Paring

Winter Canadian natural gas exports leapt 15% as producers and marketers jumped to take advantage of heating season by paring down surpluses in storage, according to the latest trade data collected by the National Energy Board (NEB).

Dynegy Inc.’s CEO said Thursday that the company is well on its way to a successful self-restructuring by paring down its debt $1.5 billion and reducing collateral needs more than 50% in the past 12 months. However, said Bruce Williamson, “we’re not done.”

Dynegy Inc.’s CEO said Thursday that the company is well on its way to a successful self-restructuring by paring down its debt $1.5 billion and reducing collateral needs more than 50% in the past 12 months. However, said Bruce Williamson, “we’re not done.”

Unocal Corp. announced Thursday it will be selling off non-core assets, consisting of primarily natural gas properties in the Gulf of Mexico (GOM), paring its inventory to focus on its core properties.