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Transportation 2000 P6

  • 11/02/2000 -- Sonatrach, South African firms to cooperate in energy projects
    The Algerian state oil and gas company Sonatrach and South Africa's Central Energy Fund signed an agreement to develop energy partnership opportunities identified during workshops in Algiers this week.
  • 11/01/2000 -- Finance/Companies news briefs, Nov. 1
    Chaparral Resources � Capco Resources � Reliant Services � Miller Pipeline � American Enviro-Services � Greene Environmental � PanCanadian Petroleum � Montana Power � Tracer Petroleum � Tenggara Oil � Sui Southern Gas Co. � Caltex Oil � Friede Goldman Halter � Harken Energy � Global Ventures/Consultants
  • 11/01/2000 -- South Korean companies opt out of Petronet LNG transportation race
    Three South Korean shipping lines�Hanjin Shipping, Samsung, and Hyundai Merchant Marine Co.�have opted out of the race in they were considered strong contenders to bag a liquefied natural gas transportation deal from the Indian government-owned Petronet LNG Ltd.
  • 10/31/2000 -- Japan to invest $3 billion in Iran oil, gas sector
    Japan will finalize a $3 billion dollar credit package for investment in Iran's oil and gas sector during the upcoming visit of President Mohammad Khatami to Japan, the Iranian News Agency said on Sunday. It said that the credit facility would be paid in yen to minimize the long-term fixed interest.
  • 10/30/2000 -- Sithe, Alstom complete Mexican power plant financing
    Independent power producer Sithe Energies Inc. and France's Alstom Power say they have completed financing of the second phase of a 460 Mw net electrical generating project in the fast-growing Mexican market. The $700 million project in Tamuin, Potosi, Mexico, is the largest single foreign investment in the Mexican power generation sector to date.
  • 10/27/2000 -- Regulators warn of possible 'voltage collapse' in Dallas-Fort Worth
    The Dallas-Fort Worth area of Texas could face a 'voltage collapse' as early as 2003, unless new generation and transmission lines are built to serve the area, the Public Utility Commission of Texas warns in a background paper 'Meeting the DFW Challenge.' The PUC is holding a public forum Nov. 7 to hear proposed solutions from consumer and industry groups.
  • 10/27/2000 -- Official: Electric power boosts Mexican gas demand
    Mexico's natural gas demand is projected to grow 10%/year for the next 10 years propelled in large part by soaring demand for gas-fired electric generation, but supply is expected to grow only about 7%/year, government energy officials said in Houston. To achieve the 7% growth rate will require a boost from the current growth of about 4%/year and enormous capital investment in both gas and power, said Dionisio Perez, head of the investment promotion unit for the Secretariat of Energy.
  • 10/27/2000 -- Nigeria selects core investors for privatized oil companies
    Nigeria has selected two core investors to buy a majority of the shares it plans to divest from two oil companies�National Oil & Chemical Co. and African Petroleum. The director-general of the government's bureau of public enterprises, Nasir El-Rufai, disclosed in Abuja that the government's shares in National Oil & Chemical Co. would be bought by Conpetro Ltd., while those in African Petroleum would be acquired by Sadiq Petroleum Nigeria Ltd.
  • 10/26/2000 -- Coflexip Stena Offshore builds rigid pipe base for Gulf of Mexico operations
    A subsidiary of Coflexip Stena Offshore will build a rigid pipe spool base at Mobile, Ala., to support its offshore pipelay and construction work in the Gulf of Mexico, the company said Thursday. This $10 million (US) investment involves a deepwater dock, access roads, rail access, storage areas, and infrastructure for high specification pipe welding, preparation, and loading.
  • 10/26/2000 -- EIA says US pipeline capacity adequate for winter
    US Natural gas pipeline capacity constraints and bottlenecks could arise during severe weather this winter, but for the most part, capacity appears adequate to serve the needs of the upcoming heating season, say government analysts in an annual assessment of the industry. By year-end, the agency estimates the industry will have invested $4.6 billion on expanding and upgrading the system since January 1999.
