Williams

Briefs — Sabine Pass, Southern-AGL, Energy Transfer-Williams

Following the completion of commissioning demonstration tests, Sabine Pass Liquefaction LLC and Sabine Pass LNG LP asked FERC for authorization to place into service the liquefied natural gas (LNG) export terminal’s Train 1 facilities. More than a half-dozen commissioning cargoes have left the first train of the Cheniere Energy Louisiana terminal to date (see Daily GPI,April 29). Last Friday the Cheniere companies asked the Federal Energy Regulatory Commission to allow certain Train 1 facilities to enter commercial service by Tuesday (May 3). “Pending approval from FERC, Sabine could begin commercial operations at Train 1,” Genscape Inc. said in a note. The facility’s first train has contracts to supply Royal Dutch Shell/BG Group, Kansai Electric Power Co., and Chubu Electric Power Co., Genscape said.

May 4, 2016

Briefs — Sabine Pass, Southern-AGL, Energy Transfer-Williams

Following the completion of commissioning demonstration tests, Sabine Pass Liquefaction LLC and Sabine Pass LNG LP asked FERC for authorization to place into service the liquefied natural gas (LNG) export terminal’s Train 1 facilities. More than a half-dozen commissioning cargoes have left the first train of the Cheniere Energy Louisiana terminal to date (see Daily GPI,April 29). Last Friday the Cheniere companies asked the Federal Energy Regulatory Commission to allow certain Train 1 facilities to enter commercial service by Tuesday (May 3). “Pending approval from FERC, Sabine could begin commercial operations at Train 1,” Genscape Inc. said in a note. The facility’s first train has contracts to supply Royal Dutch Shell/BG Group, Kansai Electric Power Co., and Chubu Electric Power Co., Genscape said.

May 4, 2016
Energy Transfer Fires Another ‘Bullet’ at Williams Deal

Energy Transfer Fires Another ‘Bullet’ at Williams Deal

The outlook for the merger of Energy Transfer Equity LP (ETE) and The Williams Companies Inc. dimmed further this week as favorable tax treatment of ETE units and Williams shares was cast into doubt in an ETE regulatory filing.

April 20, 2016
Energy Transfer Fires Another ‘Bullet’ at Williams Deal

Energy Transfer Fires Another ‘Bullet’ at Williams Deal

The outlook for the merger of Energy Transfer Equity LP (ETE) and The Williams Companies Inc. dimmed further this week as favorable tax treatment of ETE units and Williams shares was cast into doubt in an ETE regulatory filing.

April 20, 2016

NOV Expecting 1Q Revenue to Slump 20% Sequentially

National Oilwell Varco Inc. (NOV) expects first quarter revenues to be down 20% sequentially as market conditions continued to deteriorate from the fourth quarter. The company also reduced its quarterly dividend to 5 cents/share.

April 11, 2016

NOV Expecting 1Q Revenue to Slump 20% Sequentially

National Oilwell Varco Inc. (NOV) expects first quarter revenues to be down 20% sequentially as market conditions continued to deteriorate from the fourth quarter. The company also reduced its quarterly dividend to 5 cents/share.

April 11, 2016

Williams Unit Opens 15,000 b/d Liquids Byproducts Extraction Plant in Alberta

Canada’s chief fossil fuel producer province has moved closer to fulfilling ambitions of winning a role in the forecast North American petrochemical renaissance, thanks to an Oklahoma specialty firm in gas processing and transportation.

March 28, 2016

Energy Transfer-Williams Combo Benefit Withered by Market Turmoil

The proposed buyout of The Williams Companies (WMB) by Energy Transfer Equity LP (ETE) stumbled again Wednesday when ETE disclosed in a regulatory filing substantially lower expected benefits from combining the companies, due to the collapse in oil and natural gas prices.

March 24, 2016

EPA Fines Williams For 2015 Pipeline Rupture in West Virginia

The U.S. Environmental Protection Agency (EPA) has collected a $14,440 fine from Williams Ohio Valley Midstream for a violation of the federal Clean Water Act after a four-inch diameter pipeline ruptured in its natural gas gathering and processing system in Marshall County, WV.

March 24, 2016

Ex-Energy Transfer CFO Sues for Breach of Contract

Former Energy Transfer Equity LP (ETE) CFO Jamie Welch is suing his old company for breach of contract, asserting in a court filing that, among other things, the master limited partnership provided “no reasonable explanation for his termination” and that his ouster “was motivated by an agenda unrelated to Mr. Welch’s performance.”

March 14, 2016
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