General Interest 2001 P

10/23/2001 -- Enron officials try to calm jittery investors
Enron Corp. officials insisted the company is making adequate disclosures about complex off balance sheet financings during a conference call Tuesday, but Wall Street analysts pressed for more details. Enron shares continued to weaken, closing at $19.79 from $20.65 Monday.
10/23/2001 -- Industry wins key royalty statute of limitations case against US
Industry groups have praised a recent 10th US Circuit Court of Appeals decision that could ultimately limit the US government's ability to collect oil and gas royalties on public lands prior to Sept. 1, 1996.
10/23/2001 -- Peabody proposes 1,500 Mw Illinois power plant
Peabody Energy Corp. said it filed a permit application for a 1,500 Mw coal- fueled electricity generation project in southern Illinois that could supply power to up to 1.5 million homes. The nation's No. 1 coal company said if the plant receives regulatory approval construction could start late next year or early in 2003 and could take up to 4 years to complete.
10/23/2001 -- Market watch: Futures prices mixed in wary markets
Oil futures prices declined on international markets Monday as traders worried what the Organization of Petroleum Exporting Countries might do at a meeting of member ministers next week.
10/23/2001 -- Analysts cite uncertainty over Enron price drop
Enron Corp.'s stock lost another 20% of its value Monday, and financial analysts were still uncertain if all the bad news had been revealed. Many analysts were concerned about additional large write-downs and about the company losing its investment grade credit rating.
10/22/2001 -- Canada's Westcoast to sell $384.7 million (Can.) of assets
Canada's Westcoast Energy Inc., which is being acquired by Duke Energy Corp., for $3.5 billion, said on Monday it would sell its energy services unit and gas distribution units for a combined $384.7 million (Can.). Epcor Utilities said it will purchase Union Energy and Westcoast Capital and BC Gas said it agreed to acquire Centra Gas British Columbia and Centra Gas Whistler.
10/22/2001 -- California PUC refutes DWR allegations
The California Public Utilities Commission disputed charges the agency is responsible for keeping electricity prices higher than necessary. The PUC and the California Department of Water Resources have been feuding ever since the PUC defeated a controversial rate agreement state officials said was necessary to issue a record $12.5 billion in power bonds.
10/22/2001 -- Yukos buys Kværner hydrocarbons and process technology
OAO Yukos Oil Co., Russia's second largest oil company, has paid $100 million to the Anglo-Norwegian company Kværner ASA for its hydrocarbons and process technology businesses on a debt free basis.
10/22/2001 -- Norway's new government gives energy job to former religion minister
The new Norwegian government formed Friday appointed Einar Steensnæs as the country's new Minister of Petroleum and Energy.
10/22/2001 -- Market watch: War and other market factors spur energy futures prices
News of US Special Forces troops on the ground in Afghanistan prompted a surge in energy futures prices on international markets Friday, amid worries that increased military activity could eventually lead to disruptions of Middle East oil supplies.
10/22/2001 -- World Energy Congress told energy use per GDP drops 2%/year
The World Energy Congress was told Sunday that since 1990, energy consumption per unit of gross domestic product decreased by about 2%/year at the world level. But half of that came from a more rapid economic growth in regions with the lowest energy intensity.
10/22/2001 -- UK, Norway won't attend meeting of non-OPEC nations on production
Europe's two largest oil producers, Norway and the UK, will not attend an Oct. 29 meeting in Vienna of the Organization of Petroleum Exporting Countries and major non-OPEC oil producers to discuss the current fall in world oil prices.
10/19/2001 -- NewPower Holdings warns investors about possible liquidity crunch
NewPower Holdings Inc., already in a steep stock slide, warned investors of a possible liquidity crunch if commodity prices continued to fall. NewPower, one of the few national retail electricity providers, is locked into financial agreements with principal shareholder Enron Corp. that NewPower is filing to amend.
10/19/2001 -- Senate Republicans to file streamlined energy policy bill next week
Senate Republican leaders Monday are expected to introduce a streamlined energy security bill that includes a provision to lease a portion of the coastal plain of the Arctic National Wildlife Refuge. Lobbyists still say ANWR's chances this year are slim and instead noncontroversial energy legislation may be adopted.
10/19/2001 -- Trading places
Energy markets need more, not less, price transparency. But come January traders may have even less information to go on, creating a higher risk for boom-and-bust price swings at a time when the US craves stability.
10/19/2001 -- Darkening outlook for demand putting more of a squeeze play on OPEC
The outlook is getting gloomier for oil markets as demand continues to sag in the wake of the Sept. 11 terrorist attacks on America and the Organization of Petroleum Exporting Countries finds it has little latitude to move.
10/19/2001 -- 'Redrilling' archives
Almost 25 years ago, reports appeared that a giant discovery had been made in the Atlantic waters to the west of Scotland. Previously, all activity off northern Europe had been in the North Sea to the east.
10/18/2001 -- UK clears proposed Global Marine-Santa Fe International merger
The UK has cleared the proposed merger of Global Marine Inc. and Santa Fe International Corp. The US Federal Trade Commission already had approved the deal, which now is expected to close Nov. 20.
10/18/2001 -- Sen. Breaux predicts eastern Gulf of Mexico sale won't be expanded
Sen. John Breaux (D-La.) predicted Thursday that the Bush administration would not expand an eastern Gulf of Mexico offshore lease sale planned for Dec. 5. A Senate bill would permit the originally planned acreage to be offered in Sale 181.
10/18/2001 -- Market watch: Surplus natural gas and poor earnings pull down energy prices
Energy futures prices fell in international markets Wednesday with reports of disappointing earnings among producers and near-record US inventories of natural gas. High storage levels triggered a drop of 17.4¢ to $2.42/Mcf for the November natural gas futures contract on the New York Mercantile Exchange.

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