Transportation 2001 P

07/18/2001 -- Kinder Morgan buys Texas gas pipeline
Kinder Morgan Energy Partners LP agreed to acquire a Texas natural gas pipeline system from an affiliate of Occidental Petroleum Corp. for $360 million.
07/18/2001 -- US Senate approves 2-year ban on drilling under Great Lakes
The US Senate Wednesday passed an amendment to a pending spending bill that places a 2-year ban on any new oil and gas drilling in the Great Lakes. Similar legislation that would bar drilling in the Great Lakes is also included in the House version of the bill, HR 2311, the Energy and Water Development Appropriations Act.
07/18/2001 -- OCP Ecuador begins building much-anticipated Ecuadorean pipeline
OCP Ecuador SA has begun building the $1.2 billion Oleoducto de Crudos Pesados (OCP) pipeline in Ecuador, said project partner Alberta Energy Co. Ltd. Techint International Construction Corp., Buenos Aires, has a fixed-price engineering, procurement, and construction contract to build the line.
07/18/2001 -- TotalFinaElf developing Matterhorn field in deepwater Gulf of Mexico
TotalFinaElf E&P USA, an affiliate of French company TotalFinaElf SA, has begun development work on Matterhorn oil field on Mississippi Canyon Block 243 in the US Gulf of Mexico. The field, in 850 m of water, is 170 km southeast of New Orleans. TotalFinaElf owns 100% of the field.
07/18/2001 -- FERC approves Horizon gas pipeline project in northern Illinois
Natural Gas Pipeline Co. of America and Nicor Inc. said the Federal Energy Regulatory Commission has approved their $79-million Horizon natural gas pipeline project in northern Illinois. They plan to build 27 miles of 36-in. line and lease 46 miles of existing pipeline.
07/18/2001 -- Safety group pushing revised fire code for propane storage sites
The National Fire Protection Association (NFPA) has proposed that US facilities with more than 4,000 gal of propane storage prepare written fire safety analyses. The code is the nation's primary standard for propane safety. States and municipalities often adopt NFPA codes into law.
07/18/2001 -- France, Spain consider another link of gas transport networks
French and Spanish companies are considering building a 10.7 million euro pipeline to improve gas transmission between the two countries. A proposed 29-km, 500 million cu m line along the Basque coastline could link the countries' gas transportation networks.
07/17/2001 -- Electric Power news briefs, July 17
International Power PLC ... DBS Industries Inc. ... Titan Corp. ... Aquila Inc. ... Calpine Corp. ... El Paso Corp. ... GDF Energy Inc. ... NCNG ... Nicor Energy Inc. ... KeySpan Corp. ... Reliant Energy Services Inc. ... Wisconsin Electric Power Co. ... Wisconsin Public Service Corp. ... Alliant Energy-Wisconsin Power & Light ... Avista Utilities
07/17/2001 -- El Paso, Gaz de France offer open season on storage capacity
El Paso Corp. and GDF Energy Inc., a subsidiary of Gaz de France SA, have begun an open season for 3 bcf of natural storage capacity in Schuyler County, NY. The season will close July 27.
07/17/2001 -- AltaGas acquires gas gathering, processing system
AltaGas Services Inc., Calgary, signed a letter of intent to acquire a 90% stake in a natural gas plant and associated gas gathering system near Red Deer, Alta.
07/16/2001 -- House Democrats file competing energy bill on public lands issues
House Democrats this week will seek to pass energy legislation that its supporters say does a better job balancing public land management. The bill is an alternative to a GOP proposal supported by industry and opposed by environmental groups. It was uncertain how much of the Democratic bill would be included in a final House measure.
07/13/2001 -- EEI study forecasts need for $56 billion of transmission capacity
Nearly $56 billion in new capacity is needed in the next 10 years to maintain US transmission adequacy at its current level, but only about $35 billion is planned, an electric industry group said. Transmission capacity relative to peak demand has been declining and is expected to continue to decline, the Edison Electric Institute found in a new analysis.
07/13/2001 -- US Senate bill boosts funding for pipeline regulation, inspection
The US Senate Committee on Appropriations passed a bill Thursday to boost funding for pipeline safety programs $11 million over current levels for the fiscal year beginning Oct. 1. The full Senate is expected to take up the measure later this month. It is unclear whether the White House supports the Senate bill.
07/13/2001 -- Senate bill retains Lease 181 lease sale, ban on monument drilling
The US Senate Thursday passed a bill blocking new energy leases in national monuments but that retains a lease sale in the eastern Gulf of Mexico scheduled for this December. Senate supporters of the lease sale predicted that discussions with House lawmakers would yield a final bill to President George W. Bush that included an eastern Gulf sale.
07/12/2001 -- Dynegy plans LNG terminal on Louisiana coast
Energy marketer Dynegy Inc. Thursday joined the competition to build a liquefied natural gas receiving and regasification terminal on the US Gulf Coast. The Houston company said it will construct a facility at Hackberry, La., on the company's existing liquefied petroleum gas terminal site.
07/12/2001 -- Dynegy to build LNG terminal on Louisiana coast
Dynegy Inc., Houston, Thursday said it plans to build a liquefied natural gas receiving and regasification terminal in Hackberry, La., on the site of the company's existing liquefied petroleum gas terminal. The LNG facility will be capable of receiving and processing 750 MMcfd of LNG. It will be expandable to 1.5 bfcd.
07/11/2001 -- FERC orders talks to create single RTOs for Northeast, Southeast
In a surprise move, federal regulators Wednesday ordered mediation talks to begin in a week on formation of single regional transmission organizations serving the US Northeast and Southeast. Independent generators praised the decision, but the Northeast ISOs and southeastern transmission system owners were taking a wait-and-see attitude.
07/11/2001 -- FERC takes step to create single RTOs for US Northeast, Southeast
In a surprise move, federal regulators Wednesday ordered mediation talks to begin in a week on formation of single regional transmission organizations serving the US Northeast and Southeast. Independent generators praised the decision, but the Northeast ISOs and southeastern transmission system owners were taking a wait-and-see attitude.
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.
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.

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