Offers

With buyers said to be lined up with unsolicited offers, Anadarko Petroleum Corp. announced last week it will unload profitable subsidiary Anadarko Canada Corp. for an undisclosed price. In 2005, the Canadian subsidiary provided 11% of Anadarko’s total proved reserves. Analysts expect the unit to fetch more than $4 billion.

With buyers said to be lined up with unsolicited offers, Anadarko Petroleum Corp. late Wednesday announced it will sell profitable subsidiary Anadarko Canada Corp. for an undisclosed price. In 2005, the Canadian subsidiary provided 11% of Anadarko’s total proved reserves.

As other Republican energy proposals were falling by the wayside, Sen. Craig Thomas (R-WY) on Thursday introduced legislation that offers incentives to expand energy supply and infrastructure in an attempt to lower fuel prices. A key provision in the bill would remove a barrier to the construction of the proposed Weaver’s Cove liquefied natural gas (LNG) terminal in Fall River, MA.

Cheniere Energy Inc. is taking offers from potential customers for 500 MMcf/d of regasification capacity at its Sabine Pass LNG terminal, which is under construction in Cameron Parish, LA. The company also announced that its affiliate, Cheniere LNG Marketing, has signed a long-term contract for 1.5 Bcf/d of regasification capacity at the Sabine Pass terminal and for 1 Bcf/d at Cheniere’s Corpus Christi LNG terminal in Corpus Christi, TX.

The principals aren’t talking, but rumors have been swirling in recent weeks about potential buy-out offers for portions of the increasingly valuable energy trading portion of the New York Mercantile Exchange. The latest was a report circulating Thursday that J.P. Morgan Chase & Co. was presenting a proposal to the Nymex board to set up an initial public offering for the Exchange.

In an effort to attract new electricity generation to the southern part of the state, Southern California Edison (SCE) is considering issuing a competitive request for offers (RFO). If released, the RFO would solicit bids for power contracts lasting up to 10 years for new generation facilities that could be online between June 1, 2006, and August 1, 2008.

Kinder Morgan Energy Partners is holding an open season to determine interest in a new pipeline project along the Gulf Coast that would transport regasified LNG to markets and to interconnections with other major pipelines, in particular its affiliate Natural Gas Pipeline Co. of America. The open season continues until March 2.

Kinder Morgan Energy Partners is holding an open season to determine interest in a new pipeline project along the Gulf Coast that would transport regasified LNG to markets and to interconnections with other major pipelines, in particular its affiliate Natural Gas Pipeline Co. of America. The open season continues until March 2.

Columbia Gas of Ohio customers may soon be able to lock in natural gas prices for three years under a plan unveiled by Centrica subsidiary Direct Energy.