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Transportation 2000 P

  • 09/28/2000 -- Members of US Congress call for tougher pipeline safety bill
    Two key Democrats in the US House of Representatives Thursday criticized the Senate-passed pipeline safety bill and urged their colleagues to pass even tougher legislation to protect people living and working near gas and hazardous liquids lines.
  • 09/28/2000 -- Sakhalin Energy awards LNG specification contract
    Sakhalin Energy Investment Co. Ltd. has awarded a contract relating to a 9 million-ton liquefied natural gas plant to be built on Sakhalin Island to a consortium headed by Fluor Daniel, a unit of Fluor Corp. Under the $10 million contract, the companies will provide engineering services to prepare project specification and Russian permitting documents.
  • 09/28/2000 -- Exploration/Development news briefs, Sept. 28
    PANACO � Kestrel Energy � Hurricane Hydrocarbons
  • 09/27/2000 -- Quicksilver Resources announces Indiana/Kentucky asset purchase
    Quicksilver Resources Inc., Fort Worth, Tex., said Tuesday it's agreed to purchase from Dominion Reserves-Indiana Inc.�a subsidiary of Houston-based Dominion Exploration and Production Inc.�all of Dominion's Corydon project natural gas assets located in Harrison County, Ind., and Meade County, Ky.
  • 09/27/2000 -- AEC eager to get started on Ecuador pipeline
    If Alberta Energy Co. Ltd. (AEC), Calgary, and its partners receive approval to build an $850 million (US) crude oil pipeline in Ecuador, AEC says, they could begin the project within several months.
  • 09/27/2000 -- SEPCo outlines Na Kika project, reveals Princess discovery
    Shell Exploration & Production Co. (SEPCo) Wednesday outlined a $1.26 billion plan to develop the Na Kika deepwater project with the Gulf of Mexico�s first floating production/storage vessel. Project approval by Shell�s 50:50 partner, BP, is pending. Shell said the fields included in the Na Kika project and a newly discovered field, Princess, had combined reserves of more than 500 million bbl. Both are in the Mississippi Canyon area off Louisiana.
  • 09/27/2000 -- Southern Energy trades above offering price
    In a strong market for energy stocks, Southern Energy Inc. opened trading on the New York Stock Exchange Wednesday at $28�, up $6� over the $22/share offering price. Market observers expect an independent Southern Energy to generate better returns and puts the company on a more similar footing with firms such Enron Corp. and Dynegy Inc. in a deregulating energy market. Following the offering, Atlanta-based Southern Co. will continue to own about 80% of Southern Energy's stock.
  • 09/27/2000 -- BG International signs Iranian LNG joint venture agreement
    BG International, a unit of BG Group, announced on Monday that it had signed a joint venture with Iran's Oil Industries Engineering Construction Co. to 'pursue opportunities for the first liquefied natural gas export project in Iran.'
  • 09/25/2000 -- Energy companies to create online trading platform
    Seven energy companies, including subsidiaries of Tulsa-based Williams, Royal Dutch/Shell Group, and Koch Industries Inc. of Wichita, Kan., announced plans Monday to form an online trading platform called TradeSpark LP for natural gas, electricity, coal, weather derivatives, and emission credits.
  • 09/25/2000 -- Enterprise Products Partners to expand Gulf Coast operations
    Enterprise Products Partners LP, the US' second-largest publicly traded midstream energy partnership, says it plans to expand its Gulf Coast midstream system with a recent acquisition. Enterprise agreed to buy Acadian Gas LLC, a unit of Shell Oil Co. affiliate Coral Energy LLC, Houston, for $226 million cash.
  • 09/25/2000 -- Electric Power news briefs, September 25
    Enterprise Products Partners LP ... Acadian Gas LLC ... Coral Energy LLC ... Vectren Corp. ... PSEG Power LLC ... Duke/Fluor Daniel ... TXU Energy Trading .... eSpeed .... Coral Energy ... Dominion Resources Inc. ... Koch Energy Trading Inc. ... Williams Energy Marketing & Trading Co. ... Cantor Fitzgerald LP ... Dynegy Inc. ... Reliant Energy Gas Transmission Co. ... Niagara Mohawk Power Corp. ... Excelergy Corp. ... Enmax Corp.
