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Transportation 2001 P

  • 09/21/2001 -- California regulators kill retail choice
    After a lengthy delay, the California Public Utilities Commission ended consumer choice for electricity Thursday as required under a law adopted in January that also allowed the state to get into the power business. A trade group called on lawmakers to reverse the ruling.
  • 09/21/2001 -- Gujarat Gas to buy Lakshmi field gas
    Gujarat Gas Co. Ltd. agreed to buy 1.27 million cu m/day of gas for 5 years from Lakshmi field in the Gulf of Cambay off west India. Cairn Energy PLC and partners own that field, in Block CB-OS/2.
  • 09/21/2001 -- Williams increases energy marketing and trading visibility
    Energy marketing and trading will become Williams Cos. Inc.'s third major business group, Steven J. Malcolm, president of Williams said Friday. He said the reorganization reflects energy marketing and trading's role as a 'prominent driver is Williams's growth plan' and will give the investment community a better view of energy marketing and trading's contribution.
  • 09/21/2001 -- Statoil plans Europe's first LNG project to produce Barents field
    Plans to develop the first offshore gas field in the Barents Sea and with it Europe's first LNG project are to be revived. Statoil and its partners in Snøhvit gas field are expected to approve a new series of proposals next week, only 2 months after a deciding not to submit a plan for development and operation.
  • 09/21/2001 -- Senate panel sets Alaska gas pipeline hearing, puts energy bill on hold
    The Senate Committee on Energy and Natural Resources Thursday scheduled a hearing Oct. 2 on pending proposals to ship natural gas from Alaska to the Lower 48 states. Other energy legislation is still on hold as Congress focuses on pressing national security issues related to the Sept. 11 terrorist attacks in the US.
  • 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.
  • 09/17/2001 -- Mirant, Kinder Morgan boost earnings outlooks
    Amid the gloom, diversified energy companies Kinder Morgan Inc., Houston, and Mirant Corp., Atlanta, Ga., Monday issued optimistic earnings assessments for the third quarter and 2001. Kinder Morgan said it expected to meet or beat the consensus 2001 earnings estimate of $1.88/share, a nearly 47% increase over year 2000 earnings of $1.28/share. Mirant is forecasting year-end 2001 earnings of at least $1.95/share, up from the previous forecast of $1.90.
  • 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.
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