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General Interest 2001 P11

  • 05/01/2001 -- Amerada Hess confirms York area gas find in UK North Sea
    Amerada Hess Corp., New York City, Tuesday said an appraisal well it drilled in the York area of the southern North Sea could tap up to 200 billion cu ft of probable gas reserves. Amerada Hess said the well tested 24.7 MMcfd from a Rotliegend Leman sand, which it said was a good quality reservoir.
  • 05/25/2001 -- FERC told Southern California Gas intrastate system is bottlenecked
    California gas producers and customers complained to the Federal Energy Regulatory Commission Thursday about constraints on Southern California Gas Co. intrastate pipeline system. The competition for capacity is so fierce that customers are nominating gas in the trillions of cubic feet in order to be placed higher on SOCAL's allocation list. And producers denied access fear they may have to shut in production.
  • 05/15/2001 -- Electric Power news briefs, May 15
    CMS Energy Corp. ... Saudi Arabia Basic Industries Corp. ... Shell Chemicals ... TXU Electric ... Tennessee Gas Pipeline Co. ... Kerr-McGee Chemical LLC ... Hydro-Quebec ... AES Corp. ... DPL Inc. ... FPL Group Inc. ... Florida Power Corp. ... Edison International ... Pacific Gas & Electric Co. ... Calpine Corp. ... Westcoast Energy Inc. ... Tenaska Energy ... Coral Power LLC ... PECO Energy ... ScottishPower PLC
  • 05/11/2001 -- El Paso proposes new California pipeline capacity
    El Paso Corp. is considering building a new intrastate gas pipeline in California that will run from Bakersfield north towards Antioch and Sacramento. The company is also gauging customer interest in an expansion of the existing Mojave Pipeline that runs from Topock to Bakersfield. El Paso is holding 'open seasons' for both projects May 10-31.
  • 05/07/2001 -- El Paso to expand pipeline capacity to California, in New England
    Federal regulators Monday issued El Paso Natural Gas Co., a unit of El Paso Corp., a certificate to convert from oil to natural gas a pipeline that will provide 230 MMcfd of capacity to serve California and the southwestern US. In addition, El Paso unit Tennessee Gas Pipeline Co., said it filed an application with the Federal Energy Regulatory Commission to expand pipeline capacity in New England
  • 05/03/2001 -- Electric Power news briefs, May 3, 2001
    IdaTech ... Electricite de France ... NRG Energy Inc. ... Duke Energy Corp. ... American Power Conversion ... CMS Energy Corp. ... El Paso Power Finance ... Madera Power ... Allegheny Energy Inc. ... ESBI Alberta Ltd. ... Powerex ... TransAlta Corp. ... Mercury Electric Corp. ... Arch Coal Inc. ... AES NewEnergy ... Mirant Delta LLC ... Erga SPA ... Enel SPA ... PG&E Corp.
  • 05/02/2001 -- Kinder Morgan, Calpine propose new California gas pipeline
    Kinder Morgan Energy Partners LP and independent power producer Calpine Corp. Wednesday reported plans to jointly develop a 1,160-mile, $1.7 billion pipeline that would deliver gas to California from the San Juan Basin in New Mexico. As proposed, the high-pressure Sonoran interstate natural gas pipeline project would have a maximum capacity of 2.5 million dekatherms/day.
  • 05/01/2001 -- Electric Power news briefs, May 1, 2001
    PSEG Global ... Westmoreland Coal Co. ... Montana Power Co ... ATCO Group ... Mirant Corp. ... Consol Energy Inc. ... Cleco Corp. ... American Electric Power Co. Inc. ... Lone Star Technologies Inc. ... Huntco Inc. ... Enron Industrial Markets ... DTE Energy Technologies ... CMS Energy Corp. ... PG&E Corp. ... CanArgo Energy Corp.
