Sails

U.S. landlubber SandRidge Energy Inc. has taken the wind out of the sails of investors eager to take part in an initial public offering (IPO) of Dynamic Offshore Resources LLC after agreeing to buy the Gulf of Mexico (GOM) producer outright for nearly $1.28 billion.

With production exceeding its forecasts and wind in its sails, BP plc will hold a steady course through 2010 before launching a slew of new projects in 2011, CEO Tony Hayward said last week.

With production exceeding its forecasts and wind in its sails, BP plc will hold a steady course through 2010 before launching a slew of new projects in 2011, CEO Tony Hayward said Tuesday.

With production exceeding its forecasts and wind in its sails, BP plc will hold a steady course through 2010 before launching a slew of new projects in 2011, CEO Tony Hayward said Tuesday.

A temporary, albeit modest, upcoming respite from frigid conditions took the wind out of the Northeast’s recent price spike sails Tuesday, causing citygates to plunge by more than a dollar in many cases. However, small gains remained in play for most of the rest of the market as cold temperatures continued to dominate the overall weather scene.

The House last week overwhelmingly passed a long-overdue pipeline safety bill that would require natural gas pipelines to carry out inspections less frequently than what the Senate has proposed.

The House late Tuesday overwhelmingly passed a long-overdue pipeline safety bill that would require natural gas pipelines to carry out inspections less frequently than what the Senate has proposed.

The House late Tuesday overwhelmingly passed a long-overdue pipeline safety bill that would require natural gas pipelines to carry out inspections less frequently than what the Senate has proposed.

Intrastate pipeline safety legislation, which would give New Mexico authorities more oversight over lines running through the state, received unanimous support from the state’s House last week. The bill comes six months after El Paso Natural Gas Co.’s South Mainline near Carlsbad exploded killing 12 people from an extended family who were camping on the Pecos River (see NGI, Sept. 4, 2000).