With fourth quarter and full-year earnings reports days away, oil and gas producers are preparing shareholders for underwhelming results.
Preparing
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Puget Sound Energy Readying Merger Filings
Despite a pre-merger quiet period, Puget Sound Energy (PSE) is busily preparing a deluge of regulatory filings by the end of the year on its proposed $7.4 billion merger with a consortium of Australian and Canadian private equity interests bidding to take the Bellevue, WA-based utility private.
Cobalt’s Leasehold Makes Statement in Deepwater GOM
Shell Offshore Inc. spent two years preparing for the Minerals Management Service’s Central Gulf of Mexico (GOM) Lease Sale 205 earlier this month, and the planning paid off: the company won 69 leases of the 94 bids it submitted. Cobalt International Energy LP had yet to launch two years ago, but the upstart independent submitted more bids than any other producer, and it captured 53 deepwater leaseholds.
Washington Gas Sees Winter Bills Much Like Last Year
In preparing its customers for the winter heating season, Washington, DC-based Washington Gas said that assuming normal winter temperatures, customers can expect heating bills to vary slightly from last year — within a range of approximately 5% higher or lower — depending upon the amount of gas a customer uses, the type of service and the market price of gas.
Cobalt’s Leasehold Makes Statement in Deepwater GOM
Shell Offshore Inc. spent two years preparing for the Minerals Management Service’s Central Gulf of Mexico (GOM) Lease Sale 205 last week, and the planning paid off: the company won 69 leases of the 94 bids it submitted. Cobalt International Energy LP had yet to launch two years ago, but the upstart independent submitted more bids than any other producer, and it captured 53 deepwater leaseholds.
Millennium Pipeline Launches Open Season, Eyes Late 2008 Operation
Preparing for operation after years of fits and starts, Millennium Pipeline Co. LLC has announced a nonbinding open season for shippers seeking firm capacity commencing as early as November 2008 on the company’s 182-mile long, 30-inch diameter pipeline across New York’s Southern Tier and the lower Hudson Valley.
Millennium Pipeline Launches Open Season
Preparing for operation after years of fits and starts, Millennium Pipeline Co. LLC has announced a nonbinding open season for shippers seeking firm capacity commencing as early as November 2008 on the company’s 182-mile long, 30-inch diameter pipeline across New York’s Southern Tier and the lower Hudson Valley.
Enogex Leases Out Capacity to Two Major New Pipelines
OGE Energy Corp. pipeline subsidiary Enogex Inc. said Friday it is preparing to lease capacity on its Oklahoma pipeline system to Boardwalk’s Gulf Crossing project, a 355-mile, 1.65 Bcf/d project that will bring gas from interconnections with other pipelines in Sherman, TX, Bennington, OK, and Paris, TX, to the Perryville, LA, Hub (see Daily GPI, Nov. 20).
Former Anti-Terrorism Czar Analyzes Threats of LNG Projects in New England
Richard Clarke, former anti-terrorism czar for both the Bush and Clinton administrations, is preparing a threat analysis of the proposed marine transport of liquefied natural gas (LNG) through Narragansett Bay, said Rhode Island Attorney General Patrick C. Lynch. The U.S. Coast Guard has requested a copy of the analysis, which is due to be completed by mid-April.
Former Anti-Terrorism Czar Analyzes Threats of LNG Projects in New England
Richard Clarke, former anti-terrorism czar for both the Bush and Clinton administrations, is preparing a threat analysis of the proposed marine transport of liquefied natural gas (LNG) through Narragansett Bay, said Rhode Island Attorney General Patrick C. Lynch. The U.S. Coast Guard has requested a copy of the analysis, which is due to be completed by mid-April.