Spectra Energy Corp. has received approval from the Federal Energy Regulatory Commission to begin construction on the New Jersey-New York Expansion Project, a 20-mile expansion of the Texas Eastern Transmission and Algonquin Gas Transmission interstate pipeline systems, which would provide an additional 800 MMcf/d of transportation capacity into the region. The Commission approved the project, which is to begin service in late 2013, in May (see NGI, May 28). Spectra has to implement an archaeological monitoring plan for the Big Inch and Little Big Inch pipelines, among other requirements.
York
Articles from York
UGI Switches to LNG for Marcellus Rigs, Infrastructure
Pennsylvania midstream operator UGI Energy Services Inc. on Wednesday launched plans to replace the diesel now powering its Marcellus Shale drilling fleet with liquefied natural gas (LNG). UGI’s plan mirrors a pilot initiated by EQT Corp. earlier this month to convert its Marcellus diesel rigs (see Shale Daily, July 6).
July 13, 2012
Voyager, Emerald Combo Strengthens Rockies Unconventional Focus
Denver-based explorer Voyager Oil & Gas Inc. on Tuesday agreed to buy a unit of Australia’s Emerald Oil & Gas NL in a deal that would create a U.S.-based Rocky Mountains operator focused on established and emerging unconventional oil and natural gas plays.
July 11, 2012
Compton Cites Low Natural Gas Prices in Sale
Canadian natural gas explorer Compton Petroleum Corp. on Monday agreed to a C$33 million friendly takeover bid by New York-based MFC Industrial Ltd., a global commodities trader.
July 10, 2012
Marcellus-to-Midwest Project Mulled by Texas Eastern
Spectra Energy’s Texas Eastern Transmission LP is holding a nonbinding open season through July 31 for firm capacity on its Uniontown to Gas City (U2GC) Expansion Project, which offers shippers a new firm path from the Marcellus Shale in west Uniontown, PA, to the pipeline’s existing interconnect with Panhandle Eastern Pipeline near Gas City, IN.
July 9, 2012
CME Group Fines Whiteside Energy, Trader for Disrupting Trading
CME Group Inc., which owns the New York Mercantile Exchange (Nymex), has fined Houston-based Whiteside Energy LP $225,000 after one of its traders left an automatic trade execution system (ATES) operating unattended, causing disruption in the natural gas futures market.
July 5, 2012
Tillerson: At $2.50, The Price is Wrong
ExxonMobil Corp. CEO Rex Tillerson gave a New York City audience a glimpse of natural gas producers’ empty pockets during an exchange about gas prices following a speech he gave to the Council on Foreign Relations last Wednesday.
July 2, 2012
Tillerson: The Price Is Wrong; It’s Not $2.50
ExxonMobil Corp. CEO Rex Tillerson gave a New York City audience a glimpse of natural gas producers’ empty pockets during an exchange about gas prices following a speech he gave to the Council on Foreign Relations Wednesday.
June 29, 2012
Statoil Advancing U.S. Shales, Dipping Into Australia
Shale and tight oil plays are key components of the North American portfolio of Norway’s Statoil ASA, executives told investors in New York City Wednesday. The company also has announced a farm-in agreement that gives it early entry into an Australian shale play.
June 21, 2012
Nymex Penalizes Oil, Gas Traders for Fraudulent Activities
The New York Mercantile Exchange (Nymex) has taken disciplinary action against and penalized two exchange members and one non-member for fraudulent trading of natural gas and oil futures.
June 19, 2012
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