EQT Corp. investor Jana Partners LLC wants the producer to scrap its multi-billion dollar agreement to acquire Rice Energy Inc. and instead pursue the separation of its upstream and midstream businesses, which the hedge fund believes would create substantially more value for shareholders.
Articles from Scrap
High costs have prompted Woodside Petroleum Ltd. to scrap plans for the proposed onshore Browse LNG Development at James Price Point (JPP) in Western Australia, but the company is leaving the door open to a floating liquefied natural gas (LNG) development, among other options, to commercialize Browse Basin gas reserves.
eCorp International LLC and a property owners organization in New York have decided to scrap a “complex” plan to create a company indirectly owned by the landowners and will return to the drawing board, delaying the possibility of bringing waterless hydraulic fracturing (fracking) to the Empire State.
Removing a moratorium on new drilling in Pennsylvania state forests is not a priority, the acting secretary of the Department of Conservation and Natural Resources (DCNR) told a state Senate committee during confirmation hearings earlier this month.
An official with the American Petroleum Institute (API) decried a Senate provision to scrap job-creation tax incentives for major oil and natural gas producers, saying it would significantly slow the nation’s economic recovery (see Daily GPI, Aug. 18).
The American Gas Association (AGA) on Tuesday denounced the Bush administration’s fiscal year 2006 budget proposal that would “virtually” scrap federal research into new techniques for finding and producing natural gas at a time when tight supplies have sent prices soaring.
FERC last Thursday gave CenterPoint Energy-Mississippi River Transmission Corp. the green light to abandon 307 miles of 75-year-old pipeline facilities in northern Louisiana, Arkansas and southern Missouri.
FERC on Thursday gave CenterPoint Energy-Mississippi River Transmission Corp. the green light to abandon 307 miles of 75-year-old pipeline facilities in northern Louisiana, Arkansas and southern Missouri.