-- Kinder Morgan trying to buy Marathon's stake in Yates field Kinder Morgan Energy Partners LP is negotiating with Marathon Oil Corp. to buy Marathon's 42.5% interest in Yates field. Kinder Morgan already owns 7.5% interest in Yates, which has largest onshore reserves in the Lower 48.
-- Gas crisis In 2001, the US government declared an energy crisis. Two years later, policymakers are more specific: Now there is a natural gas crisis.
-- Qatar Petroleum, ExxonMobil award FEED contracts for Qatargas II Qatar Petroleum Co. and Exxon Mobil Corp. have awarded contracts for onshore Qatargas II LNG expansion project facilities to Chiyoda Corp., Yokohama, for the main front-end engineering and design (FEED) phase and to M.W. Kellogg Ltd.for a receiving terminal. The offshore FEED contract will be awarded later this year.
-- Williams sells 45% stake in Rio Grande LPG pipeline Navajo Southern Inc., a subsidiary of the Dallas-based Holly Corp., has bought Williams Cos. Inc.'s 45% ownership interest in the 223-mile Rio Grande Pipeline Co. for $275 million, subject to closing adjustments.
-- Unit Corp. to acquire PetroCorp. in $190 million deal Tulsa-based Unit Corp. reported Tuesday that it signed a letter of intent to acquire all the outstanding shares of PetroCorp. Inc., also of Tulsa, in a deal valued at $190 million in Unit stock and cash.