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Transportation 2000 P17

  • 06/23/2000 -- Panda Energy signs agreement to meet fuel needs
    Affiliates of Panda Energy International Inc. and El Paso Energy Corp. signed interconnection and transportation agreements to supply the fuel needs of 2,720-Mw power plant Panda is building in El Dorado, Ark. Panda CEO Robert W. Carter called the agreements a 'critical link' to completing what is expected to be largest US 100%-merchant power plant.
  • 06/23/2000 -- Panda Energy, El Paso sign pipeline agreements
    Affiliates of Panda Energy International Inc. and El Paso Energy Corp. signed interconnection and transportation agreements to supply the fuel needs of 2,720-Mw power plant Panda is building in El Dorado, Ark. Panda CEO Robert W. Carter called the agreements a 'critical link' to completing what is expected to be largest US 100%-merchant power plant.
  • 06/23/2000 -- BP Amoco invests in Spanish gas and power project
    BP Amoco PLC Friday said it will make an undisclosed multimillion-dollar investment in the Atlantic basin's first fully integrated LNG-based power project in northern Spain. The project consists of an 800 Mw combined-cycle gas turbine power plant, a 2.75 bcm/year regasification facility, LNG import terminal, and a total of 300,000 cu m storage capacity.
  • 06/23/2000 -- Japanese electric concerns shorten LNG contracts
    Japan's third largest electric utility, Tohoku Electric Power Co., says it will renew its expiring LNG import contract with Indonesia's Pertamina this summer for just 5 years, and that it could stop importing LNG from Indonesia altogether in 2009.
  • 06/22/2000 -- Statoil, Texaco team up to market aviation fuel
    Statoil Aviation and Texaco Global Aviation Marketing are forming a partnership, Jet Fuel Alliance, to market aviation fuel in Europe. The two companies have equal interests in the joint venture, which will coordinate their European supply services to airlines. Both will align network development activities, operations, logistics, and technical service resources through the partnership, officials said.
  • 06/22/2000 -- Imperial and partners study Mackenzie Delta gas pipeline
    Imperial Oil Ltd., Toronto, and partners with natural gas reserves in Canada�s Mackenzie Delta are considering an 800 MMcfd natural gas pipeline from the delta reserves to Norman Wells in the Northwest Territories, where Imperial operates an oil field. The firms are studying the feasibility of shipping gas in a new line that would run parallel to an existing oil pipeline operated by Calgary-based Enbridge Inc. from Norman Wells to pipeline connections in northern Alberta.
  • 06/21/2000 -- States seek right to amend federal tanker regulations
    Washington state legislators have begun actions to repeal 11 state laws regulating tankers that were knocked down by a unanimous decision of the US Supreme Court in March. But members of INTERTANKO, which successfully challenged that attempted regulation by the state, perhaps should not begin celebrating just yet. Sen. Slade Gordon (R-Wash.) earlier this month introduced a bill to amend the Oil Pollution Act of 1990 to permit states to add additional requirements to federal tanker regulations.
  • 06/21/2000 -- CNOOC starts up new Bohai Sea oil-gas field
    China National Offshore Oil Corp. has started commercial production from an oil and gas field in the Bohai Sea off northern China. Qikou 17-2, in the western part of the Bohai Sea, 45 km from Tianjin, has estimated reserves of 16.55 million tonnes of oil in a 9.1 sq km area.
  • 06/21/2000 -- Transportation news briefs, June 21
    France's National Assembly � Northern Border Pipeline � Williams Gas Pipeline � Cove Point LNG
  • 06/18/2000 -- Caspian Sea littoral states inch closer to an ownership agreement
    Moscow appears to be softening slightly its stance on division of the Caspian Sea territory among the states that border it. But it remains to be seen how quickly the five littoral states�Iran, Russia, Kazakhstan, Azerbaijan, and Turkmenistan�will settle their dispute over ownership of natural resources in the waters.
  • 06/16/2000 -- NUI Corp. to acquire Virginia Gas Co.
    NUI Corp., Bedminster, NJ, and Virginia Gas Co., Abingdon, Va., on Wednesday jointly announced plans to merge Virginia Gas into NUI as a wholly owned subsidiary in a stock acquisition valued at $22 million. The deal gives NUI access to Virginia Gas's 'significant' underground natural gas storage and pipeline facilities, which are well positioned to satisfy the rapidly growing demand for gas in western Virginia.
  • 06/16/2000 -- WPC: Executives discuss benefits of gas-sector globalization
    Globalization of the natural gas industry is a positive force that can help bridge the economic chasm between the world�s affluent and poor, says Texaco Inc. Chairman and CEO Peter I. Bijur. Bijur was one of several speakers at a World Petroleum Congress session in Calgary Thursday who predicted rapid globalization of the industry and world economy.
  • 06/15/2000 -- Alliance RTO files FERC papers
    The Alliance Regional Transmission Organization said it has filed documents with the US Federal Energy Regulatory Commission that will eliminate multiple transmission charges�known as 'pancaking'�among transmission systems within the Alliance RTO.
  • 06/15/2000 -- AEP completes CSW acquisition
    American Electric Power Co. (AEP), Columbus, Ohio, completed its $4.5 billion acquisition of Central and South West Corp., Dallas, today, creating an 11-state giant stretching from Michigan to Virginia and down to Texas. The US Securities and Exchange Commission (SEC) cleared the historic acquisition late Wednesday, nearly 2� years after the companies reported plans to merge in December 1997.
  • 06/15/2000 -- OMV reveals plans to develop Bass Strait fields
    OMV Australia Ltd., a subsidiary of Austrian oil and gas group OMV AG, has outlined its plans to develop the Patricia and Baleen gas fields, located about 23 km from shore in the eastern portion of Bass Strait. Water depth at the fields is 55 m.
  • 06/15/2000 -- Finance/Companies news briefs, June 15
    Gas Technology Institute � Kvaerner Construction � Whessoe International � Ranger Oil � Petrobank Energy & Resources � Burlington Resources � PanCanadian Petroleum � Samson Canada � TotalFinaElf ... Mobil Oil Australia ... Institut Fran�s du P�ole ... Yukos ... Maxx Petroleum ... Samson Investment ... Torch Exploration Co. ... Bellwether Exploration Co.
  • 06/14/2000 -- Gaz de France, Poland initiate gas cooperation
    Prompted by expectations that the Polish gas market will double during the next decade, Gaz de France (GdF) and Polish Oil & Gas Co. (PGNIG) this week announced they've signed an industrial and commercial cooperation agreement. The deal calls for GdF to be closely associated with the development of natural gas and the gas industry in Poland, including gas production and electricity generation.
  • 06/14/2000 -- Tennessee gas line to tie-in to High Island Offshore System
    Tennessee Gas Pipeline, a unit of Houston-based El Paso Energy Corp., on Wednesday said it will build a new 17.5-mile, 20-in., 400 MMcfd natural gas pipeline to connect Tennessee's existing system in the Gulf of Mexico to the High Island Offshore System (HIOS).
  • 06/13/2000 -- Gulfstream Resources signs PSA with Oman
    Gulfstream Resources Canada Ltd., Calgary, has signed a gas sales agreement with Oman's Ministry of Oil and Gas to develop Hafar Block 30 onshore. The project is the first gas development in Oman by a concession holder based on an exploration and production-sharing agreement, the company reported.
  • 06/13/2000 -- Pemex seeks bids for processing plants
    Petroleos Mexicanos (Pemex), Mexico�s state-owned oil monopoly, said it is seeking bids to build two cryogenic natural gas-processing plants and a storage and distribution terminal in Reynosa.
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