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Processing 2000 P19

  • Tue Nov 21 18:11:00 CST 2000 -- World's first commercial wave power station begins operation
    The world�s first commercial wave power station has successfully fed electricity into the UK�s national grid, on the Scottish island of Islay, said sponsor Wavegen. The station has a 15-year power purchase agreement with Public Electricity Suppliers, Scotland. Wavegen and Queen�s University Belfast jointly developed the Land Installed Marine Powered Energy Transformer with European Union support. LIMPET is rated at 500 kw and able to provide enough electricity for about 400 local homes.
  • Wed Nov 22 12:11:00 CST 2000 -- FERC: Curtailing transmission frustrates US Southeast
    The US Southeast experienced a 354% increase in transmission line curtailments this past summer over 1999, raising the question of whether such constraints are impeding development of a competitive market in the region, says the Federal Energy Regulatory Commission. The staff investigation found evidence the right of vertically integrated to reserve transmission capacity has been used to deter merchants from siting plants in their respective service territories.
  • Wed Nov 22 13:11:00 CST 2000 -- US Energy Sec. Richardson proposes Western region rate cap
    US Energy Sec. Bill Richardson Wednesday proposed the Federal Energy Regulatory Commission cap rates on existing California electric generation and look into imposing a similar cap throughout the Western region. Richardson filed comments on behalf of the Department of Energy concerning problems in the California wholesale power markets. The Energy Department also said FERC should revisit its investigation of market power abuse in California.
  • Thu Nov 23 04:11:00 CST 2000 -- TransCanada inks deals in C$3 billion divestiture program
    Calgary-based TransCanada PipeLines Ltd. stands to collect $190 million through the sale, announced today, of its natural gas pipelines and marketing interests in Mexico to a unit of Gaz de France SA, and a Venezuelan gas processing facility to Williams International. The sales form part of a $3 billion (Can.) plus divestiture program by the Canadian company.
  • Thu Nov 23 11:11:00 CST 2000 -- Executive Q&A: API's Cavaney: Winter fuels issues point to need for energy policy
    Red Cavaney, the American Petroleum Institute's president and CEO, recently discussed the nation�s winter fuel supply outlook and energy policy options in an interview with OGJ Online Managing Editor Patrick Crow.
  • Fri Nov 24 00:11:00 CST 2000 -- Is OPEC production cut warranted? Maybe, but not in January
    Is OPEC's consideration of a production cut after the first of the year warranted?
  • Mon Nov 27 16:11:00 CST 2000 -- Camisea natural gas project gets green light
    Following appointment of Peru's Energy and Mines Minister Carlos Herrera last week, two consortia expect to sign contracts Dec. 5 for development of the Camisea gas fields and the transportation and distribution of production. The two consortia�one for the development of the fields and one for transportation and distribution of production�were originally to have signed the contracts Tuesday.
  • Tue Nov 28 16:11:00 CST 2000 -- Processing news briefs, Nov. 28
    Borealis � Middle East Oil Refinery � Foster Wheeler International � Atofina Petrochemicals � Jacobs Engineering Group � National Fertilizer � Pak-American Fertilizer Factory � Fuchs Petrolub � Alhamrani Group � Naseer Brother
  • Wed Nov 29 17:11:00 CST 2000 -- Reliant executive calls for federal restructuring
    Robert Harvey, vice chairman Reliant Energy Inc., says the window has closed on market conditions fostering deregulation of the electricity industry. The process has slowed and resulted in an incomplete transition to competition in the wholesale electricity market. Problems remain with access to transmission lines owned by utilities, he says.
  • Thu Nov 30 08:11:00 CST 2000 -- Regulators say Wisconsin Energy plan raises big questions
    In a filing sure to set off a tough regulatory and legislative struggle, Wisconsin Energy Corp. Thursday asked the Public Service Commission to rule a new generation affiliate can build 1,700 Mw of merchant generating capacity within its electric utility's service territory under existing state law. Wisconsin Energy is also asking for permission for Wisconsin Electric Power Co., its electric utility subsidiary, to spin off existing fossil fuel generation assets to the generation affiliate.
