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General Interest 2000 P11

  • 06/13/2000 -- Electric Power news briefs, June 13
    Westmoreland Coal Co. ... Knife River Corp. ... Potomac Electric Power Co. ... Southern Energy Inc. ... Carolina Power & Light Co. ... SeaWest WindPower ... Bonneville Power Administration
  • 06/07/2000 -- Electric Power news briefs, June 7
    PG&E ... Columbia Energy ... PEPCO ... WBI Holdings ... MDU Resources Group ... Kinder Morgan ... SCANA Corp.
  • 06/02/2000 -- Utility e-commerce consortium forms Pantellos
    A consortium of 21 energy and utility companies has established Pantellos Corp., a new e-commerce company capitalized at $100 million and based in Houston. Scheduled to begin operation in the first quarter of 2001, the company will operate an independent internet marketplace for nonfuel energy services and goods purchases. A search is under way for a chief executive, said a spokesman for member company American Electric Power Co.
  • 06/29/2000 -- Drilling/Production news briefs, June 29
    Houston Exploration Co. � Devon Energy � Vastar Resources � Aker Maritime � Burlington Resources � Baker Energy � Husky Oil � A.P. Moller Maersk � Navion � Bluewater Offshore Production Systems ... Petro-Canada
  • 06/28/2000 -- McMoRan reestablishes Eugene Island production
    McMoRan Exploration Co., New Orleans, said Wednesday that it reestablished sustained production earlier this month from four wells on blocks in the Eugene Island sector of the US Gulf of Mexico. The company said production is flowing from Blocks 193, 208, and 215 with gross production averaging 1,100 b/d of oil and 600 Mcfd of natural gas.
  • 06/26/2000 -- ExxonMobil commissions Zafiro field platform
    ExxonMobil Corp. announced last week that its new Jade platform in Zafiro field off Equatorial Guinea has started production from its first well at a rate of more than 12,000 b/d. The platform is about 35 miles offshore on Block B.
  • 06/20/2000 -- TotalFinaElf upstream reorganization will boost production
    The merger of TotalFina and Elf has given a tremendous boost to the new group's upstream division, which plans to increase production nearly 40% by 2005. Synergies from the merger are now estimated to be 690 million euros/year from 2003 onwards. Jean-Luc Vermeulen, head of the exploration and production division of TotalFinaElf SA, told a panel of journalists last week that the firm's momentum will be sustained through a strategy that combines growth and profitability.
  • 06/07/2000 -- Drilling/Production news briefs, June 7
    Samedan Oil Co. ... Energy Development Corp. � Brown & Root Energy Services � Shell Philippines Exploration � Texaco ... Chevron ... Horizon Offshore ... Tidewater � Sano Steamship
  • 06/06/2000 -- Canada gives Terra Nova a break on FPSO import fees
    Petro-Canada Ltd., Calgary, has been granted a $98.7 million (Can.) break on import fees owed on an offshore production vessel for the Terra Nova oil development off Newfoundland. The break represents 25% duties on the cost of building the hull and lower turret of the floating production, storage, and offloading vessel.
  • 05/10/2000 -- ExxonMobil to buy Malayisan products pipeline stake
    Malaysia's Petronas Dagangan and Royal Dutch/Shell Group affiliate Shell Malaysia Trading have agreed to sell a combined 20% stake in petroleum distribution assets in Malaysia to Esso Malaysia Bhd., a unit of ExxonMobil Corp., for $31.68 million. Each company will sell a 10% stake in the Multi-Product Pipeline (MPP), the Klang Valley Distribution Terminal (KVDT), and associated facilities.
  • 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.

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