Transportation 2000 P

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 -- Transportation news briefs, Aug. 14
Horizon Offshore ... Enron Offshore Services & Technology ... Cigsa ... Pemex Exploracion y Produccion ... Independence Pipeline Co. ... ANR Pipeline ... Williams's Transco ...National Fuel Gas Co. ... Guardian Pipeline partners ... IPSCO ... CMS Energy ... WICOR ... Northern States Power ... Wyoming Interstate Gas ... Coastal 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 -- Electric Power news briefs, Aug. 14
Tengasco Inc. ... Huaneng Power International Inc. ... Questar Gas ... National Iranian Oil Co. ... South Jersey Gas ... Nicor Gas ... Duke Energy Field Services LLC ... Duke Energy Corp. ... Phillips Petroleum Co. ... Nicor Gas ... Royal Dutch/Shell Group ... Fitch IBCA ... El Paso Electric Co. ... AmerenEnergy Resources Co.
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.
08/14/2000 -- Conoco engineer: West African Gas Pipeline 'not cost-effective'
The controversial and much-hyped West African Gas Pipeline project will not be cost-effective, said Michael Choi, a Conoco Inc. senior engineer, speaking at a conference of the Society of Petroleum Engineers in Abuja last week. Choi proposed shipping compressed gas by tanker instead, saying it would be faster and less expensive.
08/11/2000 -- California readying for another hot spell
After a brief respite, electricity-starved California is gearing up for another week of hot weather. The California Independent System Operator (ISO), the agency responsible for the state transmission grid, issued an alert for Friday through Tuesday in anticipation of deficiencies in operating reserves due to high loads and high temperatures.
08/09/2000 -- Finance/Companies news briefs, Aug. 9
Schlumberger Test & Transactions � Data Marine Systems � PTT Exploration & Production � Unocal � Mitsui Oil Exploration � PetroVietnam � Terra Industries � Mississippi Chemical � WellBid � eNersection � Wellogix
08/09/2000 -- Transportation news briefs, Aug. 9
Westcoast Energy � Pembina Pipeline � Trailblazer Pipeline � Kinder Morgan Energy Partners � Enron Trailblazer Pipeline � Tyumen Oil
08/09/2000 -- Berlinwasser Holdings to sell gasification business
Berlinwasser Holdings (BWH), the holding company for the Berlinwasser Group, Berlin, said Tuesday it's selling its 100% interest in the Sekundarrohstoff Verwetungszentrum Schwarze Pumpe GMBH (SVZ) recycling project and related gasification technology to Global Energy Inc. of Cincinnati.
08/09/2000 -- Panda, Entergy sign interconnection agreement
Entergy Corp. subsidiary Entergy Arkansas Inc. and Union Power Partners LP, a project affiliate of Panda Energy International Inc., Dallas, have signed an interconnection agreement allowing the Panda subsidiary to transmit bulk power from a merchant plant over Entergy's transmission system beginning in 2002. Panda says the agreement is another milestone in the development of the 2720 Mw El Dorado plant in El Dorado, Ark.
08/08/2000 -- Dynegy to acquire 1,700 Mw for $903 million
Dynegy Inc. will spend $903 million on two fossil-fueled power plants in the Northeast. The purchase will move the big energy merchant closer to its goal of acquiring 10-15%of the nation�s generating capacity. Central Hudson auctioned off the plants in accordance with New York�s deregulation plans.
08/08/2000 -- Nigerian politician calls for oil industry reform
Nigeria's oil industry regulatory agency, the Department of Petroleum Resources, may be scrapped soon and replaced with an independent petroleum corporation, says the chairman of the House committee on petroleum, West Idahosa. At a meeting with the management team of state-run Nigerian National Petroleum Corp., Idahosa said the new commission would draw its funds directly from federal coffers rather than rely on the oil industry operators it's supposed to monitor.
08/07/2000 -- Transportation news briefs, Aug. 7
Repsol-YPF � Gas Natural � Astilleros Espanoles � Williams ... Nigerian navy ... Agip
08/07/2000 -- Petronas, PTT consider building Myanmar NGL plant
The Thai and Malaysian state oil firms have teamed up to study the viability of building a $150 million NGL separation plant in Myanmar. The proposed facility would extract propane and butane from natural gas piped from Yetagun-Myanmar's second largest gas field, located in the Gulf of Martaban-to make LPG.
08/07/2000 -- Pembina pipeline spill contained; cleanup continues
A crude oil pipeline spill in the Pine River in northeastern British Columbia has been fully contained, and efforts are now focusing on cleanup and long-term recovery planning. Operator Pembina Pipeline Corp., Calgary, expected the line to be back in limited operation today.

Home

General Interest

Exploration & Development

Drilling & Production

Processing

Transportation

Home

2000

Transportation 2000 P