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General Interest 2001 P7

  • 08/02/2001 -- Electric Power news briefs, Aug. 2
    Canadian Hydro Developers Inc. ... American Electric Power Co. Inc. ... Buckeye Power Inc. ... CMS Energy Corp. ... Calpine Corp. ... Pavilion Technologies Inc. ... KFx Inc. ... Peoples Energy Corp. ... Electric City Corp. ... Kern River Gas Transmission Co. ... Midwest Independent Transmission System Operator Inc.
  • 08/31/2001 -- Canada's Nexen remains focused on expanding oil production
    Charlie Fischer, president and CEO of Nexen Inc., Calgary, said his company plans to double in size over 5 years through exploration of a 37-million acre inventory.
  • 07/25/2001 -- PetroChina signs MOUs with foreign consortiums on gas pipeline
    PetroChina Co. Ltd. signed memorandums of understanding with four foreign consortiums July 24 on investment in construction of a major gas pipeline. Seven consortiums had originally applied (OGJ Online, June 6, 2001).
  • 07/17/2001 -- El Paso, Gaz de France offer open season on storage capacity
    El Paso Corp. and GDF Energy Inc., a subsidiary of Gaz de France SA, have begun an open season for 3 bcf of natural storage capacity in Schuyler County, NY. The season will close July 27.
  • 07/31/2001 -- Andersen says N. American drilling will continue climbing in 2002
    North American exploration and development drilling likely will continue increasing into 2002, barring a large drop in commodity oil and gas prices for an extended period, officials said Tuesday at Andersen -- the industry consulting firm formerly known as Arthur Andersen -- in Houston.
  • 07/10/2001 -- Amerada Hess to acquire Triton Energy for $3.2 billion
    Amerada Hess Corp., New York City, said Tuesday it would acquire Triton Energy Ltd., Dallas, for $3.2 billion, including the assumption of $500 million of Triton debt. The transaction is expected to close in the third quarter.
  • 07/27/2001 -- Pioneer acquires two Argentina blocks, will build NGL plant and pipeline
    Pioneer Natural Resources Co., Irving, Tex., said it acquired two more blocks in Argentina. It also awarded a contract for construction of a natural gas liquids extraction facility at its Loma Negra complex.
  • 07/25/2001 -- Unocal says higher natural gas prices fuel earnings jump
    Unocal Corp. said Wednesday adjusted after-tax earnings, excluding special items, in the second quarter were $228 million, up from adjusted earnings of $170 million in the same quarter last year. Unocal's Lower 48 output was 954 MMcfd, up 31% from a year ago.
  • 07/24/2001 -- ExxonMobil earnings rise 6%, offset drop in chemicals profits
    ExxonMobil Corp. Tuesday reported record second quarter earnings of $4.38 billion, excluding merger effects and special items. That's up $230 million, or 6%, from the second quarter of 2000. Chemicals earnings fell $220 million due to deterioration in margins as higher gas prices drove up feedstock costs while product prices fell.
  • 07/24/2001 -- Anadarko plans $1 billion stock buyback program
    Anadarko Petroleum Corp., Houston, said Monday that its board has authorized the purchase of up to $1 billion of its common stock. It said the purchase would not affect its drilling program; the company still would have enough capital to grow production at double-digit rates this year.
  • 07/18/2001 -- Kinder Morgan buys Texas gas pipeline
    Kinder Morgan Energy Partners LP agreed to acquire a Texas natural gas pipeline system from an affiliate of Occidental Petroleum Corp. for $360 million.
  • 07/12/2001 -- Finance/Companies news briefs, July 12
    Plains All American Pipeline LP ... CANPET Energy Group ... Gulf Canada Resources ... Conoco ... Institut Français du Pétrole ... Isis ... Axens ... Swift Energy ... Pride International ... Marine Drilling ... Husky Oil Operations ... Santos ... Interline Resources ... and more
  • 07/10/2001 -- Two companies enter Powder River coalbed methane play
    Carrizo Oil & Gas Inc. has acquired 50% of the working interest held by Rocky Mountain Gas Inc. in 107,000 net acres of coalbed methane leases in the Powder River basin. Separately, eWorld Travel Corp. is acquiring Powder River Basin Gas Corp. and will take the latter's name.
  • 07/02/2001 -- Finance/Companies news briefs, July 2
    Smith International ... Star Tool ... Valero Energy ... Ultramar Diamond Shamrock ... Pan American International Petroleum ... Rio Bravo ... Mercantile Oil & Gas ... Prosafe ... Barrington Petroleum ... Petrobras International Finance ... Promax Energy ... Shell Capital ... and more
  • 07/26/2001 -- Spinnaker finds gas in Mustang Island area off Texas
    Spinnaker Exploration Co., Houston, has a gas-condensate discovery at its Stirrup prospect on Mustang Island Block 861 in Texas state waters in the Gulf of Mexico. After stimulation, one sand tested at 21.1 MMcfd of gas and 130 b/d of condensate at flowing pressure of more than 11,000 psi.
  • 07/24/2001 -- Unocal says Trident find in deepwater Gulf of Mexico taps 300 ft of pay
    Unocal Corp. said Tuesday its deepwater Trident prospect in Alaminos Canyon Block 903 in the US Gulf of Mexico found more than 300 ft of hydrocarbon-bearing pay and other zones of interest. Unocal said preliminary evaluation indicates reservoir fluid of 40°-gravity or higher.
  • 07/10/2001 -- Exploration/Development news briefs, July 10
    Maurel & Prom ... Heritage Oil ... Kværner ... Eurogas ... Repsol-YPF Exploracion Peru ... Remington Oil & Gas ... Magnum Hunter Resources ... Petroleo Brasileiro
  • 07/05/2001 -- Chevron makes seventh find on Angola Block 14
    Chevron Corp. said it made a seventh find on Angola Block 14 with Tombua field. The discovery well, in 925 ft of water 19 miles south of Kuito field, was drilled to 10,535 ft depth. It tested 10,022 b/d of 39°-gravity crude from two zones.
  • 07/31/2001 -- DTE joins group to cut greenhouse gas emissions
    Detroit utility holding company DTE Energy Co. said it joined the Chicago Climate Exchange, a group with plans to establish a voluntary greenhouse gas pilot trading program and cut emissions 5% by 2005 from 1999 levels.
  • 07/25/2001 -- Electric Power news briefs, July 25
    American Electric Power Inc. ... Bay Gas Storage Co. Ltd. ... Puget Sound Energy ... Black Hills Energy Capital Inc. ... Enron Corp. ... PSEG Global ... Empresa de Electricidad de los Andes SA ... Excelergy Corp. ... Royal Dutch/Shell ... SeaWest WindPower Inc. ... PacifiCorp ... Electricit�u Laos ... ABB Group
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