PAA Natural Gas Storage Announces Agreement to Acquire Southern Pines Storage Facility

PAA Natural Gas Storage today announced that it has entered into a definitive agreement to acquire SG Resources Mississippi, LLC, (“SG Resources”). The primary asset of SG Resources is the Southern Pines Energy Center natural gas storage facility (“Southern Pines”). Total consideration is approximately $750 million. Subject to regulatory approval,... 

PostRock Announces Agreement to Sell Certain Appalachian Assets

PostRock Energy Corporation today announced that it has entered into a definitive agreement with Magnum Hunter Resources Corporation (NYSE Amex:MHR) (“MHR”) to sell certain assets in Wetzel and Lewis Counties, West Virginia for aggregate consideration of $39.75 million. The consideration for the sale will consist of 50% cash and 50% MHR... 

Spectra Energy Files FERC Application for New Jersey-New York Expansion

Spectra Energy Corp today filed an application with the Federal Energy Regulatory Commission (FERC) for the expansion of its Texas Eastern Transmission and Algonquin Gas Transmission interstate pipeline systems to transport new, critically needed natural gas supplies to high demand markets in northern New Jersey and New York City.The New Jersey-New... 

Enterprise Strengthens Eagle Ford Shale Position with Chesapeake Agreements

Enterprise Products Partners L.P. nnounced today that the partnership has entered into 10-year agreements to handle a substantial portion of Chesapeake Energy Corporation’s (NYSE:CHK – News) liquids-rich natural gas production in the Eagle Ford Shale. Chesapeake’s gross acreage position currently comprises more than 625,000 acres in and around... 

PBF Announces the Completion of the Acquisition of the Paulsboro Refinery and Related Assets

PBF Energy Company LLC today announced that its subsidiary, PBF Holding Company LLC, has completed its purchase of the Paulsboro Refining Company in Paulsboro, New Jersey from Valero Energy Corporation. The acquired assets include an 180,000 barrel per day refinery, and an associated natural gas pipeline. The purchase price is $340 million, subject... 

PG&E Responds to NTSB Report on San Bruno Accident

Pacific Gas and Electric Company (PG&E) today responded to the release by the National Transportation Safety Board (NTSB) of its second interim report on the tragic San Bruno pipeline rupture on September 9, 2010. The report documents NTSB’s progress on its meticulous investigation but draws no definitive conclusions as to the cause of the... 

Aspen Aerogels Delivers Aerogel Insulation to Technip for Subsea Natural Gas Pipeline in Brazil

Aspen Aerogels has completed delivery of Spaceloft advanced thermal insulation to Technip for a 21-kilometer subsea natural gas pipeline off the coast of Brazil. Technip is building the rigid pipeline for the Brazilian state-run oil company Petrobras. The line will connect the Canapu field (1,700 meters deep) to the Cidade de Vitoria floating production... 

GE Oil & Gas Helps National Grid Complete Inspection of NYC Gas Pipeline

GE Oil & Gas’ PII Pipeline Solutions group has helped National Grid USA complete a challenging inspection of a decades-old natural gas pipeline running under the busy streets of New York City, showcasing the heightened efforts of operators to evaluate the condition of pipelines located in high-population areas around the country. National... 

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... 

China Prosperous Clean Energy Corporation Completes Construction of First Stage of Shijiazhuang Project

China Prosperous Clean Energy Corporation, a retailer and wholesaler of compressed natural gas and liquefied petroleum gas through its subsidiaries based in China, today announced that the Company has completed the first stage of construction for natural gas distribution network for residential usage in Shijiazhuang Yuanshi County. This project has...