Friday, September 20, 2024

Alan Armstrong News

Wave of New LNG Export Plants Threatens to Knock Gas Prices

© NPershaj / Adobe Stock

A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects…

Williams Acquires Deepwater Gas Pipeline

Williams, the provider of large-scale infrastructure connecting U.S. natural gas and natural gas products to growing demand for cleaner fuel and feedstocks, acquired a deepwater natural gas pipeline system that…

Pipeline Fight Moves from Dakotas to Louisiana

When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Pipeline companies later secured her permission for two more lines…

Williams adds Two Directors to Board

Pipeline operator Williams Cos Inc said on Monday it added two new directors to its board, prompting activist investor Corvex Management LP to withdraw plans to replace the company's entire board. The company named Stephen Chazen…

Williams Adds 3 New Directors as it Seeks to Fend Off Board Takeover

Pipeline company Williams Cos Inc added three new directors to its board on Monday as it works to fend off an attempt by activist investor Keith Meister to replace all of the company's directors. Williams said…

Enterprise Products Approached Williams over Acquisition

Enterprise Products Partners LP approached Williams Companies Inc earlier this summer about combining their businesses, two of the largest U.S. oil and gas pipeline operations, people familiar with the matter said.

Williams Cos Shareholder Meeting to be Held in November

Williams Cos Inc said on Friday it would hold its annual meeting in November, when shareholders will vote on replacements for six directors who resigned last week following a failed attempt to unseat Chief Executive Alan Armstrong.

Williams Names New Chair, Stands by CEO after Board Upheaval

Williams Cos Inc's board stood by CEO Alan Armstrong and named a new chairman on Friday after six directors resigned following a failed attempt to unseat him. Two of the directors who stepped down filed responses of their own on Friday…

Six Williams Directors Quit after CEO Ouster Fails

Six of Williams Cos Inc's directors, including the pipeline company's chairman, resigned on Thursday after a failed attempt to oust Chief Executive Alan Armstrong, three sources familiar with the matter told Reuters.

ETE's CEO Heads to Court over Williams Deal

Dallas billionaire Kelcy Warren will head to court on Monday to defend against allegations his pipeline company, Energy Transfer Equity LP , has purposely tried to scuttle a proposed $20 billion deal for rival Williams Cos Inc.

Sinking Shale Could Take Pipeline Business With It

Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well. In the two court fights, U.S.

As U.S. Shale Sinks, Pipeline Fight Looms

Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well. In the two court fights, U.S.

Williams Partners Cuts 2016 Capex by About $1 bln

Pipeline operator Williams Partners LP , a master limited partnership of Williams Companies Inc , cut its 2016 capital budget by about $1 billion, or by almost a third, to $2 billion. The company said the spending…

Keystone Snub Adds to Gloomy Prospects for Pipeline Companies

North American pipeline companies are at a crossroads. Once the darlings of investors, their growth prospects have been undercut by a 50 percent slide in oil prices and tough environmental reviews that have delayed projects.