Transportation 2000 P

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.
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.
07/05/2000 -- Electric Power news briefs, July 5
Laclede Gas Co. ... PPL Corp. ... Constellation Power Source ... Enmax Energy Corp. ... Epcor Utilities Inc. ... Orion Power MidWest LP ... University Park Energy LLC ... Calpine Corp. ... Kinder Morgan Texas Pipeline ... UtiliCorp NZ Ltd. ... Fortum Engineering ... Babcock & Wilcox
07/03/2000 -- Transportation news briefs, July 3
Comision Reguladora de Energia � Tractebel � Caspian Pipeline Consortium � Calpine � Midcoast Energy Resources � Fortum � Sumitomo Heavy Industries
07/03/2000 -- ExxonMobil: Hoover-Diana on stream
ExxonMobil Corp. reported Monday the start of oil and gas production from the world's deepest offshore drilling and production platform on the Hoover-Diana development project, located in 4,800 ft of water in the Gulf of Mexico, some 200 miles south of Houston. There are production platforms in deeper water, but this is the platform in deepest water with both capabilities.
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.

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