Williams

Energy Transfer Equity LP (ETE) is pushing forward with its effort to buy out Williams — in spite of turbulent energy markets and the company's resistance to a deal, ETE said late Tuesday.

Williams has hung out a shingle, seeking a potential acquirer after rejecting an unsolicited $64/share all-equity offer from Energy Transfer Equity LP (ETE).

Williams has hung out a shingle, seeking a potential acquirer after rejecting an unsolicited $64/share all-equity offer from Energy Transfer Equity LP.

The West Virginia Department of Environmental Protection (WVDEP) confirmed that at least one condensate pipeline in Marshall County was damaged during inclement weather that rolled through the region late last week, causing a spill into a nearby creek.

Management of Williams and master limited partnership (MLP) Williams Partners has cut its expectations for revenue from operations serving rich gas production. Meanwhile, it is still waiting for market commitments that would make its proposed Marcellus/Utica-focused Appalachian Connector pipeline project a go.

Williams said two recently completed expansions helped Transcontinental Gas Pipe Line Co. LLC (Transco) deliver a record amount of natural gas through its interstate pipeline system one day last week, meeting demand following a cold snap along the U.S. Eastern Seaboard.

After multiple delays, Williams Partners LP’s repaired and expanded Geismar Olefins plant in Louisiana is expected to begin manufacturing ethylene for sale next month, the company said.

Williams Partners LP’s Ohio Valley Ethane Pipeline is still out of service as the company assesses damage from a fire that broke out at a metering station on Christmas Eve in southwest Pennsylvania, a company spokeswoman confirmed Tuesday.

Williams and its pipeline unit reported that earnings in the second quarter fell 28% from a year ago amid declining natural gas liquids (NGL) and olefin margins, and the impact from yet another big delay in restarting its major plant in Geismar, LA.