Raised

Interstate pipeline National Fuel Gas Supply Corp. on Monday filed an “agreement in principle” at FERC that it says resolves all the issues raised in a complaint lodged by several Pennsylvania and New York agencies.

As it raised the roof on the second LNG storage tank of its proposed 1.75 Bcf/d LNG import terminal 70 miles south of Houston, TX, on Quintana Island, Freeport LNG Development LP also received final authorization from FERC on Thursday to increase the sendout capacity of the terminal to 4 Bcf/d.

As it raised the roof on the second LNG storage tank of its proposed 1.75 Bcf/d LNG import terminal 70 miles south of Houston, TX, on Quintana Island, Freeport LNG Development LP also received final authorization from FERC on Thursday to increase the sendout capacity of the terminal to 4 Bcf/d.

Organized opposition to a coastal liquefied natural gas (LNG) terminal in California, along with critical environmental organizations and utilities, Friday raised the spectre of challenging at least part of the sweeping new state natural gas rules approved by the California Public Utilities Commission (see Daily GPI, Sept. 22). At least one group threatened to file a lawsuit in state Superior Court Monday.

A little-known exploration and production (E&P) subsidiary of Constellation Energy Group Inc. on Friday raised the number of units it will offer in a planned initial public offering (IPO) to extend its coalbed methane (CBM) holdings in Alabama’s Black Warrior Basin. Following the IPO, the Baltimore-based power company would own 58% of Constellation Energy Resources LLC.

A little-known exploration and production (E&P) subsidiary of Constellation Energy Group Inc. on Friday raised the number of units it will offer in a planned initial public offering (IPO) to extend its coalbed methane (CBM) holdings in Alabama’s Black Warrior Basin. Following the IPO, the Baltimore-based power company would own 58% of Constellation Energy Resources LLC.

El Paso reported completing a two-day San Juan Crossover maintenance project ahead of schedule early Friday. It raised crossover capacity to 415 MMcf/d effective with Cycle 3 nominations Friday (prorated for partial-day flow) and planned to increased it further to 615 MMcf/d effective with Cycle 1 nominations Saturday.

Although the $21.1 billion (plus $2.2 billion in debt assumption) Anadarko Petroleum Corp. will pay for Kerr-McGee Corp. and Western Gas Resources Inc. raised some eyebrows last week for its bold bet on robust commodity prices, Wood Mackenzie analysts were largely unfazed. The Anadarko deals gave the upstream sector a share-price bump, and that got the attention of many. Now the industry is waiting to see who will be the next players in the E&P consolidation game.

Standard & Poor’s Ratings Services (S&P) on Tuesday raised the long-term corporate credit rating on pipeline giant El Paso Corp. and its subsidiaries to “B+” from “B” following the progress the company has made to refocus its businesses. Its outlook is “positive.”