Struggling

Crown Landing LNG Bows to Market Forces

The backers of the Crown Landing LLC liquefied natural gas (LNG) terminal, proposed for the Delaware River in Gloucester County, NJ, have thrown in the towel after struggling to advance the project in a world of booming domestic gas supplies and increasing thirst for LNG abroad.

January 10, 2012

Survey: Pennsylvanians See Drilling’s Upside

Pennsylvanians believe that the benefits of natural gas drilling in the state’s shale plays outweigh any potential problems, but want the state to impose an extraction tax and require the disclosure of chemicals used by drillers, according to the results of a survey by the Muhlenberg Institute of Public Opinion and the University of Michigan’s Center for Local, State and Urban Policy.

November 22, 2011

Blackstone Buying Former Gas Market Pioneer Dynegy

Struggling independent power producer Dynegy Inc. — which had transitioned from its early days as the Natural Gas Clearinghouse, one of the first large natural gas marketers — is being bought out by an affiliate of private equity behemoth The Blackstone Group LP for $4.7 billion ($542.7 million cash and the rest acquired debt).

August 16, 2010

Blackstone Buying IPP Dynegy, A Gas Marketing Pioneer

Struggling independent power producer (IPP) Dynegy Inc. — which had transitioned from its early days as the Natural Gas Clearinghouse, one of the first large natural gas marketers — is being bought out by an affiliate of private equity behemoth The Blackstone Group LP for $4.7 billion ($542.7 million cash and the rest acquired debt).

August 16, 2010

California Weighs Energy Tax for Education

Facing multi-billion-dollar budget shortfalls, the California legislature has warmed up an old proposal to levy a severance tax on oil and gas production to fund the state’s struggling higher education system. The measure, Assembly Bill 656 (AB 656), was voted out of the lower house Revenue and Taxation Committee last week with a “pass as amended” recommendation, sending the proposal to the Appropriations Committee.

January 18, 2010

California Lawmakers Consider Oil/Gas Tax for Education

Facing multi-billion-dollar budget shortfalls, the California legislature has warmed up an old proposal to levy a severance tax on oil and gas production to fund the state’s struggling higher education system. The measure, Assembly Bill 656 (AB 656), was voted out of the lower house Revenue and Taxation Committee Monday with a “pass as amended” recommendation, sending the proposal to the Appropriations Committee.

January 13, 2010

TXCO Files for Chapter 11

TXCO Resources Inc., which has been struggling to remain afloat for months, on Monday filed for voluntary bankruptcy under Chapter 11. The filing, said the independent, was “precipitated by a series of events that led to a contraction” in liquidity.

May 19, 2009

Citi to Retain Gas, Power Trading in Houston

Citigroup’s natural gas and power trading operations are to remain in Houston following completion of a reorganization intended to bolster the struggling banking giant, which has been rocked by the Wall Street crisis.

January 26, 2009

Citi to Retain Gas, Power Trading in Houston

Citigroup’s natural gas and power trading operations are to remain in Houston following completion of a reorganization intended to bolster the struggling banking giant, which has been rocked by the Wall Street crisis.

January 21, 2009

Cheniere Energy Closes $250M Financing

A capital infusion — the announcement of which last week lifted Cheniere Energy Inc. shares more than 50% — has closed, the struggling liquefied natural gas (LNG) terminal developer said Monday.

August 19, 2008
‹ Previous 1 2 3 5