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Transportation 2001 P18

  • 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.
  • 06/29/2001 -- Eleven Southeast transmission line owners to form RTO
    Eleven owners of transmission systems across Alabama, Florida, Georgia, Mississippi, and South Carolina reported signing of a memorandum of understanding to develop a regional transmission organization for the Southeast. A filing with federal regulators is expected by Dec. 15.
  • 07/02/2001 -- Venezuela awards TotalFinaElf group Yucal Placer gas concessions
    Venezuela has awarded a consortium headed by TotalFinaElf SA the Yucal Placer Norte and Yucal Placer Sur blocks. The award is part of a move to open the Venezuelan gas sector to private investment, said TotalFinaElf.
  • 07/02/2001 -- EOTT Energy Partners acquires processing, transportation assets for $120 million
    EOTT Energy Partners LP, Houston, acquired processing and transportation assets from an affiliate of Enron Corp. and a natural gas liquids storage facility previously held by an Enron affiliate under a lease financing agreement for $120 million.
  • 07/02/2001 -- With demand up, California ISO calls Stage 2 emergency
    With power demand running 2,000 Mw above forecasts, the California Independent System Operator issued a Stage 2 emergency Monday signifying the reserve margin has fallen to less than 5%. The grid operator said power demand is up due to temperatures that are 5-6° F. hotter than meteorologists predicted.
  • 07/03/2001 -- PetroChina to complete oil products pipeline in June 2002
    PetroChina Co. Ltd. expects to complete a 1,247-km oil products pipeline by June 2002. The line will move oil products produced by PetroChina's Lanzhou Petrochemical Corp. to markets in the southwest Yunnan, Guizhou, and Sichuan provinces and Chongqing City.
  • 07/03/2001 -- Williams completes expansion of Kern River gas pipeline into California
    Williams completed construction of expanded facilities on its Kern River natural gas pipeline, adding 135,000 dekatherms/day of capacity into the California market. Meanwhile, Williams Energy Partners LP completed the purchase of two petroleum distribution facilities in Little Rock, Ark.
  • 07/03/2001 -- United Nations delays 'smart sanctions' proposal involving Iraqi oil exports
    The United Nations Security Council Monday deferred action on a UK and US proposal to fine-tune international economic sanctions against Iraq. The delay presumably opens the door for resumed Iraqi oil exports of 2 million b/d.
  • 07/05/2001 -- Bolivian project studies export of LNG to US West Coast
    Partners in Margarita gas field in Bolivia are launching the second phase of a study that proposes liquefied natural gas exports to the US West Coast. The project calls for a 900-km gas pipeline from the field to a two-train gasification plant on the Chilean coast, tankers, and a regasification plant in Baja California.
  • 07/05/2001 -- Southern California Edison says summer blackouts still 'expected'
    Southern California Edison Co. said despite lower energy use and increased supply than previously anticipated, blackouts are still 'expected' during the summer. Electricity imports are lower than anticipated in California and interruptible load participation is already near its limits.
  • 07/05/2001 -- Hold off on retail competition, says Alaska regulatory staff
    Alaska regulators have recommended the state hold off on retail electricity competition, while boosting wholesale competition in the nation's largest and one of its most lightly populated states. . Some sources believe the study's conclusions will lay to rest a proposal that has been on the commission docket since 1999.
  • 07/06/2001 -- BP acquires Cairns stake in Tangguh field in Indonesia
    BP PLC said it has acquired Cairns Ltd., a subsidiary of Genting Berhad of Malaysia, for $107 million and a deferred share of about 3% of net profit from Tangguh field in Indonesia. Tangguh, with 14.4 tcf of proved reserves, covers three production-sharing agreements. BP already held interests in two of them.
  • 07/09/2001 -- Canyon Express project in Gulf of Mexico gears up with survey completion
    TotalFinaElf SA's Canyon Express pipeline project in the US Gulf of Mexico has moved ahead with the completion of the flowlines prelay survey, contractor Sonsub Inc. said Monday. Sonsub conducted work including bathymetric survey of the proposed pipeline routes and grid surveys of the proposed sled lay down areas between the Canyon Station Platform at Main Pass 261 to a termination point in Mississippi Canyon Block 348.
  • 07/09/2001 -- Sinopec acquires crude oil tanks in eastern China
    China Petroleum & Chemical Corp. (Sinopec) bought crude oil storage facilities from the Port Authority of Qingdao in eastern China, including 32 crude oil tanks and offsite facilities with capacity totaling 1.8 million cu m.
  • 07/09/2001 -- Congress wants to send White House energy legislation this summer
    Congressional leaders say they want to have key portions of the White House's energy blueprint ready for President George W. Bush to sign into law before Labor Day. Already Congress appears willing to streamline reformulated gasoline rules and improve vehicle efficiency standards.
  • 07/09/2001 -- Nepool files ICAP rules change with FERC
    Electricity sold outside the ISO New England's control area would not be subject to recall except to avoid blackouts, under a proposal New England Power Pool (Nepool) filed Friday with federal regulators. Presently, in emergencies the ISO New England can recall power sold as installed capacity (ICAP) outside the region.
  • 07/09/2001 -- Iraq expected to resume oil exports after UN extends sanctions plan
    The United Nations' Security Council and Iraq Monday agreed to extend the UN's oil-for-aid program for 5 months. The move is expected to mean Iraq will soon resume exporting 2 million b/d to world markets. It is uncertain whether the US and UK will consider offering the a new sanctions plan before the next oil-for-aid talks.
  • 07/09/2001 -- Transportation news briefs, July 9
    Shell International Trading & Shipping ... Brunei Gas Carriers ... Seven Seas Petroleum ... Express Pipeline Partnership ... Conoco ... Maritimes & Northeast Pipeline
  • 07/11/2001 -- Tyumen to sell crude to TotalFinaElf over 10 years
    Tyumen Oil Co., Moscow, has agreed to sell 2.9 million tonnes of crude oil to a subsidiary of TotalFinaElf SA over 10 years as part of a collateral agreement for loans from the US Export-Import Bank.
  • 07/11/2001 -- OPEC retains control of volatile oil prices, says transport executive
    Although world oil prices will remain volatile, members of the Organization of Petroleum Exporting Countries aren't likely to allow them to swing either too high or too low, the chairman of Plains All American Pipeline LP said Wednesday.
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