In a stunning announcement late yesterday, El Paso Natural Gassaid it had reached a “mutual agreement” with Enron North AmericaCorp. to terminate the $38 million negotiated mega-deal for 1.2Bcf/d of capacity that the marketer had entered into in December.The negotiated arrangement covers three separate capacityagreements.
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NGSA’s Bush Pleads Guilty to Fraud, Tax Evasion
In a stunning move designed to send a message to otherwhite-collar criminals, a D.C. federal court judge last weekremanded Nicholas J. Bush, former president of the Natural GasSupply Association (NGSA), to a halfway house pending sentencing ontwo felony charges for embezzling $2.8 million from the producergroup. The judge took this action after Bush pleaded guilty to thecharges.
Ex-NGSA Official Pleads Guilty to Fraud, Tax Evasion
In a stunning move, a D.C. federal court judge yesterdayremanded Nicholas J. Bush, former president of the Natural GasSupply Association (NGSA), to a halfway house pending sentencing ontwo felony charges for embezzling $2.8 million from the producergroup. Bush had pleaded guilty.
Chevron Finds Whopper Well in NW Territories
With a stunning drilling success Chevron Canada Resources Ltd.has delivered a sharp reminder to skeptics about the natural gasresources north of the U.S. border.
Chevron Finds Whopper Well in NW Territories
With a stunning drilling success Chevron Canada Resources Ltd.has delivered a sharp reminder to skeptics about the natural gaspower north of the U.S. border.
Hurricane Season Packs Early Punch
Hurricane Georges continued along a path yesterday that revealeda stunning possibility that the Gulf of Mexico could be paid afifth unwelcome visit by a named storm this hurricane season,making 1998 one of the most active in recent memory. And therestill are more than two entire months left for mother nature tobrew up even more trouble. Two more tropical storms are growing inintensity right behind Georges.