Marketing

ExxonMobil Gas & Power Marketing and Hess Corp. have filed a protest at FERC against an attempt by Sea Robin Pipeline Co. LLC to collect a surcharge for extensive damages it incurred during Hurricane Ike last September and to install a mechanism to regularly institute surcharges for costs to repair damage from disasters beyond amounts covered by insurance.

Distribution and marketing affiliates of Colorado-based SourceGas LLC have accused Kinder Morgan Interstate Gas Transmission (KMIGT) of unfairly holding onto nearly $1 million in natural gas that belongs to retail choice customers in Nebraska and Wyoming.

Completion this year of 3 Bcf/d of pipeline takeaway capacity within the 13-state Midcontinent region will give producers new marketing opportunities and improve regional pricing differentials, but the plunge in onshore gas drilling activity may have consequences, Bentek Energy reported last week.

Completion this year of 3 Bcf/d of pipeline takeaway capacity within the 13-state Midcontinent region will give producers new marketing opportunities and improve regional pricing differentials, but the plunge in onshore gas drilling activity may have consequences, Bentek Energy said in a new report.

The times have changed in energy marketing and trading, and in the business world at large — and that, in a nutshell, is why David Messer, the head of RBS Sempra Commodities, decided to pack it in last week for family breakfasts and deep sea fishing, according to Sempra Energy CEO Donald Felsinger.

The times have changed in energy marketing and trading, and in the business world at large — and that, in a nutshell, is why David Messer, the head of RBS Sempra Commodities, decided to pack it in this week for family breakfasts and deep sea fishing, according to Sempra Energy CEO Donald Felsinger.

BP Canada Energy Marketing Co. and Secure Energy Inc. have struck a long-term natural gas sales agreement whereby BP will purchase up to 67 MMcf/d of gas from the proposed Secure Energy Decatur Gasification Plant to be built in Illinois once the plant becomes operational. Secure Energy will have the option to separately sell gas to industrial customers in the Decatur, IL, area for a portion of its production, and BP has agreed to purchase any gas not sold locally. The Decatur plant would convert 1.4 million tons of high-sulfur Illinois coal into more than 20 Bcf of gas each year. The projected plant construction cost is estimated to be $550 million. The plant is expected to be in operation in the summer of 2011.

FERC last Thursday set for hearing the charges against Energy Transfer Partners LP (ETP) and several affiliates — Energy Transfer Co., ETC Marketing Ltd. and Houston Pipeline Co. — for manipulation of the physical natural gas prices at the Houston Ship Channel (HSC) and Waha trading hub on various dates from December 2003 through December 2005.

FERC Thursday set for hearing the charges against Energy Transfer Partners LP (ETP) and several affiliates — Energy Transfer Co., ETC Marketing Ltd. and Houston Pipeline Co. — for manipulation of the physical natural gas prices at the Houston Ship Channel (HSC) and Waha trading hub on various dates from December 2003 through December 2005.