General Interest 2001 P

10/10/2001 -- Senate leaders bypass committees to move energy legislation to floor
Senate leaders have opted to bypass the committee process to bring energy policy legislation to the floor this fall -- a bill that will not propose leasing of the Arctic National Wildlife Refuge coastal plain. Instead, Sen. Jeff Bingaman (D-NM) will offer a proposed bill in the near future.
10/10/2001 -- Tipperary signs deal to sell coalbed methane gas in Australia
Australian company Queensland Fertilizer Assets Ltd. has contracted with a unit of Tipperary Corp., Denver, to purchase up to 260 bcf of gas over 20 years, beginning in 2004
10/09/2001 -- DOE urges antitrust protection for oil industry security effort
A US Department of Energy official said Tuesday that energy companies should be given legal protection to cooperate on security measures. Ms. Lee Otis, DOE general counsel, testified at a Senate Energy and Natural Resources Committee hearing.
10/09/2001 -- Chevron and Texaco complete long-delayed, $35 billion merger
Texaco Inc. and Chevron Corp. said their stockholders approved the $35 billion merger of their companies, which was completed later Tuesday. Under the deal, Texaco stockholders will receive 0.77 shares of ChevronTexaco stock for each Texaco share.
10/09/2001 -- French group projects record global E&P spending in 2001
Worldwide spending on exploration and production should hit a record $115 billion this year, up 16% from last year's 12% increase to $100 billion, said a joint report by Institut Français du Pétrole, the French Suppliers Council, and the Marine and Oil Studies Committee.
10/09/2001 -- Market Watch: Falling bombs trigger slight rise in energy prices
US air strikes on Afghanistan caused a slight rise in most energy futures prices Monday on the New York Mercantile Exchange. However, the increase was dampened by continued discussions of a possible production cut by members of the Organization of Petroleum Exporting Countries.
10/09/2001 -- Texaco completes deals to divest interests in Equilon, Motiva
Shell Oil Co. said Tuesday it has signed a deal to buy Texaco Inc.'s 44% share of Equilon Enterprises LLC, making it the 100% owner. Shell and Saudi Refining Inc. will acquire Texaco's 35% share of Motiva Enterprises LLC, making both a 50% holder in Motiva.
10/08/2001 -- FERC orders partial refunds for July power sales in California
Federal regulators denied requests by four power producers to sell electricity at prices exceeding a cap in July in California and other western US markets and ordered partial refunds for that month's sales. FERC said the companies either offered inadequate reasons for charging above-market prices or failed to file their cost justifications with the agency in time.
10/08/2001 -- Champion Technologies, Condea Servo form chemicals joint venture
Champion Technologies Inc., Houston, and Condea Servo BV, Delden, the Netherlands, have signed a letter of intent to form an oil field production chemical joint venture.
10/08/2001 -- NW gas utility confirms deal to buy Portland General from Enron
Northwest Natural Gas Co. will borrow most of the $1.8 billion purchase price to buy Portland General Electric Co. from Enron Corp. The merger of the two Oregon utilities was widely rumored on Wall Street last Friday.
10/08/2001 -- AEP to buy UK power plants from Edison Mission
American Electric Power Co. Inc. Monday said it agreed to buy 4,000 Mw of coal-fired electric generation in the UK from Edison Mission Energy, a unit of Edison International, for $960 million. The largest US power producer said it is buying the 2,000 Mw Fiddlers Ferry and the 2,000 Mw Ferrybridge plant plants for abour $200/kw.
10/08/2001 -- Market Watch: Energy futures weaken on concerns about oil supplies
Energy futures prices weakened in trading on the New York Mercantile Exchange Friday, in part because of oil supply concerns. Speculation about informal talks in Spain among Organization of Petroleum Exporting Countries member states kept circulating throughout the session.
10/05/2001 -- Devon, Mitchell amend merger agreement
Devon Energy Corp., Oklahoma City, and Mitchell Energy & Development Corp., The Woodlands, Tex., said Friday their directors amended the merger agreement between the two companies to eliminate the risk that the recent decline in Devon's stock price might prevent issuance of certain tax benefits conditional to that transaction.
10/05/2001 -- St. Mary to buy properties in Montana, North Dakota, and Wyoming
Nance Petroleum Corp., a subsidiary of St. Mary Land & Exploration Co., Denver, will pay Choctaw II Oil & Gas Ltd., Houston, $41 million for oil and gas properties in Montana, North Dakota, and Wyoming.
10/05/2001 -- Security overhaul proposed at US nuclear power plants
Armed security guards could use deadly force to protect US nuclear electric power facilities under a bipartisan bill introduced in the US House by Reps. Billy Tauzin, (R-La.), chairman of the House Committee on Energy and Commerce, and ranking member John Dingell (D-Mich.). The nuclear industry said it is evaluating the proposal.
10/05/2001 -- US 9th Circuit Court allows RFA to intervene in California oxygen lawsuit
The US 9th Circuit Court of Appeals granted fuel ethanol supporters a voice in California's legal debate of reformulated gasoline. The state said the US Environmental Protection Agency should not have denied California's request to waiver the oxygenate standard from RFG under federal clean air rules.
10/05/2001 -- Market watch: Energy futures gain ground on speculation of OPEC action
Energy futures prices regained a little of their previous losses amid speculation Thursday that members of the Organization of Petroleum Exporting Countries might again cut production this year.
10/05/2001 -- Northwest Natural confirms Portland General talks with Enron
Northwest Natural Gas Co., Portland, Ore., Friday confirmed the company has had discussions with Enron Corp. regarding a potential acquisition by NW Natural of Enron's wholly-owned subsidiary, Portland General Electric Co.
10/05/2001 -- Natural gas price outlook to test new limits for short cycle times
Hello, $2/Mcf gas: How long do you plan to stick around?
10/04/2001 -- Thailand's PTT plans to invest $2.24 billion over 5 years
The Petroleum Authority of Thailand plans to maintain an investment program valued at $2.24 billion over the next 5 years despite the global economic slowdown.

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General Interest 2001 P