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Transportation 2000 P15

  • 07/19/2000 -- Burlington, Talisman to develop Algerian fields
    Burlington Resources Inc., Houston, and Calgary-based Talisman Energy Inc. said Tuesday that they have submitted a development plan for the Menzel Lejmat Block 405a in Algeria's Berkine basin. Wholly owned subsidiaries Burlington Resources Algeria Ltd. and Talisman (Algeria) BV, as well as Sonatrach, the national oil and gas company of Algeria, have applied for an exploitation permit for the block.
  • 07/18/2000 -- Electric power news briefs, July 18
    Calpine ... GE Power Systems ... Texas Eastern Products Pipeline Co. ... ARCO Pipe Line ... CMS Trunkline ... Bonneville Power Administration ... SeaWest WindPower Inc.
  • 07/18/2000 -- Three US energy firms to form GridSouth
    Three big energy companies operating in the Carolinas Tuesday reported plans to form a regional transmission organization with 22,000 miles of transmission lines and to be named GridSouth. CP&L Energy Inc., Duke Energy Corp., and SCANA Corp. said the proposal will be filed with the Federal Energy Regulatory Commission by October 16 and will be consistent with FERC's intent to have all utilities in the country operating in regional transmission organizations by Dec. 15, 2001.
  • 07/17/2000 -- Exploration/Development news briefs, July 17
    BP Amoco ... Unocal ... BHP Petroleum ... ADMA-OPCO ... Petroleum Geo-Services ... KazTransGas ... Tractebel ... Rosneft ... Shell ... Lukoil ... Gazprom ... Petrotech Peruana ... Maple Gas
  • 07/17/2000 -- Pertamina's Bontang complex to supply LNG to India
    Indonesian state oil and gas firm Pertamina has reached a preliminary agreement to supply Indian Oil Co. (IOC) with 1.8 million tonnes/year of LNG from the Bontang LNG complex on the east coast of Borneo. After signing a memorandum of understanding with Pertamina last week, IOC Chairman M.A. Pathan said both companies have nominated teams to negotiate the details of the contract.
  • 07/17/2000 -- PDVSA halts plan to sell Jose terminal
    Venezuela�s state oil company has decided against selling its Caribbean crude oil terminal at Jose to a consortium headed by Enbridge Inc., Calgary, for $385 million (US). Petroleos de Venezuela SA said another operating contract could be granted to Enbridge and partners, however, following the recent cancellation of their previous contract.
  • 07/14/2000 -- INTERTANKO: Unlawful detentions of captains, crews threaten oil supply
    Oil spill incidents and the public outrage they create are prompting countries to unlawfully detain tanker captains and crew more frequently for extended periods of time, says the International Association of Independent Tanker Owners (INTERTANKO), Oslo. The association said finding good crew in these circumstances will be difficult.
  • 07/14/2000 -- Gas storage lags; AGA says too early to worry
    After a June heat wave, cooler weather in California kept the lid on gas prices in the western US during the past week. But injections of natural gas into storage are still running behind last year and historic patterns, say the American Gas Association and US Department of Energy analysts.
  • 07/14/2000 -- Osaka Gas buys stakes in Timor Sea fields
    Osaka Gas Co. Ltd., Japan's second largest city gas utility, has acquired a 10% stake in the Greater Sunrise and Evans Shoal gas and condensate fields in the Timor Sea off northwestern Australia from Woodside Petroleum Ltd. and Shell Australia Ltd.
  • 07/14/2000 -- DIAMONDS AND OIL: WHY CARTELS NEVER LAST
    Cartels never last. In an interesting coincidence, the Organization of Petroleum Exporting Countries' latest flirtation with cartel behavior ends just as a much more-durable cartel unravels.
  • 07/13/2000 -- Tractebel to buy Cabot LNG for $680 million
    France's Suez Lyonnaise des Eaux unit Tractebel said Thursday it has purchased Cabot Corp. subsidiary Cabot Liquefied Natural Gas, Boston, for $680 million, vaulting the company into the ranks of major players in the important New England gas and electricity market.
  • 07/13/2000 -- Conoco to upgrade Oklahoma refinery
    Conoco Inc. said Tuesday it would expand the sulfur recovery capacity of its Ponca City, Okla., refinery by 50% to reduce SO2 emissions and take advantage of less-expensive sour crude available to the refinery. Conoco will spend $22 million to install a new amine regeneration unit at the refinery.
  • 07/13/2000 -- Construction crew ruptures LA crude line
    Construction crews performing road work on a Los Angeles street struck an Equilon Pipeline Co. crude oil pipeline, releasing an undetermined amount of oil near the intersection of Lincoln Blvd. and Jefferson Blvd. Pipeline flow was halted immediately, and the oil was contained quickly.
  • 07/12/2000 -- GATX to sell terminals division
    GATX Corp., Chicago, on Tuesday announced that it intends to sell GATX Terminals Corp., a wholly owned subsidiary specializing in the storage and distribution of bulk petroleum and chemical products.
  • 07/12/2000 -- Nigerian pipeline explosion kills 250
    At least 250 people were killed in a pipeline explosion Monday near the villages of Oviri Court and Adeje in Nigeria's Delta state. The incident is the latest in a string of similar accidents that have occurred as a result of illegal tapping of Nigeria's product pipelines.
  • 07/12/2000 -- Cabot delivers LNG to Puerto Rican plant
    Cabot Corp. unit Cabot LNG LLC, Boston, reported Tuesday it made the first delivery of LNG to Puerto Rico�s first independent power plant and LNG receiving terminal, the EcoEl�rica facility, under a 20-year agreement.
  • 07/11/2000 -- Power shortages cost Silicon Valley manufacturers
    The California power dearth has caught so many high tech manufacturers in Silicon Valley off guard, that their trade association held a special meeting Monday to discuss the industry�s options. While Oracle Corp, Hewlett-Packard Co., and Cisco Systems Inc. can survive a power outage with their own back-up power systems, others have still not taken steps to deal with blackouts.
  • 07/11/2000 -- Electric Power news briefs, July 11
    Bell Atlantic Corp. ... AES Corp. ... NewEnergy ... El Paso Energy Partners ... Crystal Gas Storage ... Quanta Services Inc. ... Sumitomo Electric Industries Ltd. .... PLT Solutions ... Cleco Corp. ... Williams ... Quest Resource Corp. ... Siemens ... BP Amoco PLC ... IGI Resources
  • 07/11/2000 -- Myanmar finally approves second Yadana gas pipeline
    Myanmar told a three-company international consortium to proceed with a long-delayed project to build a $200 million gas pipeline from Myanmar's largest hydrocarbon resource, Yadana gas field in the Gulf of Martaban to an onshore location near the capital of Rangoon. The Myanmar junta realized that it needs the indigenous natural gas to fuel its power plants near Rangoon. However, the other elements of the plan�a consortium-owned power station and fertilizer plant�remain on hold indefinitely.
  • 07/11/2000 -- Iraq poised to expand petroleum sector quickly when UN lifts sanctions
    Iraq's position as a dominant player in the global oil market is assured in the long run. The key question, of course, is when United Nations sanctions�which depend mainly on the US position�will be lifted. This was the consensus reached at a conference concerning mainly Iraq and held in Versailles July 6 and 7.
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