Raising

San Diego-based Sempra Energy held debt-equity initial public offerings (IPO) in Mexico during the first quarter, raising nearly $1 billion for its expanding operations south of the border, and in the process creating what CEO Debra Reed said is Mexico’s second largest energy company, IEnova.

San Diego-based Sempra Energy held debt-equity initial public offerings (IPO) in Mexico during the first quarter, raising nearly $1 billion for its expanding operations south of the border, and in the process creating what CEO Debra Reed said is Mexico’s second largest energy company, IEnova.

The U.S. Environmental Protection Agency (EPA) is raising “environmental objections” to the State Department’s draft environmental impact statement for the northern portion of the $7 billion, 1,700-mile Keystone XL pipeline that would carry Canadian crude to Cushing, OK. Sponsor TransCanada Corp. had no comment. A southern portion, not requiring a federal review, is under construction between Cushing to the Gulf Coast.

The Energy Information Administration (EIA) joined a growing list of analysts raising 2013 natural gas price forecasts, saying in a Short-Term Energy Outlook (STEO) released Tuesday that it expects spot prices, which averaged $2.75/MMBtu at the Henry Hub last year, to climb to an average of $3.52 this year and $3.60 in 2014.

The Energy Information Administration (EIA) joined a growing list of analysts raising 2013 natural gas price forecasts, saying in a Short-Term Energy Outlook (STEO) released Tuesday that it expects spot prices, which averaged $2.75/MMBtu at the Henry Hub last year, to climb to an average of $3.52 this year and $3.60 in 2014.

Pennsylvania regulators Thursday approved a revised settlement raising to $500,000 the penalty on UGI Corp. for an explosion that killed five people in Allentown, PA two years ago.

As a study emerged Monday in Canada raising public health concerns about oilsands, groups long opposed to TransCanada Corp.’s Keystone XL oil pipeline blasted a report released Friday evaluating a rerouting of the oilsands-linked pipeline in Nebraska by the state’s Department of Environmental Quality (DEQ).

As a study emerged Monday in Canada raising public health concerns about oilsands, groups long opposed to TransCanada Corp.’s Keystone XL oil pipeline blasted a report released Friday evaluating a rerouting of the oilsands-linked pipeline in Nebraska by the state’s Department of Environmental Quality (DEQ).

With the clock ticking on an end-of-year deadline, a regional unit of the national Trust for Public Land (TPL) said Friday it is short the full $8.75 million it needs to meet a commitment to Plains Exploration and Production Co. (PXP) to acquire and retire oil and natural gas leases in the Wyoming Range.