Spurned

U.S. Shale Boom Attracts Foreign Chemical, Service Firms

Although many of its nations have so far spurned their own shale development, European chemical and energy service companies are benefiting from the U.S. shale gas development and the resulting low natural gas prices on this side of the Pond, according to an American Chemistry Council (ACC) economist.

December 11, 2012

TransCanada: Keystone Shippers Will Stay

As TransCanada Corp. pursues various parts of the spurned Keystone XL oil pipeline project, shippers who hold long-term firm contracts equating to 850,000 b/d are continuing to stick with the C$7 billion, 1,700-mile pipeline project, TransCanada CEO Russ Girling told an institutional investment conference in British Columbia (BC) Thursday.

January 23, 2012

Shippers to Stick with Keystone XL, TransCanada CEO Says

As TransCanada Corp. pursues various parts of the spurned Keystone XL oil pipeline project, shippers who hold long-term firm contracts equating to 850,000 b/d are continuing to stick with the C$7 billion, 1,700-mile pipeline project, TransCanada CEO Russ Girling told an institutional investment conference in British Columbia (BC) Thursday.

January 23, 2012

Keystone Delayed, Not Discarded, Says CEO

TransCanada Corp. plans to continue to pursue various routes for the spurned Keystone XL oil pipeline project, and shippers holding long-term firm contracts equating to 850,000 b/d also plan to stick with the C$7 billion, 1,700-mile pipeline project, CEO Russ Girling said Thursday.

January 23, 2012

NRG to Exelon: Go Fish, With More Bait

NRG Energy Inc. management last week spurned a sweetened all-stock merger offer from Exelon Corp. but told the company that if it tries harder, it might succeed. Several financial analysts sided with NRG, which would seem to give the ball back to Exelon, even though the company said its latest offer was “final.”

July 13, 2009

Alberta, British Columbia Juice Up Incentives to Entice Producers

Spurned by producers that found better business conditions in neighboring provinces, Alberta officials Tuesday made a dramatic effort to entice the energy sector to return by offering a bundle of lucrative tax credits. Alberta’s efforts followed one by British Columbia (BC), which last week increased the amount of natural gas and oil royalty credits available to producers to encourage infrastructure development.

March 9, 2009

Alberta Uses Drilling Incentives to Boost Production

Spurned by producers that found better business conditions in neighboring provinces, Alberta officials Tuesday made a dramatic effort to entice the energy sector to return by offering a bundle of lucrative tax credits.

March 5, 2009

Calpine Rejects Marriage Proposal; NRG Undaunted

San Jose, CA-based Calpine Corp. Friday spurned the $11 billion marriage proposal from Princeton, NJ-based NRG Energy Inc., but the eastern independent power plant operator indicated it would not give up trying to link up with its western-based equivalent. Calpine said NRG’s offer is “inadequate and materially undervalues” its asset portfolio of late-model natural gas-fired plants and the nation’s largest geothermal power fleet.

June 2, 2008

Long Beach LNG Sponsors Seek Court, FERC Action

Spurned last month by a harbor commission board that refused to complete several years of environmental review work, the sponsors of the proposed liquefied natural gas (LNG) receiving terminal in Long Beach (CA) harbor Thursday asked a state Superior Court in Los Angeles to force the port to complete the job it took on jointly with FERC more than three years ago.

February 12, 2007

Mirant Sues NRG Over Rejection of $8B Unsolicited Offer

Spurned but not passive, Atlanta-based Mirant Corp. Wednesday sued NRG Energy, Inc., the company it covets, for rejecting what is being described as an $8 billion takeover bid.

June 1, 2006
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