Chevron Corp. would have three days to propose a counteroffer for Unocal Corp. if the Unocal board withdraws its support for the offer, according to documents filed with the Securities and Exchange Commission (SEC).
Articles from Withdraws
Intelligence Press Inc. (IP) Wednesday withdrew its request for the North American Energy Standards Board (NAESB) to take up the task of standardizing the names and definitions of natural gas pricing point locations, after a number of members of the group’s Wholesale Gas Quadrant Executive Committee objected to becoming involved in the controversial area of price reporting.
Intelligence Press Inc. (IP) Wednesday withdrew its request for the North American Energy Standards Board (NAESB) to take up the task of standardizing the names and definitions of natural gas pricing point locations, after a number of members of the group’s Wholesale Gas Quadrant Executive Committee objected to having anything to do with the controversial area of price reporting.
BC Gas said Monday that it has decided to withdraw its application for a rate hike that would have increased natural gas bills by approximately 2% in 2002. Due to a number of questions and regulatory issues relating to its pending Centra Gas BC acquisition, BC Gas CEO John Reid said it makes sense to hold back on the rate increase at this time.
Canada’s ProGas Ltd. and RDO Foods Co., based in Grand Forks,ND, have withdrawn an application for a long-term natural gasexport license, according to Canada’s National Energy Board. TheNEB said yesterday that the application had been withdrawn July 18.
A long and often contentious processes came to a close last weekin Oklahoma with an Oklahoma Corporation Commission (OCC) orderapproving a comprehensive agreement between Oklahoma Natural Gasthe OCC staff and the Oklahoma Attorney General’s office.
As part of an order approved yesterday by the OklahomaCorporation Commission (OCC), Oklahoma Natural Gas has agreed tolower its rates by $20 million and withdraw its state supreme courtappeal of a 1998 OCC order that required unbundling of its upstreamgas transportation and storage operations. The decision was part ofa comprehensive agreement signed by ONG, the OCC staff and theOklahoma Attorney General’s office, and approved by the OCC.
Enron Americas LNG Co. has withdrawn its protest alleging that Southern LNG Inc. showed preferential treatment when it awarded the entire capacity of its facility on Elba Island in Georgia, which it is seeking to reactivate, to its marketing affiliate. Since filing the protest in August, the two companies “have negotiated a commercial resolution regarding the future use of the Elba Island Terminal.” Enron LNG said it now supports Southern LNG’s bid for a preliminary determination by Dec. 31 and final approval in the first quarter of 2000 to upgrade and reactivate the mothballed terminalling facility. (See Daily GPI, Aug. 19).
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.