Leveraging

Following through with market commitments to break through the Midcontinent crude bottleneck, Enbridge Inc. and Enterprise Products Partners LP said late Monday they will double the capacity of the Seaway Pipeline to 850,000 b/d by mid-2014 after lining up capacity commitments from shippers.

A unit of Japan’s Marubeni Corp. has struck a deal to acquire a 35% stake in Dallas-based Hunt Oil Co.’s Eagle Ford Shale holdings. Marubeni pledged Friday to grow its stake in shales, in the United States and around the world.

Leveraging its liquids-rich portfolio from the Texas Panhandle to northeast Pennsylvania, Range Resources Corp. posted record production volumes in the first quarter of the year despite weak prices.

In the midst of a regional trucking transportation hub in the Inland Empire 50 miles east of downtown Los Angeles, a regional government association is leveraging state and federal grants totaling nearly $20 million with a major national trucking company, Ryder System Inc., to put hundreds of compressed natural gas (CNG) and liquefied natural gas (LNG) rigs on the road.

ExxonMobil Corp. expects worldwide natural gas demand growth between now and 2030 to be about 2.2% a year, the fastest among the major fuels. And as demand grows, the gas markets will globalize, the company’s president said Wednesday.

ExxonMobil Corp. expects worldwide natural gas demand growth between now and 2030 to be about 2.2% a year, the fastest among the major fuels. And as demand grows, the gas markets will globalize, the company’s president said Wednesday.

ExxonMobil Corp. expects worldwide natural gas demand growth between now and 2030 to be about 2.2% a year, the fastest among the major fuels. And as demand grows, the gas markets will globalize, the company’s president said Wednesday.

“Opportunities in the regulated utility business have never beenbetter,” according to UtiliCorp United Chairman Richard C. Green,Jr.

Dynegy’s merchant power “leveraging” strategy, utilizinggeneration plants added over the last year, produced a whopper of afirst quarter. The company posted a 127% increase in net incomeafter special items to $28.1 million, or $0.17/share, from $12.3million, or $0.07/share in 1Q98. Recurring net income increased 20%to $22.3 million.