Provides

The American Gas Association (AGA) has endorsed House legislation that would significantly raise annual funding for a federal program that provides assistance to low-income energy customers.

The American Gas Association (AGA) has endorsed House legislation that would significantly raise annual funding for a federal program that provides assistance to low-income energy customers.

Fort Worth, TX-based Welltec Inc. has opened an operating facility in the Marcellus Shale region to focus on the Appalachian Basin’s burgeoning play. Welltec provides wire-line deployed conveyance technologies for horizontal and deviated wells. “We have many pre-existing relationships with clients already drilling in the Marcellus. Due to our recent increase in activity, we feel now is the time to establish ourselves in the region,” said Gregg Lindstrom, vice president of North and Central America for Welltec Inc. Welltec is currently operating in the Marcellus Shale region and will add additional assets along with staff by September.

FERC Monday gave Kinder Morgan Interstate Gas Transmission LLC the go-ahead to begin service on a lateral that provides distribution customers in Greeley, CO, with access to natural gas from competing pipelines.

Canada provides about a quarter of Devon Energy Corp.’s oil and natural gas production, and with most of it in the Alberta province — where the royalty regime is being revised — the company is taking a long look at whether to revise its portfolio plans in 2008, the CEO said last week.

Canada provides about a quarter of Devon Energy Corp.’s oil and natural gas production, and because most of it is in Alberta — where the royalty regime is being revised — the company is taking a long look at whether to revise its portfolio plans in 2008, the CEO said Wednesday.

Zurich, Switzerland-based ABB is selling its Lummus Global business to Chicago Bridge & Iron Co. (CB&I) for $950 million, the company said. Lummus provides engineering, procurement and construction management services to the upstream and downstream oil and gas, petrochemical and refining industries. The sale, which is subject to regulatory and CB&I shareholder approval, is intended to further focus ABB on its core business in power automation technology, the company said. Netherlands-based CB&I will purchase the entire Lummus Global business, which employs about 2,400 and had reported revenues of $988 million in 2006. ABB’s automation and power businesses remain committed to the oil and gas sector, the company said. In connection with the divestment of Lummus, ABB said it has discovered certain suspect payments in a number of countries. ABB reported these suspected payments to the U.S. Department of Justice and the Securities and Exchange Commission, and is cooperating fully with the authorities, while continuing its internal investigations and compliance reviews. ABB said it retains liability for potential fines and penalties.

Washington Gas Light Co. reached a settlement in a pending rate case with Virginia’s State Corporation Commission that provides “a modest increase” in distribution rates as well as revenue decoupling and performance-based rates, the company said last week.

Washington Gas Light Co. reached a settlement in a pending rate case with Virginia’s State Corporation Commission that provides “a modest increase” in distribution rates as well as revenue decoupling and performance-based rates, the company said Monday.