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Transportation 2001 P3

  • Mon Jan 15 15:01:00 CST 2001 -- NEB to explore mediation for route hearings
    The Canadian National Energy Board intends to explore how mediation can be used to resolve disputes during detailed route hearings for proposed oil and gas pipelines. The board last week sent a draft Mediation Practice Direction to landowners and industry stakeholders for comment. It also would like comments for using alternative dispute resolution tools for other types of applications.
  • Tue Jan 16 14:01:00 CST 2001 -- Duke to expand Louisiana gas storage
    Market Hub Partners LP, a division of Duke Energy Gas Transmission, said Tuesday it will expand its Egan, La., gas storage facility to 16 bcf from 12 bcf. MHP has filed with the Federal Energy Regulatory Commission for permits to begin the $9 million expansion. Completion is expected by 2005.
  • Wed Jan 17 11:01:00 CST 2001 -- Gulfstream awards installation contract to Stolt Offshore
    Gulfstream Natural Gas System LLC has awarded Anglo-Norwegian subsea contractor Stolt Offshore SA a contract to install the offshore portion of the Gulfstream gas pipeline from Mobile Bay, Ala., to Tampa Bay, Fla. Stolt said this is the largest offshore pipelay project to date in the Gulf of Mexico.
  • Wed Jan 17 15:01:00 CST 2001 -- Unocal begins leaching Texas gas storage cavern
    Unocal Global Trade said Wednesday it has begun solution mining its Keystone gas storage facility near Kermit, Tex. Located near the Waha Hub, the Keystone project will have 3 bcf of high deliverability salt cavern storage capacity, with sustainable 100 MMcfd injection and 200 MMcfd withdrawal capability.
  • Thu Jan 18 15:01:00 CST 2001 -- Shell Pakistan buys share in refined product line
    Shell Pakistan Ltd. has acquired a 26% share in Pak Arab Refinery Co. Ltd.'s (Parco) proposed refined product pipeline project from Karach to Mehmood Kot, near Multan, Punjab province. Parco is building a refinery at Mehmood Kot.
  • Thu Jan 18 16:01:00 CST 2001 -- AEC buys Ballard Petroleum for $340 million
    A unit of Alberta Energy Co. Ltd., Calgary, has bought privately owned Ballard Petroleum LLC, of Billings, Mont., for $340 million (Can.), acquiring 280 bcf equivalent of proven and probable gas reserves (46.7 million boe) in Mamm Creek field of northwest Colorado.
  • Fri Jan 19 12:01:00 CST 2001 -- Quebec utility, Enbridge to build new gas line
    Gaz M�opolitain & Co. LP and Enbridge Inc. have proposed a $270 million (Can.) project to supply gas from off Nova Scotia to markets in New Brunswick, Quebec, and Ontario. The 50:50 venture will tie-into the existing Maritimes & Northeast Pipeline, which carries gas from off Nova Scotia to the northeastern US.
  • Mon Jan 22 11:01:00 CST 2001 -- Tractebel to buy output of AEP-Dow cogen plant
    Tractebel Energy Marketing Inc., the North American trading and marketing unit of Tractebel SA, reported signing a 20-year agreement with American Electric Power Co. (AEP) to purchase the output from AEP's planned 900 Mw cogeneration plant at the Dow Chemical Co. complex in Plaquemine, La. The facility will be developed and constructed by AEP and operated by Dow under a separate agreement. Construction of the $325 million plant is expected to begin in 2001.
  • Mon Jan 22 18:01:00 CST 2001 -- Limited imports, transmission hamper California market
    California remained in the highest state of emergency Monday but no outages were expected. The problem continues to be centered in northern California because of limited imports from the Northwest, energy officials said during an afternoon briefing. Congestion on transmission lines in the middle of the state also remains a problem.
  • Tue Jan 23 10:01:00 CST 2001 -- IPE breaks traded volume records
    Total traded volume on the International Petroleum Exchange in London exceeded 25 million lots last year, a jump of 11% against 1999 figures and a new record, according to the IPE. The value of this trade was some $799 billion, it said, compared to $500 billion the previous year. Brent crude futures�which swung in price from a low of $21.30 in April a 10-year high of $35.30 in October�traded just over 17 million lots, equal to 17 billion bbl, accounting for 70% of IPE business.
  • Tue Jan 23 12:01:00 CST 2001 -- TransCanada settles 2001-2002 transmission tolls
    TransCanada PipeLines Ltd. (TCPL), Calgary, and its Alberta natural gas pipeline unit reached a settlement on tolls on the Alberta transmission system for 2001 and 2002. The settlement established the NOVA Gas Transmission Ltd. fixed revenue requirement for the next 2 years. This, together with the receipt point specific rate design previously approved by the Alberta Energy and Utilities Board, forms the basis of tolls for the next 2 years.
