Partnering

Royal Dutch Shell plc said last week it is progressing on its Pearl GTL (gas-to-liquids) project as well as its Qatargas 4 liquefied natural gas (LNG) project. Shell is partnering in both Pearl GTL and Qatargas 4 with Qatar Petroleum, the state-owned oil and gas company of Qatar.

Royal Dutch Shell plc said Monday it is making good progress on its Pearl GTL (gas-to-liquids) project as well as its Qatargas 4 liquefied natural gas (LNG) project. Shell is partnering in both Pearl GTL and Qatargas 4 with Qatar Petroleum, the state-owned oil and gas company of Qatar.

Petrohawk Energy Corp. said Monday it is partnering with Swift Energy Co. to develop Swift’s Eagle Ford Shale assets. Under the terms of the joint venture (JV), Petrohawk will pay Swift $26 million in cash up front and $13 million more to fund capital expenses (capex) for the first year.

Williams and Dominion are partnering to develop the Keystone Connector pipeline, designed to carry up to 1 Bcf/d from the Rockies Express Pipeline (REX) terminus in Ohio to eastern and Mid-Atlantic markets. Under the proposal, the sponsors want to place the 240-mile pipeline into service by 2013. The proposed pipeline would extend from Clarington, OH, to Williams’ Transcontinental Gas Pipe Line (Transco) Station 195 in southeastern Pennsylvania. Williams and Dominion would work with potential shippers to determine the level of interest in the proposal. Williams, through its Rockies Connector project, and Dominion, through its original Keystone project, said they had worked independently over the past two years on various proposals to the Northeast markets with Rockies and growing Marcellus Shale gas supplies. After holding open seasons in 2007, Williams last year decided to combine its Rockies Connector and Northeast Connector projects into the Northeast Supply Project to move gas from Clarington to various delivery points in Transco’s Zone 6 (see NGI, May 12, 2008). Meanwhile, an open season for Dominion’s original Keystone pipeline was launched last year to transport up to 1 Bcf/d from southwestern Pennsylvania, the heart of the Marcellus Shale, to East Coast markets (see NGI, July 7, 2008). The pipeline was to carry gas to Chester County, PA, for delivery to eastern markets through pipes operated by Dominion, Spectra, Williams and NiSource. For information contact Transco’s Jim Moore at (713) 215-3081 or Dominion’s Jeff Keister at (804) 771-4459.

Morgan Stanley Private Equity is partnering for a second time with the management team of Triana Energy Investments LLC, a venture that is expected to focus on acquiring natural gas properties in the Appalachian Basin’s Marcellus Shale.

Energy Transfer Partners LP (ETP) and a subsidiary of Chesapeake Energy Corp. are partnering to construct a 178-mile, 42-inch diameter pipe that would connect emerging Haynesville Shale natural gas production to Louisiana’s interstate pipeline network.

Utilities and state government are partnering under the California “Green Building Initiative” unveiled earlier in the year by Gov. Arnold Schwarzenegger, and they marked their first successful collaboration by going to jail Thursday. They weren’t locked up, but they did spend some time in Wasco State Prison to present a $6.5 million incentive check for energy efficiency measures adopted by the state Department of Corrections and Rehabilitation.

Utilities and state government are partnering under the California “Green Building Initiative” unveiled earlier in the year by Gov. Arnold Schwarzenegger, and they marked their first successful collaboration by going to jail Thursday. They weren’t locked up, but they did spend some time in Wasco State Prison to present a $6.5 million incentive check for energy efficiency measures adopted by the state Department of Corrections and Rehabilitation.

GE Energy Financial Services is partnering with a Union Gas Corp. subsidiary to acquire oil and natural gas reserves from two fields in East Texas and along the Texas Gulf Coast for $115 million. The exact location of the fields was not disclosed.