Planned

ConocoPhillips, one of the four partners in the long-planned C$16.2 billion Mackenzie Gas Project (MGP), said Friday the co-venturers have suspended funding because of “a continued decline in market conditions and the lack of acceptable commercial terms.”

ConocoPhillips, a partner in the long-planned C$16.2 billion Mackenzie Gas Project (MGP), said Friday the co-venturers have suspended funding because of “a continued decline in market conditions and the lack of acceptable commercial terms.”

Ohio is a “long shot” for a world class ethane cracker planned for Appalachia, but the state would still benefit if the facility lands anywhere in the region, Ohio Gov. John Kasich said Tuesday.

Japan’s Mitsubishi Corp. is investing $2.9 billion to acquire a 40% stake in Encana Corp.’s Cutbank Ridge leasehold in British Columbia, the companies said Friday. The deal is set to close this month.

A major liquefied natural gas (LNG) player last week increased its planned offtake from a proposed liquefaction facility in Louisiana while another recently won a local approval in Texas for a new liquefaction facility on the Gulf Coast.

Producers in the booming Bakken Shale are getting their wish for more infrastructure with the announcement Friday that a unit of Plains All American Pipeline LP (PAA) will construct a cryogenic gas processing plant to serve them. Separately, Alliance Pipeline has filed for a FERC certificate for its previously announced Tioga Lateral project.

It was brief and caused no injuries or damage, but the accident set off alarms among regulators, production companies and field contractors

With two new joint ventures in hand, Consol Energy Inc. is gearing up for a big year in Appalachian shale.

Southern California Gas reported regaining 340 MMcf/d of withdrawal capacity and 125 MMcf/d of injection capacity at its Goleta storage facility Wednesday following completion of two planned high-inventory shut-in outages.