Solutions

Online energy exchange World Energy Solutions Inc. made a deal last week to pay $5 million in cash and offer 5.375 million of its shares to buy privately held EnergyGateway LLC, which brokers natural gas and electricity online for commercial and industrial (C&I) consumers in the United States.

Online energy exchange World Energy Solutions Inc. said Thursday it will pay $5 million in cash and 5.375 million of its shares to buy privately held EnergyGateway LLC, which brokers natural gas and electricity online for commercial and industrial (C&I) consumers in the United States.

Jacob Dweck, a lawyer and principal with the LNG Solutions Group, would rather not describe gas quality/interchangeability issues as a “hurdle” for liquefied natural gas (LNG) developers, utilities and end-users, but rather as an opportunity.

Jacob Dweck, a lawyer and principal with the LNG Solutions Group, would rather not describe gas quality/interchangeability issues as a “hurdle” for liquefied natural gas (LNG) developers, utilities and end-users, but rather as an opportunity.

The U.S. natural gas market continues to be the “nation’s silent energy crisis,” but The Dow Chemical Co. has been “anything but silent…and is pounding the pavement” to seek solutions to dwindling domestic supply and increasing demand, John Dearborn, Dow’s vice president of energy, said last week.

The U.S. natural gas market continues to be the “nation’s silent energy crisis,” but The Dow Chemical Co. has been “anything but silent…and is pounding the pavement” to seek solutions to dwindling domestic supply and increasing demand, John Dearborn, Dow’s vice president of energy, said Tuesday.

A Helix Energy Solutions subsidiary last week acquired the Typhoon, Boris and Little Burn oil and gas fields located in the Green Canyon blocks of the Gulf of Mexico from Chevron U.S.A. Inc., BHP Billiton and Noble Energy Inc. for an undisclosed amount. The massive Typhoon tension leg platform, which will be rebuilt by Helix subsidiary Energy Resource Technology Inc. (ERT), has been shut-in since before it was turned upside down during Hurricane Rita last September (see NGI, Oct. 3, 2005).

A Helix Energy Solutions subsidiary has acquired a 100% working interest in the Typhoon, Boris and Little Burn oil and gas fields located in the Green Canyon blocks of the Gulf of Mexico from Chevron U.S.A. Inc., BHP Billiton and Noble Energy Inc. for an undisclosed amount. The massive Typhoon tension leg platform, which will be rebuilt by Helix subsidiary Energy Resource Technology Inc. (ERT), has been shut-in since before it was turned upside down during Hurricane Rita last September (see Daily GPI, Sept. 27, 2005).

Helix Energy Solutions Group Inc. on Monday upped its earnings guidance 23% for the year after completing its $1.4 billion acquisition of Remington Oil & Gas. Helix, also citing strength in its contracting services businesses, now expects earnings of $3.20-3.70/share in 2006. On May 2, the company forecast 2006 earnings of $2.70-3.30.