Argus Launches Price Assessments for Sakhalin Island Vityaz and Sokol Crudes

Argus, the international energy price reporting agency, has launched daily price assessments for Vityaz and Sokol crude oil from Russia’s Sakhalin island. Argus is the first price reporting service to offer daily assessments of Vityaz, whose output is expected to be around 90,000 b/d this year, rising to an expected plateau of 150,000 b/d from... 

Spectra Energy’s Pine River Phase III Project Comes Into Service

Spectra Energy has successfully completed expansion of its natural gas gathering system in the Grizzly Valley area of northeastern British Columbia (BC). The project represents the third phase of expansion connected to the Pine River Processing Plant, near Chetwynd, BC, and includes 17 kilometers of new pipeline (parallel to existing lines), an additional... 

Leaf River Energy Center LLC Receives FERC’s Certificate of Necessity for Natural Gas Storage Facility

Leaf River Energy Center LLC, a wholly owned subsidiary of Westport, CT based NGS Energy LP announced today the Federal Energy Regulatory Commission (FERC) has issued a Certificate of Public Convenience and Necessity authorizing Leaf River to develop and operate a salt dome natural gas storage facility and the associated pipeline infrastructure. Leaf... 

Boardwalk Announces Agreement for $500 Million Equity Investment by Loews Corporation

Boardwalk Pipeline Partners, LP announced it has agreed to sell 21,184,609 newly issued common units to a subsidiary of Loews Corporation in a private placement at a price of $23.13 per common unit, the closing price of the common units on the New York Stock Exchange on October 30, 2008, for aggregate proceeds of $490 million. In addition, Loews will... 

Triple Diamond Energy Corp. Constructs Pipeline From Hoover Field In Oklahoma To Point Of Purchase

Triple Diamond Energy Corp. (TDEC), an independent Texas based oil and gas exploration company, announces they have constructed a natural gas pipeline from the Hoover Field located in Garvin County to the point of purchase. This pipeline will move natural gas from TDEC’s well to the larger Midstream LP pipeline, formerly owned by Duke Energy. “The... 

Calpine to Receive $97 million from Rosetta Resources to Settle Claims

Calpine Corporation announced a settlement with Rosetta Resources, Inc. of all claims related to Calpine’s July 7, 2005 sale of substantially all of its oil and gas business to Rosetta. The settlement provides for a $97 million payment to Calpine from Rosetta and the conveyance of certain residual oil and gas properties by Calpine to Rosetta. This... 

Air Products Signs Long-Term Hydrogen Supply Agreement with ExxonMobil’s Baytown Refinery

Air Products, the leading global hydrogen provider, today announced the signing of a long-term hydrogen supply agreement with ExxonMobil Refining and Supply Company. Air Products is to supply ExxonMobil’s Baytown, Texas refinery with additional hydrogen product from its extensive West Gulf Coast hydrogen pipeline network beginning in April 2010. “Air... 

NW Natural Files Rate Case Settlement with Washington Utilities and Transportation Commission (WUTC)

Northwest Natural Gas Company, dba NW Natural reported the company has filed an all-parties settlement with the Washington Utilities and Transportation Commission regarding the company’s general rate case filed on March 28, 2008. The stipulated agreement requires approval by the WUTC. Approximately 10 percent of NW Natural’s customers are in Washington. Parties... 

Dominion East Ohio Gas Implements Winter Reconnection Procedures

Residential customers of Dominion East Ohio whose natural gas service has been disconnected, or those who are in danger of loss of service because of nonpayment, may restore service or avoid disconnection under special winter heating reconnection procedures in effect today through April 15, 2009. The company is also reminding customers that there are... 

SUEZ LNG Subsidiary Completes Pipeline Construction for Neptune Offshore LNG Facility

SUEZ LNG NA LLC (GDF SUEZ Group) announced that it has completed pipeline construction for its offshore LNG project, Neptune. The first phase of construction began in late July and included the installation of a 13-mile sub-sea pipeline that will connect the Neptune LNG facility with the existing Spectra Energy HubLineSM. The second phase, scheduled...