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Transportation 2000 P12

  • 08/21/2000 -- El Paso Natural Gas pipeline rupture kills 10, injures more
    A natural gas pipeline belonging to El Paso Natural Gas Co., a wholly owned subsidiary of El Paso Energy Corp., ruptured Saturday morning, causing an explosion that killed 10 people�including 5 children�and injured several more.
  • 08/20/2000 -- Issues & Analysis: Electric transmission gridlock
    OGJ Online Senior Power Writer Ann de Rouffignac examines the Federal Energy Regulatory Commission's proposal to make the nation's transmission operate more efficiently and the industry's response to it.
  • 08/18/2000 -- US LNG trade in growth mode
    BP Friday became the second big oil company to order new LNG tankers. BP said it has placed an order worth in excess of $300 million with South Korea's Samsung Heavy Industries Co. for two tankers�and options to buy a further three vessels. Shell International Gas Ltd. earlier reported it ordered two LNG carriers from the Mitsubishi Heavy Industries shipyard in Japan. Tankers of both companies will be used to supply the Cove Point terminal in Maryland where both have secured capacity.
  • 08/18/2000 -- General Interest news briefs, Aug. 18
    India�Alaska's Department of Natural Resources�Zimbabwe�National Oil Co. of Zimbabwe
  • 08/18/2000 -- India, Iran discuss trans-Pakistan pipeline
    India's Foreign Ministry has announced a high-ranking government delegation is on its way to Tehran to forge the first joint committee to discuss the transportation of gas from Iran to India.
  • 08/18/2000 -- BP orders two tankers to develop LNG trade
    Energy giant BP has placed an order worth more than $300 million with South Korea's Samsung Heavy Industries Co. for two new liquefied natural gas carriers�and options to buy a further three vessels�as part of a strategy to develop the group's international traded gas business.
  • 08/18/2000 -- Duke Energy International completes $297 million Australian pipeline
    Duke Energy International, a subsidiary of Duke Energy Corp., Charlotte, NC, announced Wednesday that it has finished building the $297 million Eastern Gas Pipeline in Australia. The pipeline runs from Longford, Victoria, to Sydney.
  • 08/18/2000 -- Alliance pipeline completed
    The $4.6 billion (Can.) Alliance natural gas and liquids pipeline from western Canada to the US Midwest has completed the construction phase and is now commissioning its main line, laterals, compressors, and supervisory equipment.
  • 08/16/2000 -- Finance/Companies news briefs, Aug. 16
    CMS Energy�Marathon Ashland Petroleum�TEPPCO Partners�Centennial Pipeline�Michael Petroleum�MPAC Energy�Wayland Investment Fund�Tracer Petroleum�Kuwait Petroleum International Co.
  • 08/16/2000 -- Statoil's Heidrun north flank on stream
    Norway's Statoil AS said oil production began flowing Aug. 15 from the Heidrun north flank development in the Norwegian Sea. The project is part of Statoil's 5.6 billion kroner Heidrun plateau program. Output from the north flank will extend plateau production from the Heidrun tension leg platform (TLP), totaling 125 million bbl, to 2004.
  • 08/16/2000 -- After delay, NEB approves Maritimes & Northeast lateral
    After a delay, the Canadian National Energy Board, Calgary, approved an application from Maritimes & Northeast Pipeline Management Ltd. to open the Point Tupper pipeline lateral. The Maritimes & Northeast Pipeline carries gas from the Sable Offshore Energy Project off Nova Scotia to markets in Canada and the gas-hungry US Northeast.
  • 08/16/2000 -- NEB approves application to open Maritimes & Northeast Pipeline lateral
    The Canadian National Energy Board, Calgary, approved an application from Maritimes & Northeast Pipeline Management Ltd. to open the Point Tupper pipeline lateral. The Maritimes & Northeast Pipeline carries gas from the Sable Offshore Energy Project off Nova Scotia to markets in Canada and the US Northeast.
  • 08/16/2000 -- Electric Power news briefs, August 16
    Kauai Island Utility Cooperative ... Citizens Communications ... Electric Lightwave Inc. ... Consolidated Edison Co. of New York Inc. ... PLTsolutions Inc. ... Ambient Corp. ... TransCanada PipeLines Ltd. ... Albrecht Inc. ... FirstEnergy Services Corp. ... Reliant Energy Inc. ... BMC Software Inc.
  • 08/16/2000 -- AEC to buy shares in its pipeline limited partnership
    Alberta Energy Co. Ltd., (AEC) Calgary, plans to buy outstanding units of its pipeline limited partnership for $288 million (Can.) in stock. The offer values each unit of AEC Pipelines LP at $9, a 31% premium over the Aug. 11 closing price of $6.85 (Can.). The board of AEC pipelines is recommending the offer to unit holders.
  • 08/16/2000 -- Los Angeles approves $1.7 billion power proposal
    Against the backdrop of a statewide power emergency, the Los Angeles city council Tuesday approved a sweeping $1.7 billion proposal to upgrade and repower 2,900 Mw of electric generating capacity owned by the municipal Department of Water and Power. The program is intended to help satisfy a growing demand for electricity, repower existing plants, add new capacity to meet super peak needs, and help finance the expansion with the sale of DWP's share of the Mohave power plant.
  • 08/15/2000 -- Counterparty risk rising with gas prices
    Counterparty risk is rising along with high natural gas prices. MCN Energy Group Inc., Detroit, blamed a $9 million charge or 11�/share in the second quarter 2000 on potentially uncollectible account receivables in its energy marketing group. And with gas trading at more than $4/mcf for most of the summer, some industry experts expect a coming shakeout among smaller and weaker players.
  • 08/15/2000 -- Electric Power news briefs, August 15
    Retx.com ... Silicon Energy Corp. ... Reliant Energy Inc. ... Lodestar Corp ... TurboChef Technologies Inc. ... Gas Research Institute ... Allegheny Energy Inc. ... Mountaineer Gas Co. ... California Energy Commission ... Sunlaw Cogeneration Partners ... UtiliCorp United Corp.
  • 08/14/2000 -- Coastal expands refined products distribution system
    Coastal Corp. affiliate Coastal Liquids Partners LP is expanding its Rio Grande Valley refined products distribution system by 30%, company officials announced Monday. Work has already started on the expansion, which will provide additional gasoline and diesel for the fast-growing market along the Texas-Mexico border.
  • 08/14/2000 -- Executive Q&A: Dynegy's Steve Bergstrom
    Oil & Gas Journal Online Power Editor Kate Thomas on July 17 interviewed Steve Bergstrom, president of Dynegy Inc. about the evolving energy marketplace and Dynegy's role in it. Dynegy Inc. caught the gas and power convergence wave early on and is now engaged in power generation; and marketing, gathering, processing, and transportation of energy.
  • 08/14/2000 -- AltaGas acquires two pipeline systems from TransCanada
    AltaGas Services Inc., Calgary, has closed the purchase of the Porcupine Hills Pipeline and has agreed to acquire the Kahntah pipeline, both from TransCanada PipeLines Ltd., for a total cost of $15.8 million (Can.). AltaGas will assume operation of the facilities.
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