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General Interest 2000 P

  • 09/22/2000 -- Gas industry execs: High prices a certainty for winter
    Natural gas producers said in a IOGCC summit this week the industry is responding to price incentives. But increased production won�t come in time to avert high prices for consumers this winter. The industry is trying to drill more to increase supply, but the very low prices two years ago that slashed drilling and exploration are the seeds for today�s natural gas price problem.
  • 09/22/2000 -- Market watch, Sept. 22
    International energy futures prices plunged Thursday with a plea by Vice-President Al Gore for President Bill Clinton to tap the US Strategic Petroleum Reserve (SPR) in an effort to drive down US energy prices prior to the November election. The market sell-off escalated as US Energy Sec. Bill Richardson indicated that Clinton was seriously considering releasing oil in blocks of 5 million bbl from the emergency reserve.
  • 09/22/2000 -- Production at what cost?
    Through the latter half of the 1990s, the UK North Sea offshore industry was eager to hold itself up as a shining example of a forward-looking business that had been streamlined by rigorous, if sometimes painful, cost-reduction practices.
  • 09/21/2000 -- Gore urges SPR drawdown to combat high oil prices
    Vice Pres. Al Gore Thursday urged President Clinton to draw down part of the government's Strategic Petroleum Reserve to force down oil prices before the onset of winter. Gore, the Democratic Party�s presidential candidate, also urged Congress to appropriate $400 million in additional energy assistance for low income families and tax credits to heating oil distributors to help them build stocks.
  • 09/21/2000 -- AEP, Texas's LCRA form transmission venture
    American Electric Power Co. Inc., (AEP) Columbus, Ohio, and Texas's Lower Colorado River Authority (LCRA)Thursday said they are forming a $90 million partnership to build a segment of a proposed 219-mi high-voltage power line that will move electricity from wind farms and natural gas- fired power plants in west Texas to power consuming regions of the state.
  • 09/21/2000 -- Market watch, Sept. 21
    Energy futures prices closed mixed in trading on the New York Mercantile Exchange Wednesday. The October contract for benchmark light, sweet crude jumped by 69� to settle at $37.20/bbl for October delivery, while the November contract stood at $35.24, up by 23�.
  • 09/20/2000 -- Gas prices evoke reregulation fears
    High natural gas prices this winter could spawn a renewed call from federal regulators or Congress for price controls or even a windfall profits taxes�measures that would only exacerbate a bad situation, some participants warned Wednesday at the Governors Natural Gas Summit sponsored by the Interstate Oil & Gas Compact Commission (IOGCC) in Columbus, Ohio.
  • 09/20/2000 -- CGES: Winter of discontent ahead for oil prices
    Severe weather this winter could disrupt shaky oil prices as the market is pulled between a shortage of middle distillates for consumers and an oversupply of heavy sour crude production, according to the Center for Global Energy Studies (CGES), London. CGES said middle distillate stocks in the Atlantic Basin are at record lows, and though refiners have made the switch to maximum distillate yields and are running at full throttle, stocks have 'barely risen in recent months.'
  • 09/20/2000 -- Aker again rejects Kværner bid
    Norwegian offshore contracting group Aker Maritime AS this week urged its shareholders to turn down compatriot Kværner AS's recent takeover offer on the grounds that the bid was "highly conditional and subject to Kværner's complete and absolute discretion" and did not reflect the "full value of Aker."
  • 09/19/2000 -- Electric Power news briefs, September 19
    TransAlta Corp. ... Bayer AG ... Dow Chemical Co. ... Nova Chemicals Corp ... Acme Electric Corp. ... Key Components LLC ... HoustonStreet Inc. ... BayCorp Holdings Ltd. ... Entergy Corp. ... The Shaw Group Inc. ... Rural Utilities Service ... National Power Cooperative ... Oglethorpe Power Corp. ... Unitil Corp. ... Commonwealth Edison Co. ... PG&E Corp. ... Keith Cos. Inc. ... Ocean Power Corp. ... Hydrogen Performance Technologies Inc. ... International Fuel Cells ... and Toshiba Corp
  • 09/19/2000 -- Market Watch, Sept. 19
    Energy futures prices again rose in trading on the New York Mercantile Exchange Monday. The squabble between Kuwait and Iraq over ownership of oil fields contributed to the rise. With no clear signs of a decrease in tensions in the Middle East, traders kept bidding up the prices nervously.
  • 09/18/2000 -- Exec: Electricity supplies 80% of US energy growth
    The US and other industrialized nations are shifting from oil-based to electricity driven economies, UtiliCorp United Inc. Pres. Robert K. Green told 400 energy executives attending an industry strategy conference Monday in Vail, Colo. In the US, for example, 80% of the growth in energy demand since 1990 has been met by electricity.
  • 09/18/2000 -- States join opposition to Unocal patent
    California Atty. Gen. Bill Lockyer has told the US Supreme Court that Unocal Corp. should not be allowed to "hijack and distort" the state regulatory process by claiming a patent on reformulated gasoline formulas developed in cooperation with the government.
  • 09/18/2000 -- Peru to award Camisea transport contract Oct. 20
    Peru�s Camisea committee will hold the tender to award the transport and distribution concessions for the Camisea natural gas project Oct. 20, according to Energy and Mines Minister Jorge Chamot. The tender has already been postponed twice.
  • 09/18/2000 -- Market watch, Sept. 18
    International energy prices shot up Friday amid concerns over escalating tensions between Iraq and Kuwait in the Middle East and the possible threat of a hurricane to offshore production in the Gulf of Mexico.
  • 09/18/2000 -- Members of US Congress object to Unocal gasoline patent
    Seven members of the US House of Representatives Thursday urged the Supreme Court to overturn Unocal Corp.�s patent for reformulated gasoline (RFG). Three oil industry groups, including the American Petroleum Institute, filed a similar friend-of-the court brief on Wednesday.
  • 09/15/2000 -- Chemical group seeks changes in EPA's endocrine study
    The Synthetic Organic Chemical Manufacturers Association (SOCMA), Washington, DC, last month urged the US Environmental Protection Agency to refine the proposed database that will be used to select chemicals for EPA's Endocrine Disruptor Screening Program (EDSP).
  • 09/15/2000 -- Processing news briefs, Sept. 15
    MOL � UOP � Chevron Chemicals � Chinese Petroleum Corp. � Formosa Oil � Uni-President Enterprises � Hsianglu Chemical & Fiber � Grand Pacific Petrochemical � Total Raffinage-Distribution � Pak-Arab Refinery � Total Parco Pakistan
  • 09/15/2000 -- Market watch, Sept. 15
    Energy futures prices generally closed higher in trading on the New York Mercantile Exchange Thursday, with oil reversing its brief, post-OPEC-meeting decline and natural gas reaching an all-time high. News about tensions between two neighboring countries in the Middle East affected the market in a bullish manner. Iraq is again accusing Kuwait of stealing its oil after Kuwait drilled in a zone straddling the two countries' border.
  • 09/15/2000 -- Crude rallies despite Rodriguez output pledge
    Brent crude oil futures rallied back on the International Petroleum Exchange (IPE) in London yesterday after slipping sharply on news of the Organization of Petroleum Exporting Countries (OPEC) Pres. Ali Rodriguez Araque's assurance that the oil exporting organization could raise output by a further 2 million b/d if "needed" by the market.