Eight months after its inception, TradeSpark continues to climb the ranks of online exchanges, announcing late last week that it has purchased TCT Natural Gas Inc., a Houston natural gas brokerage house, and opened a TradeSpark office in Houston. The company said the new division will give the New York-based energy marketplace a stronghold in the Houston area and immediate gas options trading capabilities.
Months
Articles from Months
ICE Releases Six-Month Trading Volumes
In only six months since going live with its full spectrum of over-the-counter (OTC) products, Online trading platform IntercontinentalExchange (ICE), has made a significant impact on the energy and metals markets. The company said over 42,000 trades have been made on ICE since it commenced trading with a combined notional value of $70 billion. Trading volumes on ICE have been growing exponentially with average daily volume in March up 33% from February.
EMK3 Opens Online Gas Market at the Wellhead
EMK3 reported that after almost three months of operation it has launched the natural gas component of its online energy marketplace, making it the first marketplace on the block to offer domestic buyers and sellers of both oil and natural gas the ability to electronically acquire and sell production at the source, i.e., from the wellhead.
EMK3 Opens Online Gas Market at the Wellhead
EMK3 reported that after almost three months of operation it has launched the natural gas component of its online energy marketplace, making it the first marketplace on the block to offer domestic buyers and sellers of both oil and natural gas the ability to electronically acquire and sell production at the source, i.e., from the wellhead.
Koch Receives Excuse Note from Antitrust Case
Months after an arbitrator awarded American Central GasTechnologies Co. $8.3 million in a ruling that Union PacificResources (UPR) and Duke Energy Field Services (DEFS) hadmonopolized natural gas processing in Panola County, TX, thecompanies are at it again, this time in an East Texas districtcourtroom (see NGI, Aug. 14, 2000).
Sen. Thomas Fights to Re-regulate Gas in Georgia
Spurred by high gas prices over the last few months, GeorgiaSen. Regina Thomas (D-Savannah) is leading a charge to reverse the1997 deregulation legislation, and re-regulate natural gas in thestate.
Koch Gets Excused from Antitrust Case
Months after an arbitrator awarded American Central GasTechnologies Co. $8.3 million in a ruling that Union PacificResources (UPR) and Duke Energy Field Services (DEFS) hadmonopolized natural gas processing in Panola County, TX, thecompanies are at it again, this time in an East Texas districtcourtroom (see Daily GPI, Aug. 10, 2000).
OCC Cites Two More Defaulting Gas Marketers
In the fourth time in as many months, the Ohio Consumers’ Counsel (OCC) filed two similar complaints with the Public Utilities Commission of Ohio (PUCO) against Summit Natural Gas and The Energy Cooperative — which includes Cinergy Resources and Licking Rural Electrification — alleging violations of Ohio’s much maligned natural gas choice program, as well as Ohio law.
OCC Cites Two More Defaulting Gas Marketers
In the fourth time in as many months, the Ohio Consumers’Counsel (OCC) filed two similar complaints with the PublicUtilities Commission of Ohio (PUCO) against Summit Natural Gas andThe Energy Cooperative — which includes Cinergy Resources andLicking Rural Electrification — alleging violations of Ohio’smuch maligned choice program, as well as Ohio law.
Chesapeake Completes $345M Gothic Merger
Almost seven months after the initial agreement, ChesapeakeEnergy Corp. announced it has completed the acquisition of GothicEnergy Corp., making it the 10th largest independent natural gasproducer in the United States. The acquisition marks theturn-around of Chesapeake, which two and a half years ago tried tosell itself due to repeated losses.