Encana Corp.’s latest quarterly profits took it on the chin because of low natural gas prices, but the Calgary producer is responding with a realignment by transferring proven gas shale technology to liquids plays, advertising for partners to share costs in gassy northeast British Columbia (BC), and quietly acquiring an oily leasehold in Alberta’s Duvernay Shale.
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Northwest Territories Supports Nova Pipeline Grid Federal Supervision
TransCanada Corp. will blaze a new trail toward economic development of northern natural gas in affordable stages by transferring the Nova pipeline grid in Alberta over to federal supervision, the National Energy Board (NEB) has been told.
Northwest Territories Supports Federal Supervision of Nova Pipeline Grid
TransCanada Corp. will blaze a new trail toward economic development of northern natural gas in affordable stages by transferring the Nova pipeline grid in Alberta over to federal supervision, the National Energy Board (NEB) has been told.
Installation of Deepwater Independence Hub Complete
With installation of the Independence Hub production platform in the deepwater of the eastern Gulf of Mexico (GOM) now complete, Enterprise Products Partners LP said Thursday it is transferring control to Anadarko Petroleum Corp. as platform operator. The hub, expected to ramp up in the second half of 2007, will be capable of handling up to 1 Bcf/d, which would represent more than a 10% increase in gas deliveries from the GOM (see Daily GPI, Jan. 30).
FERC Okays Transfer of CMS Trunkline Gathering
CMS Trunkline Gas Co. has received FERC approval to abandon offshore facilities and facilities located in Texas and Louisiana, transferring them to its gathering affiliate, CMS Trunkline Field Services (CP97-83). A companion order voted out by the Commission at its regular meeting last Wednesday designated those facilities as gathering, rendering them exempt from the Commission’s jurisdiction under the Natural Gas Act (CP97-84).
FERC Okays Transfer of CMS Trunkline Gathering
CMS Trunkline Gas Co. has received FERC approval to abandon offshore facilities and facilities located in Texas and Louisiana, transferring them to its gathering affiliate, CMS Trunkline Field Services (CP97-83). A companion order voted out by the Commission at its regular meeting Wednesday designated those facilities as gathering, rendering them exempt from the Commission’s jurisdiction under the Natural Gas Act (CP97-84).