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Transportation 2001 P

  • 06/20/2001 -- Cambridge Energy Research projects LNG industry to triple by 2020
    The liquefied natural gas (LNG) industry will triple in size and become a major global energy player by 2020, Cambridge Energy Research Associates (CERA) said in a briefing in Istanbul, Turkey, Wednesday. The CERA study outlined three scenarios for the future of LNG, in which only one scenario forecast growth of 1.5 times versus 3 times.
  • 06/21/2001 -- Williams to hold open season for gas trunkline expansion
    A unit of Williams, Tulsa, said it is holding an open season for natural gas transportation capacity to be created by the Cornerstone Expansion Project. This is the fourth pipeline expansion project announced this week by the pipeline giant.
  • 06/21/2001 -- Duke and KeySpan apply to build Islander East gas pipeline
    Islander East Pipeline Co. LLC has asked the US Federal Energy Regulatory Commission for approval to build and operate about 50 miles of pipeline to move natural gas to growing markets in Connecticut, New York City, and Long Island. Islander East is owned by subsidiaries of Duke Energy Corp. and KeySpan Corp.
  • 06/21/2001 -- DOT fines El Paso record $2.52 million for pipeline accident
    The US Department of Transportation Thursday proposed a $2.52 million civil penalty for the El Paso Energy Pipeline Group for safety violations related to the August 2000 pipeline failure in Carlsbad, NM. It is the largest civil penalty ever proposed against a gas pipeline operator in the federal pipeline safety program.
  • 06/21/2001 -- Electric Power news briefs, June 21
    WGL Holdings Inc. ... Aquila Inc. ... Electric City Corp. ... Great Lakes Controlled Energy ... Florida Power & Light ... Pepco Energy Services Inc. ... Unitemp Inc. ... Islander East Pipeline Co. ... Duke Energy Corp. ... KeySpan Corp. ... Environmental Power Corp. ... Microgy Cogeneration Systems ... PG&E National Energy Group ... Dynegy Inc. ... Madison Gas & Electric ... Wisconsin Energy Corp. ... Salt River Project ... Reliant Energy ... Constellation Energy Group
  • 06/22/2001 -- California red tape hampers gas storage expansion
    A proposal to double the size and triple the withdrawal capacity of a natural gas storage facility in energy-starved California is being hampered by regulatory delays, the president of an independent Canadian storage firm said Friday.
  • 06/25/2001 -- Phillips secures financing for Venezuelan Hamaca project
    Phillips Petroleum Co. and its partners have secured some $1.1 billion in debt financing for the Hamaca extra-heavy oil project in Venezuela's Orinoco Oil Belt. The US Export-Import Bank will provide a guarantee supporting $628 million of bank funding, and eight financial institutions will provide $470 million.
  • 06/25/2001 -- Wintershall acquires Ranquil Norte exploration block off Argentina
    Wintershall Energia SA has expanded its South American exploration portfolio with the acquisition of the Ranquil Norte Block in the Neuquen basin. Exploration on the 2,232 km block, where Wintershall is operator with a 100% stake, will begin in September with 2D and 3D seismic and an exploration well.
  • 06/25/2001 -- Plains All American to expand Cushing terminal by 1.1 million bbl
    Plains All American Pipeline LP, Houston, plans to expand its Cushing, Okla., terminal facility capacity by 1.1 million bbl, bringing total capacity to 4.2 million bbl. Plains All American will award the contracts for the $11 million project in the next 2 months, and construction will begin shortly thereafter.
  • 06/25/2001 -- Duke Energy plans gas storage facility in Mississippi
    A unit of Duke Energy Corp. plans to leach out an underground salt dome to create a natural gas storage facility with 3-bcf initial capacity in Copiah County, Miss., officials said Monday.
  • 06/26/2001 -- CSO Deep Blue gets Na Kika work in Gulf of Mexico
    Shell Exploration & Production Co. has awarded Coflexip Stena Offshore Inc. the contract to install infield flowlines and risers for the ultradeepwater Na Kika six-field development on Mississippi Canyon Block 474 of the US Gulf of Mexico. Coflexip's recently built construction vessel CSO Deep Blue will lay lines in 5,800-7,000 ft of water.
  • 06/26/2001 -- Co-op chief calls for US electric transmission reform
    The existing system for moving electricity from region to region in the US is 'inadequate' and should be reformed, Glen English, CEO of the National Rural Electric Cooperative Association, testified Tuesday. He called for a plan that allows anyone to build regionally approved transmission lines that enhance the national grid and keeps transmission priced at low cost-of-service rates with a reasonable return on investment.
  • 06/27/2001 -- Duke Energy, GPU to go ahead with gas pipeline project
    Duke Energy International, a unit of Duke Energy Corp., and GPU GasNet, owner of the Victorian gas distribution network, have decided to jointly go ahead with the $250 million South Australian Gas Pipeline project.
  • 06/28/2001 -- Senate Banking chairman seeks 5-year extension of Iran sanctions
    Senate Banking Committee Chairman Paul Sarbanes (D-Md.) Thursday endorsed a 5-year extension of a controversial law designed to punish foreign oil companies that invest more than $20 million/year in Iran or Libya. A floor vote is not expected until Congress returns from a July 4 recess.
  • 06/28/2001 -- US House votes to ban Great Lakes drilling, block gas line to Florida
    The US House of Representatives Thursday approved an amendment to prohibit federal funds being spent in support of drilling in the Great Lakes or its tributaries, and to block the Gulfstream gas pipeline project from Mobile Bay, Ala., across the Gulf of Mexico to central Florida.
  • 06/29/2001 -- Baby steps
    In Washington, DC, it's been one step forward, two steps back on energy policy, industry officials say.
  • 06/29/2001 -- Georgia Power files plan to raise rates, build infrastructure
    Georgia Power Co., a unit of Southern Co., Atlanta, said it is seeking a 7.5% rate increase spread over 5 years to help finance construction of new transmission lines and pollution control equipment. The company asked for a 1.5%/year increase to cover the cost of purchased power or of building new generating capacity. It also asked Georgia regulators to raise its authorized return on equity to 11-13.5% from the existing range of 10-12.5%.
  • 06/29/2001 -- Analyst says gas industry unprepared to serve power demand
    Investment banker Williams Capital Group LP, New York, says natural gas supply must rise a nearly 'preposterous' 50% to more than 33 tcf by 2004 to serve electric generation in development in the next 4 years. With 90% of a proposed 350,000 Mw of generating capacity scheduled to be gas-fired, unprecedented amounts of new net gas production will have to emerge in the next 3-5years, it said.
  • 06/29/2001 -- Transportation news briefs, June 29
    ENI ... Società Rete Gas Italia ... OCP Ecuador ... Techint SA ... Enbridge Pipelines ... Garneau
  • 06/29/2001 -- Analyst says power plant demand will overwhelm gas industry
    Investment banker Williams Capital Group LP, New York, says US natural gas supply must rise a nearly "preposterous" 50% to more than 33 tcf by 2004 to serve electric generation in development. With 90% of a proposed 350,000 Mw of generating capacity scheduled to be gas-fired, unprecedented amounts of new net gas production will have to emerge in the next 3-5years, it said.

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