Repsol

In an escalating dispute at FERC, Maritimes & Northeast Pipeline LLP (M&NE) responded to a motion to intervene and protest filed last week by Repsol Energy North America Corp. over the pipeline company’s proposal to revise its tariffs.

Repsol Energy North America Corp., the largest shipper on Maritimes & Northeast Pipeline LLP (M&NE), filed a motion to intervene and protest with FERC last week after M&NE proposed several tariff revisions.

Repsol is divesting a portion of its stake in the Eagle Ford Shale in an asset swap with Norway’s Statoil in which the former will acquire a 15% stake in a Norwegian field.

Repsol SA is buying Talisman Energy Inc. for $8.3 billion — $13 billion including debt — handing the Spanish-based operator a global portfolio that includes substantial North American unconventional targets in Canada, as well as the Eagle Ford and Marcellus shales.

Spain’s Repsol SA, which has been prowling for assets for the past three years to boost its flagging oil and gas reserves, on Tuesday agreed to buy Calgary’s Talisman Energy Inc., boosting output by 76% and establishing the operator as one of the top 15 producers in the world.

Both the overall number of liquefied natural gas (LNG) export projects that ultimately are built and the total volumes of LNG exported may be significantly less than once projected for the United States, experts said Tuesday at the LDC Gas Forum Mid-Continent in Chicago.

Caballo Energy LLC is building a cryogenic gas processing plant to serve expanding production in the liquids-rich Mississippian Lime and Cana Woodford Shale plays.

Canaport LNG LP, the partnership of Repsol YPF and Irving Oil, plans to construct a third 160,000 cubic meter liquefied natural gas (LNG) storage tank alongside its two existing tanks in St. John, NB. The Canaport LNG project, including procurement, engineering and construction, is 46% complete and scheduled to be in operation in late 2008. The third LNG tank was originally approved by the provincial and federal governments under the environmental impact assessment completed on the project in August 2004 and will meet or exceed all international and Canadian standards for safety, the company said. Like the two existing full-containment tanks currently under construction, the third tank will consist of an inner tank made of high-performance 9% nickel steel and an outer tank made of advanced concrete. At commissioning, the terminal will have a sendout capacity of 1 Bcf/d with a peak capacity of 1.2 Bcf/d and could be expanded to 2 Bcf/d.

Canaport LNG LP, the partnership of Repsol YPF and Irving Oil, plans to construct a third 160,000 cubic meter liquefied natural gas (LNG) storage tank alongside its two existing tanks in St. John, NB, the company said Thursday.