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Transportation 2000 P

  • 10/16/2000 -- Petronas, Pertamina sign gas, refining deals
    The Malaysian and Indonesian state-owned oil firms struck maiden oil refining and gas sales deals recently, marking closer ties between the neighboring energy producers. Petronas agreed to buy 1.5 tcf from Pertamina over 20 years and will also process sour crude for Pertamina.
  • 10/16/2000 -- Chevron, Texaco merger to boost convergence, electric power
    Chevron Corp.'s 26% stake in energy merchant Dynegy Inc. and Texaco Inc.'s gasification expertise will boost the combined ChevronTexaco Corp.'s options in the 'fast-growing gas and power convergence business,' Dave O'Reilly, Chevron chairman and chairman of the proposed combined company, said during a press conference Monday.
  • 10/16/2000 -- Chevron, Texaco to merge in $36 billion deal
    Chevron Corp. today confirmed widely rumored speculation over the weekend that it and fellow US oil company Texaco Inc. were about to tie the knot with its announcement of a $36 billion all-stock deal that will create an energy combine with a market capitalization at some $100 billion.
  • 10/13/2000 -- Algonquin, M&NP file pipeline applications
    Algonquin Gas Transmission and Maritimes & Northeast Pipeline filed applications with FERC seeking approval for their respective pipeline expansion projects. The two proposed lines will tie-in together.
  • 10/13/2000 -- TotalFinaElf to study southern route for Caspian pipeline
    TotalFinaElf SA has been named to undertake a feasibility study for a 'southern route' pipeline to transport oil from Kazakhstan via Turkmenistan to Iran, according to Paris-based Petrostrategies. Citing 'reliable sources,' the energy weekly reported this week that the Kazakhstan government had awarded the French energy combine an 'official operator's mandate' to look into a pipeline that would run from the recently discovered giant Kashagan oilfield to the Iranian town of Neka.
  • 10/13/2000 -- SDO's second shot
    After a year's delay, Save Domestic Oil (SDO) expects the US Department of Commerce to fully consider its complaint that four other nations "dumped" oil on the US market in 1998-99.
  • 10/12/2000 -- Electric Power news briefs, October 12
    Rayburn Country Electric Cooperative ... Reliant Energy Inc. ... BayCorp Holdings Ltd. ... Northeast Utilities ... Piedmont Natural Gas Co. ... Atmos Energy Corp. ... Alabama Power Co. ... Eni SPA ... Delta Power Co. ... John Hancock Life Insurance Co. ... Austin Energy ... Comverge Technologies ... Sempra Energy International ... Sodigas Pampeana ... Sodigas Sur ... PJM Interconnection LLC ... ATCO Gas ... Enbridge Gas New Brunswick ... WPS Energy Services Inc. ... Algonquin Gas Transmission
  • 10/12/2000 -- Woodside shuts down LNG processing train unexpectedly
    Australia's Woodside Energy said it's shut down Train 1 at its liquefied natural gas facility in Western Australia due to high vibration levels and a loss of seal oil in the propane compressor, said the company Oct. 11. The unscheduled shut down of LNG Train 1 Monday coincides with a planned 22-day maintenance shut down of LNG Train 2.
  • 10/12/2000 -- DOE, industry to study US gas pipeline infrastructure
    The US Department of Energy (DOE) is looking for feedback from energy industry players for a new $10 million, 3-year joint government-industry research program to address 'critical technology needs' of the US natural gas pipeline system, DOE announced Thursday.
  • 10/12/2000 -- TransCanada to exceed selloff target
    TransCanada PipeLines Ltd., Calgary, says it expects total proceeds of about $3.45 billion (Can.) from its sale of non-core assets this year, well above the original target of $3 billion. The company began selling non-core assets in December 1999 to focus on its core natural gas transmission, power and gas marketing activities in Canada and the northern tier of the US.
  • 10/12/2000 -- Electricity to become biggest gas user, Coastal chief says
    Within 5 years, power generation will overtake residential and industrial sectors as the primary consumer of gas, predicts David Arledge, chairman and CEO of Houston-based Coastal Corp., a major natural gas producer. With the end use market changing, the gas industry must also change in how it responds to demand for its product, he said.
  • 10/12/2000 -- Finance/Companies news briefs, Oct. 12
    Infinity � Transocean Sedco Forex � R&B Falcon � Global Marine � Fred Olsen Energy � Ivanhoe Energy � Compagnie Generale de Geophysique � Paradigm Geophysica � Place Resources � Star Oil & Gas � Ensign Drilling � Pirate Drilling � Williams � TransCanada Pipelines � Trinidad Drilling � Petrochem UK � Minerals Revenue Management � Stabil Drill � Drilling Logistics � Lukoil � Crown Central Petroleum � Paper, Allied-Industrial, Chemical, and Energy Workers International Union
  • 10/11/2000 -- Natural gas storage levels rising, AGA reports
    With more than a month of the traditional refill season left and with 2.48 tcf in storage, US natural gas utilities will be well prepared this year to meet their customers� needs, Chris McGill, American Gas Association, director of gas supply and transportation, said Wednesday.
  • 10/11/2000 -- Venezuelan oil industry workers stage strike
    Thousands of Venezuela�s state oil industry workers walked off their jobs Wednesday, demanding a reopening of collective labor contract negotiations for higher wages and other fringe benefits. State oil corporation Petroleos de Venezuela SA (PDVSA) immediately put a contingency plan into place, labeled the move 'an illegal strike,' and called on striking workers to return to their jobs.
  • 10/11/2000 -- Natural gas storage levels surpass recent consumption, AGA reports
    Current US storage levels for natural gas indicate that gas utilities are well prepared again to meet their customers' needs this winter, the American Gas Association reported Wednesday. The 2.48 tcf of gas held in underground storage nationwide has already passed the amount withdrawn from storage during each of the last five winters, AGA said.
  • 10/11/2000 -- Williams awards pipeline subcontract to Coflexip Stena Offshore
    Williams subsidiary Williams Field Services has awarded a subcontract to France's Coflexip Stena Offshore Inc. to design, build, and install export pipelines from the Boomvang and Nansen field developments in the East Breaks area in the Gulf of Mexico, to a platform located near Galveston, Tex.
  • 10/11/2000 -- Pilbara steel project gets backing from North West Shelf partners
    Austeel Pty. Ltd.'s planned new steel plant project in the Pilbara region of Western Australia has received backing from the majority of partners in the North West Shelf Gas Project. Five of the companies have agreed to contribute $13.5 million (Aus.) to the steel venture by subscribing to an Austeel convertible note.
  • 10/11/2000 -- SSGC: Pakistan's gas sufficient for 22 years
    Pakistan's recoverable reserves of 19.124 tcf of gas would last about 22 years if the country produces at current annual rates, according to data compiled by Sui Southern Gas Co. The estimate includes reserves of 12.858 tcf in fields already connected to a pipeline system, 5.638 tcf in independent fields and 628 bcf of fields under development or dormant.
  • 10/11/2000 -- Negotiation of Timor Gap royalties begins
    Australian government officials and representatives from the United Nations Transitional Authority in East Timor have begun the first round of negotiations on the division of revenues from oil and gas production in the Timor Gap.
  • 10/11/2000 -- Pakistani ruler urges India to support Iran-Pakistan-India gas pipeline route
    Pakistani ruler Gen. Pervez Musharraf said Pakistan and India would have to cooperate in the development of oil and gas. In particular, he urged India to support the proposed Iran-Pakistan-India gas pipeline route.
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