Solutions

Dallas-based Remington Oil and Gas Corp. has set a special shareholders meeting for June 29 to approve the merger and acquisition by Helix Energy Solutions Group Inc. Helix, formerly Cal Dive International, agreed earlier this year to pay $27 in cash and provide Remington shareholders 0.436 shares of Helix for each Remington share (see Daily GPI, Jan. 24).

With a 555 kW natural gas cogeneration system as its central element, Chevron Energy Solutions Friday declared an energy efficiency success story at one of San Diego Community College District’s campuses, Miramar College, claiming 30% energy reductions and $200,000 annual fuel bill savings. The net cost of the energy services contract was $4.5 million after the college received a $555,000 rebate from the state.

Amerada Hess Corp. said it has purchased EnLine Energy Solutions’ natural gas marketing business. EnLine supplies gas to more than 200 commercial, industrial, and municipal customers in North Carolina, South Carolina, Georgia, Tennessee and Virginia. The transaction closed on Aug. 1.

A new coalition is forming to establish a “Consumers Alliance for Affordable Natural Gas,” which will be pursuing both supply and demand side solutions to the problem of increasing natural gas prices, according to spokesman Rob Marvin with Ogilvy & Mather.

A new coalition is forming to establish a “Consumers Alliance for Affordable Natural Gas,” which will be pursuing both supply and demand side solutions to the problem of increasing natural gas prices, according to spokesman Rob Marvin with Ogilvy & Mather.

California is looking at increased interstate natural gas pipeline capacity as well as the much-talked about liquefied natural gas (LNG) imports now slated for the West Coast as a means of satisfying an unabated 6 Bcf/d thirst for gas supplies, a state energy official said at the Law Seminars International conference in San Francisco on “New Directions for California Energy Markets.”

California is looking at increased interstate natural gas pipeline capacity as well as the much-talked about liquefied natural gas (LNG) imports now slated for the West Coast as a means of satisfying an unabated 6 Bcf/d thirst for gas supplies, a state energy official said Friday as part of a panel presentation at the Law Seminars International conference, “New Directions for California Energy Markets” in San Francisco.

If FERC loses a jurisdictional battle over the siting of Sound Energy Solutions’ (SES) liquefied natural gas (LNG) import terminal in Long Beach, CA, to the California Public Utility Commission (CPUC), that will spell serious trouble for all future LNG projects facing regulatory review, according to FERC Commissioner Joseph T. Kelliher. A bill was introduced in the House of Representatives last week to make sure that doesn’t happen (see related story).

With solutions underway on the regulatory, legislative and financial fronts, PG&E Corp. and its combination utility are optimistic that they will reach several key milestones by mid-year.