Brookside Storage LLC Announces Nonbinding Open Season for Brookside Gas Storage Project

Brookside Storage LLC announced a nonbinding open season for storage services at its intrastate natural gas storage facility in Anderson County, Texas. Brookside is currently constructing the first of two solution-mined salt caverns that will provide 10 Bcf each of working gas storage capacity which have been approved for construction and operation... 

Kitimat LNG Obtains Environmental Approvals, Signs Agreement With Mitsubishi Corporation for LNG Terminal

Kitimat LNG Inc. and Mitsubishi Corporation announced that they have signed a Heads of Agreement under which Mitsubishi will acquire terminal capacity and an equity stake in Kitimat LNG’s proposed liquefied natural gas (LNG) export terminal. The Heads of Agreement sets forth the terms, pursuant to which Mitsubishi will commit to purchase 1.5 million... 

China New Energy to Acquire Remaining Interest in Qinhuangdao Chensheng Gas Co., Ltd.

China New Energy Group Company, a leading energy project developer specializing in the development of natural gas distribution networks, and distribution of natural gas in China, today announced that it has entered into an agreement to acquire 51% of Qinhuangdao Chensheng Gas Co., Ltd. (“Chensheng Gas”), a leading natural gas project operator... 

Conduit Capital Completes Sale of Natural Gas Compression Facility and Pipeline in Mexico for $89.2 Million

Conduit Capital Partners LLC, a private equity investment firm focused on infrastructure investment and development in Latin America and the Caribbean, announced today that it has completed the sale of the Libramiento natural gas compression facility and an associated 65km natural gas pipeline to InterGen. The total value of the transaction, which was... 

MDV-Mohr Davidow Ventures Backs Laurus Energy

MDV-Mohr Davidow Ventures, a leading Silicon Valley venture capital firm, announced that it has backed Laurus Energy, the North American leader in Underground Coal Gasification (UCG) project development. Laurus also announced today that top energy executive Rebecca McDonald has joined as CEO. “Given the huge demand for energy in the U.S. and abroad... 

NiSource Completes Sale of Northern Utilities and Granite State Gas Transmission to Unitil Corporation

NiSource Inc. has completed the previously announced sale of Northern Utilities Inc. and Granite State Gas Transmission Inc. to Unitil Corporation for $160 million plus $41.6 million for working capital, including approximately $33.9 million of natural gas storage inventory. “The successful sale of these assets puts NiSource into a position to... 

Biofuels Power Agrees to Purchase Decommissioned H.O. Clarke Electric Generating Station in Central Houston

Biofuels Power Corporation announced that it has agreed to purchase the site, infrastructure and equipment of the decommissioned H.O. Clarke Electric Generating Station in central Houston. The purchase includes 79 acres of land at the intersection of Main St. and Hiram Clarke Road, together with all infrastructure, equipment, buildings and other improvements.... 

The Gas Company Offers Safety Tips to Customers Returning Home After Firestorm Evacuations

Southern California Gas Co. is asking customers returning home after having been evacuated to check their natural gas service and, if service is off or they smell or hear a natural gas leak, to call The Gas Company at (800) 427-2200. “The safety of our customers, employees and the community is our highest priority,” said Richard M. Morrow,... 

Crosstex Completes Sale of Seminole Gas Processing Plant and Another Asset for $105.0 Million; Amends Debt Covenants

Crosstex Energy, L.P. announced that it continues to execute its near-term operating strategy to increase liquidity, reduce leverage and improve profitability. The Partnership has completed the sale of its undivided 12.4 percent interest in the Seminole gas processing plant to plant operator Hess Corporation for $85.0 million. In addition to the Seminole... 

Quorum Signs Two Additional Clients on Pipeline Transaction Management Software

Quorum Business Solutions, Inc. , a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that two natural gas pipeline operators have entered into agreements to implement Quorum Pipeline Transaction Management (QPTM) to manage their pipeline operations. With this, QPTM now manages...