The mega-merger candidates in the production industry face anuphill battle in California, according to the state’s attorneygeneral, who promised close scrutiny of their transactions lastweek. With a new study on the causes of a gasoline price spikesthis summer in hand, Attorney General Bill Lockyer said there’s adistinct lack of oil industry competition in the state.
Vows
Articles from Vows
CA AG Vows Closer Scrutiny of Mergers
Improving crude oil market conditions usually are accompanied byincreasing political scrutiny into rising prices. A good example ofthat is occurring in California where Attorney General Bill Lockyerhas vowed to probe deeply into the mergers of major oil and gasproducers following a report that shows consolidation is one of thereasons California has experienced some of the highest gasolineprice spikes in the nation.
November 23, 1999
North Atlantic Withdraws But Vows to Return
Conceding defeat – at least temporarily – North AtlanticPipeline Partners withdrew from FERC its application to build amassive 575-mile subsea pipeline system to carry initially 2 Bcf/dof gas from the Scotian Shelf offshore Nova Scotia to markets inAtlantic Canada and New England.
January 18, 1999
Millennium Vows to Meet Nov. 2000 In-Service Date
The FERC staff has indicated it may not be able to finish itsenvironmental review of the proposed New York-bound MillenniumPipeline in time for the Commission to issue a final certificate byJune 1, 1999, as the pipeline has requested. But even if this turnsout to be the case, project sponsor Columbia Gas Transmission saysit still intends to meet the planned in-service date of Nov. 1,2000. That would coincide with the start-up date for the AlliancePipeline.
November 23, 1998
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
