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General Interest 2000 P

  • 06/07/2000 -- Michigan restructuring law spurs new power plant
    Saturday's passage of electric industry restructuring legislation in power-short Michigan set in motion a flurry of activity. Three days after Gov. John Engler signed the bill Saturday, DTE Energy Co. subsidiary Detroit Edison Co. cut electric rates, and Panda Energy International Inc. reported plans to build a 1,000 Mw gas-fired electric generation station near Grand Rapids.
  • 06/05/2000 -- LG-Caltex-Texaco JV to buy two South Korean cogen plants
    A joint venture of Texaco Inc. and LG-Caltex has been selected as the preferred bidder to purchase two cogeneration plants from Korea Electric Power Corp. (KEPCO) of South Korea. LG-Caltex is a joint venture of South Korea's LG Group and Caltex Corp., itself a JV of Texaco and Chevron Corp.
  • 06/02/2000 -- Electric Power news briefs, June 2
    Electricit�e France ... TotalFinaElf ... Duke Energy .... TransAlta ... Merchant Energy Group of the Americas ... Madison Gas & Electric Co .... Chevron Corp. ... PG&E Corp.
  • 06/29/2000 -- DOE to fund 23 oil research projects
    The US Department of Energy Wednesday revealed it will fund 23 petroleum technology research projects to enhance domestic oil and production. The projects were chosen from the first round of a broad-based solicitation the DOE issued in December. The 23, and other projects to be named later, will form the core of DOE's future petroleum research program.
  • 06/27/2000 -- Drilling/Production news briefs, June 27
    Smedvig � Keppel Fels � Pride Foramer � Ocean Rig � Sonangol Exploration & Production � Hurricane Hydrocarbons � China National Petroleum Co. � Mobil Oil Canada � Chevron Canada Resources � Petro-Canada � Canada Hibernia Holding � Murphy Oil � Norsk Hydro
  • 06/22/2000 -- Baker Hughes: High prices, demand revive drilling
    Rising demand and prices for oil and natural gas in the US and Canada will help the oil field service and supply sector continue its revitalization, said Gary R. Flaharty, director of investor relations for Baker Hughes Inc., Wednesday at the Banc of America Securities energy conference in Houston.
  • 06/09/2000 -- Devon agrees to pay to settle allegations
    Devon Energy Production Co. will pay $11.9 million to resolve allegations that Pennzoil Co., which merged into Devon Energy Corp. last year, underpaid royalties on oil it produced from leased federal and Indian land during 1988-98, the US Department of Justice said earlier this week. Sunoco Inc. agreed to pay $200,000 to resolve similar allegations.
  • 06/06/2000 -- Supreme Court rejects Kansas gas tax case
    Kansas natural gas producers will have to refund an estimated $750 million to consumers after the US Supreme Court declined Monday to hear an appeal of a tax refund case. BP Amoco Plc, Exxon Mobil Corp., Occidental Petroleum Corp., and Union Pacific Resources Group Inc. asked the high court to consider the case.
  • 05/19/2000 -- TETCO holds open season for leased pipeline capacity
    Texas Eastern Transmission Corp. (TETCO) has begun an open season for the natural gas pipeline capacity it leased from Natural Gas Pipeline Co. of America in a reciprocal deal aimed at optimizing gas shipments for the two companies. TETCO calls its program Enhanced Spectrum, while NGPL calls its HubAmerica.
  • 05/26/2000 -- Devon Energy to acquire Santa Fe Snyder in $3.35 billion deal
    Devon Energy Corp., Oklahoma City, has agreed to acquire Santa Fe Snyder Corp., Houston, for about $3.35 billion in stock and assumed debt, in a deal creating one of the top five US independent oil and gas companies. Devon Chairman Larry Nichols says the combined company will be stronger to compete than either partner would be independently.
  • 05/22/2000 -- Oxy resumes work on controversial Colombian project
    Occidental of Colombia, a unit of Occidental Petroleum Corp., Los Angeles, reactivated exploration activities on the Sirir�lock, within the former Samor�roject, on May 16. A court injunction had halted exploration activities in this promising zone of the Colombian plains foothills in March.
  • 05/17/2000 -- Vastar, Newfield let contract for gas transport, processing
    Tulsa-based Williams on Tuesday said Vastar Resources Inc. and Newfield Exploration Co., both of Houston, have selected units of Williams to gather, process, and transport about 75 MMcfd of natural gas from offshore wells along the Alabama coastline.
  • 05/12/2000 -- Ethanol and MTBE polluting Lake Tahoe
    Plagued by leaks of both ethanol and methyl tertiary butyl ether from gasoline service stations that are polluting groundwater sources, the Lake Tahoe, Calif., resort area is headed into another summer of water use restrictions.
  • 05/05/2000 -- Qatar to supply Kuwait with North field gas
    Qatar will supply natural gas from its supergiant North field to Kuwait, Qatari Minister of Energy and Industry Abdullah bin Hamad al Attiyah said in Doha May 3. The gas will come from the enhanced gas utilization (EGU) project Qatar General Petroleum Corp. and ExxonMobil Corp. plan to set up to exploit North field gas reserves.
  • 05/03/2000 -- Qatar, ExxonMobil sign enhanced gas utilization pact
    ExxonMobil Corp. unit ExxonMobil Middle East Gas Marketing and Qatar General Petroleum Corp. have signed a development and production-sharing agreement for an enhanced gas utilization project at Qatar's supergiant North gas field.
  • 05/31/2000 -- NPC to issue report on US refining sector
    The National Petroleum Council, the US Secretary of Energy�s oil industry advisory group, will issue a major report June 20 on the challenges facing the US refining industry. Energy Sec. Bill Richardson requested the report, which will outline the refining industry�s economic viability and continuing capability to meet consumer demands for petroleum products.
  • 05/16/2000 -- Venezuela LNG project moves forward
    Partners in the Venezuelan Paria North LNG plant project are moving ahead with the project by signing a preliminary development agreement. Previously, partners Mitsubishi Corp., Royal Dutch/Shell Group, and ExxonMobil Corp. signed a memorandum of understanding for the project (OGJ, Apr. 3, 2000, p. 32). The new agreement provides for a feasibility study and determination of resources required. Once it is complete, the companies plan to sign a joint venture agreement.
  • 05/08/2000 -- Construction start set for Venezuelan LNG project
    Mitsubishi Corp., Tokyo, Monday said construction is expected to start next year on the liquefied natural gas plant proposed for the coast of Venezuela.
  • 05/26/2000 -- Magnum Hunter forms alliance with GE Capital
    Magnum Hunter Resources, Inc., Irving, Tex., on Wednesday said it is forming a limited partnership with GE Capital Structured Finance Group's (SFG) oil and gas unit. Through a partnership with Mallard Hunter LP, Magnum Hunter and an SFG affiliate will acquire oil and natural gas reserves from two of Magnum Hunter's subsidiaries.
  • 05/24/2000 -- Finance/Companies news briefs, May 25
    ExxonMobil ... Thyssengas ... RWE Energie ... Maxx Petroleum � Nigeria's National Electric Power Authority � Marubeni Engineering � NYMEX � Providence Energy � Southern Union � Montana Power � Schlumberger Resource Management Services... CellNet Data Systems ... Northern States Power Co. ... Titan Exploration ... Unocal ... Onako ... Rosneft ... Slavneft

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