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Transportation 2000 P18

  • 06/13/2000 -- Reliant backs off pipes sale
    Reliant Energy Inc., Houston, will keep two natural gas distribution companies and natural gas pipeline operations the company previously said it might put up for sale in a move to reposition Reliant as a growth company. Jefferies & Co. downgraded the stock. But Reliant CEO Steve Letbetter said the company's growth strategy remains unchanged.
  • 06/12/2000 -- Sempra, PG&E Corp., Proxima plan Mexican gas pipeline
    Sempra Energy International, a subsidiary of Sempra Energy, San Diego; Pacific Gas & Electric Corp.'s National Energy Group, San Francisco; and Mexico's Proxima Gas SA de CV jointly reported a plan to build a $230 million, 212-mile natural gas pipeline to serve the high-growth northern Mexico market.
  • 06/12/2000 -- Proposed pipeline to serve Mexican power needs
    Sempra Energy International, a subsidiary of Sempra Energy, San Diego; Pacific Gas & Electric Corp.'s National Energy Group, San Francisco; and Mexico's Proxima Gas SA de CV jointly reported a plan to build a $230 million, 212-mile natural gas pipeline to serve the high-growth northern Mexico market.
  • 06/11/2000 -- Gazprom's Vyakhirev expresses distaste for EU gas liberalization
    Speaking at the World Gas Conference in Nice last week, Gazprom Chairman Dr Rem Vyakhirev dismissed as 'a mess' the forthcoming liberalization of the European Union gas market, which he said would be 'out of fashion in a few years.' He added that he has no intention of following in Algerian state firm Sonatrach's footsteps by forming parnerships to deal with new customers on a more or less short-term basis.
  • 06/11/2000 -- CHINA FREE TRADE: Effects of reduced trade barriers will exceed those of lower tariffs
    The US Senate will be pushing this summer to approve permanent normal trade relations with China, and China is expected to enter the World Trade Organization later this year. Considering the likely outcomes of these events, Honolulu's FACTS Inc. believes the lowering of trade barriers such as import quotas and import rights will be more significant than tariff reductions.
  • 06/11/2000 -- Cove Point completes LNG terminal open season
    Cove Point LNG LP has completed an open season for firm LNG tanker discharging service at its Cove Point LNG terminal in Lusby, Md., officials said. The limited partnership executed binding precedent agreements with Coral LNG Inc., El Paso Merchant Energy-Gas LP, and a subsidiary of BP Amoco PLC that fully subscribe the service offered in the open season. The three customers will enter into service agreements with Cove Point LNG upon receipt of appropriate regulatory approvals.
  • 06/09/2000 -- Shell awards McDermott pipeline contract
    Shell Deepwater Services, a unit of Royal Dutch/Shell, acting on behalf of Equilon Pipeline Co. LLC and Nemo Gas Gathering Co., awarded J. Ray McDermott Inc. a contract to install oil and gas pipelines for Shell's Brutus tension leg platform (TLP) development project in the Gulf of Mexico, officials said Friday.
  • 06/09/2000 -- Pemex awards pipeline contract
    Petroleos Mexicanos has awarded a $33.6 million contract to a joint venture of Horizon Offshore Inc. and Enron Offshore Services & Technology, a division of Enron Engineering & Construction Co. to install six pipelines in the Bay of Campeche.
  • 06/09/2000 -- IEA lowers oil demand projections
    Higher oil prices and revised figures showing increased exports from the former Soviet Union prompted the Paris-based International Energy Agency to ramp down its demand projections for crude oil to an average 76.2 million b/d, compared to its May estimate of 76.5 million b/d.
  • 06/09/2000 -- Russia's energy chief
    Russia's oil sector views the appointment of a new energy minister and less autonomy at the Fuel and Energy Ministry as positive signs.
  • 06/09/2000 -- Operators, regulators urge FPSO use in US waters
    An international panel of government regulators and industry operators testified Wednesday to some 20 years of successful use of floating production, storage, and offloading vessels to develop offshore oil fields around the world. But despite one strong recommendation that FPSOs be treated like any other permanent offshore production facility, US Coast Guard officials emphasized that such vessels will be regulated as ships if the US Minerals Management Service okays their use in US waters.
  • 06/08/2000 -- Southern Energy buys PEPCO assets for $2.65 billion
    Southern Energy Inc., Atlanta, said Thursday it will acquire power plants with electric generating capacity totaling 5,154 Mw and other assets from Potomac Electric Power Co. for $2.65 billion, bringing Southern Energy's total generating capacity to some15,000 Mw and giving the company entre into the energy-hungry US Northeast.
  • 06/08/2000 -- New Saudi gas pipeline serves power station
    Saudi Aramco has completed a key natural gas pipeline project to extend the kingdom's master gas system from the eastern province to Riyadh, where it will serve a major electric generating station. The pipeline project is part of the $2 billion Hawiyah gas project and will free up crude for export.
  • 06/07/2000 -- Saudi Aramco commissions gas pipeline
    Saudi Aramco has completed a key natural gas pipeline project to extend the kingdom's master gas system from the eastern province to Riyadh, where it will serve a major electric generating station. The pipeline project is part of the $2 billion Hawiyah gas project and will free up crude for export.
  • 06/07/2000 -- World Gas Conference focuses on EU market opening
    While Pierre Gadonneix, Chairman and CEO of Gaz de France, and Gary Neale, Chairman of the American Gas Association, both see a 'brilliant future' for natural gas in the new millennium, describing it as the 'energy of the 21st Century,' Gadonneix says the European Union's gas industry is facing 'major upheaval' in both cost and supply challenges.
  • 06/06/2000 -- Georgian parliament ratifies Baku-Ceyhan agreement
    Georgian parliamentary deputies voted unanimously May 31 to ratify a package of agreements for construction of the Baku-Ceyhan oil export pipeline from the Caspian Sea region to the Turkish Mediterranean Coast. Georgia stands to earn up to $62.5 million in annual transit fees from oil transported through that pipeline.
  • 06/06/2000 -- CMS reviews ownership of Australian assets
    US energy group CMS Energy Corp. is reviewing its continued ownership of its Western Australian pipeline investments as well as other international assets. CMS has already withdrawn from bidding for Western Australia�s $1 billion (Aus.) gas-pipeline utility AlintaGas and in February said it plans to sell its half share of the $4.8 billion (Aus.) Loy Yang power generation station in Victoria.
  • 06/06/2000 -- Transportation news briefs, June 6
    Manta Ray Offshore Gathering � Horizon Offshore Contractors � Pipeline Research Council International, Inc. � Technical Toolboxes, Inc. � PipelineCentral.com � Vector Pipeline � Enbridge Inc. � Westcoast Energy Inc. � MCN Energy Group Inc.
  • 06/06/2000 -- Pakistan, Turkmenistan discuss gas pipeline
    Pakistani ruler Gen. Pervez Musharraf met with Turkmen President Saparmurat Niyazov in Ashgabat last month to discuss proposals for a gas pipeline between the two countries. The proposed 1,600-km line from the Dauletabad fields in the south of Turkmenistan to the central Pakistani city of Multan is considered a key future outlet for the Central Asian republic's gas reserves. The two countries hope to involve Iran in the project.
  • 06/05/2000 -- Electric Power news briefs, June 5
    Consolidated Edison ... CMS Energy ... Scottish Power ... National Grid Co. ... Dynegy ... Tennessee Gas Pipeline ... American Electric Power ... Niagara Mohawk Power .... El Paso Merchant Energy
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