Near

Banking on the possibility that New York will lift its moratorium on high-volume hydraulic fracturing (fracking) in the near future, Norse Energy Corp. ASA on Thursday completed a $37 million sale of operated production and other assets in the Empire State to EmKey Resources LLC (see Shale Daily, March 19), giving it cash to focus on core properties in the Marcellus and Utica shales in central New York.

Apache Corp. and its partners are “in the throes of negotiations…for a tenant to underpin” the KM LNG project, which would transport liquefied natural gas (LNG) from a terminal near Kitimat, BC, to Asia Pacific markets, CEO G. Steven Farris said Thursday.

Apache Corp. and its partners are “in the throes of negotiations…for a tenant to underpin” the KM LNG project, which would transport liquefied natural gas (LNG) from a terminal near Kitimat, BC, to Asia Pacific markets, CEO G. Steven Farris said last week.

Chevron Phillips Chemical Co. (CPChem) LP announced Monday that it has selected a site near Old Ocean, TX, in Brazoria County, for two polyethylene facilities, part of the company’s U.S. Gulf Coast Petrochemicals Project.

Dow Chemical Co. plans to build a world-scale ethylene production plant at its Dow Texas Operations in Freeport, TX, as part of a plan to capitalize on low-cost feedstocks available from growing U.S. shale gas supplies, the company said Thursday.

A new natural gas-fueled power plant to be built near Marble Falls, TX, for the Lower Colorado River Authority (LCRA) will be the first combined-cycle plant in the Electric Reliability Council of Texas (ERCOT) region to meet the latest greenhouse gas regulations of the Environmental Protection Agency, according to GE, turbine provider to the project.

The final rules under the Dodd-Frank Act to be issued in the near future would make clear that only parties that “make markets for others on a routine basis,” would be subject to rules governing swap dealers, Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler told a congressional committee last Wednesday.

TransCanada Corp. has notified the U.S. State Department that it intends to file in the “near future” a Presidential Permit application for a cross-border permit for part of the original $7 billion, 1,700-mile Keystone XL oil pipeline project running from the U.S.-Canada border in Montana to Steele City, Nebraska. The Calgary-based pipeline company said it eventually would file a supplement to the new application with an alternative route in Nebraska.

The final rules under the Dodd-Frank Act to be issued in the near future would make clear that only parties that “make markets for others on a routine basis,” would be subject to rules governing swap dealers, Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler told a congressional committee Wednesday.