Player

Calgary-based unconventional gas player Mahalo Energy Ltd. says its pending acquisition of Peregrine Energy Ltd., also of Calgary, will complement its existing low-risk U.S. and Canadian coalbed methane and shale portfolio with high-risk, high-reward prospects in Northeast British Columbia and west-central Alberta.

Calgary-based unconventional gas player Mahalo Energy Ltd. says its pending acquisition of Peregrine Energy Ltd., also of Calgary, will complement its existing low-risk U.S. and Canadian coalbed methane and shale portfolio with high-risk, high-reward prospects in Northeast British Columbia and west-central Alberta.

El Paso Marketing LP (EPM) said Monday it will sell most of its remaining wholesale power trading portfolio to emerging domestic energy player Morgan Stanley Capital Group Inc. for $442 million. The assets, which have been a huge financial drain on parent company El Paso Corp., include all power positions other than the Cordova tolling arrangement and some positions in the PJM power pool.

Canada’s Irving Oil and Spain’s Repsol, a major player in the global liquefied natural gas (LNG) business, have signed definitive partnership agreements on development of the 1 Bcf/d Canaport LNG terminal in St. John, NB, which would be connected to Irving Oil’s refinery and the eastern Canadian pipeline grid. The terminal is expected to be operational, delivering regasified LNG into the marketplace, in 2008.

Canada’s Irving Oil and Spain’s Repsol, a major player in the global liquefied natural gas (LNG) business, have signed definitive partnership agreements on development of the 1 Bcf/d Canaport LNG terminal in St. John, NB, which would be connected to Irving Oil’s refinery and the eastern Canadian pipeline grid. The terminal is expected to be operational, delivering regasified LNG into the marketplace, in 2008.

Looking for an experienced global industry player and perhaps indicating a shift of potential gas supply sources, Houston-based Crystal Energy, LLC, announced last week that it has an “in-principle agreement” with Australian-based Woodside (USA) Energy Inc. to develop Crystal’s proposed liquefied natural gas (LNG) receiving terminal off the coast of Oxnard along the part of Southern California’s coast dotted with offshore oil platforms. Crystal originally proposed bringing Alaskan gas supplies through its terminal.

Looking for an experienced global industry player and perhaps indicating a shift of potential gas supply sources, Houston-based Crystal Energy, LLC, announced last week that it has an “in-principle agreement” with Australian-based Woodside (USA) Energy Inc. to develop Crystal’s proposed liquefied natural gas (LNG) receiving terminal off the coast of Oxnard along the part of Southern California’s coast dotted with offshore oil platforms. Crystal originally proposed bringing Alaskan gas supplies through its terminal.

Looking for an experienced global industry player and perhaps indicating a shift of potential gas supply sources, Houston-based Crystal Energy, LLC, announced last week that it has an “in-principle agreement” with Australian-based Woodside (USA) Energy Inc. to develop Crystal’s proposed liquefied natural gas (LNG) receiving terminal off the coast of Oxnard along the part of Southern California’s coast dotted with offshore oil platforms. Crystal originally proposed bringing Alaskan gas supplies through its terminal.

ConocoPhillips is “pretty well positioned” to be a major player in the U.S. liquefied natural gas (LNG) market in the years ahead, said a top-level executive with the energy company last Wednesday.