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Transportation 2001 P

  • 09/21/2001 -- Duke plans $8.5 billion acquisition of Westcoast Energy
    Duke Energy Corp., Charlotte, NC, said Thursday it will acquire Westcoast Energy Inc., Vancouver, in a cash and stock transaction valued at $8.5 billion, including assumed debt. Duke said the acquisition can be completed during first quarter.
  • 09/21/2001 -- Collateral damage
    Energy companies and federal policymakers are still coming to terms with the full impact of recent terrorist attacks on US soil.
  • 09/21/2001 -- Oil markets face greatest uncertainty ever
    In terrorism's aftermath, oil markets face their greatest uncertainty ever--oil prices could just as easily collapse as they could spike out of sight.
  • 09/20/2001 -- Enron official says military action won't effect gas, electricity markets
    A top Enron Corp. official said Thursday US natural gas and electric power markets should remain stable even if the US undertakes continuing military actions against terrorists. He called for four policy initiatives to strengthen energy markets.
  • 09/20/2001 -- PetroChina completes natural gas pipeline in northwest China
    PetroChina Co. completed a major natural gas pipeline in northwestern China in early September. The construction started in late March of 2000.
  • 09/19/2001 -- EnerSea plans to commercialize CNG marine transport method
    EnerSea Transport LLC, Houston, said Wednesday it plans to commercialize its Votrans compressed natural gas marine transport technology.
  • 09/19/2001 -- Con Edison says power restored in Lower Manhattan
    Consolidated Edison Inc. said it restored electrical service to its Cortlandt network Wednesday returning service to all networks in Lower Manhattan that lost power after Tuesday's terrorist attack on New York's World Trade Center. Tuesday, the company began restoring electric service to Battery Park City.
  • 09/18/2001 -- Oil pipeline industry group says US systems are secure
    Responding to heightened concern over possible terrorist attacks, industry officials Tuesday sought to assure the public that pipelines are secure and operating normally. Pending before Congress is a bill that seeks to boost the safety of the country's oil and gas pipelines through more federal government oversight.
  • 09/17/2001 -- Con Edison restores some power after World Trade Center disaster
    New York's Consolidated Edison Inc. Monday said it restored power to parts of Lower Manhattan but warned customers to minimize use as much as possible while electric work continues in the area. The company reported restoring power to the majority of its Fulton network, one of several networks that have been shut down since Tuesday�s terrorist attack on the World Trade Center.
  • 09/17/2001 -- Clough, Mermaid Marine to form pipe installation JV
    Clough Engineering Ltd., Perth, and Mermaid Marine Australia Ltd. have signed a memorandum of understanding to form a joint venture for shallow water pipeline installation. Shareholders must approve the proposal.
  • 09/14/2001 -- Southern California Edison holding out for rescue package
    Southern California Edison Co. officials Friday said the foundering utility received a 2-week reprieve from banks that hold two major credit lines set to expire Saturday. The utility has billions of unpaid debts and obligations and is still hoping the California state Assembly will pass a rescue package that will make the company creditworthy.
  • 09/14/2001 -- Restrictions stem marine shipments of fuel, official said
    Stringent new safety restrictions and inspections of marine vessels to prevent terrorist attacks are tying up barge and tanker traffic in several East Coast ports and could cause shortages of gasoline and heating oil in some US markets, an industry executive charged Friday.
  • 09/14/2001 -- Shell takes 26% share in Pakistan pipeline project
    Shareholders of Shell Pakistan Ltd. have approved the investment of $32 million for a 26% interest in Pak Arab Pipeline Co. (Pvt.) Ltd., which plans to build the $480 million white oil pipeline project.
  • 09/14/2001 -- CNOOC considering LNG terminals in eastern China
    China National Offshore Oil Corp. is considering building liquefied natural gas terminals in eastern China's Fujian and Shandong provinces. CNOOC has just started prefeasibility studies with officials in the two provinces.
  • 09/14/2001 -- FERC allows recovery of security related costs
    Federal regulators said pipeline and electric transmission companies could recover in rates expenditures for security upgrades to safeguard the electric power grid and gas and oil pipeline systems. Filings would be processed under the 'highest priority,' the Federal Energy Regulatory Commission said.
  • 09/14/2001 -- Market watch: NYMEX will make second try at trading
    New York Mercantile Exchange officials will make a second attempt to reopen trade of all major futures contracts Friday afternoon through a new internet-based version of its access system.
  • 09/13/2001 -- New helicopter flight rules slow offshore crew transfers
    Helicopter flights to offshore rigs and platforms in the Gulf of Mexico resumed Thursday under stringent new rules that are overloading the Federal Aviation Administration and slowing industry operations, government and industry officials said.
  • 09/13/2001 -- Bidder Communications buys Southern States Gas Gathering
    Stockholders of Bidder Communications Inc., Dallas, have approved the purchase of Southern States Gas Gathering LLC in a diversification move. Purchase price was not disclosed but Bidder said Southern States has a replacement value of $2.3 million.
  • 09/13/2001 -- Sasol signs $1.2 billion gas pipeline project deal with Mozambique
    Sasol Ltd. Thursday signed a deal with Mozambique that would govern construction of a $1.2 billion pipeline to move gas from that nation to South Africa. The two nations and Sasoil also signed a deal governing ownership of the line.
  • 09/13/2001 -- SEA Gas awards preliminary Australian gas pipeline contract
    SEA Gas Pty. Ltd., a 50:50 joint venture of Australian National Power and Origin Energy Pty., has awarded Kellogg Brown & Root a contract for a gas pipeline from the Port Campbell area in Victoria to Adelaide, South Australia.

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