Energy Transfer Partners Completes Texas Pipeline Expansion Project

Energy Transfer Partners L.P. announced the completion of the 56-mile Katy Expansion pipeline project that increases the capacity of the Partnership’s existing ETC Katy natural gas pipeline in southeast Texas by more than 400 million cubic feet per day. The 36-inch Katy Expansion project provides approximately 20,000 horsepower of compression to the... 

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Constellation Energy to Sell Downstream Gas Business

Constellation Energy announced it has reached a definitive agreement to sell its Houston-based downstream natural gas unit to Macquarie Group. Terms were not disclosed. The pending divestiture is one of several strategic initiatives the company has undertaken in recent months to reduce risk in its merchant businesses and improve liquidity through the... 

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ICE Launches Argus Gasoline and Crack Spread Swaps

Argus Media is pleased to welcome the launch of two new Argus swaps on ICE’s over-the-counter marketplace. From today, the energy industry will be able to trade and clear Argus Northwest European Gasoline Swaps and Argus Northwest European Gasoline Swap vs Brent First Line Swaps on ICE’s platform. Argus gasoline prices are the main price... 

Tethys Petroleum Limited: Cooperation Agreement Signed With “INTER RAO UES OJSC”

Tethys Petroleum Limited announced the signature of a Memorandum of Intent on Cooperation with the Russian energy company “INTER RAO UES OJSC” concerning cooperation in Kazakhstan and other parts of Central Asia. Specifically the MOI concerns Tethys and “INTER RAO UES OJSC” cooperating and negotiating in good faith as a matter... 

Border Valley Converts Fleet to Clean Fuel with ALT LNG

Applied LNG Technologies USA, LLC announced an agreement to supply liquefied natural gas (LNG) to Border Valley Trading for use in their new fleet of LNG fueled trucks used in the distribution of their feed products. Border Valley, founded with a primary goal of becoming the best export forage company in the industry, is now one of the largest exporters... 

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Entergy Gulf States Gains Regulatory Approval to Use Planalytics EnergyBuyer in Natural Gas Hedging Program

Planalytics, Inc. announced today that Entergy Gulf States, Inc. (EGS) has received approval from the Louisiana Public Service Commission to hedge a portion of its 2009-2010 winter season gas requirements using the EnergyBuyer® Service. Planalytics’ year-ahead analysis of natural gas prices enables EGS to sort through market volatility and make... 

Chesapeake Energy Corporation Announces Marcellus Shale Joint Venture and International Unconventional Natural Gas Exploration Alliance with StatoilHydro

Chesapeake Energy Corporation announced the execution of an agreement for a joint venture with StatoilHydro whereby StatoilHydro will acquire a 32.5% interest in Chesapeake’s Marcellus Shale assets in Appalachia for $3.375 billion, leaving Chesapeake with a 67.5% working interest. The assets include approximately 1.8 million net acres of leasehold,... 

Pritchard Capital Partners Hires Senior Professionals to Expand Sales and Trading Group

Pritchard Capital Partners, an energy investment bank and institutional financial services firm, announced today additional expansions to its institutional sales and trading teams with the addition of Owen Jones and John Joyce. Mr. Jones joins as a senior vice president sales trader based in the Washington, D.C., office and Mr. Joyce joins as a senior... 

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TSX Approves Zongshen PEM Power Systems Inc.’s Normal Course Issuer Bid

Zongshen PEM Power Systems Inc., announced that it has received the approval of The Toronto Stock Exchange (”TSX”) to make a Normal Course Issuer Bid (the “Bid”) to purchase through the facilities of the Exchange, from time to time, as it considers advisable, up to 3,065,211 of the issued and outstanding Common Shares (being... 

Platts Survey: October OPEC Oil Output Dropped to 32.26 Mil. Barrels Per Day

The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 32.26 million barrels per day (b/d) of crude oil in October, according to a Platts survey of OPEC and oil industry officials just released. This is a 210,000 b/d decline from the September level of 32.47 million b/d. Excluding Iraq, production from the 12... 

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