Projects

Those advocating a fast track for approval of infrastructure projects should get their message through to energy bill conferees, FERC Chairman Pat Wood said Tuesday, noting that energy legislation only “comes around one time in about 10 years.”

FERC last Wednesday clarified how transmission providers should respond when a transmission system’s ability to support interconnections without upgrades can only accommodate a generator or generators that hold the highest position in an interconnection queue.

With its latest liquefied natural gas (LNG) permits in hand for projects in Mexico and Louisiana, San Diego-based Sempra Energy appeared to have “first mover advantage” among the four or five serious proposals to site LNG receiving terminals along the Pacific Coast of North Baja California, according to report released Tuesday by Credit Suisse First Boston (CSFB). Success of the LNG ventures could allow a major merchant energy part of Sempra to eventually raise its share of Sempra’s earnings to 15% in a company still dominated by two cash-cow utility companies.

A “growth spurt” from several production projects will lead Burlington Resources Inc. toward the higher end of its projected 3-8% growth next year, led by a surge in international growth and a more modest climb in Canada, the CFO told a Denver audience Wednesday.

A “growth spurt” from several production projects will lead Burlington Resources Inc. toward the higher end of its projected 3-8% growth next year, led by a surge in international growth and a more modest climb in Canada, the CFO told a Denver audience Wednesday.

While noting that the figures may differ quite considerably from the final numbers that will be reported on July 29, BP on Wednesday released a trading update that provided an overview of the revenue and trading conditions it experienced during the second quarter ending June 30, 2003.

Coordinating it with other projects going on in the area, Sonat began pipeline integrity work Tuesday on the 16-inch LRC Interconnect Line. The project is expected to run through Monday, during which Sonat will be unable to accept nominations at the Sabine bidirectional interconnect point codes (605200 and 605210) and at the NGPL interconnect point codes (663200 and 663210).

Iroquois Gas Transmission is the latest pipeline to ask FERC to delay its certificated expansion projects by more than a year because prospective shippers — mostly power companies — have decided to either terminate or defer their service requirements.

WATT Energy LP II said Friday that it has been successful with two Caroline, AB natural gas projects. The Toronto-based investment management and corporate finance firm said testing has confirmed natural gas zones with a multi-zone completion program underway.