Paying $1.14 bln for 8,000-mile natural-gas line
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NEW YORK (CBS.MW) -- Loews Corp. said Monday it would buy Gulf South Pipeline for $1.14 billion, enhancing its natural-gas supply network across the southern and southeastern United States.
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A consortium led by Royal Dutch/Shell Group that is developing gas reserves off Russia's Sakhalin Island said Thursday it has struck a &#36;6 billion deal to supply liquefied natural gas, or LNG, to energy-hungry North America.
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CALGARY (CP) - Canadian energy producer Nexen Inc. is betting $2.1 billion US that a major North Sea oilfield can help stop the company&#39;s falling production and reduce the risks of operating in the volatile Middle East and hurricane-prone Gulf Coast.
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The Anglo-Dutch oil giant Shell today sought to draw a line under its reserves scandal by announcing plans to spend $15bn (Â£8.4bn) a year to replenish reserves and develop production in its oil and gas business.
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Enron Corp. has agreed to sell its domestic natural gas pipelines for more than $2 billion after an auction aimed at helping the energy company emerge from one of the most expensive and complicated bankruptcies in history.
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Oil prices remain around the $82-a-barrel mark, over fears a storm may develop in the Gulf of Mexico.
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After facing years of harsh scrutiny as a potentially catastrophic Boston terrorist target, owners of the liquefied natural gas terminal in Everett yesterday committed $1 million a year to help low-income Massachusetts residents pay their gas utility bills.
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National Grid Transco, the Britain-based deliverer of energy, announced it has agreed to sell four of its gas distribution networks to consortia in cash deals worth 5.8 billion pounds (8.
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Royal Dutch/Shell Group announced Wednesday that it would spend US$1.8 billion on exploration and production in the North Sea, including building a pipeline to transfer gas from Norway to Britain.
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ConocoPhillips, the third-largest US oil company by sales, is set to pay at least $1.9 billion for the Russian government&#39;s remaining stake in OAO Lukoil, the nation&#39;s largest oil producer.
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Business & money: Firm will raise electricity rates by 9.7% and gas prices by 15% from tomorrow
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SAN FRANCISCO (CBS.MW) -- Alcoa, Diversified Utility &amp; Energy Trusts and Alinta have agreed to buy Epic Energy&#39;s Dampier to Bunbury natural gas pipeline in Western Australia for $1.
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Bay State Gas Co. said yesterday customers in the 60 Massachusetts communities where it provides service will see a 10.2 percent rate cut this winter compared to last year, reflecting a drop in natural gas prices. A typical residential customer who uses 932 therms of gas during the November-April period will pay a total bill of $1,451, $165 less than ...
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HOUSTON El Paso Corporation announced today it had reached a more than 70 (m) million dollar settlement in a lawsuit. The state of Arizona had filed the lawsuit accusing the energy company of manipulating natural gas prices.
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Energy Transfer Partners L.P. ETP.N   on Friday said it will buy Transwestern Pipeline from GE Energy   Financial Services and Southern Union Co. SUG.N for about   $1.47 billion.
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NStar Gas residential customers will pay on average $38 a month less than they did last winter, and for the first time will be able to lock in a winter-long rate that one top consumer advocate called a good deal.
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Some question effectiveness of U.S. House's $89K purchase to balance out greenhouse-gas emissions.