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General Interest 2001 P14

  • Tue Mar 20 17:03:00 CST 2001 -- Perupetro deciding how to re-offer relinquished block
    Perupetro SA, the state oil agency, is studying how to offer Block 75 to new companies since a Shell-Mobil consortium operating in Peru has returned the block neighboring the Camisea natural gas fields. Block 75 was returned on Mar. 17, 4 years after the consortium signed an exploration and development contract.
  • Mon Mar 19 10:03:00 CST 2001 -- Exploration/Development news briefs, Mar. 19
    Pogo Producing ... Fidelity Exploration & Production ... Canadian Superior Energy ... Cabot Oil & Gas
  • Fri Mar 09 16:03:00 CST 2001 -- Murphy Oil to farm in to Block H off Malaysia
    Murphy Sabah Oil Co. Ltd., a subsidiary of Murphy Oil Corp., El Dorado, Ark., has signed a farmin agreement to acquire Esso Exploration & Production Sabah Ltd.'s 80% holding in Block H off Sabah, Malaysia.
  • Fri Mar 02 15:03:00 CST 2001 -- UAE company to explore Algerian block
    Gulf Keystone Petroleum Co. of the United Arab Emirates has signed an agreement to explore Block 126 in the Ferkane region in northeast Algeria, said the Organization of Petroleum Exporting Countries' news agency.
  • Fri Mar 30 17:03:00 CST 2001 -- California crisis strikes Berry Petroleum cogen units; cuts oil output
    Heavy oil producer Berry Petroleum Co. says it cut oil production at its California facilities because it's not getting paid for power produced by its cogeneration units. Berry reduced operations at the cogen plants after Southern California Edison Co. and Pacific Gas & Electric Co. stopped payments for electricity which the company sold them. By reducing output at the cogen plants steam used in producing heavy oil also declined.
  • Tue Mar 20 12:03:00 CST 2001 -- Michigan regulators face key restructuring decisions
    Six months into restructuring, Michigan electricity rates are still the highest in the Midwest, and there will be less competition in the state than last year, a Michigan business group said. The new law seems to have spurred plans to build new power plants in the state, but the plants will not be on line for several years. As a result, the Michigan Association of Business Advocating Tariff Equity said, utilities plan to rely on out-of-state power to meet the state's summer electric needs.
  • Fri Mar 16 14:03:00 CST 2001 -- Electric power news briefs, Mar. 16
    Sydkraft AB ... Birka Energi AB ... UtiliCorp United Inc. ... Xcel Energy Inc. ... Capstone Turbine Corp. ... Totalsupport Ltd. ... Canadian Hydro Developers Inc. ... Fitchburg Gas & Electric Light Co. ... Allegheny Power ... PJM Interconnection LLC ... Williams Cos. ... Enbridge Inc. ... Midcoast Energy Resources Inc. .... Mirant Corp. ... AstroPower Inc. ... Alliance Pipeline Ltd. ... Guardian Pipeline
  • Tue Mar 13 16:03:00 CST 2001 -- Electric Power news briefs, Mar. 13
    El Paso Corp. ... AES NewEnergy Inc. ... Aquila Inc. ... SG Resources of Houston Inc. .... NCNG ... PPL Corp. ... TECO Energy Inc. ... Nexus Energyguide ... UtilityGuide.com ... Piedmont Natural Gas Co. ... Wisconsin Electric Power Co. ... BP ... Pmax Portfolio Management GMBH ... Arizona Public Service Co. ... ABB ... PG&E National Energy Group ... Wisconsin Energy Corp. ... Calpine Corp.
  • Fri Mar 09 14:03:00 CST 2001 -- Electric Power news briefs, Mar. 9
    IPALCO Enterprises ... AES ... UtiliCorp United ... IES Utilities ... Alliant Energy Corp. ... PSEG Global ... Sociedad Austral de Electricidad ... Companhia de Petroleos de Chile ... Empresa El�rica de la Frontera ... Middle Egypt Electrical Co. ... Foxboro Co. ... Egyptian Electrical Holding Co. ... Comisi�n Federal de Electricidad ... TransAlta ... Black Hills Energy Capital Inc. ... Enron ... ScottishPower ... Powergen ... New Power Co. ... NRG Energy ... Prima Energy .... Dynegy
  • Mon Mar 05 18:03:00 CST 2001 -- California signs 40 power contracts for 8,886 Mw
    California Gov. Gray Davis Monday said the state signed long-term contracts with generators for about 8,886 Mw of power at an average price of $69/Mw-hr, covering about 75% of the state's net short position between now and 2010. The 40 separate agreements have terms from 4 months to 10 years and one contract is for 20 years.
