A U.S. subsidiary of Norway’s Statoil ASA has finalized an agreement to increase the availability of natural gas midstream services in the Marcellus Shale of northern West Virginia.
Marketing
Articles from Marketing
More Microturbines Powering Shale Operations
Less than a month after receiving a 3 MW order from a large independent oil and gas company for deployment in the producer’s acreage in the Eagle Ford Shale play in South Texas, Capstone Turbine Corp. said Thursday it has received a follow-on order from the same undisclosed company for six more C1000 Power Packages, accounting for an additional 6 MW.
LNG Re-Exports Approved For Cameron Terminal
Sempra LNG Marketing LLC may begin exporting previously imported liquefied natural gas (LNG) from the Cameron LNG Terminal in Cameron Parish, LA, beginning Feb. 1.
DOE Approves LNG Re-Exports From Cameron Terminal
Sempra LNG Marketing LLC may begin exporting previously imported liquefied natural gas (LNG) from the Cameron LNG Terminal in Cameron Parish, LA, beginning Feb. 1, provided an affiliate receives the necessary FERC authorization, the U.S. Department of Energy Office of Fossil Energy (DOE/FE) said.
California Utilities Propose Biogas Services
With continuing unfulfilled promise within the state’s renewable energy mix, biogas could use a marketing boost, and Sempra Energy’s two utilities have plans to provide the jump-start in recent filings at the California Public Utilities Commission (CPUC). They expect a decision from regulators next year.
California Utilities Propose Biogas Services
With continuing unfulfilled promise within the state’s renewable energy mix, biogas, or “green” gas, could use a marketing boost, and Sempra Energy’s two utilities said Tuesday they have plans to provide the jump-start in filings at the California Public Utilities Commission (CPUC). They expect a decision from regulators next year.
Industry Briefs
An affiliate of ArcLight Capital Partners LLC will acquire a 9.9% stake in OGE Energy Corp.’s Enogex midstream gas pipeline subsidiary, OGE Energy said. OGE Energy will contribute its marketing business, OGE Energy Resources Inc., to Enogex. ArcLight, a private equity firm based in Boston, has agreed to pay OGE Energy $183 million. The transaction is expected to be completed by Nov. 1 and will enable ArcLight to increase its stake over time. “As emerging natural gas resource plays continue to be developed, they are creating significant midstream infrastructure opportunities,” said Robb Turner, co-founder of ArcLight Capital Partners. “Enogex has substantial organic growth opportunities around its strategically located Midcontinent operations.”
Plains to Acquire 60,000 Eagle Ford Acres for $578M
Moving forward with a plan to shift its focus from the Gulf of Mexico (GOM) to onshore oil assets, Plains Exploration & Production Co. (PXP) has agreed to acquire from multiple sellers interests in about 60,000 net acres in the Eagle Ford Shale in South Texas for $578 million in cash, the Houston-based independent said Tuesday.
Reports: ConocoPhillips Consolidating Global Trading Arms
ConocoPhillips is said to be consolidating its regional trading arm into a global business to be based in London to increase its presence in physical natural gas and oil marketing. According to press reports, the London office would monitor U.S. and Asian markets, while the supply trading would be carried out in Houston, where the company is headquartered.
Marcellus Shale Spawns Two Open Seasons
Texas Eastern Transmission LP (Tetco) and Iroquois Gas Transmission System LP each announced open seasons last week for projects that would target growing gas production in the Marcellus Shale.