Resulting

W&T Offshore Inc. CEO Tracy W. Krohn called the April 20 explosion and sinking of Deepwater Horizon and the resulting oil spill in the Gulf of Mexico (GOM) a terrible accident and said W&T is willing to help in any way “as most companies would be in our industry.”

Continuing economic sluggishness weighted down TransCanada Corp.’s power revenues, resulting in net income of C$345 million (C50 cents/share) for 3Q2009, an 11.6% decline compared with C$390 million (C67 cents/share) in 3Q2008, the Calgary-based company said last Wednesday.

Continuing economic sluggishness weighed down TransCanada Corp.’s power revenues, resulting in net income of C$345 million (C50 cents/share) for 3Q2009, an 11.6% decline compared with C$390 million (C67 cents/share) in 3Q2008, the Calgary-based company said Wednesday.

Southern Star Central declared a force majeure event as it reduced capacity Wednesday on its Rawlins-Hesston Line due to required repairs resulting from findings of its pipeline integrity program. The reduction to 80,000 Dth/d through St. Francis Station in Cheyenne County, KS, is expected to be in effect until Friday, Southern Star said.

The current El Nino event will fade in coming months, resulting in the stormiest and coldest winter weather pattern in recent years, with an area from southern New England through the Appalachians and Mid-Atlantic, including the Carolinas, being hit hardest, according to AccuWeather.com Chief Long Range Forecaster Joe Bastardi.

A drop in U.S. natural gas prices in late August contributed to a surge in global merger and acquisition (M&A) activity in 3Q2009, resulting in 112 transactions worth almost $21 billion, according to an analysis by Houston-based PLS Inc. and Derrick Petroleum Services. North American transactions led all others.

A drop in U.S. natural gas prices in late August contributed to a surge in global merger and acquisition (M&A) activity in 3Q2009, resulting in 112 transactions worth almost $21 billion, according to an analysis by Houston-based PLS Inc. and Derrick Petroleum Services. North American transactions led all others.

As predicted, the latest spate of cold weather is proving to be short-lived, resulting in mixed price movement Thursday that was slightly weighted to the downside. Many points were less than a nickel up or down from flat.

Between 1996 and 2006, the number of compressor stations on the nation’s interstate pipeline grid increased 14.7%, resulting in a 26% increase in installed horsepower. All that new muscle was not the result of a supply push or a demand pull but rather a combination of factors, according to the Energy Information Administration (EIA).