Prevent

Private equity fund Tiberius Capital LLC has launched a tender offer to acquire a controlling interest in Petrosearch Energy Corp. to prevent Double Eagle Petroleum Co. from purchasing the company.

A business-labor coalition told an Oregon legislative committee Thursday it opposes a bill (HB 2015), which it alleges would prevent development of a liquefied natural gas (LNG) terminal in the state. Energy Action Northwest said it is fighting for “responsible energy policy.”

With phase one of its storage project still not completed, Pine Prairie Energy Center LLC has returned to FERC asking to double the working gas capacity of its storage project near the Henry Hub in Louisiana to 48 Bcf. At the same time Standard & Poor’s Ratings Service (S&P) has lowered the company’s credit rating because of delays and cost overruns on the initial project.

The American Public Gas Association (APGA) is seeking the closure of a potential loophole in proposed regulations in order to prevent traders in exempt commercial markets (ECM) from amassing positions “well in excess of the intended speculative position limit,” it said.

The American Public Gas Association (APGA) is seeking the closure of a potential loophole in proposed regulations in order to prevent traders in exempt commercial markets (ECM) from amassing positions “well in excess of the intended speculative position limit,” it said.

Two environmental groups attempting to prevent some oil and natural gas lease sales in New Mexico from being implemented have sued the Bureau of Land Management, alleging that the federal agency has failed to curb ozone levels and safeguard air quality in the northwestern part of the state.

Major increases in heating load were just over the horizon but not substantive enough for Friday to prevent further price losses Thursday in the Gulf Coast, Northeast and Midwest. But most points in the Midcontinent and West recorded increases.

A group of Columbia Transmission shippers has called on FERC to grant emergency relief on an expedited basis to prevent the pipeline from unilaterally modifying the primary delivery points under their contracts while a complaint proceeding is pending.

A group of Columbia Transmission shippers have called on FERC to grant emergency relief on an expedited basis to prevent the pipeline from unilaterally modifying the primary delivery points under their contracts while a complaint proceeding is pending.