Rejected

A California state regulatory judge has rejected Pacific Gas and Electric Co.’s (PG&E) appeal of a safety staff-imposed $16.8 million fine levied in January against the combination utility company for its admitted failure to conduct natural gas pipeline leak surveys (see Daily GPI, Jan. 31).

The Commodity Futures Trading Commission (CFTC) last week narrowly rejected by a vote of 3-2 a request by two trade groups to delay implementation of the rule imposing position limits to curb speculation in the $300 trillion derivatives market.

The Commodity Futures Trading Commission (CFTC) has narrowly rejected a request by two trade groups to delay implementation of the rule imposing position limits to curb speculation in the $300 trillion derivatives market.

SemGroup Corp. has rejected a $1.24 billion takeover bid by Plains All American Pipeline LP, but Plains said it intends to continue to pursue the midstream operator. SemGroup, which emerged from bankruptcy in late 2009, purchases, sells, processes, transports and stores crude oil, natural gas, natural gas liquids, asphalt and refined products. It recently had announced plans to increase the capacity of its gas processing facilities in northern Oklahoma, and the board said the increased processing capacity and other long-term strategies offered a compelling future for its shareholders.

SemGroup Corp. on Monday soundly rejected a $1.24 billion takeover bid by Plains All American Pipeline LP, calling the offer “opportunistic” and failing to reflect the company’s “bright prospects.”

A federal court in Wyoming Friday rejected the guidance of two federal agencies limiting the use of environmental categorical exclusions to speed up the processing of oil and natural gas producers’ applications to drill (PAD) on federal lands.

FERC has “rejected outright” Dominion Cove Point LNG LP’s (DCP) interpretation of its existing tariff and proposed tariff revisions that would permit it to issue an operational flow order (OFO) requiring shippers to deliver liquefied natural gas (LNG) by tanker to its import terminal to keep the cryogenic portion of the terminal cooled.

FERC has “rejected outright” Dominion Cove Point LNG LP’s (DCP) interpretation of its existing tariff and proposed tariff revisions that would permit it to issue an operational flow order (OFO) requiring shippers to deliver liquefied natural gas (LNG) by tanker to its import terminal to keep the cryogenic portion of the terminal cooled.

FERC Thursday rejected the application of Turtle Bayou Gas Storage Co. LLC to build a salt dome gas storage facility and associated pipeline facilities northeast of Houston, TX.