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Exploration Development 2000 P14

  • 12/13/2000 -- Aker opts for smaller share in Kværner buy-in
    Aker Maritime Tuesday opted to take to a reduced interest in arch rival Kværner in light of the European Commission decision last week to begin an in-depth investigation of the Norwegian contractor's plans to purchase 26.7% of shares in its compatriot. Through the buy-in, under which the company will acquire 17.8% of shares in Kværner, Aker will become Kværner's largest shareholder, but will not have a controlling interest in the company.
  • 12/14/2000 -- Tom Brown to acquire Stellarton Energy
    Tom Brown said it will establish a 'significant' core area in western Canada by acquiring Canadian company Stellarton Energy Corp. in a stock transaction valued at $94.8 million, including $14.5 million in net debt. Tom Brown expects to initiate an all-cash tender offer of $3.29/share on or before Dec. 22.
  • 12/15/2000 -- DEFS completes Colorado gas plant expansion
    The Roggen natural gas plant northeast of Denver, Colo., completed an expansion that doubles its processing capacity to 58 MMcfd, said owner Duke Energy Field Services, a 70:30 joint venture by Duke Energy Corp. and Phillips Petroleum Co. DEFS said the upgrade increases capacity near gas reserves in Weld County, Colo.
  • 12/15/2000 -- Gas playing bigger part in Thai electric power industry
    Natural gas is playing a bigger role in Thailand's power generation and is expected to fuel up to 80% of total electricity generated in the next 3-5 years from about 60% today, officials say. Randy Howard, president of Unocal Thailand, a unit of US-based Unocal Corp., attributed this trend to an improving economy, a rise in environmental values, and greater availability of supplies of natural gas over alternative fuels such as imported coal.
  • 12/18/2000 -- Oil groups warn against US roadless lands proposal
    National energy and mineral associations have warned US President Bill Clinton that the US Forest Service is proposing to prohibit most road building or reconstruction on 49 million acres of inventoried roadless areas initially, rising to 58.5 million acres in 2004.
  • 12/20/2000 -- General Interest news briefs, Dec. 20
    US Department of Energy � Indonesia � Pertamina � PT Caltex Pacific Indonesia � US Minerals Management Service � American Petroleum Institute
  • 12/22/2000 -- Suncor eyes completion of oil sands plant
    Suncor Energy Inc., Calgary, plans to spend $935 million (Can.) on capital programs in 2001, about half its 2000 outlay, as its Project Millennium oil sands expansion program nears completion. Start up of the $2.8 billion project is scheduled for the second half of 2001.

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