General Interest 2001 P

11/05/2001 -- Market watch: Oil futures prices hit 2-year low on NYMEX
Oil futures prices tumbled to the lowest level in more than 2 years in a still bearish market Friday. The December contract for benchmark US light, sweet crudes dropped 21¢ to $20.18/bbl on the New York Mercantile Exchange, the lowest level since July 1999.
11/02/2001 -- Mirant blames poor market for debt plan delay
Independent power producer Mirant Corp. late Friday said the company postponed its planned convertible debt offering, citing poor market conditions. Earlier in the week, chief financial officer Raymond D. Hill said the company hoped to raise $1-$1.5 billion to help fund the Atlanta company's aggressive construction and acquisition strategy.
11/02/2001 -- Corporate risk management needs grow, Rolls-Royce power exec says
Terrorist attacks in the US underscore how much risk has changed in the past decade and how corporations must responding accordingly, James Wiegner, manager director of Rolls- Royce PLC's power generation unit, said in Houston Friday.
11/02/2001 -- London market disregards possibility of OPEC quota cuts
London-based oil traders and analysts are already writing-off predicted output cuts by the Organization of Petroleum Exporting Countries as too little and too late to halt oil prices from entering a recession-inspired slide.
11/02/2001 -- Market watch: Energy futures decline on NYMEX, IPE
Energy futures prices declined in trading on the New York Mercantile Exchange and on the International Petroleum Exchange in London Thursday. The NYMEX December light sweet crude contract fell 79¢ to $20.39, and the IPE Brent contract fell 75¢ to close at $19.62/bbl.
11/02/2001 -- MTBE should stay in gasoline pool for now, DOE says
To avoid gasoline supply disruptions, policy makers should not ban the use of the fuel oxygenate methyl tertiary butyl ether in gasoline at this time, a Department of Energy official told lawmakers Thursday. US officials also said the health risks associated with MTBE were low.
11/02/2001 -- OPEC opts to defend price vs. market share-for now
OPEC is facing up to its Hobson's choice by opting to defend price vs. market share--for now.
11/01/2001 -- Better estimate of pollutant regulation costs needed, Senate chairman says
The Bush administration has yet to prove tougher emission standards would hurt power plants and refineries, the chairman of the Senate Committee on Environment and Public Works said Thursday. The White House opposes a plan by Chairman Jeffords (I-Vt.) to put new controls on carbon dioxide and other plant emissions.
11/01/2001 -- Teamsters union says majority of US Senate favors ANWR leasing
The Democratic-led US Senate is closer than ever to approving leasing of the coastal plain in the Arctic National Wildlife Refuge, a union spokesman said Thursday. Senate Democrats refuted that and said they could filibuster legislation that would allow ANWR leasing.
11/01/2001 -- US Senate Democrats resist inclusion of energy items in economic bill
US Senate Democratic leaders Thursday said they will resist efforts by oil state lawmakers to attach comprehensive energy legislation to a pending economic stimulus package. Senate Majority Leader Tom Daschle (D-SD) said there was no chance a wide-ranging energy proposal would be included.
11/01/2001 -- Enron procures a new $1 billion credit facility
Embattled Enron Corp. Thursday said it arranged for an additional $1 billion credit line from Salomon Smith Barney Inc. and JP Morgan Chase & Co. The credit line is secured by Northern Natural Gas Co. and Transwestern Pipeline Co., Enron's pipeline assets.
11/01/2001 -- Methanex arranges gas supply for methanol plant in Australia
Methanex Corp. has arranged for gas to supply a methanol plant to be built on the Burrup Peninsula in the Pilbara Region of Western Australia.
11/01/2001 -- Market watch: Oil prices fall as US inventory climbs
Oil futures prices fell in international markets Wednesday with reports of a build-up of US crude inventories. The December contract for benchmark US light, sweet crudes lost 67¢ to $21.18/bbl on the New York Mercantile Exchange.
10/30/2001 -- Enron gripped by 'credibility crisis,' analyst says
Enron Corp.'s shares lost another 20% in heavy trading Tuesday, while some analysts said the decline reflects a loss of confidence in the Houston energy marketer's leadership. 'The company is undergoing a management credibility crisis,' said Jon Kyle Cartwright, bond analyst with Raymond James & Associates.
10/30/2001 -- California appeals court panel grants temporary stay in SCE case
A California federal appeals court panel Tuesday granted a consumer group's request for temporary stay of a settlement between Southern California Edison Co. and the Public Utilities Commission. The Utility Reform Network's request for a stay will be reviewed by the district judge within the next 14 days to determine whether to order a stay pending appeal of the decision.
10/30/2001 -- Finance/Companies news briefs, Oct. 30
19552 Yukon ... Command Drilling ... Statoil ... Scandinavian Fittings & Flanges ... Aker Maritime ... Rider Resources ... Esker Resources ... Completion Systems ... BD Kendle Engineering ... Ivanhoe Energy ... Octagon Capital ... and more
10/30/2001 -- Consort Resources acquires UK North Sea assets from Enterprise
UK company Consort Resources Ltd. has agreed to acquire a package of southern North Sea assets from Enterprise Oil PLC, London, for £28 million. The assets include interests in Johnston and Anglia producing fields and the Orca-Beta potential gas development.
10/30/2001 -- Pirinc urges US to refill crude oil stockpile while market is low
The Petroleum Industry Research Foundation Inc. said Tuesday that the US is missing an opportunity if it fails to fill its Strategic Petroleum Reserve to capacity. It said the US could enhance energy security by purchasing relatively low-priced oil in the current market.
10/30/2001 -- NRG Energy to buy York Research Trinidad power project
A unit of NRG Energy Inc. has agreed to buy York Research Corp.'s 225 Mw power project in the Republic of Trinidad and Tobago for $140 million, York Research said Tuesday. Separately, York Research, New York, NY, reported it defaulted on a $10.3 million portfolio bond payment and replaced its chief executive as it faces the threat of a bankruptcy filing.
10/30/2001 -- Kværner accepts YUKOS-led rescue plan
Norwegian contractor Kværner ASA has agreed to a proposed solution for its financial difficulties. The solution involves financing through Russian company YUKOS and a group of Norwegian and international banks.

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