  • Tue Jan 23 12:01:00 CST 2001 -- AEP forecasts earnings increase to $3.40-$3.50/share in 2001
    American Electric Power Co. (AEP) expects 2001 earnings to be $3.40-$3.50/share, Chairman E. Linn Draper Jr. said Tuesday, up from $2.70/share in 2000. Draper said the company will focus its attention on building a robust wholesale business this year, including marketing and trading and a plan reported last year to shift generating capacity into a unregulated arm of the company.
  • Tue Jan 23 14:01:00 CST 2001 -- Pertamina, Singapore Power push back contract sign date
    Pertamina said the signing of a 20-year gas sales agreement with Gas Supply Private Ltd., a subsidiary of state utility Singapore Power, has been pushed back to Feb. 12. The deal, which could be worth $14 billion, calls for the building of a 483-km pipeline from South Sumatra province to Singapore.
  • Wed Jan 24 08:01:00 CST 2001 -- Analyst: California crisis threatens economy
    Without a rapid and decisive response by the Bush Administration, California's power problems threaten to plunge the state into an 'economic depression, pulling the US down with it,' says a prominent energy analyst. The most important immediate need is to reestablish a viable market system, says Ed Krapels, director of Energy Security Analysis Inc. (ESAI), Wakefield, Mass.
  • Wed Jan 24 14:01:00 CST 2001 -- Green groups oppose Talisman gas line project
    A proposal by Talisman Energy Inc., Calgary, to build a sour gas pipeline in the Alberta Foothills region is opposed by environmental groups who have called for hearings on the project. The pipeline would be located just outside the 1,544-sq-mile Bighorn Wildland Recreation Area.
  • Thu Jan 25 09:01:00 CST 2001 -- Enbridge 2000 earnings up by more than 1/3
    Enbridge Inc., Calgary, reports a 36% increase in net earnings in 2000 to $392 million (Can.) compared with $288 million in 1999. Enbridge CEO Patrick Daniel said the pipeline and natural gas utility company achieved double-digit growth in earnings per share despite warmer than normal weather for the third consecutive year.
  • Thu Jan 25 10:01:00 CST 2001 -- Hain named UK Energy Minister in Labour ministerial shuffle
    UK Foreign Office Minister of State Peter Hain Thursday took up the post of Minister for Energy at the Department of Trade & Industry, as the country's Labour government rushed to complete an unscheduled cabinet and ministerial reshuffle prompted by the Northern Ireland Secretary Peter Mandelson's sudden resignation yesterday. Hain replaces Helen Liddell who takes over the cabinet post of Scottish Secretary.
  • Thu Jan 25 14:01:00 CST 2001 -- Electric Power news briefs, January 25
    TransAlta ... Gener SA ... Foster Wheeler Energy Corp. ... PSEG Power ... FuelCell Energy ... Northern Border Partners ... Bear Paw Energy LLC ... Bangor Hydro-Electric Co. ... Emera Inc. ... Dominion Resources Inc. ... Commonwealth Edison ... Marubeni Corp. ... Hitachi Ltd. ... Dominion Resources Inc. ... Gulf Power Generation Co. ... Consumers Energy Co. ... Detroit Edison Co. ... Indiana Michigan Power Co. ... Compania Nacional de Fuerza y Luz ... Instituto Costarricense de Electricidad
  • Fri Jan 26 09:01:00 CST 2001 -- Hybrid ROV system development moves ahead
    Mentor Subsea Technology Services Inc., a subsidiary of J. Ray McDermott SA, and International Submarine Engineering Ltd. (ISE), Friday laid out plans for the development of a prototype unmanned semisubmersible system called SAILARS, designed to launch and recover high-spec remotely operated vessels for a range of subsea intervention work. SAILARS is a hybrid autonomous underwater vehicle/remote operated vessels system that can operate and provide power for 50-150 hp work-class ROVs.
  • Mon Jan 29 11:01:00 CST 2001 -- Industrial users brake gas use
    High prices apparently induced industrial gas consumers to reduce demand an 'incredible' 9-12 bcf/day from mid-December through January, says a Houston energy analyst. As cold weather ramped up overall consumer demand, industrial gas consumers began shutting down plants, switched fuel, and undertook conservation measures, according to Raymond James & Associates, reducing usage 8-14%. Such a 'massive correction' implies the US will now have about 500 bcf in storage at winter's end.

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