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BUSINESS
October 4, 1988 | JANE W. APPLEGATE, Times Staff Writer
After being forced to cut natural gas supplies to several municipal and industrial customers for six weeks this summer, Southern California Gas Co. has asked the state Public Utilities Commission to look into whether California requires new gas pipelines to meet its needs. SoCal Gas provided only 87% of the gas it normally provides to Southern California Edison, the Los Angeles Department of Water and Power and seven other utilities between Aug. 16 and Sept. 30, according to Frederick E.
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BUSINESS
October 30, 2004 | Chris Kraul, Times Staff Writer
Sempra Energy said Friday that it had won a high-stakes race for approval to construct North America's first West Coast liquefied natural gas terminal. San Diego-based Sempra, parent of Southern California Gas Co. and San Diego Gas & Electric Co., said it would begin building the project early next year at a seaside location north of Ensenada. Half a dozen companies -- including ChevronTexaco Corp., Mitsubishi Corp., BHP Billiton and Marathon Oil Corp.
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BUSINESS
March 21, 1989 | DONALD WOUTAT, Times Staff Writer
California would save nearly $21 billion in energy costs over the next 45 years by tapping into the natural gas reserves of Alberta, Canada, and Wyoming, the California Energy Commission said Monday. In a report that becomes part of a hot debate over California's long-term natural gas supplies, the commission endorsed the construction of pipelines to bring gas from both regions and lessen California's dependence on the natural gas fields of the southwestern United States.
CALIFORNIA | LOCAL
August 15, 2003 | Sandra Murillo, Times Staff Writer
An Australian-based company announced Thursday that it wants to construct a half-billion-dollar offshore liquefied natural gas terminal about 20 miles from Oxnard, touching off competition to build the first such facility on the West Coast. BHP Billiton plans to build a floating terminal that would act as a receiving point for shipments of California-bound natural gas.
NEWS
May 24, 2001 | RICARDO ALONSO-ZALDIVAR, TIMES STAFF WRITER
The head of a Houston energy company denied driving California natural gas prices to unprecedented levels and testified Wednesday that his firm actually passed up an opportunity to make nearly $700 million in additional profits. But the company still earned a net profit of $184 million on an initial investment of $38.5 million, according to testimony by El Paso Merchant Group President Ralph Eads in a trial-like hearing before the Federal Energy Regulatory Commission.
BUSINESS
July 9, 1989 | DONALD WOUTAT, Times Staff Writer
Why is Mike Sullivan, the governor of Wyoming, so worried about California's smog? Doesn't he have his own problems back home? Indeed he does, notably a weak economy. One way to fix that is to help clean up California's air--by shipping Wyoming natural gas out here to burn in place of dirtier oil.
BUSINESS
May 3, 2001 | JIM POLSON, BLOOMBERG NEWS
Kinder Morgan Energy Partners and Calpine Corp. plan a $1.7-billion pipeline that could deliver natural gas to energy-starved California as soon as 2003. The line, which requires federal approval, would be able to move 750 million cubic feet of natural gas a day, and may eventually be expanded to move 1 billion, the companies said. California, which is in the midst of an electricity shortage, is dependent on natural gas to fuel many of its power plants.
BUSINESS
June 4, 1991
Benton Oil & Gas Co. in Ventura said it bought an additional 13.3% working interest in the West Cote Blanche Bay Field, an energy field off the southern Louisiana coast, for about $9.5 million in cash and securities. Benton, which bought the additional stake from four private companies and their affiliates that Benton did not identify, now controls about a 42% working interest in the field.
NEWS
May 24, 2001 | RICARDO ALONSO-ZALDIVAR, TIMES STAFF WRITER
The head of a Houston energy company denied driving California natural gas prices to unprecedented levels and testified Wednesday that his firm actually passed up an opportunity to make nearly $700 million in additional profits. But the company still earned a net profit of $184 million on an initial investment of $38.5 million, according to testimony by El Paso Merchant Group President Ralph Eads in a trial-like hearing before the Federal Energy Regulatory Commission.
CALIFORNIA | LOCAL
May 11, 2001 | GEOFFREY MOHAN, TIMES STAFF WRITER
At the signal from oil wildcatter F. Lynn Blystone, roughnecks opened the valve of a greasy well rig, and with an earsplitting screech, a fat jet of natural gas blasted plumes of dust from the fields outside this San Joaquin Valley town. City officials covered their ears and dropped their jaws. "That's the sound of money, loud and powerful," said Delano City Manager Adela Gonzalez.
BUSINESS
May 3, 2001 | JIM POLSON, BLOOMBERG NEWS
Kinder Morgan Energy Partners and Calpine Corp. plan a $1.7-billion pipeline that could deliver natural gas to energy-starved California as soon as 2003. The line, which requires federal approval, would be able to move 750 million cubic feet of natural gas a day, and may eventually be expanded to move 1 billion, the companies said. California, which is in the midst of an electricity shortage, is dependent on natural gas to fuel many of its power plants.
BUSINESS
June 29, 1994 | From Bloomberg Business News
Unocal Corp. said Tuesday that it is negotiating to sell its California oil and natural gas assets, a divestment that would sever 103-year-old ties to oil fields that helped make it one of the world's largest oil companies. Los Angeles-based Unocal said three outside companies have made offers for the California exploration and production assets, which include 69 oil and gas fields. Unocal said it is considering selling the assets in order to concentrate on larger overseas opportunities.
BUSINESS
June 4, 1991
Benton Oil & Gas Co. in Ventura said it bought an additional 13.3% working interest in the West Cote Blanche Bay Field, an energy field off the southern Louisiana coast, for about $9.5 million in cash and securities. Benton, which bought the additional stake from four private companies and their affiliates that Benton did not identify, now controls about a 42% working interest in the field.
NEWS
June 10, 1988
A congressional subcommittee approved a delay in a proposed lease sale off the Northern California coast for oil and gas drilling. The action, taken by a House Interior subcommittee, would postpone any lease sales off Mendocino and Humboldt counties until at least October, 1989. On Monday, Interior Secretary Donald P. Hodel announced a halt to consideration of the lease sale until 1989, leaving the decision on the controversial plan in the hands of the next Administration.
NEWS
September 27, 1990 | ROBERT W. STEWART, TIMES STAFF WRITER
In a victory for California and other coastal states, the House on Wednesday overwhelmingly approved legislation that would restore state veto power over federal oil and gas lease sales in the outer continental shelf. The measure, approved 391-32, would have the effect of overturning a 1984 U.S. Supreme Court ruling that stripped states of the authority to review federal oil and gas lease sales.
NEWS
June 20, 1990 | PATRICK LEE, TIMES STAFF WRITER
General Motors Corp., the nation's largest auto maker, is near an agreement with gas companies in California and Texas that would lead to the first commercial production of natural gas-powered trucks, a Southern California Gas Co. official confirmed Tuesday. Ford Motor Co., the No. 2 American auto maker, is in similar talks, but is unlikely to reach an agreement before early next year, said Roberta Nichols, manager of Ford's alternative fuels department.
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