  • Thu Mar 01 15:03:00 CST 2001 -- Electric Power news briefs, Mar. 1
    TECO ... Panda Energy ... National Grid Group ... Niagara Mohawk Holdings .... NGR Energy ... Duke Energy ... Graninge ... Birka Energi ... Gulsele Kraft ... Minnesota Power ... San Diego Gas & Electric ... United Cities Gas Co. ... Enron... Mirant ... Mitsui & Co. ... Ishikawajima-Harima Heavy Industries ... Atco Power ... Huaneng Power International ... PetroChina Co. ... Hydropower Development Co. ... Wisconsin Energy ... Siemens Solar ... Shell Renewables ... Westmoreland Power
  • Fri Feb 09 16:02:00 CST 2001 -- Alaskan producers begin planning for gas pipeline to Lower 48
    A trio of major Alaskan North Slope producers, the North American Natural Gas Pipeline Group, is taking preliminary steps to build a huge pipeline system through Alaska and Canada to US markets, industry officials told Alaskan legislators.
  • Tue Feb 27 11:02:00 CST 2001 -- Hunt Oil acquires Alberta properties for $176 million (Can.)
    Hunt Oil Co. of Canada Inc., a wholly owned subsidiary of Hunt Oil Co., Dallas, has agreed to acquire Canadian 88 Energy Corp.'s interests in two Alberta properties for $176 million (Can.). Also, Hunt has again extended a cash offer for Berkley Petroleum Corp., Calgary, but has not increased its bid of $10.50 (Can.) per share.
  • Tue Feb 20 13:02:00 CST 2001 -- JP Morgan executive predicts more oil mergers coming
    Jeremy Wilson, JP Morgan's global head of energy mergers and acquisitions, predicted the global oil and gas industry would see another wave of major mergers within the next 2 years as the "bigger is better" trend in consolidation continues. Wilson said there were still "two or three major mergers to be done" in the near future.
  • Wed Feb 14 09:02:00 CST 2001 -- Agip tapped to take Kashagan operatorship
    ENI SPA Wednesday said its subsidiary Agip Caspian Sea BV had been named operator of the North Caspian Sea project production sharing agreement, which includes the giant Kashagan oil field off Kazakhstan. The Offshore Kazakhstan International Operating Co. formerly was in charge.
  • Mon Feb 12 08:02:00 CST 2001 -- TotalFinaElf to buy Statoil's Kazakhstan holding
    TotalFinaElf SA Monday said it would buy Statoil AS's 4.76% share of the potentially large Kashagan oil discovery off Kazakhstan, making it the largest shareholder in the Offshore Kazakhstan International Operating Co. consortium with a 28.6% interest.
  • Fri Feb 02 16:02:00 CST 2001 -- Gulf fields to use expanded methanol recovery system
    Williams of Tulsa, Okla., has selected Paragon Engineering Services Inc., Houston, to help it develop a shallow-water Gulf of Mexico platform that will accept deepwater production from remote subsea wells in up to 7,200 ft of water, representing the gulf�s deepest subsea development to date.
  • Wed Feb 28 10:02:00 CST 2001 -- Finance/Companies news briefs, Feb. 28
    GreyStar � AMEC Offshore � King Resources � Nescor Energy Salsich Gabon � Barrington Petroleum � Alberta Energy Co. Ltd. � Devon Energy � Ramco Energy � Noble Drilling � Maurer Engineering � Aspen Group Resources � Regent Group � Vulcan Minerals & Energy � Southward Energy � Benson Petroleum � and more
  • Mon Feb 26 14:02:00 CST 2001 -- ATP buys BP's 50% share of Venture field in the North Sea
    ATP Oil & Gas (UK) Ltd., a wholly owned subsidiary of Houston-based ATP Oil & Gas Co., has agreed to buy two properties in the UK North Sea from BP for an undisclosed amount. ATP will acquire a 50% interest in the Venture field on Block 49/21a and BP's 100% interest in the Block 47/10 discovery area.
  • Mon Feb 19 14:02:00 CST 2001 -- Nexen reports profits up 600% in 2000
    Nexen Inc., Calgary, formerly Canadian Occidental Petroleum Ltd., reports doubled fourth quarter profits to $147 million (Can.) from $72 million for the same period in 1999. Cash flow increased 63% in the fourth quarter to a record $439 million from the same period in 1999.

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