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Transportation 2000 P4

  • 11/28/2000 -- Electric Power news briefs, November 28
    Beacon Power Corp. ... Bay Gas Storage Co. Ltd. ... EnergySouth Inc. ... Enron Corp. ... Solo Energy Corp. ... AES Corp. ... TotalFinaElf SA ... Consolidated Edison Co. of New York Inc. ... Northeast Utilities ... U.S. Energy Systems Inc. ... Cinergy Solutions Inc. ... Zahren Alternative Power Corp.
  • 11/28/2000 -- NTSB warns of gas migration dangers
    The US National Transportation Safety Board said Tuesday that pipeline operators may need improved procedures to inform excavators about the danger of underground migration of gas from damaged pipelines. NTSB accepted a report on a Jan. 22, 1999, pipeline rupture in Bridgeport, Ala.
  • 11/28/2000 -- EnronOnline to reach $300 billion by yearend
    About $300 billion in commodities will have been traded on EnronOnline by yearend, exceeding the company's wildest expectations, and outstripping early forecasts for all e-commerce potential, says Michael S. McConnell, chief executive of Enron Global Markets, a unit of Enron Corp. Some 1,150 products are being offered for sale via EnronOnline and 13 currencies are being traded, McConnell said.
  • 11/28/2000 -- Woodside rejects Shell's offer as 'inadequate'
    Woodside Petroleum Ltd.'s independent directors Tuesday rejected as 'inadequate' a sweetened offer by an Australian unit of the Royal Dutch/Shell Group to gain 56% controlling interest in that company, up from the 34.3% it now holds. They said the offer 'does not contain an adequate premium for transfer of control of the company to Shell.'
  • 11/27/2000 -- Clarkson sees strong demand for oil tankers
    Strong demand for oil tankers should carry the shipping market into another banner year, reports Clarkson Research Studies, London. It noted that International Maritime Organization proposals may require 70 million dwt of single-hulled tankers to be retired by the end of 2005.
  • 11/24/2000 -- Alaska's choice
    Alaska Gov. Tony Knowles said his state will push for construction of a gas pipeline from the North Slope to Albera, paralleling the oil pipeline and Alaska Highway.
  • 11/23/2000 -- Gaz de France takes 10% stake in Petronet LNG
    French gas major Gaz de France SA will pick up a 10% stake in Petronet LNG Ltd., building on an existing "strategic partnership" with the Indian national gas pipeline company. Gaz de France Chief Executive Officer Pierre Gadonneix said his company had "identified India as one of our four priority investment areas."
  • 11/23/2000 -- Singapore agrees to review Indonesian gas supply deal
    The Indonesian government yesterday received the endorsement of the Singapore authorities to review its $8 billion natural gas supply contract as part of plans to issue bonds to raise $500 million, according to a report from the Organization of Petroleum Exporting States news agency, OPECNA.
  • 11/23/2000 -- Petronet LNG relaxes �force majeure� clause
    India�s national gas pipeline company, Petronet LNG Ltd., has relaxed the 'force majeure� clause in the contract agreement for its proposed liquefied natural gas (LNG) shipping deal. The clause was brought on to par with global levels after the company�s agreed to pay the normal charter hire rates to shipowners and operators during the period that �force majeure� is in effect.
  • 11/22/2000 -- Finance/Companies news briefs, Nov. 22
    Western Geophysical � Magic Earth � Empire Energy � European Bank for Reconstruction and Development � Frontera Resources � Sunland Construction � Woodson Construction � HBH � Kori � Transcoastal Marine Services � Enterprise Products Partners � Repsol-YPF � Repsol Petroleum � Sutton Oil Group � Tyumen Oil � Onako �
  • 11/22/2000 -- Electric Power news briefs, November 22
    Tennessee Valley Authority ... Innogy Technology Ventures ... Sempra Energy ... New York Power Authority ... Wal-Mart Stores Inc. ... AES CILCO ... Danaher Corp. ... Dominion Resources ... United Power Corp. ... Edison Mission Energy ... Texaco Power & Gasification ... AstroPower Inc.
  • 11/22/2000 -- Transportation news briefs, Nov. 22
    Allseas Marine Contractors � Halliburton Subsea � Petroleum Authority of Thailand � Japan National Oil � Enbridge Pipeline � TEPPCO Crude Pipeline � Duke Energy Field Services � Bighorn Gas Gathering
  • 11/21/2000 -- CGES agrees OPEC must cut output to avoid price slide
    The London-based Center for Global Energy Studies (CGES) has agreed that the Organization of Petroleum Exporting Countries must cut production before next March to avoid a collapse in crude prices. It said that assuming a normal winter, no disruptions to Iraqi oil exports, and a 3.2% growth in global oil demand, world oil prices would 'slide.'
  • 11/20/2000 -- California still battling power shortages
    California is still struggling to keep the lights on after customers voluntarily cut demand almost every day last week. With a less than 7% reserve margin, the California Independent System Operator (ISO) called a Stage 1 emergency at 5:30 a.m. Monday. Expected demand appears to come close to the state�s available state generating capacity and potential imports.
  • 11/20/2000 -- ENI to sell part of Snam as part of gas restructuring
    ENI SPA's directors have approved the restructuring of its Snam subsidiary and its storage business. Natural gas transmission activities will be transferred to a new company in 2001 to comply with EU and Italian decrees deregulating the gas sector.
  • 11/20/2000 -- Alaska to promote highway route for gas pipeline
    Alaska Gov. Tony Knowles on Friday said a gas pipeline to take Prudhoe Bay gas reserves to Lower 48 markets should parallel the existing oil pipeline to Fairbanks, and then follow the Alaska Highway south. Knowles said that pipeline route would be faster and cheaper to build than one from the North Slope across the Beaufort Sea to the Mackenzie River Delta.
  • 11/20/2000 -- Electric Power news briefs, November 20
    Endesa ... Charbonnages de France ... SNET ... Electricite de France ... New York Mercantile Exchange ... BP ... Illinois Power ... Dynegy ... Southern Energy ... Midwest Independent System Operator ... Alliance RTO ... Mitsubishi Heavy Industries America Inc. ... Western Resources ... Southern Co. ... TEPPCO Partners ... CMS Energy ... Volta River Authority ... AES Nile Power Ltd. ... Skanska ... Tennessee Valley Authority ... Nicor Energy ... Wolverine Power Marketing Cooperative
  • 11/17/2000 -- Duke Energy, Williams to buy Gulfstream pipeline, suspend Buccaneer plans
    Duke Energy Corp. and Williams have agreed to purchase Coastal Corp.'s 100% interest in the Gulfstream gas pipeline, which would deliver Gulf of Mexico gas to Florida. Duke Energy and Williams will develop the Gulfstream line rather than their competing Buccaneer pipeline.
  • 11/17/2000 -- Phillips to sell holdings in Alberta's Zama field
    Phillips Petroleum Resources Ltd., Calgary, wants to sell its interests in the Zama oil and gas fields in northern Alberta, which produce 16,500 boe/d. Jim Taylor, president of the Canadian unit of Oklahoma-based Phillips, said the company plans to redeploy assets into core areas. It will retain about 2,000 boe/d of production in Canada.
  • 11/16/2000 -- Shell signs strategic alliance agreement with CNOOC
    Shell Overseas Investments BV�a wholly-owned subsidiary of Royal Dutch/Shell Group�and China National Offshore Oil Corp. have agreed to jointly develop projects in oil and gas exploration and production and gas marketing.
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