Shelved

The Potomac-Appalachian Transmission Highline (PATH), a 765-kV electric transmission project planned to run between West Virginia and Frederick, MD, has been shelved in the wake of a PJM Interconnection analysis, which cited “the outlook for a slower economic recovery.”

Royal Dutch Shell plc has shelved plans to drill in Alaska’s offshore this year but hopes to restart the long-delayed project in 2012, CEO Peter Voser said Thursday.

Royal Dutch Shell plc has shelved plans to drill in Alaska’s offshore this year but hopes to restart the long-delayed project in 2012, CEO Peter Voser said Thursday.

Citing the current economic depression, Marathon Oil Corp. said it plans to continue its focus on noncore asset sales and has shelved its plans to divide its operations into two separate entities. Following the absorption of a noncash $1.4 billion impairment of goodwill related to its Oil Sands Mining segment, Marathon reported a 4Q2008 net loss of $41 million, or minus 6 cent/share, compared with net income in 4Q2007 of $668 million, or 94 cents/share.

In a plan that sounds similar to the shelved Picacho Pipeline proposal, Casper, WY-based Western Energy LLC said it plans to construct a $2.6 billion, 1 Bcf/d natural gas pipeline that would run from the Waha Hub in West Texas through New Mexico and Arizona, ending at the Colorado River.

In a plan that sounds similar to the shelved Picacho Pipeline proposal, Casper, WY-based Western Energy LLC said this week it plans to construct a $2.6 billion, 1 Bcf/d natural gas pipeline that would run from the Waha Hub in West Texas through New Mexico and Arizona and ending at the Colorado River.

Chevron Corp. has shelved plans to sell its natural gas storage operations in British Columbia because the offered bids didn’t match the asset’s worth, the oil major said.

Calgary-based AltaGas Income Trust and Devon Canada Corp. have shelved plans to develop the Noel natural gas pipeline and Pouce Coupe sour gas facility expansion project because of a market slowdown. The projects were announced earlier this year.

WestPac LNG Corp. of Calgary has shelved its plans for a terminal in Prince Rupert, BC (see NGI, June 12, 2006), opting instead for a more economic C$2 billion combined liquefied natural gas (LNG) terminal and gas-fired 600 MW power plant, the company said last week in Vancouver.