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Transportation 2000 P16

  • 07/10/2000 -- Japanese utility to own, operate LNG carriers
    Japan's largest city gas utility, Tokyo Gas Co., says it has placed an order with Kawasaki Heavy Industries Ltd. for two LNG carriers at an estimated cost of �40 billion. Tokyo Gas already owns interests in two LNG carriers, but the move marks the first time a Japanese gas utility has opted solely to own and operate its own LNG carriers. Tokyo Gas says the purchase of the carriers is aimed at reducing its import costs.
  • 07/07/2000 -- Finance/Companies news briefs, July 7
    Brazil's Securities and Exchange Commission ... Petroleo Brasileiro SA ... HSBC Holdings PLC ... Bradesco Banco ... ABN Amro Holding ... Finasa ... Unibanco ... Crestar Energy ... CMS Oil & Gas Ecuador ... Qatar Fertilizers Co. ... Norsk Hydro AS
  • 07/07/2000 -- California barge power plant needs approval
    Borrowing a quick-fix solution popular in Third World countries, California's PG&E Corp. wants to move a barge-mounted power plant to the San Francisco area for emergency electricity service by mid-August. But the barge remains docked at Freeport, Tex., while state and local permits are pending with regulatory authorities.
  • 07/05/2000 -- Consortium seeks to import LNG at Kakinada, India
    A consortium led by Indian Oil Corp. (IOC) has put in a bid to develop LNG import facilities and related businesses at Kakinada port in Andhra Pradesh on India�s eastern coast.
  • 07/05/2000 -- India sets terms for LNG transportation contracts
    India has set a standard for the maximum participation of foreign firms in consortia that transport waterborne LNG shipments into the country. The government has ruled that the Indian partner in any foreign shipping consortium bidding to transport LNG for government-owned Petronet LNG Ltd. must be given at least a 26% equity throughout the contract period of 25 years.
  • 07/03/2000 -- Transportation news briefs, July 3
    Comision Reguladora de Energia � Tractebel � Caspian Pipeline Consortium � Calpine � Midcoast Energy Resources � Fortum � Sumitomo Heavy Industries
  • 06/30/2000 -- El Paso, Unocal take stake in Petrobras pipeline, production facilities
    El Paso Energy International and Unocal Corp. have signed a definitive agreement with Petroleo Brasileiro SA to acquire an interest in the Pescada-Arabaiana oil and natural gas pipeline and production project in Brazil. El Paso and Unocal hold stakes in a 50-50 joint venture called Potiguar II SARL. Potiguar II will purchase from Petrobras 114 km of oil and gas pipeline, including 73 km of 26-in., multiphase mainline and related production facilities in northeastern Brazil.
  • 06/30/2000 -- Gujarat state prefers Hazira for LNG terminal
    The state government of Gujarat, India, this week said it has made clear its preferred choice among the four potential sites under consideration for LNG terminals in the state. The authorities are putting their weight behind the Royal Dutch/Shell Group, which has identified Hazira as the favored location for constructing an LNG terminal and regasification complex.
  • 06/30/2000 -- Tracer, Rose Queshm to form Caspian-Iran oil swap venture
    Tracer Petroleum Corp., Calgary, on Thursday said it has signed a memo of understanding with Iran's Rose Queshm Co. (RQC) to form a partnership to handle crude oil swaps in Iran.
  • 06/30/2000 -- PIRINC: US Midwest gasoline market remains tight
    Petroleum Industry Research Foundation Inc. (PIRINC) said Thursday that the US Midwest gasoline market remains very tight and vulnerable to more price increases until inventories are rebuilt: 'As production and logistics problems are overcome, prices will moderate; indeed, this is already happening. However, until inventories are rebuilt, the system remains vulnerable.'
  • 06/29/2000 -- California ISO reduces price cap to $500/Mw-hr
    Over the objections of independent power producers, the California Independent System Operator voted to lower the price cap on wholesale electricity purchases to $500/Mw-hr from $750/Mw-hr until Oct. 15.
