Facing an ongoing battle with Alberta regulators over the impact of its gas production on oilsands recovery, Paramount Energy Trust continued to expand its operations outside Alberta Wednesday with a C$148 million purchase of Cavell Energy Corp. The deal increases Paramount’s daily natural gas production by 21% to 110 MMcfe/d, is accretive to cash flow and expands the company’s operations into Saskatchewan.
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Articles from Shopping
Entergy Still Shopping for Assets, But Waiting on Better Valuations
Entergy Corp. remains on the prowl for energy-related assets to buy, a top official with the utility said last week, but it remains frustrated with the asking price for those assets. Echoing comments recently made by another utility executive, Entergy CEO Wayne Leonard said that the recent wave of generator bankruptcies may result in more realistic prices for such things as power plants.
September 22, 2003
Centrica Scores Million More North American Customers with Atco Purchase
British energy giant Centrica plc continued its shopping spree in North America Tuesday, announcing it will pay C$128.5 million to purchase the natural gas and power businesses of Atco Ltd., which serves one million Alberta customers.
December 16, 2002
Centrica Scores Million North American Customers with Atco Purchase
British energy giant Centrica plc continued its shopping spree in North America Tuesday, announcing it will pay C$128.5 million to purchase the natural gas and power businesses of Atco Ltd., which serves one million Alberta customers.
December 11, 2002
Kinder Morgan Adds Tejas Gas To Christmas List
Kinder Morgan Energy Partners LP (KMP) added the massive eastern Texas pipeline system of Tejas Gas LLC to its shopping cart this Christmas. The company said it’s buying Tejas, a wholly owned subsidiary of InterGen (North America) Inc. — which is a joint venture of Royal Dutch Shell and Bechtel — for $750 million in cash, or “a little less than eight times the [annual] EBITDA of the system,” according to CEO Richard Kinder.
December 24, 2001
Kinder Morgan Adds Tejas Gas To Christmas List
Kinder Morgan Energy Partners LP (KMP) added the massive eastern Texas pipeline system of Tejas Gas LLC to its shopping cart this Christmas. The company said it’s buying Tejas, a wholly owned subsidiary of InterGen (North America) Inc. — which is a joint venture of Royal Dutch Shell and Bechtel — for $750 million in cash, or “a little less than eight times the [annual] EBITDA of the system,” according to CEO Richard Kinder.
December 18, 2001
CA Power Buying Agency Shops for Natural Gas, Too
As part of its 53 long-term electricity contracts, California’s Department of Water Resources (DWR) is shopping for a portfolio of natural gas supplies of various duration to use in about half the deals that give the state the option of providing its own fuel supplies when it can beat prevailing market rates used by its power suppliers.
August 27, 2001
CA Power Buying Agency Shops for Natural Gas, Too
As part of its 53 long-term electricity contracts, California’s Department of Water Resources (DWR) is shopping for a portfolio of natural gas supplies of various duration to use in about half the deals that give the state the option of providing its own fuel supplies when it can beat prevailing market rates used by its power suppliers.
August 22, 2001
Calpine Goes Shopping for Turbines, Completes Encal Merger
Calpine announced it will purchase 35 model 7FB and 11 model 7FA gas-fired turbines from GE Power Systems, bringing its total order currently to 203 turbines, which when operated in a combined-cycle application represents 50,000 MW of baseload capacity.
April 23, 2001
Calpine Goes Shopping for Turbines, Completes Encal Merger
Calpine announced it will purchase 35 model 7FB and 11 model 7FA gas-fired turbines from GE Power Systems, bringing its total order currently to 203 turbines, which when operated in a combined-cycle application represents 50,000 MW of baseload capacity.
April 20, 2001
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