Town

Houston-based Plains Exploration & Production Co. (PXP) built its emerging domestic natural gas position and nearly doubled its production with an agreement to buy cross-town independent Pogo Producing Co. in a stock and cash transaction valued at $3.6 billion.

While Montana’s Public Service Commission (PSC) turned down its $2.2 billion bid for NorthWestern Energy (see Daily GPI, May 24) and the state’s governor later told it to get out of town, Australia’s Babcock & Brown Infrastructure (BBI) is going back to the PSC with a revised offer for South Dakota-based gas and electric utility NorthWestern, the companies said Monday.

The permitting and supply and pipeline contracting for the Quoddy Bay liquefied natural gas (LNG) terminal in Town of Perry, ME, has given its backers a chicken-or-the-egg conundrum, according to Project Manager Brian Smith.

The permitting and supply and pipeline contracting for the Quoddy Bay liquefied natural gas (LNG) terminal in Town of Perry, ME, has given its backers a chicken-or-the-egg conundrum, according to Project Manager Brian Smith.

The Chicago Mercantile Exchange (CME) reported Tuesday that it will acquire cross-town competitor Chicago Board of Trade (CBOT) in an $8 billion transaction that will form a $25 billion global derivatives exchange. The combined company, to be named CME Group Inc., a CME/Chicago Board of Trade company, could transform global derivatives markets and put pressure on competing exchanges. The CME said corporate headquarters of the combined organization will remain in Chicago.

Alaskan voters last Tuesday gifted the oil and gas industry with a Republican governor and defeat of a controversial tax on natural gas reserves.

Alaskan voters Tuesday gifted the oil and gas industry with a Republican governor and defeat of a controversial tax on natural gas reserves.

The Chicago Mercantile Exchange (CME) reported last week that it will acquire cross-town competitor Chicago Board of Trade (CBOT) in an $8 billion transaction that will form a $25 billion global derivatives exchange. The combined company, to be named CME Group Inc., a CME/Chicago Board of Trade company, could transform global derivatives markets and put pressure on competing exchanges. The CME said corporate headquarters of the combined organization will remain in Chicago.

Elected officials in the historic town of Astoria, OR, with slightly less than 10,000 population and a legacy as the first permanent U.S. settlement west of the Rockies, voted last month to intervene at FERC in the proposed liquefied natural gas (LNG) terminal project slated for Bradwood Landing. The Astoria City Council voted 4-0 in a special meeting last Thursday to take the action Earlier in the week elected officials in a neighboring city and Clatsop County also took similar action.