News

The Anchorage Daily News reported that Calgary-based AltaGas Ltd. will pay $1.1 billion to buy the parent company of Enstar Natural Gas Co., the lone distributor of natural gas to tens of thousands of homes and businesses in south-central Alaska.

Southern Union Company announced that its Panhandle Eastern Pipe Line Company subsidiary has signed a straddle agreement with Next Generation Processing, LLC (NGP).

Cheniere Energy Partners, L.P. has entered into an exclusive arrangement with Blackstone Energy Partners L.P., Blackstone Capital Partners VI L.P., and certain affiliates in which Blackstone would provide financing worth $2 billion to fund the equity portion of the costs of developing, constructing and placing into service its Sabine Pass liquefaction project being developed at the Sabine Pass LNG terminal, the purchase of the Creole Trail pipeline from Cheniere Energy, Inc. and other partnership business purposes.

Several concurrent forces are at work today at the operational, production and regulatory compliance levels that are creating an urgent need for enhanced tools to help operators meet all of today’s ever-increasing asset management requirements. At the same time, operators are striving to gain improvements in operational efficiency to increase production with fewer staff, and do so in a manner that fully satisfies the regulatory requirements. Fortunately, there are many practical advances in both foundational and emerging technologies that can help operators address all these converging forces.

Driven by public concerns, regulations and technology improvements, noise control in Alberta’s energy industry has evolved during the past four decades into one of the best in North America. Before the late 1960s, if you had a noise complaint against an energy firm in the Province you had to negotiate.

The Energy Information Administration expects the price of West Texas Intermediate (WTI) crude oil to average about $106 per barrel in 2012, $5 per barrel higher than in the previous Outlook and $11 per barrel higher than the average price last year. Supply disruptions in the Middle East and Africa contributed to a significant increase in world crude oil prices during February.

Valero Energy Corp Chief Executive Bill Klesse said he expects crude oil from Canada and U.S. shale production will eliminate the need to import light, sweet crude oil at the U.S. Gulf Coast by 2016, in an article published by Reuters.

OTC 2012 – the world's foremost event for the development of offshore resources in the fields of drilling, exploration, production and environmental protection – will be held April 30- May 3 at Reliant Park in Houston. Last year’s attendance topped 78,000 and officials expect similar attendance this year.

More than 2 million miles of natural gas pipeline in the United States distribute natural gas to customers every day. Considering the amount of natural gas flowing across the country at any given time, gas providers have an exceedingly good safety record. While serious incidents are uncommon, all it takes is one major event like the San Bruno explosion in September 2010 to focus national attention on the potential risk of natural gas and the need for continued diligence on the part of the gas industry.

When you look at the staggering prospects for natural gas as perhaps the essential fuel of the 21st century, can you imagine a more exciting time to be key player in this vital industry, charged with pushing forward the agenda of those energy companies that are on the front-line of providing that precious resource?

Syndicate content