Reducing

Two transactions completed late in 2011 have helped Chesapeake Energy Corp. achieve “substantial progress” toward a goal of reducing debt by 25% by the end of this year, the company said last week.

Two transactions completed late in 2011 have helped Chesapeake Energy Corp. achieve “substantial progress” toward a goal of reducing debt by 25% by the end of this year, the company said Tuesday.

Northwest is reducing the available capacity at the Spokane Mead throughput point to 130,000 Dth/d effective Friday, saying demand in the Spokane, WA, area is not sufficient for it to schedule full design capacity at Starr Road. “This reduction is necessary to ensure operational reliability on the Spokane Lateral,” the pipeline said. “If necessary, Northwest will also cut alternate gas at other points on the lateral to maintain operational integrity. As the weather turns colder and the Spokane area can effectively burn the gas being nominated at Starr Road, Northwest will return all points on the lateral to design capacity.”

TransCanada Corp. is seeking to freeze tolls on its natural gas Mainline at current levels until its grand design for reducing the troubled system’s charges — the proposed “business and services restructuring” — can be put into practice.

TransCanada Corp. is seeking to freeze tolls on its natural gas Mainline at current levels until its grand design for reducing the troubled system’s charges — the proposed “business and services restructuring” — can be put into practice.

A progressive political advocacy group said the government of British Columbia (BC) should cap annual natural gas production and end subsidies to the industry over fears that it is expanding too rapidly at the expense of air, water and power resources.

Total SA wants to cook up some new deals in the U.S. shale patch, either through more joint ventures (JV) or on its own, a top executive said Wednesday.

Energy banker First Reserve Corp. on Tuesday said it has created a joint venture (JV) with Appalachian operator Energy Corp. of America (ECA) initially to build natural gas gathering systems in the Marcellus Shale.

ANR reported beginning engine repairs at St. John Compressor Station along its Michigan Leg South, reducing total St. John west-to-east capacity by 100 MMcf/d (leaving 1,195 MMcf/d available) through Friday. Based on current nominations, the reduction may result in curtailment of IT and Firm Secondary nominations, ANR said.