-- Oil majors vie for 24.5% share of Persian Gulf Dolphin gas project Five companies -- BP PLC, ChevronTexaco Corp., ExxonMobil Corp., Occidental Petroleum Corp., and Royal Dutch/Shell Group -- have until yearend to bid close to $1 billion to win a 24.5% stake in the inter-Gulf Dolphin gas project operated by Dolphin Energy Ltd.
-- Fuelish follies Instead of being left in the dark, Californians may now be stranded by the side of the road if state officials insist on moving forward with its 2003 zero-emission vehicle (ZEV) program.
-- Phillips, Conoco plan $35 billion 'merger of equals' next year Conoco Inc. and Phillips Petroleum Co. said their boards have approved a merger creating a $35 billion ConocoPhillips. The companies expect to complete the merger in the second half of 2002. They anticipate cost savings of $750 million/year.
-- API says US gasoline prices decline for eighth straight week The American Petroleum Institute reports that average prices for regular gasoline in the US fell to $1.182/gal (including taxes) on the eve of the Thanksgiving holiday travel period. Prices fell for the eighth consecutive week and were 34¢ less than at the same time a year ago.
-- US EIA projects higher long-term crude prices The US Energy Information Administration Wednesday projected the world oil price will be $24.68/bbl in 2020, about $2/bbl higher than the agency forecast last year. Imports will continue to be a key part of the US energy mix, EIA found. Oil imports will grow to 62% from 53% over the next 2 decades.
-- Electric Power news briefs, Nov. 13 Calpine Corp. ... Seminole Electric Cooperative Inc. ... Boralex Inc. ... Gaz Metropolitain Inc. ... Mutual Energy-CPL ... TXU Corp. ... StarEn Power ... Wisconsin Energy Corp. ... AES Deepwater Inc. ... Idaho Power Co. ... TransAlta Corp. ... Puget Sound Energy ... NewPower Holdings Inc.
-- Electric Power news briefs, Nov. 12 Guardian Pipeline ... EM-One Power Station LLC ... Neptune Regional Transmission System ... Duke Energy Corp. ... Constellation Energy Group ... Calpine Corp. ... Bechtel Enterprise Holdings Inc. ... Grupo Generador de Guatemala y Cia ... PT PLN ... Tennessee Valley Authority ... AES Corp. ... Global African Power Ltd.