General Interest 2000 P

09/08/2000 -- Rush to regulate
At a time when you'd expect the US Environmental Protection Agency to be winding down some initiatives, it seems to be winding up.
09/08/2000 -- Next few months to decide whether 4-6 year up cycle on tap for oil
It almost beggars the imagination that this industry was in a severe slump scarcely a year ago, and yet here we are, contemplating the prospects of $35/bbl oil and $5/Mcf gas.
09/08/2000 -- A fine state of affairs
The fundamental structural change currently being experienced by the oil and gas industry at large is finding a deep resonance in Norway with the hotly debated issue of Statoil's privatization and the future of the state's direct financial interest (SDFI) in the Norwegian Continent Shelf.
09/07/2000 -- Indonesia-Singapore gas sales agreement firms up
Gulf Indonesia Resources Ltd. announced this week that Indonesia's state owned oil and gas company Pertamina and Gas Supply Pte. Ltd., an indirect, wholly owned subsidiary of Singapore Power, have initialed a detailed gas sales agreement and supporting schedules under which Pertamina will supply natural gas to Singapore. The gas sales agreement, together with all supporting agreements, is expected to be executed by Nov. 15, 2000, says Gulf Indonesia.
09/07/2000 -- UK independents' financials boom on production and oil price
UK independent oil companies Enterprise Oil PLC and Cairn Energy PLC each turned in extremely strong interim results today, fuelled by the persistently high oil price and production successes. Enterprise reported post-tax profits of �196 million, a record for the company, while Cairn announced profits after tax of �18.3 million, a 138% improvement on the same period last year.
09/07/2000 -- Indian lands spur power developer interest
Continuing a growing trend to build power plants on Indian reservations, SeaWest Wind Power Inc. will develop a 22 Mw wind power project on Blackfeet tribal lands near Browning, Mont. Other power developers have also identified opportunities for power plants on tribal lands. Calpine Corp. was the first developer to clinch a contract with tribal officials by getting federal permits to build a 500 Mw natural gas-fired power plant on the Fort Mojave Indian Reservation in Arizona 2 years ago.
09/07/2000 -- Market watch, Sept. 7
Energy futures prices continued their strong rise in trading on the New York Mercantile Exchange Wednesday, despite an American Petroleum Institute report that US crude oil stocks are up. The October contract for benchmark light, sweet crude advanced by $1.07 to finish at $34.90/bbl for October delivery, while the November contract stood at $33.98, up $1.00. October-delivery natural gas ended the day at $5.07/Mcf.
09/06/2000 -- Starwood, Enron ink $1 billion energy management contract
Starwood Hotels and Resorts Worldwide Inc. has contracted with Enron Energy Services, a unit of Enron Corp., Houston, to manage the energy for its hotels in a 10-year deal worth more than $1 billion, the companies reported Wednesday. Under the agreement Enron will supply or procure electricity and natural gas; manage energy use through the implementation of energy-saving projects; and provide energy price stability for the upscale hotel chain.
09/06/2000 -- Nigeria threatens military action over pipeline vandalism
The Nigerian government on Monday said the Niger Delta states must crack down on vandalism of petroleum product pipelines. If police are not able to do the job, the military will step in. The government issued the ultimatum in response to losing more than 600 lives and $40 million to petroleum product pipeline vandalism this year. About 24 cases of vandalism were reportedly recorded just last week.
09/06/2000 -- California congressman want to halt BPA's preferential sales
Congressman Brian Bilbray, San Diego, is introducing a bill today in Congress intended to stop the Bonneville Power Administration, a federally owned power company, from preferentially selling its cheap hydroelectric power to other public entities. The bill is supposed to �level the playing field� and allow any company, including investor-owned utilities, to buy the federally generated power at the same low prices enjoyed by public entities.
09/05/2000 -- MMS offers Gulf of Mexico royalty oil
The US Minerals Management Service is planning its first pilot project offering federal royalty oil from Gulf of Mexico leases. The agency plans to offer 35,000 b/d of oil from 58 federal leases in the gulf. Delivery will be for a 6-month period beginning Nov. 1, with the opportunity for a 6-month extension.
09/05/2000 -- Executive Q&A: Apache Chairman Raymond Plank
OGJ Online Senior Oil & Gas Writer Sam Fletcher interviewed Raymond Plank, chairman, chief executive, and founder of Apache Corp., at the company's Houston headquarters on Aug. 17, when the company closed its latest acquisition�32 fields in the Gulf of Mexico bought from Occidental Petroleum Corp. for $385 million.
09/01/2000 -- CSO share in Cal Dive up for sale
Paris-headquartered Coflexip Stena Offshore SA (CSO) yesterday made known it would be taking offers for the whole of its 25.5% interest in Cal Dive International Inc (CDI), in order to capitalize on a share price that has multiplied nearly six-fold since CSO first invested in the US offshore construction company 3 years ago.
09/01/2000 -- West Virginia Trenton deep gas play turning heads
Plays for gas in Ordovician and perhaps Cambrian zones in central West Virginia have grabbed the attention of many formerly without interest in Appalachian basin operations. Columbia Natural Resources Inc., Charleston, W.Va., touched off the play about 18 months ago with a Trenton discovery in Roane County that evidenced bottomhole pressures of 6,600 psia and indicated flow capabilities of around 50 MMcfd (see map, OGJ, Nov. 8, 1999, p. 81).
09/01/2000 -- Europe steps on the gas
Behind the stated objective of the European Commission's gas directive, which came into force on Aug. 10, of "ensur[ing] the free movement of gas and improv[ing] security of supply and industrial competitiveness," is the more nebulous notion of leveling the competitive playing field among those member states exporting and importing gas.
08/31/2000 -- AES wins control of El Salvadoran distribution firms
Through a subsidiary, AES Corp. Thursday said it has agreed to acquire Reliant Energy's stake in El Salvador Energy Holdings SA for an undisclosed sum. Through the purchase of Reliant Energy International's interest, AES will own the controlling interest in the three distribution companies. The sale is expected to close by the end of the third quarter.
08/31/2000 -- Market watch, Aug. 31
International energy futures continued to escalate Wednesday, as traders reacted to a smaller increase in US inventories last week than they had expected.
08/30/2000 -- Electric Power news briefs, August 30
Duke Energy North America ... Elk Hills Power LLC ... TransEnergie US Ltd. ... ABB Group ... Holland Energy LLC ... Parsons Energy & Chemicals Group ... Southern Union Co. ... Providence Energy Corp. ... Fall River Gas Co. ... Valley Resources Inc. ... Automated Credit Exchange ... Hallmark Cards Inc. ... UtiliCorp Energy Management ... Duke Energy Gas Transmission Corp. ... Market Hub Partners ... NiSource Inc.
08/30/2000 -- Independent company ranking confirms Conoco's E&P revitalization
Conoco ranked first in exploration and production results in a comparative-performance analysis of 13 major integrated energy companies by Prudential Securities for 1995-99, company officials reported Tuesday. The Prudential study ranked Conoco in the highest tiers for, among other things: production income, along with BP Amoco (now BP) and TotalFina (now TotalFinaElf); production replacement ratios, along with Royal Dutch/Shell Group and TotalFina; and upstream returns, along with Shell.
08/30/2000 -- Market watch, Aug. 30
Energy futures declined Tuesday on the New York Mercantile Exchange as traders locked in profits prior to a new American Petroleum Institute report that US inventories of oil and petroleum products increased last week.

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