Resolved

TGT said Thursday it had resolved the severe weather problems that caused intermittent losses of land-line phone service, no cell phone service and connectivity issues with its GasQuest nominations system. However, its Owensboro, KY office was closed for a second day as a county state of emergency remained in effect, a spokesman said. A security office for Southern Star Central, which is also headquartered in Owensboro, said that pipeline’s office also was forced to close Wednesday by the winter storm and remained closed Thursday except for essential personnel.

CenterPoint said it has resolved a Line O failure and shippers are no longer under operational alert No. 697.

A pipeline to move gas from the North Slope to Lower 48 markets is “key to Alaska’s future” and “an issue all Alaskans want resolved,” Gov. Frank Murkowski told a joint session of the state’s legislature Wednesday.

June natural gas futures on Tuesday wavered on price direction in early trading, but finally resolved to trade somewhat higher. After notching a low of $6.600 just after 11 a.m. EDT, the prompt month inched upward in the afternoon to record a high of $6.870 before closing at $6.746, up 5.1 cents on the day.

Outgoing Sempra Energy CEO Steve Baum said he expects to have the bulk of the energy crisis-spawned litigation facing the company resolved in settlements by the time he retires in January next year.

California regulators and FERC have quietly resolved their nearly 20-month long dispute over who has “exclusive jurisdiction” over a planned liquefied natural gas (LNG) terminal for the Port of Long Beach, CA.

The Federal Trade Commission (FTC) on Friday approved ChevronTexaco Corp.’s acquisition of Unocal Corp. after a long-running FTC complaint against Unocal was resolved under two consent agreements. ChevronTexaco announced in April it would buy Unocal for $16 billion in a cash and stock deal, plus assume nearly $2 billion in debt (see NGI, April 11).

The Federal Trade Commission (FTC) on Friday approved Chevron Corp.’s acqusition of Unocal Corp. after a long-running FTC complaint against Unocal was resolved. Chevron announced in April it would buy Unocal for $16 billion in a cash and stock deal, plus assume nearly $2 billion in debt (see Daily GPI, April 5).

The money will be there when the Canadian arctic natural gas project decides to go ahead with construction, the sponsors have learned. “Interest from the banks at the moment is amazing,” said Bob Reid, president of the Aboriginal Pipeline Group (APG), which has a one-third interest in the proposed Mackenzie Valley route.