General Interest 2000 P

10/23/2000 -- Market watch, Oct. 23
Mid-East tensions amid the last-minute rush to build US winter inventories of heating oil and natural gas pushed up international energy futures prices at the end of last week. However, analysts are encouraged that a summit meeting of Arab leaders over the weekend�the first since 1996�was dominated by moderates who advocated perseverance in peace talks with Israel.
10/23/2000 -- Analyst: Gas injection rate still in question
Low natural gas storage levels and a return to near-normal colder temperatures in key heating areas of the United States could mean high price spikes or increased volatility this winter. Despite a return to milder temperatures during the week ended Oct. 13, the industry won't be able to make up that setback, said Ronald Barone, gas industry analyst at PaineWebber Inc.
10/23/2000 -- Methanol market confounding expectations of gloom
Methanol markets continue to confound expectations of gloom and doom this year.
10/20/2000 -- Electric Power news briefs, October 20
Ipalco Enterprises Inc. ... AES Corp. ... Constellation Energy Group Inc. ... Sierra Pacific Resources ... Unicom Corp. ... and PECO Energy Co. ... Washington Gas Light Co. ... NRG Energy Inc. ... Calpine Corp. ... InterGen ... Energy Management Inc. ... WESCO International Inc. ... Alliant Energy Corp. ... UtiliCorp United Inc. ... Cleco Corp.
10/20/2000 -- Algeria's Sonatrach discusses joint hydrocarbon projects
The general manager of the Algerian national oil and gas company Sonatrach, Abdelhak Bouhafs, has disclosed the firm is discussing the possibility of joint hydrocarbon projects with a number of international oil companies.
10/20/2000 -- Analyst: Low storage, cold weather to lead to winter gas market volatility
Low natural gas storage levels and a return to near-normal colder temperatures in key heating areas of the United States could mean high price spikes or at least increased volatility this winter. To have 2.7 tcf of gas in storage by the official start of the winter heating season on Nov. 1, the industry will have to inject 7.6 bcf a day, said Ronald Barone, gas industry analyst at PaineWebber Inc.
10/20/2000 -- Companies embrace electronic trading faster than expected
AmerenEnergy, the energy marketing and trading affiliate of Ameren Corp., is doing about 40% of its next-day trades and about 30% of its forward market trades electronically, says C. Joe Hopf, vice president of energy trading. Industry panelists, speaking at a Houston energy conference, said what is most surprising is the speed at which companies are embracing electronic trading.
10/20/2000 -- Peru fines Pluspetrol for oil spill
Peru's organization for the supervision of the energy industry, Osinerg, ordered Argentine firm Pluspetrol Peru to pay a fine of 600 tax units�1,640,000 soles, or about $470,000�for spilling about 5,500 bbl of crude oil in the Mara�on riverbed. A barge carrying the oil to the Yanayacu terminal at the start of the North Peruvian Pipeline went aground Oct. 3.
10/20/2000 -- Market watch, Oct. 20
International energy futures weakened Thursday, as Venezuelan President Hugo Chavez reiterated that members of the Organization of Petroleum Exporting Countries are committed to reducing oil prices to $22-$28/bbl.
10/20/2000 -- Statoil looks east at Siri
Norwegian oil and gas giant Statoil today said it was mulling over a plan to develop a marginal 6-7 million bbl oil structure 9 km to the east of its Danish North Sea Siri field. Although no final development decision has been taken, current thinking at Statoil is said to favor the use of a small unstaffed wellhead platform linked by oil, gas, and water injection flowlines that will be remotely operated from the Siri platform.
10/20/2000 -- Pricking the gas bubble
Two months after the European Union acted to enforce liberalization of natural gas markets, industry opinion about the directive is increasingly voluble.
10/19/2000 -- 'Well head to wall switch' strategy to emerge, says El Paso executive
Companies that manage the trade off between the need for energy and societal desires will emerge as winners in the future, says the managing director of El Paso Power Finance, a unit of El Paso Energy Corp. In the next 5 years, the energy industry must deal with ideology, price volatility, and strategy, said Gar Seifullin, at PowerMart conference in Houston. Continued consolidation will pare down the ranks of the energy merchants but new players in some energy areas will emerge.
10/19/2000 -- BP to build new Texas power plant, puts industry on notice
BP said Thursday it is finalizing negotiations with a unit of Cinergy Corp. to build new gas-fired power and steam cogeneration facilities at its Texas City and Chocolate Bayou, Tex., refining and chemical sites. Combined, the existing assets and new facilities will produce 805 Mw of electricity and 3.5 million lb/ hr of steam and cut Houston area nitrogen oxide (NOx) emissions.
10/19/2000 -- UK government rolls out North Sea mentoring scheme
The Oil & Gas Mentoring Initiative�an innovative government-backed scheme designed to help small and medium-sized enterprises in the UK offshore industry bring their services and technology more quickly to market�was launched today in Aberdeen.
10/19/2000 -- Market watch, Oct. 19
Energy futures prices closed higher in trading on the New York Mercantile Exchange Wednesday. American Petroleum Institute data showing lower reserves kept the market on its toes, as did continued worries about problems in the Middle East.
10/18/2000 -- Canada improving regulatory climate for Arctic pipelines
The Canadian government is working to improve the transparency of its regulatory environment so that industry can make informed decisions on investments to move Arctic natural gas to southern markets.
10/18/2000 -- Market watch, Oct. 18
Energy futures prices were mixed on international markets Tuesday with milder weather in the US but continued worries about Middle East tensions. The November contract for benchmark US light, sweet crudes inched up 7� to close at $32.99 bbl on the New York Mercantile Exchange, while the December contract gained 3� to $32.42/bbl.
10/18/2000 -- Finance/Companies news briefs, Oct. 18
ExxonMobil � Ultra Petroleum � Pendaries Petroleum � The Chancellor Group � John Wood Group � Vepica � Precision Drilling � CenAlta Energy Services � ONEOK Resources � Magnum Hunter Resources � Trust Company of the West � Chieftain International � Gulfstream Resources Canada � Unocal Makassar � Unocal Rapak � Mobil Makassar � Rapak � JP Kenny � Triune � JP Kenny Triune Engineering � Piedmont Natural Gas � Atmos Energy � PanCanadian Petroleum
10/17/2000 -- ABB, Schlumberger to form subsea JV
ABB Group and Schlumberger Ltd. signed a memorandum of understanding to form a joint venture intended to improve the economics of subsea oil and gas development. The memorandum includes the development of new technologies and services covering production from the reservoir to the delivery point, said a joint statement.
10/17/2000 -- Spain's Endesa, Iberdrola agree to merge
Spain's Endesa SA and Iberdrola SA reported Tuesday they have agreed to merge, creating the world's largest electricity utility in number of customers, the fifth largest based on enterprise value, and fourth largest in terms of installed capacity. The combined company will be named Endesa Iberdrola SA and will headquartered in Madrid.

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