The project would enable El Paso to replace its existing natural gas compression operations, reducing costs.
The unit provides natural gas compression services to the Florida Gas Transmission Company and to the Transwestern Pipeline Company, according to papers filed with the United States Bankruptcy Court in New York.
The Hanover Compressor Company, a provider of natural gas compression equipment, restated its financial results yesterday for the third time after an internal review found accounting errors.
FERC filed its response briefs in two proceedings challenging its environmental reviews of two projects involving construction, replacement, and modification of natural gas compression facilities.
WEATHERFORD INTERNATIONAL INC., Houston, an oil field services company, agreed to buy a 48percentt stake in Universal Compression Holdings Inc., also of Houston, for about $360 million to create the second-largest provider of natural gas compression services.
The performed comprehensive investigation assesses the ORC as a techno-economic profitable technology to recover wasted heat in natural gas compression facilities.
That has drawn giant energy corporations like Exxon Mobil and ChevronTexaco to the region, as well as midsize companies in related fields, like Bivac International, a company that inspects cargo at ports, and the Hanover Compressor Company, a provider of natural gas compression equipment.
Taking into account real operation of gas turbines in a natural gas compression station, located in North America, additional generated energy and CO2 avoided, thanks to ORC operation, are quantified.
The company, which went public in May 2000, made two acquisitions within the past four months, making it the second largest natural gas compression services provider in the United States.
Both raise cattle and work as natural-gas compression mechanics in the oil field.
