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Transportation 2001 P10

  • Mon Apr 09 10:04:00 CDT 2001 -- East Timor claims more oil, gas fields in Timor Gap area
    East Timor negotiators have complicated talks with Australia over shared royalty payments from petroleum production in the Timor Sea by claiming rights to Laminaria-Corallina-Buffalo oil fields and part of the yet-to-be-developed Sunrise-Troubadour gas fields.
  • Mon Apr 09 10:04:00 CDT 2001 -- BG-EGPC Egyptian LNG export project moves ahead
    Britain's BG Group PLC Monday signed a deal with Egyptian General Petroleum Corp. and Italy's Edison International SPA for an integrated liquefied natural gas export project in Egypt. The project will develop discovered, uncontracted gas reserves in the West Delta Deep Marine concession off Egypt and build a $900 million liquefaction plant on the coast.
  • Mon Apr 09 16:04:00 CDT 2001 -- Barton circulates draft emergency power bill
    Wholesale electricity generators, including cooperatives and municipal systems, throughout the US West could be subject to a federal price investigation under draft legislation being circulated by Rep. Joe Barton (R-Tex.), chairman of the US House Subcommittee on Energy and Air Quality. No final decision has been made, according to a Barton memo, but if it is incorporated into a final bill, it would require regulators to open proceedings within 10 days of its passage.
  • Tue Apr 10 09:04:00 CDT 2001 -- Government austerity policy may delay Thai gas pipeline
    A new Thai import reduction policy will force the Petroleum Authority of Thailand to defer its planned 3 billion baht ($66.6 million) project to lay an onshore gas pipeline in southern Thailand. The kingdom's new government has instructed various state enterprises to delay or trim projects that involve major imports due to a poor balance of trade.
  • Tue Apr 10 09:04:00 CDT 2001 -- Shell eyes further GTL studies in Argentina, Australia
    Shell Gas & Power, the Royal Dutch/Shell Group's gas and power arm, said Tuesday it was rolling out two further studies into the international investment potential of Gas-to-Liquids projects using its proprietary middle distillate synthesis (SMDS) process. The studies follow on from similar investigations into potential projects in Egypt, Indonesia, Iran, and Trinidad/Tobago.
  • Tue Apr 10 16:04:00 CDT 2001 -- Task force sees hard energy policy choices for US
    California's electricity problems could become commonplace unless the US government develops a long-term, comprehensive energy policy immediately, said an independent task force. But forming that policy will involve some hard choices.
  • Tue Apr 10 16:04:00 CDT 2001 -- Harken signs technical evaluation agreement in Peru
    Harken Energy Corp., Irving, Tex., Tuesday said it diversified its international operations by signing a technical evaluation agreement (TEA) with Perupetro SA, the state oil company, for an area covering 6.8 million acres in northeastern Peru. Harken has the option to convert the TEA to a 7-year exploration contract, with a 22-year production period.
  • Tue Apr 10 17:04:00 CDT 2001 -- Texas Railroad Commission rules integrity tests for intrastate pipelines
    The Texas Railroad Commission Tuesday unanimously adopted its first rule for integrity testing 150,000 miles of intrastate pipelines already in place for transportation of natural gas and hydrocarbon liquids.
  • Wed Apr 11 09:04:00 CDT 2001 -- Statoil submits plan for larger Kvitebjørn pipeline off Norway
    Statoil AS has proposed to boost the capacity of the gas pipeline it plans for its North Sea Kvitebjørn field. It said "more capacity can be achieved without additional cost" by streamlining the pipeline's landfall route to accommodate output from other fields.
  • Wed Apr 11 10:04:00 CDT 2001 -- California ISO frets about transmission in wake of utility reorganization
    Terry Winter, CEO of the California Independent System Operator, saidPacific Gas & Electric Co.'s bankruptcy reorganization filing introduced a new element of uncertainty with respect to maintenance and investment in the transmission system at a time the grid operator is already struggling to maintain reliability. 'We literally are in uncharted waters,' he said.