  • Thu Nov 30 09:11:00 CST 2000 -- Market watch, Nov. 30
    Renewed concerns about potential disruptions to Iraqi oil exports helped fuel a rebound in energy futures prices Wednesday on the New York Mercantile Exchange following Tuesday's 'spectacular sell-off' in reaction to news of warmer-than-expected weather forecasts. NYMEX sweet, light crude, the American benchmark, advanced 41� to finish at $34.63/bbl for January delivery, while the February contract stood at $33.49, up by 28�.
  • Thu Nov 30 16:11:00 CST 2000 -- Crown in 'strategic discussions'
    Crown Central Petroleum Corp., Baltimore, Md., is discussing strategic alternatives with large shareholders, Apex Oil Co. and Rosemore Inc., officials said Thursday. On Nov. 1, Crown extended by 30 days the deadline for Apex Oil to make a definitive offer for that beleaguered company.
  • Fri Dec 01 16:12:00 CST 2000 -- Iraq curbs oil exports in UN dispute
    Iraq stopped its crude exports Friday, as part of its continuing efforts to breach United Nations trade sanctions imposed on that country. But that move is unlikely to have much immediate effect on world markets and probably won't last long, industry analysts said. US Energy Sec. Bill Richardson said Thursday that the Clinton administration might release more oil from the SPR to help offset the loss of Iraqi crude.
  • Fri Dec 01 16:12:00 CST 2000 -- California governor proposes own plan for power market
    California will encourage power plant construction, overhaul the boards of two state electricity agencies, and promote energy conservation, Gov. Gray Davis said Friday in a letter to the Federal Energy Regulatory Commission. He also reiterated his call for retroactive refunds to customers who paid high electric bills this past summer and said utilities should not be forced to sell off any more electric generating capacity, a condition of California's deregulation law.
  • Mon Dec 04 09:12:00 CST 2000 -- Thailand EGCO's boosts holdings in hydro power plant
    Electricity Generating PLC(EGCO), Thailand's first independent power producer, has acquired an additional 5% stake in Laos' largest hydroelectric project from Transfield Pty Ltd. of Australia. The $4.9 million (US) deal marked the complete pull out of Transfield from the $1.1 billion Nam Thuen 2 power project, following its sale earlier of a 5% interest in the venture to Electricite de France (EDF).
  • Mon Dec 04 11:12:00 CST 2000 -- Online Feature: C-Port II latest addition to Port Fourchon
    C-Port II is the latest addition to the rapidly expanding Port Fourchon on the Louisiana coast. Edison Chouest Co. built the facility as another of its one-stop logistics centers for fluids, bulk material, cement and pipe for offshore operators in the deepwater Gulf of Mexico.
  • Mon Dec 04 12:12:00 CST 2000 -- Aux Sable liquid products facilities begin operations
    Aux Sable Liquid Products Inc., Lisle, Ill., said operations began Dec. 1 at its gas liquids extraction and fractionation facilities in Channahon, Ill., in conjunction with the start-up of commercial service on the Alliance Pipeline system. Aux Sable's facilities will process gas delivered through the Alliance line from Canada at an initial rate of up to 1.6 bcfd.
  • Mon Dec 04 16:12:00 CST 2000 -- Analysts: China may be causing 'missing barrels' effect
    China's growing oil inventory and improved refinery utilization rate could explain the so-called missing barrels in global supply and demand analysis, said Credit Suisse First Boston Corp. (CSFB). It said many of the dislocations between supply, demand, and price are attributable to abnormal crude trading patterns by China's refining industry.
  • Tue Dec 05 09:12:00 CST 2000 -- NCRA, Farmland Industries to end joint venture
    The National Cooperative Refinery Association (NCRA) and Farmland Industries Inc. of Kansas City, Mo., said Monday they will end their year-old Cooperative Refining LLC joint venture Dec. 31. NCRA and Farmland Industries founded the venture to jointly manage Farmland's 95,000 b/d refinery at Coffeyville, Kan., and NCRA's 80,000 b/d refinery at McPherson, Kan.
  • Tue Dec 05 11:12:00 CST 2000 -- Merchant power firms now 20% of US market
    Nonutility electric companies are playing an increasingly larger role in the US electricity market. Merchant generation jumped 70% to 167,357 Mw in 1999, or about 20% of total US capacity, compared to 1998, as merchant power producers bought and built power plants to supply growing demand. Merchant power companies built 8,000 Mw of mostly gas-fired capacity in 1999, says the US Energy Information Administration, just a fraction of the 145,417 Mw the industry has announced plans to construct.
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