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Transportation 2000 P8

  • 10/10/2000 -- Unocal starts gas production from Muni field
    Unocal Corp. said Monday that its Spirit Energy 76 subsidiary has brought its Muni discovery in the Gulf of Mexico on production ahead of schedule and under budget. It expects production at Muni to exceed 120 MMcfd by year's end.
  • 10/09/2000 -- France drafts law to tax corporate energy consumption
    Much to the dismay of oil and chemical industries and other larger energy consumers in France, the French government has divulged a draft law which extends the General Tax on Polluting Activities to corporate energy consumption. The tax, to be deducted from taxable profits, will affect all enterprises with energy consumption of more than 100 tonnes of oil equivalent/year.
  • 10/09/2000 -- Karachaganak operator awards main works contract
    Karachaganak Petroleum Operating BV, the operator of the Karachaganak oil field in western Kazakhstan, has awarded a consortium of Saipem SPA and Consolidated Contractors International Co. an $800 million contract for the main works for the Karachaganak field.
  • 10/06/2000 -- California ISO gets 79 bids totaling 4,474 Mw
    The California Independent System Operator's call for generation earlier this month to avert blackouts next summer prompted bids from 79 generators totaling 4,474 Mw of power. The grid operator has projected the state is facing a short of 5,000 Mw without additional generating capacity. The bids ranged from a cost of $41-479/kw and included technologies that ranged from combustion turbines to reciprocating engines and one steam turbine.
  • 10/02/2000 -- OPEC follows moderate path at Caracas summit
    Organization of Petroleum Exporting Countries sovereigns and heads of state have ended their Caracas, Venezuela, meeting with a document calling for oil market stability and fair prices. They also expressed concern regarding taxation policies in industrialized countries, urged the need for dialogue between producers and consumers, and guaranteed a secure supply of petroleum.
  • 10/02/2000 -- Dominion plans $400 million Appalachian pipeline
    Dominion Resources Inc., Richmond, Va., has scheduled an open season Oct. 5 to Dec. 5 to seek customers for its proposed Greenbrier pipeline project. The $400 million line would extend from Dominion's Cornwell Station near Charleston, W.Va., to the Transcontinental Gas Pipeline Co. line in Rockingham County, NC.
  • 10/02/2000 -- NorthWestern to spend $1 billion on Montana Power assets
    Sioux Falls-based NorthWestern Corp. said it will acquire Montana Power Co.'s electric and natural gas transmission and distribution business for about $1.1 billion in cash, including approximately $488 million in existing Montana Power debt. The transaction is targeted to close during the first half of 2001and leaves Montana Power closer than ever to being a pure telecommunications company.
  • 09/29/2000 -- Electric Power news briefs, September 29
    PG&E Corp. ... BP ... Intermountain Industries Inc. ... Phillips Petroleum Co. ... River Gas Corp. ... The Bonneville Power Administration ... Golden Northwest Aluminum Inc. ... Calpine Corp. ... Michigan Gas Utilities ... AES Corp. ... Chicago Bridge & Iron Co. ... Dominion Peoples
  • 09/29/2000 -- Transportation news briefs, Sept. 29
    Maritimes & Northeast Pipeline � Northern Border Pipeline � Alliance Pipeline
  • 09/29/2000 -- Gullfaks phase II subsea work in home stretch
    Installation of the remaining 22,000 tonnes of subsea equipment for phase II of Statoil's Gullfaks satellite project�including 10 subsea templates, flowline bundles, spool pieces, and protective frames�is in the home stretch on the seabed at the Norwegian North Sea field, the operator reports.
  • 09/29/2000 -- Intertanko calls for practical scheduling for single-hulled tanker phaseout
    The council of the International Association of Independent Tanker Owners is calling on delegates to an International Maritime Organization environmental committee meeting in London next week to agree on a schedule for the phase-out of single-hulled tankers that is 'reasoned and practical,' said the shipping organization Thursday.
  • 09/28/2000 -- Members of US Congress call for tougher pipeline safety bill
    Two key Democrats in the US House of Representatives Thursday criticized the Senate-passed pipeline safety bill and urged their colleagues to pass even tougher legislation to protect people living and working near gas and hazardous liquids lines.
  • 09/28/2000 -- Sakhalin Energy awards LNG specification contract
    Sakhalin Energy Investment Co. Ltd. has awarded a contract relating to a 9 million-ton liquefied natural gas plant to be built on Sakhalin Island to a consortium headed by Fluor Daniel, a unit of Fluor Corp. Under the $10 million contract, the companies will provide engineering services to prepare project specification and Russian permitting documents.
  • 09/28/2000 -- Exploration/Development news briefs, Sept. 28
    PANACO � Kestrel Energy � Hurricane Hydrocarbons
  • 09/27/2000 -- Southern Energy trades above offering price
    In a strong market for energy stocks, Southern Energy Inc. opened trading on the New York Stock Exchange Wednesday at $28�, up $6� over the $22/share offering price. Market observers expect an independent Southern Energy to generate better returns and puts the company on a more similar footing with firms such Enron Corp. and Dynegy Inc. in a deregulating energy market. Following the offering, Atlanta-based Southern Co. will continue to own about 80% of Southern Energy's stock.
  • 09/27/2000 -- BG International signs Iranian LNG joint venture agreement
    BG International, a unit of BG Group, announced on Monday that it had signed a joint venture with Iran's Oil Industries Engineering Construction Co. to 'pursue opportunities for the first liquefied natural gas export project in Iran.'
  • 09/25/2000 -- Energy companies to create online trading platform
    Seven energy companies, including subsidiaries of Tulsa-based Williams, Royal Dutch/Shell Group, and Koch Industries Inc. of Wichita, Kan., announced plans Monday to form an online trading platform called TradeSpark LP for natural gas, electricity, coal, weather derivatives, and emission credits.
  • 09/25/2000 -- Enterprise Products Partners to expand Gulf Coast operations
    Enterprise Products Partners LP, the US' second-largest publicly traded midstream energy partnership, says it plans to expand its Gulf Coast midstream system with a recent acquisition. Enterprise agreed to buy Acadian Gas LLC, a unit of Shell Oil Co. affiliate Coral Energy LLC, Houston, for $226 million cash.
  • 09/25/2000 -- Electric Power news briefs, September 25
    Enterprise Products Partners LP ... Acadian Gas LLC ... Coral Energy LLC ... Vectren Corp. ... PSEG Power LLC ... Duke/Fluor Daniel ... TXU Energy Trading .... eSpeed .... Coral Energy ... Dominion Resources Inc. ... Koch Energy Trading Inc. ... Williams Energy Marketing & Trading Co. ... Cantor Fitzgerald LP ... Dynegy Inc. ... Reliant Energy Gas Transmission Co. ... Niagara Mohawk Power Corp. ... Excelergy Corp. ... Enmax Corp.
  • 09/25/2000 -- Finance/Companies briefs, Sept. 25
    GATX Terminals � Olympic Pipe Line � BP � Koch Global Bandwidth Services � Caminus � HoustonStreet Exchange � Energy Trading Standards Group � ABB Energy Information Systems � Automated Power Exchange � OpenLink Energy � RedMeteor.com � Triple Point Technology � GFInet � Sapient � Evro-TEK � Onako � Sibneft � Cabot � Tractebel � Sithe Energy � Toreador Resources � Texona Petroleum � Tracer Petroleum � Mullins Group
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