Received

The Baker Hughes Inc.-BJ Services Co. marriage took a few more steps down the aisle last week as the companies received stockholder approval of the deal and reached an agreement with the U.S. Department of Justice (DOJ) on what assets they will need to divest before consummating the merger.

The Baker Hughes Inc.-BJ Services Co. marriage took a few more steps down the aisle this week as the companies received stockholder approval of the deal and reached an agreement with the U.S. Department of Justice (DOJ) on what assets they will need to divest before consummating the merger.

The Baker Hughes Inc.-BJ Services Co. marriage took a few more steps down the aisle this week as the companies received stockholder approval of the deal and reached an agreement with the U.S. Department of Justice (DOJ) on what assets they will need to divest before consummating the merger.

The bears’ case for lower prices in the natural gas futures market received a much-needed shot in the arm Thursday morning after the Energy Information Administration (EIA) reported that a well-below-consensus 11 Bcf was withdrawn from natural gas storage for the week ending March 12. The draw, which was exactly 100 Bcf smaller than the previous week’s report, plunged April natural gas futures values to a low of $4.054 before the contract finished Thursday’s regular session at $4.085, down 21.8 cents from Wednesday’s close.

The bears’ case for lower prices in the natural gas futures market received a much-needed shot in the arm Thursday morning after the Energy Information Administration (EIA) reported that a well-below-consensus 11 Bcf was withdrawn from natural gas storage for the week ending March 12. The draw, which was exactly 100 Bcf smaller than the previous week’s report, plunged April natural gas futures values to a low of $4.054 before the contract finished Thursday’s regular session at $4.085, down 21.8 cents from Wednesday’s close.

Southern Union Co. recently received approval from the Federal Energy Regulatory Commission to place its Trunkline LNG Infrastructure Enhancement Project (IEP) into service. IEP involved two components: the installation of four ambient air vaporization units and the construction of a natural gas liquids (NGL) extraction facility. Trunkline LNG Co. LLC in Lake Charles, LA, is the only liquefied natural gas (LNG) regasification terminal in North America to employ ambient air vaporization technology, the company said. BG LNG Services is the facility’s customer. The availability of an NGL extraction facility will provide BG with greater flexibility in sourcing its LNG supply, Southern Union said. The terminal is fully contracted to BG through 2030. IEP cost approximately $430 million, excluding capitalized interest, and is expected to generate operating income of $55-60 million per year.

Southern Union Co. recently received approval from the Federal Energy Regulatory Commission to place its Trunkline LNG Infrastructure Enhancement Project (IEP) into service. IEP involved two components: the installation of four ambient air vaporization units and the construction of a natural gas liquids (NGL) extraction facility. Trunkline LNG Co. LLC in Lake Charles, LA, is the only liquefied natural gas (LNG) regasification terminal in North America to employ ambient air vaporization technology, the company said. BG LNG Services is the facility’s customer. The availability of an NGL extraction facility will provide BG with greater flexibility in sourcing its LNG supply, Southern Union said. The terminal is fully contracted to BG through 2030. IEP cost approximately $430 million, excluding capitalized interest, and is expected to generate operating income of $55-60 million per year.

The natural gas futures market received a piece of supportive news Friday morning after the Energy Information Administration (EIA) reported that 191 Bcf had been withdrawn from storage for the week ending Feb. 5. The report was viewed as slightly bullish as most industry estimates were for a draw of approximately 180 Bcf. March natural gas futures closed Friday at $5.468, up 7.2 cents from Thursday but 4.7 cents lower than the previous week’s finish.

The natural gas futures market received a piece of supportive news Friday morning after the Energy Information Administration (EIA) reported that 191 Bcf had been withdrawn from storage for the week ending Feb. 5. The report was viewed as slightly bullish as most industry estimates were for a draw of approximately 180 Bcf. March natural gas futures closed Friday at $5.468, up 7.2 cents from Thursday but 4.7 cents lower than the previous week’s finish.