Proceed

Following an announcement by the Interior Department’s Minerals Management Service (MMS) Monday that Lease Sale 200 off the coasts of Texas and Louisiana will proceed as scheduled on Aug. 16, Louisiana Gov. Kathleen Babineaux Blanco pledged to take immediate action to block the proposed sale in court.

The controversial liquefied natural gas (LNG) terminal planned for the Port of Long Beach, CA, on Friday got preliminary environmental clearance to proceed with the project in a joint FERC-state review.

FERC on Thursday issued a certificate to El Paso Corp. subsidiary Wyoming Interstate Co. Ltd. (WIC) to proceed with an expansion of its pipeline system to step up natural gas deliveries by mid-winter out of the prolific Rocky Mountain region.

FERC on Friday gave the green light for CenterPoint Energy Gas Transmission to proceed with the construction of an expansion of its working gas capacity and deliverability at its storage facility in Oklahoma.

Kerr-McGee Corp. said Tuesday that it has authorized management to proceed with a proposal to either spin off or sell its chemical business, and the board authorized a share repurchase initially set at $1 billion, which may be expanded after the chemical unit is sold or spun off. The company also blasted a proposal by financier and shareholder Carl Icahn, who called on the company to set up a volumetric production payment (VPP) transaction for 250 million boe.

Following completion of its feasibility studies, Crosstex Energy LP said it will proceed with construction of its North Texas Pipeline project to bring natural gas out of the Barnett Shale and into markets in the Midwest and East. The project was first announced last December (see Daily GPI, Dec. 14, 2004).

FERC last Tuesday granted a waiver that will allow SG Resources Mississippi LLC to build a high-performance underground natural gas storage facility in Mississippi without first executing agreements for firm storage service.

FERC on Tuesday granted a waiver that would allow SG Resources Mississippi LLC to build a high-performance underground natural gas storage facility in Mississippi without first executing agreements for firm storage service.

Falcon Gas Storage said it intends to proceed with a Phase II expansion of its Hill-Lake Gas Storage Facility in Eastland County, TX. Subsidiary Hill-Lake Gas Storage LP has received regulatory approvals for the project, which serves markets in the Dallas-Ft. Worth area as well as other parts of north, east and west Texas, including the Waha pipeline hub