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General Interest 2001 P

  • 11/26/2001 -- Repsol-YPF has gas, condensate discovery in Sumatra
    A unit of Repsol-YPF SA has a gas and condensate discovery at its Sungai Kenawang well on Jambi Merang Block in Sumatra, Indonesia. The well could produce up to 2.5 million cu m/day of gas and 3,000 b/d of condensate, said the company.
  • 11/14/2001 -- FERC to reexamine security for Cove Point LNG terminal Friday
    The US Federal Energy Regulatory Commission has scheduled a Friday hearing to determine if security concerns justify reconsideration of its decision to allow the Cove Point, Md., liquefied natural gas terminal to reopen.
  • 11/07/2001 -- El Paso execs explain off-balance sheet transactions
    El Paso Corp. executives Wednesday disclosed the company formed a new off-balance sheet entity last week called Gemstone. Off-balance sheet transactions have come under the spotlight ever since Enron Corp. revealed last month that it wrote down shareholder equity by $1.2 billion in the third quarter. The equity write-down was linked to the off-balance transactions.
  • 11/15/2001 -- US electric utility executives testify against multipollutant bill
    Electric utility officials Thursday testified a Senate bill that would require additional cuts in sulfur dioxide, nitrogen oxides, and carbon dioxide emissions is too costly and doesn't take into consideration regional differences. They testified before the US Senate Enviromental & Public Works Committee on S. 556 , which would set new targets for multipollutants.
  • 11/15/2001 -- Alaska gas pipeline proposal expected by yearend
    Six US and three Canadian energy companies Thursday signed a development proposal to build an Alaska Highway natural gas pipeline project. The US companies include subsidiaries of Williams Cos. Inc., Duke Energy Corp., Sempra Energy, Enron Corp., PG&E Corp., and El Paso Corp.
  • 11/27/2001 -- Proposed PRB rail line EIS calls for $140 million worth of mitigation
    Measures to reduce the environmental impact of a proposed new rail line to serve Powder River basin coal mines in Wyoming could cost its sponsor, the Dakota, Minnesota & Eastern Railroad Corp., up to $140 million. A panel of the Surface Transportation Board issued the final environmental impact statement for the rail proposal, which included recommendations for 147 environmental mitigation measures.
  • 11/15/2001 -- Drilling/Production news briefs, Nov. 15
    Amerada Hess ... Bergesen ... Statoil ... Prosafe Drilling Services ... Consortium Service Management Group ... Humble Petroleum ... CNOOC ... Talisman Energy (UK) ... FMC Technologies ... Soekor E&P ... Apache China Petroleum ... Shengli Oil & Gas ... and more
  • 11/26/2001 -- Don't give up the day job
    A friendly feature of the annual North Sea exploration and production exhibitions, held in alternate years in Aberdeen and Stavanger, has been the presence over the past 10 years of the stand from the Faroes Islands.
  • 10/04/2001 -- Maritimes reports strong interest in Eastern Canada pipeline expansion
    Maritimes & Northeast Pipeline LLC said an open season indicated strong interest in the proposed Phase IV expansion of its gas pipeline from Nova Scotia to New England.
  • 10/03/2001 -- Gas pipelines planned to fuel Texas power plant
    Units of TXU Corp., Dallas, and Kinder Morgan Energy Partners LP, Houston, plan to build natural gas pipelines to fuel the 1,789-Mw power plant being built in Forney, Tex., by FPL Energy LLC, a unit of FPL Group Inc., Juno Beach, Fla.
  • 10/12/2001 -- FERC approves Cove Point LNG terminal reactivation
    The US Federal Energy Regulatory Commission granted permission to Williams Cos. Inc., Tulsa, to reactivate liquefied natural gas import facilities at its Cove Point LNG terminal in Lusby, Md. The previously announced plan includes modifications to existing facilities and construction of new facilities.
  • 10/11/2001 -- Enbridge buys natural gas gathering, treating, transmission facilities from Williams
    Enbridge Inc., Calgary, is buying natural gas gathering, treating, and transmission facilities in south Texas from a unit of Williams Cos. Inc. in a $50 million deal that further expands the firm's "geographic footprint and scale of operations," officials said Thursday.
  • 10/15/2001 -- Williams to provide gas to Redbud power plant in Oklahoma
    Williams Cos. Inc., Tulsa, agreed to provide 51,980 dekatherms/day of firm natural gas transportation service to a power plant near Luther, Okla.
  • 10/19/2001 -- Executives remain bullish for strong rebound in US oil, gas operations
    Despite present uncertainties, oil and natural gas operations should rebound with higher commodity prices and increased drilling activity in early 2002, said a panel of corporate executives Friday at a Houston industry forum.
  • 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 -- Burlington Resources plans $2.1 billion purchase of Canadian Hunter
    Burlington Resources Inc. Tuesday offered to buy the stock of Canadian Hunter Exploration Ltd. for $2.1 billion (US). Burlington said the acquisition, for $53 (Can.)/share, will nearly double its investment in Canada and add a portfolio of attractive producing properties
  • 10/03/2001 -- Banned in Boston, LNG tanker will unload in Savannah
    A tanker loaded with liquefied natural gas, banned from Boston harbor as a potential target for terrorists, will become the first vessel to offload at El Paso Corp.'s newly reactivated LNG import terminal at Elba Island near Savannah, Ga., officials said Wednesday.
  • 10/02/2001 -- El Paso proceeding with offshore gas line from Nova Scotia to US
    El Paso Corp. plans to build a $1.6 billion subsea pipeline to move gas from fields off Nova Scotia to markets in Canada and the northeastern US. Named the Blue Atlantic Transmission System, the proposed project would consist of 750 miles of 36-in. pipe and would carry up to 1 bcfd.
  • 10/08/2001 -- OPEC may consider oil quota reductions late this week
    A cut in OPEC oil production may be announced late this week or early next week, an Organization spokesman said Monday following a series of phone conversations between its secretary general, Ali Rodriguez, and member states Saudi Arabia, Iran, and Algeria
  • 10/11/2001 -- Analyst says oil firms should focus on managing intangibles
    Calvin B. Cobb, vice-president of Cap Gemini Ernst & Young, Wednesday said new business models in the petroleum industry must address intangible elements as well as the shortage of human capital.

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