M&A

Many energy executives expect natural gas prices to remain below $3.00/MMBtu this year while renewables are expected to continue to take more market share, according to an annual survey by KPMG Global Energy Institute.

Houston-based FMC Technologies Inc., one of the leading subsea service providers in the world, as well as a surface technology provider, is merging with energy engineering and construction giant Technip, based in Paris, in a transaction valued at $13 billion.

Hostilities have climbed further in the once-friendly merger of Energy Transfer Equity LP (ETE) and the Williams Companies Inc. as the latter announced another lawsuit against its now-retreating suitor.

Hostilities have climbed further in the once-friendly merger of Energy Transfer Equity LP (ETE) and the Williams Companies Inc. as the latter announced another lawsuit against its now-retreating suitor.

Will the merger of Energy Transfer Equity (ETE) and The Williams Cos. Inc. go through? ETE says “no,” but Williams is pushing ahead, executives with each company said Thursday during first quarter earnings conference calls.

Will the merger of Energy Transfer Equity (ETE) and The Williams Cos. Inc. go through? ETE says “no,” but Williams is pushing ahead, executives with each company said Thursday during first quarter earnings conference calls.

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.

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.

Low natural gas prices and producer pullbacks have Enbridge Energy Partners LP (EEP) rethinking the future of its natural gas business.