  • 10/25/2000 -- Statoil to shed 2.1 billion kroner in NCS assets
    Norwegian oil and gas giant Statoil announced yesterday it is to shed holdings worth 2.1 billion kroner on the Norwegian Continental Shelf as part of the group's strategy of focussing its energies on 'core areas' on its home patch. Through the sell-off, Conoco picks up Statoil's share in the Grane field, Det Norske Oljeselskap its interest in Jotun, Phillips Petroleum takes over its holding in Tommeliten, and Dansk Olie og Naturgas the group's share in the Freja licence.
  • 10/24/2000 -- Duke Energy Gas Transmission plans pipeline extension
    Duke Energy Gas Transmission, a unit of Duke Energy Corp., said Tuesday it planned to expand its East Tennessee Natural Gas system by building a 95-mile extension from Virginia into North Carolina. DEGT said the line, dubbed the Patriot extension, will transport natural gas from producers in the Appalachian region and from the Gulf Coast. It also will provide gas to portions of southwest Virginia for the first time, said the company.
  • 10/24/2000 -- Panel: Consumers face a 'perfect storm' of energy problems
    The United States is threatened by the energy equivalent of 'the perfect storm' that would constrain deliverability of all fuel supplies, not just oil and natural gas, said industry panelists at an Oklahoma energy forum hosted Tuesday by Gov. Frank Keating and The Heritage Foundation.
  • 10/23/2000 -- Protest violence cuts short Thai-Malay pipeline hearings
    In Hat Yai, a southern Thai city, hundreds of angry protesters clashed with police and then stormed a public hearing on the Thai-Malay gas pipeline and separation projects. Proceedings of the hearing, which was supposed to last two full days, were hastily concluded barely 30 minutes after it started, but not before the hearing had been wrapped up quickly in support of the schemes.
  • 10/20/2000 -- Gazprom eager to participate in PetroChina's natural gas pipeline
    Russia's natural gas company Gazprom is keen to participate in the construction of China�s longest natural gas pipeline, to stretch between Xinjiang and Shanghai. Though PetroChina Co. Ltd. has stated it would welcome foreign investment, Gazprom's enthusiasm has not been met with a positive response from PetroChina.
    A nervous oil market has quickly passed by the only hint so far of its worst nightmare.
  • 10/19/2000 -- Competition rules force ENI to diversify internationally
    A gas deregulation decree will require ENI SPA to grant other companies access to its gas pipeline network, which amounts to 99% of the Italian network. In anticipation of the order, ENI has already done a great deal of diversification, and will greatly decrease its market share in Italy.
  • 10/18/2000 -- Duke Energy executive calls for 50% rise in gas storage
    Natural gas pipeline and storage capacity must be increased by 50% or 40 bcf/day of deliverability to accommodate operating needs of new gas-fired generation, says Jim Donnell, chief executive officer of Duke Energy North America, a unit of Duke Energy Corp. 'We need tremendous increases in storage,' he said, to support up to 300 Gw of new electric generating capacity. 'There is no other means to meet the operational needs for fueling the merchant generation fleet.'
  • 10/18/2000 -- Duke Energy executive calls for 50% rise in gas storage, pipeline capacity
    Natural gas pipeline and storage capacity must be increased by 50% or 40 bcf/day of deliverability to accommodate operating needs of new gas-fired generation, says Jim Donnell, chief executive officer of Duke Energy North America, a unit of Duke Energy Corp. 'We need tremendous increases in storage,' he said, to support up to 300 Gw of new electric generating capacity. 'There is no other means to meet the operational needs for fueling the merchant generation fleet.'
  • 10/18/2000 -- Hydro signs EMC to Vesterled project deal
    Norway's Norsk Hydro ASA has awarded European Marine Contractors Ltd. the $8.7 million contract to build and install the Vesterled pipeline, which will tie together the Norwegian gas network and the Frigg Norwegian Association pipeline in the Norwegian North Sea. The fast-track contract, which includes an option for installation of the pipeline for the Norskpipe project, will be carried out during the second and third quarters of 2001.
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