Oneok-Southwest Gas merger called off
Southwest Gas Corp. has sued Oneok Inc. for unspecified damages after Oneok abruptly terminated a pending $1.8 billion merger between the two companies rather than risk taking on a $700 million lawsuit against Southwest Gas by rejected suitor Southern Union Co.
EIA notes utility merger trend
The US Energy Information Administration has reported that many investor-owned electric utilities (IOUs) have merged with other utilities to improve their positions in the new, more competitive electric power industry.
Some disagreements are too deep for compromise, as BP Amoco PLC and ARCO have discovered in seeking US Federal Trade Commission approval of their $26.8 billion merger.
US firms press greenhouse gas initiatives
Eventually researchers may reach a consensus as to whether catastrophic global warming is a reality, but until they do, US oil and natural gas companies are taking matters into their own hands.
US gas market to surge in coming decade
The North American natural gas sector will experience unprecedented growth over the coming decade, with increasing demand coming mostly from growing needs in the power generation sector.
Poseidon crude oil pipeline, ... was damaged in an accident involving the 8-ton anchor of Transocean 96, a second-generation semisubmersible drilling rig owned by Transocean Sedco Forex Inc., Houston.