  • 05/21/2001 -- Drilling/Production news briefs, May 21
    Esenjay Exploration ... Woodside Energy ... Apache ... Phillips Petroleum ... Chiles Offshore ... Diamond Offshore Drilling ... Hydril ... Unit
  • 05/04/2001 -- Elks and elephants
    Oil companies can usually rely on a lawmaker from an oil-producing state to endorse their legislative agenda, but that support is far from unconditional.
  • 04/26/2001 -- Southern Natural applies to build Georgia-Florida gas pipeline
    Southern Natural Gas Co., a subsidiary of El Paso Corp., has applied to the US Federal Energy Regulatory Commission to build a $240 million gas pipeline system in Georgia and Florida. Using the proposed 166-mile, 310 MMcfd pipeline, Southern Natural subsidiary Cypress Natural Gas Co. will be able to transport gas from El Paso's liquefied natural gas receiving terminal at Savannah, Ga., to Florida pipeline interconnections.
  • 04/16/2001 -- Transportation news briefs, Apr. 16
    Westcoast Energy � AEC Oil & Gas � El Paso Natural Gas Co. � Transwestern Pipeline �
  • 04/30/2001 -- Statoil recasts plans for Sleipner West extension in North Sea
    Statoil AS plans to extend the producing life of its Norwegian North Sea Sleipner West field by combining a major topsides modification of the Sleipner T platform with a multiwell subsea tieback of the Alpha North gas and condensate reservoir on the field's north flank. It picked the 2.6-3 billion kroner development over the original scheme to install a compressor platform at the field.
  • 04/27/2001 -- Floater market to grow to $42.5 billion by 2005, say analysts
    Demand for floating production, storage, and offloading vessels off Africa could drive a newbuild floater market forecast to grow to more than $42.5 billion in the next 5 years, said a report from Douglas-Westwood Ltd. and Infield Systems UK Ltd. A total 123 new-build floating productions systems of various types could be brought on stream between now and 2005.
  • 04/26/2001 -- FERC caps California wholesale power prices at cost
    After delaying its meeting for nearly a full day, the Federal Energy Regulatory Commission Wednesday capped California wholesale power prices at cost for 1 year during emergencies. The order is contingent on the California Independent System Operator submitting a plan to form a regional transmission organization. The price cap will vary depending on the individual costs of generators. Many aspects of the order remain unclear, including how it will affect sales from out of state into California.
  • 04/26/2001 -- Senate panel told market forces causing West Coast gasoline woes
    Oil companies are not gouging motorists on the West Coast, industry officials told Congress Wednesday. Instead, too many recipes for reformulated gasoline and a constrained gasoline delivery system are to blame for higher gasoline prices, an official with BP PLC told a Senate subcommittee's oversight hearing.
  • 04/24/2001 -- USX says it will separate Marathon Oil, steel businesses
    USX Corp., Columbus, Ohio, Tuesday announced plans to separate its energy business, USX-Marathon Group, and its steel business, USX-U.S. Steel Group. The plan is expected to be implemented by Dec. 31, subject to shareholder and regulatory approval. Last year, USX hired legal and financial advisors to review its corporate structure.
  • 04/20/2001 -- Model electricity on gas market deregulation success, IPAA head says
    Weighing in on the electricity debate, the chairman of the Independent Petroleum Association of America called on the US Congress and state regulators not to abandon efforts to restructure electricity markets because of California's missteps. Instead, regulators should reexamine the ultimate success of gas restructuring as a blueprint for the future, Jerry Jordan suggested.
  • 04/17/2001 -- Market watch: US energy futures rise with refinery problems
    Refinery problems, including an explosion and fire that shut down virtually all of Conoco Inc.'s Humber plant in northern England, triggered a jump in energy futures prices Monday on the New York Mercantile Exchange.
  • 04/16/2001 -- Capital markets favorable for oil and gas companies
    All types of capital markets are now favorable for oil and gas companies, capital providers told OGJ Online, adding that financially robust companies are reducing debt, increasing the capital available for other companies. The cost of capital is less than investment returns, said L.E. Simmons, president of SCF Partners, Houston.
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