White

Like a great white shark looking for blood in the water, Warren Buffett’s Berkshire Hathaway Inc. (BHI) has clamped its jaws around another ailing energy asset, Seitel Inc., after agreeing to finance its voluntary bankruptcy reorganization. The transaction would give the Omaha-based holding company title to a sizeable North American-focused seismic database and increase its growing energy holdings, which now include two major natural gas pipelines.

Like a great white shark looking for blood in the water, Warren Buffett’s Berkshire Hathaway Inc. (BHI) has clamped its jaws around another ailing energy asset, Seitel Inc., after agreeing to finance its voluntary bankruptcy reorganization. The transaction would give the Omaha-based holding company title to a sizeable North American-focused seismic database and increase its growing energy holdings, which now include two major natural gas pipelines.

El Paso’s White Rock Station will be down for controls replacement April 9-27, with the #1 turbine remaining down through April 29. Bondad Station will be down for annual Department of Transportation inspections April 16. The work will cut San Juan Basin capacity by 270 MMcf/d April 9-27 and by 105 MMcf/d April 28-29. Bondad capacity will be reduced by 585 MMcf/d on April 16.

Nine northeastern states last Tuesday filed a lawsuit challenging the final version of a rule recently issued by the Environmental Protection Agency (EPA) aimed at improving its New Source Review (NSR) process related to power plant emissions, but which the states claim is the equivalent of saying “Northeast, drop dead.”

The White House Council on Environmental Quality (CEQ) announced last week 10 federal agencies have signed an agreement aimed at improving interagency coordination and cooperation in the permitting of natural gas transmission pipelines.

The White House Council on Environmental Quality (CEQ) said Wednesday 10 federal agencies have signed an agreement aimed at improving interagency coordination and cooperation in the permitting of natural gas transmission pipelines.

With the focus of the White House and Congress on terrorism, Comptroller General David M. Walker said the General Accounting Office (GAO) temporarily has put the brakes on its pursuit of information and records from Vice President Dick Cheney related to the Cabinet-level energy task force.

With the focus of the White House and Congress on terrorism, Comptroller General David M. Walker said the General Accounting Office (GAO) temporarily has put the brakes on its pursuit of information and records from Vice President Dick Cheney related to the Cabinet-level energy task force.

White Plains, NY-based Texaco, the number three energy major, achieved record second quarter income that exceeded analysts’ expectations, reporting Wednesday that it had income of $817 million, or $1.50 per share, compared with $614 million, or $1.17 per share, for the second quarter of 2000. Net income for the period was $784 million, or $1.44 per share.