FERC Tuesday approved Equitrans LP’s request to abandon by sale its Sunrise Pipeline facilities that are currently under construction to a newly created affiliate, Sunrise Pipeline LLC, which was formed by Equitrans owner EQT Corp.
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Blackstone Invests $1.5B in Sabine Pass Project
In another move to fund its Sabine Pass LNG liquefaction project in Louisiana, Cheniere Energy Partners LP has agreed to sell $1.5 billion in newly issued CQP Class B units to investment funds managed by Blackstone Energy Partners LP and Blackstone Capital Partners VI LP, the Houston-based company said last week.
Blackstone to Invest $1.5B in Sabine Pass Liquefaction Project
In another move to fund its Sabine Pass LNG liquefaction project in Louisiana, Cheniere Energy Partners LP has agreed to sell $1.5 billion in newly issued CQP Class B units to investment funds managed by Blackstone Energy Partners LP and Blackstone Capital Partners VI LP, the Houston-based company said Tuesday.
New York Landowners Pact May Bypass Frack Ban
A newly formed organization representing nearly 2,000 New York property owners in Tioga County, NY, has signed a preliminary agreement to develop unconventional natural gas wells using waterless hydraulic fracturing (fracking) — a technique that may allow them to bypass the state’s drilling moratorium.
Tioga County Drilling Deal May Bypass New York Frack Ban
A newly formed organization that represents about 2,000 New York property owners in Tioga County has signed a preliminary agreement with developers to stimulate unconventional natural gas wells using waterless hydraulic fracturing (fracking) that may bypass the state’s drilling moratorium.
Industry Brief
Under pressure to make its natural gas operations more independent of its electric utility business, Pacific Gas and Electric Co. (PG&E) said it is relocating its newly defined gas operations group in a large office complex in the East San Francisco Bay suburb of San Ramon, CA. Most of a contingent of 800 employees will be moved to the Bishop Ranch business park by October this year, a PG&E spokesperson said. Teams of employees now spread around in separate locations in San Francisco, Fresno, Walnut Creek and Concord, CA, will be brought together for the first time, the spokesperson said. Bringing together engineers, emergency dispatchers, system operators and others, Executive Vice President Nick Stavropoulos, the head of gas operations for the utility, said the utility “expects big gains in communication, efficiency and team building.” A new PG&E gas control center will be located in the San Ramon facilities as of the second quarter next year, Stavropoulos said. Regulators have criticized PG&E’s alleged lack of coordination in its gas operations in the wake of the September 2010 San Bruno transmission pipeline rupture and explosion.
People
Bellevue, WA-based Puget Sound Energy (PSE) named Phil Bussey to a newly created position of senior vice president and chief customer officer. Bussey’s focus will be on the services PSE provides to its 1.5 million natural gas and electric utility customers and various stakeholder groups. He will join the Puget Energy combination utility in mid-March, coming from his current position as CEO of the Seattle Metropolitan Chamber of Commerce. Bussey previously served as PSE’s senior vice president for corporate affairs before taking the position heading the chamber. In his new position, he will be responsible for customer solutions, corporate affairs, and federal/state government relations.
Low Gas Prices Impact WPX Spending, Rig Count
WPX Energy, newly spun off from Williams, is having to rethink its first full year as an exploration and production (E&P) company because of sustained low natural gas prices, the company said late Monday.
New Oilfield Services Company Rolling Out LNG Trucks
A newly formed Texas company is buying liquefied natural gas (LNG)-fueled trucks and deploying them in the state’s oil and gas patch under the banner Green Energy Oilfield Services.
Chesapeake Completes Sale of Utica JV Shares
Chesapeake Energy Corp. has completed the sale of $750 million of perpetual preferred shares of its newly formed entity CHK Utica LLC, the Oklahoma City-based producer said Monday.