Home

Oil giants take steps toward gas line permitting

By Associated Press
June 17, 2008 | Comments (0)

Recs

0

A joint venture of two global oil companies has taken preliminary steps toward federal permitting for a natural gas pipeline.

BP PLC and ConocoPhillips contacted the Federal Energy Regulatory Commission, considered the first move for receiving federal permission.

The letter, dated Sunday, was written by the company's newly named president Bud E. Fackrell, who was appointed last week.

The letter requested aproval to get prelminary review of its pipeline proposal.

It also comes as the Legislature reviews Gov. Sarah Palin's request to issue a license, and $500 million seed money, to TransCanada Corp.

BP and ConocoPhillips announced their intent to build a competing line two months ago and named it Denali-The Alaska Gas Pipeline Project.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 666800, ~/articles/articlehandler.aspx, 12/2/2008 1:48:28 AM,

Sign up for FREE Motley Fool site access to keep reading:

“Oil giants take steps toward gas line permitting”

Signing up allows you to comment on articles and on the discussion boards.

It's completely FREE and will take only 10 seconds.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.