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General Interest 2001 P6

  • 09/21/2001 -- Williams increases energy marketing and trading visibility
    Energy marketing and trading will become Williams Cos. Inc.'s third major business group, Steven J. Malcolm, president of Williams said Friday. He said the reorganization reflects energy marketing and trading's role as a 'prominent driver is Williams's growth plan' and will give the investment community a better view of energy marketing and trading's contribution.
  • 09/28/2001 -- California generators complain electricity bills continue to accumulate
    Some California generators claim that California Independent System Operator is still not paying its bills and owes them $2 billion for power delivered in spring and summer. Duke Energy Corp., Reliant Energy Inc., Mirant Corp., and Williams Cos. Inc. filed a complaint at the Federal Energy Regulatory Commission stating the ISO is not in compliance with certain FERC tariffs and orders by withholding the money.
  • 09/24/2001 -- Canadian producers scramble to launch coalbed methane projects
    Canadian producers are preparing to drill a number of coalbed methane wells like this one in the US. Photo courtesy of Phillips Petroleum Co.
  • 08/22/2001 -- Independents and deep water rule Western Gulf of Mexico lease sale
    The US federal sale of oil and natural gas leases in the western Gulf of Mexico drew $165.6 million in high bids for 320 tracts Wednesday, with independent producers providing most of the action and the deep waters in the Garden Banks area stimulating the most competition and top offers.
  • 08/28/2001 -- EPA lifts restrictions to ease Midwest gasoline shortage
    The US Environmental Protection Agency temporarily eased summertime emissions restrictions Tuesday to channel more reformulated gasoline into the fuel-short markets of Chicago, Ill., and Milwaukee, Wis.
  • 08/15/2001 -- US producers push for more access to prospects, as well as technology
    An invited panel of 18 industry representatives said they want continued federal funding of technology research, plus some other concessions that US Department of Energy officials hadn't listed for discussion at a Houston hearing.
  • 08/15/2001 -- Market watch: Energy markets bounce back again
    Energy prices rose Tuesday as international markets continued their recent pattern of retreating one day and advancing the next. The September contract for benchmark US sweet, light crude gained 19¢ to $28.01/bbl on the New York Mercantile Exchange, recovering much of Monday's loss.
  • 08/13/2001 -- CNOOC unit eyes share of Gorgon field LNG project off Australia
    CNOOC International Ltd. has signed an agreement with Chevron Australia Pty. Ltd. to explore the feasibility of acquiring equity interests in the Gorgon area off Australia and developing the LNG import market in China.
  • 08/22/2001 -- Williams awards marketing study to CMAI
    Williams Cos. Inc., Tulsa, hired Chemical Market Associates Inc., Houston, to perform an international marketing evaluation as part of an Alaskan petrochemical feasibility study.
  • 08/14/2001 -- Processing news briefs, Aug. 14
    Statoil ... ExxonMobil Research & Engineering ... Kværner Engineering & Construction ... Chemical Market Associates ... Purvin & Gertz ... China Petroleum & Chemical ... PetroChina ... CITGO Petroleum ... Mustang Engineers & Constructors ... Cargill
  • 08/23/2001 -- Yukos and Marathon to form investment alliance
    Russian oil company Yukos Oil Co. and Marathon Oil Co., part of the USX-Marathon Group, Pittsburgh, plan to form a strategic alliance to evaluate joint energy investments worldwide. As part of the alliance, a joint business development group will be formed and headquartered in London.
  • 08/27/2001 -- Finance/Companies news briefs, Aug. 27
    Canadian 88 ... Canadian Superior Energy ... Royal Dutch/Shell Group ... India's state-owned Oil & Natural Gas Corp ... Equistar Chemicals ... Fairchild International ... Canadian Imperial Venture ... Command Drilling ... South Texas Drilling & Exploration ... and more
  • 08/13/2001 -- Magnum Hunter makes $32.2 million acquisition of gas and oil properties
    Magnum Hunter Resources Inc. of Irving, Tex., said Monday it signed a definitive agreement to buy Delaware Basin oil and natural gas reserves, along with other related assets, in Eddy and Lea Counties, N.M., from Mallon Resources Corp. for $32.2 million.
  • 08/09/2001 -- Novus sells Egypt assets to Apache, buys Texas assets
    Novus Petroleum Ltd., Sydney, has sold its Egyptian assets to Apache Corp. and acquired Texas assets from the same company.
  • 08/23/2001 -- Exploration/Development news briefs, Aug. 23
    Repsol-YPF ... Chevron San Jorge ... BHP Petroleum (Trinidad) ... Phillips Petroleum International Corp. Denmark ... Unocal ... Shell Brasil ... Texaco ... ONGC Videsh ... Oil & Natural Gas ... BP ... Occidental Oil & Gas ... Flowtronex International ... Oil & Natural Gas Corp. ... Indian Oil Corp. ... and more
  • 08/17/2001 -- Chevron begins production from North Nemba platform off Angola
    Chevron Corp. and partners Friday said oil production has begun from the North Nemba platform on Block 0 off Angola. North Nemba is expected to peak at 50,000 b/d of oil in the second quarter of 2002 and will average 40,000 b/d for the year.
  • 08/15/2001 -- Energy Department to fund 20 oil and gas research projects
    The US Department of Energy Wednesday announced it would partially fund 20 projects to enhance US oil and gas production. The Office of Fossil Energy plans to select another round of project winners later this year.
  • 08/28/2001 -- El Paso issues final defense in affiliate abuse case
    Energy merchant El Paso Corp., concluding its defense of an affiliate abuse complaint pending at the Federal Energy Regulatory Commission, claimed its units El Paso Natural Gas and El Paso Merchant Energy Co. didn't withhold pipeline capacity from the California market and complied with all FERC regulations.
  • 08/15/2001 -- Bush names Wood to become FERC chairman
    As expected, the Bush administration named former Texas utilities regulator Pat Wood as chairman of the Federal Energy Regulatory Commission succeeding Curtis Hebert who is leaving the agency Aug. 31. A Republican ally of President George W. Bush, Wood will take over Sept. 1.
  • 08/13/2001 -- WGL restates earnings; DTE reports loss
    WGL Holdings Inc., the parent company of Washington Gas Light Co., Monday restated its previously reported second and third quarter results and reduced its full year earnings forecast, blaming an accounting error related to the cost of gas. In addition, Detroit's DTE Energy Co. operator of the Detroit Edison utility, Monday reported a second quarter loss due to a charge from the May acquisition of MCN Energy Group Inc.
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