Replace

Tennessee said it was required to take line section 13-3 to 14-3 of the 100 Line in South Texas out of service Saturday morning to replace pipe at four sites that were identified as needing immediate anomaly remediation. The section is expected to return to service by the end of the Aug. 25 gas day. Three meters will be shut in for the duration of the outage. In addition, this work will limit the throughput capacity of Station 17 (East Bernard, TX) and potentially restrictions through a pro rata portion of Secondary Out of the Path nominations through the station may become necessary, Tennessee said.

Tennessee said it will have to shut in the 526A-100 Line as soon as possible in order to replace a valve on the Scofield platform near Port Sulphur, LA. Equipment and personnel are anticipated to arrive at the site Wednesday, and Tennessee is estimating that it will take five days for repair completion. Physical flow will be suspended at 32 meters from Wednesday through Aug. 1, Tennessee said. Travel time for work boats and crew mobilizations prompted the pipeline to add a few extra shut-in days for contingency purposes, a spokesman said.

The integrated majors’ strong cash flows appear unstoppable for now, but their prosperity belies formidable challenges to replace their reserves, grow their production and control costs, Moody’s Investors Service reported last week.

The integrated majors’ strong cash flows appear unstoppable for now, but their prosperity belies formidable challenges to replace their reserves, grow their production and control costs, Moody’s Investors Service reported Wednesday.

Alaska Gov. Sarah Palin last week released a draft bill that would replace the state’s Petroleum Profits Tax (PPT) with a new production tax — called Alaska’s Clear and Equitable Share (ACES). Most notably, the bill would boost taxes on oil production for the second straight year.

Alaska Gov. Sarah Palin this week released a draft bill that would replace the state’s Petroleum Profits Tax (PPT) with a new production tax — called Alaska’s Clear and Equitable Share (ACES). Most notably, the bill would boost taxes on oil production for the second straight year.

Walter Cruickshank, deputy director of the Department of Interior’s Minerals Management Service (MMS), was tapped to take over the top spot to replace Johnnie Burton, who resigned last month (see Daily GPI, May 9).

Walter Cruickshank, deputy director of the Department of Interior’s Minerals Management Service (MMS), was tapped to take over the top spot to replace Johnnie Burton, who resigned last month (see NGI, May 14).

The continuing decline of heating load in North America, coupled with a lack of substantive cooling load to replace it, caught up with the cash market Thursday and caused moderate price drops at most points. Rockies points took the biggest hits by far, with Northwest-domestic and Opal recording dollar-plus plunges.