  • Wed Apr 11 14:04:00 CDT 2001 -- Shell to raise China spending
    A unit of Royal Dutch/Shell Group is planning to raise its investments in China to $5 billion by 2005 from $1.7 billion at the end of last year, according to a Shell senior executive. Investments by Shell China Petroleum BV will include a 50% stake in a 800,000-tonne/year ethylene cracker and cogasification projects.
  • Wed Apr 11 16:04:00 CDT 2001 -- FERC's Breathitt calls on states to permit gas price hedging
    State regulators should investigate the benefits of permitting energy companies to hedge gas purchases to decrease volatility, said the Federal Energy Regulatory Commission's Linda Breathitt. With gas prices topping $10/Mcf on the New York Mercantile Exchange this winter and skyrocketing to $50/Mcf at times in California, policies should be in place to give natural gas buyers incentives to use risk management tools, Breathitt told the American Gas Association.
  • Thu Apr 12 08:04:00 CDT 2001 -- Iraq weekly oil exports leap by 500,000 b/d, says UN
    Iraq's United Nations-administered oil exports leaped to 2.29 million b/d last week, up from 1.8 million b/d the week before, according to data released Tuesday by the UN Office of the Iraq Program. It said Iraq sold 16 million bbl of oil during the week, earning 356 million euros.
  • Thu Apr 12 15:04:00 CDT 2001 -- Tuscarora Gas Transmission proposes $60 million expansion
    Tuscarora Gas Transmission Co. Thursday applied with the Federal Energy Regulatory Commission for a $60 million pipeline expansion to meet the growing needs of gas customers in northern Nevada. Tuscarora is a pipeline subsidiary of Sierra Pacific Resources, Reno, Nev., and TC PipeLines LP of Houston.
  • Thu Apr 12 18:04:00 CDT 2001 -- Williams secures commitments for Transco mainline expansion
    A Williams unit, Transcontinental Gas Pipeline Corp., has secured 526 MMcfd of binding commitments for the expansion of its mainline from near Greensburg, La., to near Chatham, Va., to meet increasing gas demand in the southeastern US. It will disclose costs, facilities, rates, and customers later.
  • Thu Apr 12 18:04:00 CDT 2001 -- Strong market poses problems, opportunities for offshore industry
    Convergence of strong fundamentals for US oil, natural gas, and electric power markets will boost offshore exploration and development over the next few years, if the industry can find the people and equipment to do the work, a group of business executives said Thursday.
  • Fri Apr 13 09:04:00 CDT 2001 -- California ISO gets more bad news on plants
    Most peak power units in California will not be able to operate after May 2001 without special variances from environmental authorities and five base load plants will be out of service until mid-June, Tracy Bibb, director of scheduling and outage for the California Independent System Operator, said. Bibb delivered the bad news at Thursday�s board meeting. He said 1,450 Mw of peaking units have already exhausted 50-75% of their annual nitrogen oxide and carbon dioxide emissions allowables.
  • Mon Apr 16 09:04:00 CDT 2001 -- Explorer Pipeline board approves pipeline expansion
    Explorer Pipeline Co., Tulsa, said its board approved a plan to expand its main products line between Houston and Chicago by at least 100,000 b/d before late 2002 and also approved additional expansions of up to another 75,000 b/d contingent on volume commitments. The products pipeline moves 560,000 b/d of gasoline, diesel fuel, and jet fuel through a 28-in. line from Houston to Tulsa.
  • Tue Apr 17 09:04:00 CDT 2001 -- Democrat senators ask US GAO to investigate FERC on gas, power
    Senators Joe Lieberman (D-Conn.) and Jean Carnahan (D-Mo.) asked the US General Accounting Office to conduct an investigation of the Federal Energy Regulatory Commission's actions to ensure that wholesale electricity prices are reasonable. They also requested the GAO take a look at FERC's role in overseeing interstate natural gas pipelines.
  • Tue Apr 17 14:04:00 CDT 2001 -- Brazil allows BG to use Bolivia-Brazil gas pipeline
    Over the objections of Petroleo Brasileiro SA (Petrobras), Brazil's National Petroleum Agency (ANP) has determined that BG Group PLC may use part of the capacity of the 3,150 km Bolivia-Brazil gas pipeline. BG will have the right to transport 700,000 cu m/day until September and then 2.1 million until December 2002.

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