General Interest 2000 P

10/10/2000 -- FERC postpones financial trades in NY market
Federal Energy Regulatory Commission denied last week Morgan Stanley Capital Group Inc.�s application to force the New York Independent System Operator to permit financial bids in the wholesale power market by entities with no generating capacity or customers to serve in that state. Morgan Stanley had challenged the NYISO rule that only allowed participation in the New York wholesale power market by entities with generation or customers to serve.
10/10/2000 -- Congressman Hyde calls for FTC natural gas investigation
US Rep. Henry Hyde (R-Ill.) Tuesday asked the US Federal Trade Commission to undertake an investigation of expected high natural gas prices this winter to determine if they are the result of collusion in the market. 'I don't know what he means given the competitiveness of the industry,' said R.Skip Horvath, president of the Natural Gas Supply Association.
10/10/2000 -- TNK cites possible delay on Sidanco-Chernogorneft negotiations
Russia's Tyumen Oil Co. said Monday it still plans to proceed with the exchange of Chernogorneft's assets for a 25% plus one share stake in Sidanco as agreed in December 1999. A squabble may delay the deal, however.
10/10/2000 -- Rep. Hyde calls for FTC natural gas investigation
US Rep. Henry Hyde (R-Ill.) Tuesday asked the US Federal Trade Commission to undertake an investigation of expected high natural gas prices this winter to determine if they are the result of collusion in the market. 'I don't know what he means given the competitiveness of the industry,' said R. Skip Horvath, president of the Natural Gas Supply Association.
10/10/2000 -- ExxonMobil: Sable project could increase production to meet winter demand
ExxonMobil Corp. says it could increase production from the Sable region natural gas fields off Nova Scotia to meet winter demand for the fuel. ExxonMobil is lead partner in the Sable Offshore Energy Inc. group, which is currently producing and shipping gas to Atlantic Canada and the New England US states.
10/10/2000 -- Citgo gets new president
Venezuelan President Hugo Chavez appointed Oswaldo Contreras Maza as the new president of Citgo, the Tulsa-based wholly owned subsidiary of state oil corporation Petroleos de Venezuela SA (PDVSA).
10/10/2000 -- Federal legislators seek investigation of BPA
Congressional members requested the US Department of Energy (DOE) and the General Accounting Office to investigate Bonneville Power Administration for selling power first to Northwestern customers at low prices and then to California market at higher prices. Rep. George Miller (D-Calif.) and senators Dianne Feinstein (D-Calif) and Barbara Boxer (D-Calif) have asked DOE to stop BPA from signing contracts with Northwestern customers and excluding California
10/10/2000 -- Market watch, Oct. 10
Cold US weather and hot tempers in the Middle East pushed up world energy futures prices Monday. The November contract for benchmark US light, sweet crude jumped $1 to $31.86/bbl on the New York Mercantile Exchange, while the December contract gained 94� to $31.85/bbl.
10/09/2000 -- Phillips Petroleum awards Bayu-Undan contract
Phillips Petroleum (91-12) Pty. Ltd. has awarded J. Ray McDermott SA, a subsidiary of McDermott International Inc., New Orleans, contracts to perform work on the Bayu-Undan gas recycle project in the Timor Sea.
10/09/2000 -- Major oil companies to develop industry software infrastructure
Chevron Corp., the Royal Dutch/Shell Group, and Schlumberger Ltd. signed a memorandum of understanding to create a new company to develop and market the next generation of standardized software infrastructure, or 'middleware,' for upstream applications and data integration, company officials said Monday.
10/09/2000 -- Electric Power news briefs, October 9
Unicom Energy Inc. ... AGL Resources Inc. ... Virginia Natural Gas ... Westcoast Energy Inc. ... Engage Energy Canada LP .... Edison Sault Electric Co. ... Southern California Edison Co. ... San Diego Gas & Electric Co. ... Frost & Sullivan
10/09/2000 -- Transportation news briefs, Oct. 9
Dansk Olie og Naturgas � Polish Oil & Gas Co. � Statoil � Willbros West Africa � Spie-Capag (Jersey) � M.E. Zukerman Energy Investors � Kinder Morgan � ExxonMobil � Qatar Shipping � Shina Shipbuilding
10/09/2000 -- Market watch, Oct. 9
Energy futures prices closed generally higher in trading on the New York Mercantile Exchange Friday. The November contract for benchmark light, sweet crude rose 33� to settle at $30.86/bbl, while the December contract stood at $30.91, up by 37�.
10/06/2000 -- Justice seeks information on Con Ed-Northeast Utilities merger
Grid operator ISO New England said Friday it has received a civil investigative demand from the US Department of Justice to produce information in conjunction with the Justice Department's investigation of the acquisition of Northeast Utilities by Consolidated Edison Inc. The Northeast Utilities combination with Consolidated Edison will create the largest distributor of electricity in the US, with more than 5 million customers, and 1.4 million natural gas customers.
10/06/2000 -- US consumers can expect higher heating fuel bills this winter
It could cost US consumers $190-$240 more to heat their homes this winter than a year ago, officials of the Energy Information Administration (EIA) predicted Friday in their short-term energy outlook for October.
10/06/2000 -- GTI and TICORA Geosciences partner to serve emerging resource gas development
The Chicago-based Gas Technology Institute said Thursday's it's acquiring for an undisclosed amount a 51% interest in Denver-based TICORA Geosciences Inc., a coalbed methane and shale resource evaluation firm.
10/06/2000 -- Ivanhoe Energy joins Syntroleum's Sweetwater GTL project
Ivanhoe Energy Inc. said Thursday it's acquiring a 13% stake in Syntroleum Corp.'s gas-to-liquids project in western Australia for $19 million cash plus an additional $2 million for front-end engineering and project development costs.
10/06/2000 -- Aquila buys generation assets from GPU
UtiliCorp United unit Aquila Energy, a large gas and power wholesaler, will buy interests in six power plants located in the US from GPU Inc. for $225 million. GPU�s interests in the plants to be sold are 500 Mw of operating capacity and one-half of a 715 Mw project in development. With this acquisition, Aquila will own or control more than 3,500 Mw of generation in operation, construction, or active development.
10/06/2000 -- The energy angle
The US faces no overriding energy problem at this time, only higher product prices that are a natural result of market forces.
10/05/2000 -- IEA welcomes US decision to use SPR
The governing board of the International Energy Agency met Wednesday and affirmed the agency's policy of not using security oil stockpiles other than for a significant oil supply disruption. IEA said that was not the case in the oil market today.

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