  • 09/25/2000 -- Exploration/Development news briefs, Sept. 25
    Gulf Canada Resources � Talisman Corridor � Pertamina � Corridor Resources � Potash � Phillips Petroleum � Wyoming Oil & Minerals � Skyline Resources � Magnum Hunter Resources � El Paso Production � TransGlobe Energy � DNO � Ansan Wikfs (Hadramaut) � Norsk Hydro � Noble Affiliates � McMoRan Exploration � AMG Oil � Swift Energy � Antrim Oil & Gas � Marabella Enterprises � Indo-Pacific Energy � Phillips Petroleum � Petrolex Energy
  • 09/25/2000 -- New tax stability rules for Peruvian oil contracts
    The Peruvian government has changed the rules on tax rate stability in petroleum and mining contracts signed since Sept. 7, including those that were already in process with government entities. The companies named in these contracts are liable to taxes created later. Companies with contracts signed before that date are not liable for any changes in tax legislation.
  • 09/25/2000 -- Finance/Companies briefs, Sept. 25
    GATX Terminals � Olympic Pipe Line � BP � Koch Global Bandwidth Services � Caminus � HoustonStreet Exchange � Energy Trading Standards Group � ABB Energy Information Systems � Automated Power Exchange � OpenLink Energy � RedMeteor.com � Triple Point Technology � GFInet � Sapient � Evro-TEK � Onako � Sibneft � Cabot � Tractebel � Sithe Energy � Toreador Resources � Texona Petroleum � Tracer Petroleum � Mullins Group
  • 09/25/2000 -- Processing news briefs, Sept. 25
    Sable Offshore Energy � CCR Technologies � Shell Chemicals � Honeywell � Sonatrach � BASF � Lurgi AG
  • 09/24/2000 -- Qatargas to expand LNG production capacity
    The Qatar liquefied natural gas company (Qatargas) is expanding its annual capacity to 8.2 million tons of LNG from the current level of 6 million tons. The company's managing director, Faisal al Suweidi, said he expected approval from the firm's board of directors for a debottlenecking operation that would help in raising production by year's end.
  • 09/24/2000 -- North West Shelf LNG project signs sales letter of intent, considers train expansion
    Partners in the Australian North West Shelf Venture's liquefied natural gas project signed letters of intent for the sale of 1 million tonnes/year of LNG to Tokyo Gas Co. Ltd. and Toho Gas Co. Ltd., Woodside Energy Ltd. announced Friday. The agreements provide significant encouragement to expand the joint venture�s Karratha-based production facilities in Western Australia by about 50%, said John Akehurst, the managing director of Woodside Energy, operator of the venture.
  • 09/24/2000 -- Agip to invest $1 billion in Nigerian oil industry
    Agip Nigeria, a unit of Eni SPA, plans to invest $1 billion in the Nigerian oil industry in the next 3 years to increase its production to 360,000 boe/d from the current 240,000 boe/d, said Gros Pietro, chairman of Eni.
  • 09/22/2000 -- Gore's SPR bid undermines Saudi campaign to ease oil prices
    Gore's SPR bid actually undermines Saudi campaign to ease oil prices in the logner term; $50/bbl may be on the horizon.
  • 09/21/2000 -- Electric Power news briefs, September 21
    Suburban Propane Partners LP ... Standard & Poor's ... Edison Mission Midwest Holdings Co. ... PG&E Generating Co. LLC ... Public Service Co. of Colorado ... Black Hills Corp. ... Dominion Resources Inc. ... Algonquin Power Income Fund ... International Fuel Cells ... United Technologies Corp. ... Black Hills Corp. ... Evergreen Resources Inc. ... Shell Hydrogen US ... Evergreen Resources Inc. ... Kansas City Power & Light Co. ... IdaTech LLC ... Dominion Transmission Inc. .... Caminus Corp