Pipeline

Cabot Oil & Gas Corp. has received a long-awaited air quality permit from Pennsylvania regulators to build three natural gas compressors in Susquehanna County, PA, in the heart of its Marcellus Shale operations.

Due to a possible leak, ANR said Thursday it would begin unplanned pipeline inspection on the 708 Line in the Southeast Area Fuel Segment, causing the Cheniere Perdue location to be shut in until further notice.

Higher rates and new pipeline projects helped AGL Resources Inc.’s 3Q2010 earnings to increase 83% compared with 3Q2009 earnings, the Atlanta-based company said.

One New York county in the midst of the Marcellus Shale may be looking to promote natural gas drilling in an effort to regain jobs that have left the area since the Empire State instituted a de facto moratorium on drilling two years ago.

An affiliate of ArcLight Capital Partners LLC will acquire a 9.9% stake in OGE Energy Corp.’s Enogex midstream gas pipeline subsidiary, OGE Energy said. OGE Energy will contribute its marketing business, OGE Energy Resources Inc., to Enogex. ArcLight, a private equity firm based in Boston, has agreed to pay OGE Energy $183 million. The transaction is expected to be completed by Nov. 1 and will enable ArcLight to increase its stake over time. “As emerging natural gas resource plays continue to be developed, they are creating significant midstream infrastructure opportunities,” said Robb Turner, co-founder of ArcLight Capital Partners. “Enogex has substantial organic growth opportunities around its strategically located Midcontinent operations.”

The shale-driven natural gas supply glut in the Lower 48 states has prompted ConocoPhillips to reassess its part in the Denali Alaska gas pipeline project with BP plc, CEO Jim Mulva said in Houston as reported by the Financial Times.

The shale-driven natural gas supply glut in the Lower 48 states has prompted ConocoPhillips to reconsider its participation in the Denali Alaska gas pipeline project with BP plc, CEO Jim Mulva said in Houston.

Williams Cos. and natural gas pipeline partnership Williams Partners LP on Thursday reduced earnings forecasts and planned capital spending through 2012 to reflect lower expected natural gas prices and natural gas liquid (NGL) margins.

Dominion natural gas transmission and storage subsidiary Dominion Transmission has struck a 10-year lease agreement with Tennessee Gas Pipeline Co. for firm capacity in support of a project to move Marcellus Shale gas.