  • 06/29/2000 -- Pakistan proposes tripartite talks on Iran-India gas line
    Pakistani officials have proposed tripartite talks on a memorandum of understanding among Pakistan, Iran, and India to take political action to resolve issues surrounding the proposed Iran-India natural gas pipeline. 'Our proposal is that, before we start talking in commercial terms, we should have the three governments come to a political confirmation and commitment at the top authority,' Pakistan Minister of Petroleum Usman Aminuddin said in an interview with the Iranian News Agency.
  • 06/28/2000 -- Transportation news briefs, June 28
    Bahia de Bizkaia Gas � SN Technigaz � Initec � Sofregaz � ILF Consulting Engineer � Karachaganak Petroleum Operating � Pembina Pipeline � Western Facilities Fund � Vector Pipeline � Northern Indiana Public Service Co. � Crossroads Pipeline � Spinnaker Exploration � Horizon Offshore .. Enbridge � Williams � Northfill Industries ... Imperial Oil Ltd. ... Pembina Pipeline Corp.
  • 06/28/2000 -- California ISO declares Stage 2 alert
    With electricity operating reserves expected to fall below 5%, the California Independent System Operator issued a Stage Two emergency alert Wednesday, directing Southern California Edison Co. to cut its load 430 Mw.The California ISO said electric reserves continue to be in short supply from the Northwest to the Southwest as a heat wave continues to permeate the West.
  • 06/27/2000 -- California ISO issues Stage 2 power alert
    The California Independent System Operator issued a Stage Two statewide electrical emergency alert today, ordering utilities Pacific Gas & Electric Co., Southern California Edison Co., and San Diego Gas & Electric Co. to activate voluntary load management programs in phases, requiring curtailment of enough megawatts to maintain a 5% operating reserve.
  • 06/27/2000 -- Singapore Petroleum to acquire stake in Kakap PSC
    Singapore Petroleum Co. (SPC) has agreed to acquire a 15% stake in the Kakap production-sharing contract in Indonesia's West Natuna Sea from Louisiana Land & Exploration Co. (LL&E). Under the deal, SPC�owned jointly by Singapore's Keppel FELS Oil & Gas Services Pte. Ltd. and Japan's Itochu Petroleum Co.�will purchase LL&E Indonesia, which holds the Kakap PSC interest. The value of the deal was not disclosed.
  • 06/26/2000 -- BHP to develop five Algerian fields
    BHP Petroleum Pty. Ltd. has made a number of announcements recently on a number of fronts around the world. Most important to the company�s resurgence after some recent cost cutting and management shakeouts, BHPP has committed $316 million (Aus.) to contribute to the development of five oil fields centered on Rhourde Oulad Djemma (ROD) field in the Sahara Desert in Algeria.
  • 06/26/2000 -- Electric Power news briefs, June 26
    CS Energy Ltd. ... Santos Ltd. ... Columbia Energy Group ... Duke/Fluor Daniel ... Utilimax ... Maine Natural Gas ... FirstEnergy Services Corp. ... Kent State University ... American Electric Power ... PG&E Corp.
  • 06/26/2000 -- PDVSA Gas to select pipeline project partner in September
    PDVSA Gas, a unit of state oil corporation Petroleos de Venezuela SA, expects to sign by September a contract covering its first major natural gas project involving a system of pipelines and valve stations, the company announced Friday.
  • 06/25/2000 -- TotalFinaElf buys stake in Bolivia-Brazil gas line
    TotalFinaElf SA is indirectly acquiring a 9.7% stake in the Brazilian section of the $2 billion Brazil-Bolivia gas pipeline. The French company is acquiring the 33.3% interest that Australia's Broken Hill Proprietary Co. Ltd. has in BBPP Holdings Ltda., which owns a 29% stake in Brazil's Tranportadora Brasileira Gasoduto Bolivia-Brasil SA, owner and operator of the Brazilian section of the pipeline.
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