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General Interest 2001 P4

  • 10/18/2001 -- El Paso to buy gas from Northwest Europe's first LNG export project
    El Paso Global LNG, a subsidiary of El Paso Corp., has agreed to buy 2.4 billion cu m/year of liquefied natural gas for 17 years from the Statoil ASA-led Snøhvit project in the Barents Sea off Norway. El Paso will land the gas at the Cove Point, Md., terminal that is being reactivated.
  • 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.
  • 10/25/2001 -- US expects little delay for Saudi gas joint ventures with foreign firms
    The $30 billion US and European oil companies plan to invest in Saudi natural gas ventures is not at risk, the US State Department's top Middle East policy official said. US Assistant Secretary of State for Near East Affairs William Burns said the US war on terrorism is unlikely to delay the projects long-term.
  • 10/02/2001 -- Amerada Hess to sell UK gas and power supply company
    Amerada Hess Corp. is preparing to put its UK gas and electricity supply business on the market with a price tag estimated at $150-225 million.
  • 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.
  • 10/17/2001 -- Kinder Morgan to buy two liquids terminals from Stolt-Nielson
    Kinder Morgan Energy Partners LP is buying terminals in Perth Amboy, NJ, and Chicago from Stolt-Nielson Transportation Group Inc. for $70 million.
  • 10/30/2001 -- Cooper Cameron increases revenue, earnings, backlog
    Cooper Cameron Corp., Houston, increased both revenue and earnings during the third quarter, but a reduced US rig count and lower spending by customers will dampen the company's business "for at least the next several quarters," said Sheldon R. Erikson, chairman, president, and CEO.
  • 10/24/2001 -- Partners approve development plans for deepwater Falcon field
    Mariner Energy Inc., Houston, and Pioneer Natural Resources Co., Dallas, approved development plans for Falcon field in the deepwater Gulf of Mexico.
  • 10/09/2001 -- Corridor farms out acreage near onshore New Brunswick discovery
    Corridor Resources Inc. farmed out interests in its McCully natural gas discovery area in New Brunswick to EOG Resources Canada Inc.
  • 10/03/2001 -- Exploration/Development news briefs, Oct. 3
    Novus Petroleum ... BlackRock Ventures ... First Calgary Petroleums ... Sonatrach ... Nexen ... TotalFinaElf ... Statoil
  • 10/10/2001 -- BP submits environmental plan for Clair field off the Shetlands
    The UK government is studying BP PLC's environmental plan for its $1.5 billion Clair field project off the Shetland Islands.
  • 10/25/2001 -- Anadarko to farm into 95 Gulf of Mexico blocks
    Anadarko Petroleum Corp., Houston, agreed to farm into 95 deepwater blocks held by BP Exploration & Production Inc. in the Garden Banks and Keathley Canyon areas of the Central Gulf of Mexico.
  • 10/24/2001 -- El Paso earnings up 42%; calls industry liquidity 'excellent'
    El Paso Corp. Wednesday reported third quarter earnings rose 42% to 78¢/share on net income of $405 million reflecting strong demand in its energy merchant group. El Paso officials also said they aren't seeing any evidence of a liquidity crunch resulting from the 'hub bub' surrounding Enron Corp.'s recent financial disclosures.
  • 10/09/2001 -- FERC judge says El Paso didn't drive up gas prices
    El Paso Corp. didn't drive up California natural gas prices on its pipelines unfairly last year, although affiliates engaged in 'blatant collusion' in sharing shipping information, a Federal Energy Regulatory Commission judge ruled late Tuesday.
  • 10/02/2001 -- Electric Power news briefs, Oct. 2
    Calpine Corp. .. SeaWest WindPower Inc. .. PG&E National Energy Group .. Empire District Electric Co. .. Tucson Electric Power Co. .. Northern Border Pipeline Co. .. Falcon Gas Storage Co. Inc. .. Emera Inc. .. Greyhawk Gas Storage Co. LLC .. Keith Companies Inc. .. Pacific Engineering Corp. .. Gulfstream Natural Gas System LLC .. Nevada Power Co. .. Bonneville Power Administration .. Idaho Power .. Select Energy Inc. .. Air Products and Chemicals Inc. .. El Paso Corp.
  • 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.
  • 10/12/2001 -- Electric Power news briefs, Oct. 12
    TradeSpark LP ... Dynegy ... Williams Cos. Inc. ... Heritage Propane Partners ... Virginia Gas Propane Co. ... NUI Corp. ... Mirant ... TransCanada PipeLines ... Enbridge Inc. ... Williams Cos. Inc. ... Entergy ... PSEG Power ... Swiss Re New Markets Corp. ... Plug Power ... Duke Energy North America ... TXU
  • 10/23/2001 -- Electric Power news briefs, Oct. 23
    GE Power Systems ... Energia Electrica de Venezuela ... Mirant Corp. ... El Paso Corp. ... Wisconsin Public Service Corp. ... Minnesota Power ... Southwestern Electric Power Co. ... Consolidated Edison Inc. ... Wisconsin Energy Corp.
  • 10/01/2001 -- New chairman orders decentralization of India's ONGC
    Subir Raha, the new chairman of India's Oil & Natural Gas Corp., is pushing a reorganization that will radically change the company.
  • 10/05/2001 -- Low commodity prices erode US drilling activity
    US drilling activity continued to erode this week, both on land and offshore, two industry groups reported Friday. Utilization rates among mobile offshore rigs in the Gulf of Mexico plummeted to 62.7%, the lowest level since May 1999, as six more units came off jobs with no new contracts.

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