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Transportation 2001 P

  • 12/06/2001 -- Liquidity not a problem, Dynegy reassures market
    Energy marketer Dynegy Inc. Thursday said it has sufficient liquidity to fund operations following its purchase of gas storage assets in the UK. Rob Doty, chief financial officer, said the Houston company has more than $900 million in cash and existing credit agreements.
  • 12/06/2001 -- Finance/Companies news briefs, Dec. 6
    Sinochem ... Tipperary ... Slough Estates USA ... WG Group ... Conoco ... Schlumberger ... Nation Energy ... ATOKA Coal Labs ... TIPM Laboratory
  • 12/06/2001 -- US Coast Guard, offshore operators to meet Jan. 17 on security standards
    Representatives of the US Coast Guard and offshore operators will meet in New Orleans Jan. 17 to establish a commission to set minimum security standards for Gulf of Mexico oil facilities. He said the Coast Guard wants the offshore oil industry to take the lead on the security issue.
  • 12/06/2001 -- Cheniere acquires option for LNG terminal site at Sabine Pass, Tex.
    Cheniere Energy Inc. has acquired an option to buy a site near Sabine Pass, Tex., to build a liquefied natural gas receiving terminal.
  • 12/06/2001 -- BP PLC to sell offshore Malaysia gas producing assets
    BP PLC plans to sell its share of a major gas-producing block off Malaysia for about $500 million. It said its 25% interest in Block A-18 of the Malaysia-Thailand joint development area no longer fits its core strategy for the region.
  • 12/05/2001 -- Mirant boosts Asian presence with South Korea purchase
    Mirant Corp. Wednesday said it will purchase South Korea's Hyundai Energy Co. Ltd. (Henco) and build a 520 Mw combined cycle power plant in southern Korea, the company's second entry into a new Asian market in a week. A week ago, Mirant reported completing the acquisition of HEI Power Guam from HEI Power Corp., a unit of Hawaii Electric Industries Inc.
  • 12/05/2001 -- Sempra, Repsol JV sign memorandum for Bolivian LNG
    Utility holding company Sempra Energy and a joint venture led by Repsol-YPF SA agreed to begin negotiations for a 20-year supply of Bolivian liquefied natural gas to be delivered to northwestern Mexico and southern California.
  • 12/05/2001 -- Russia offers production cut olive branch to OPEC
    Russia Wednesday sent the world oil price up and averted the possibility of a damaging price war with the cartel by telling the Organization of Petroleum Exporting Countries that it will increase its proposed oil export output cuts to 150,000 b/d.
  • 12/04/2001 -- BG expands Bolivian gas processing plant
    BG Group PLC has concluded the expansion and revamping of its natural gas processing plant in La Vertiente, Bolivia.
  • 12/03/2001 -- Dynegy, Enron vie in court over Northern Natural Gas Pipeline
    Enron Corp. and Dynegy Inc. have gone to court over ownership of Enron's largest pipeline Northern Natural Gas, after Dynegy terminated a proposed merger deal between the two companies. Enron excluded the pipeline group from its bankruptcy protection filing Sunday in a New York federal court.
  • 12/03/2001 -- Dynegy, Enron in court over Northern Natural Gas Pipeline
    Enron Corp. and Dynegy Inc. have gone to court over ownership of Enron's largest pipeline Northern Natural Gas, after Dynegy terminated a proposed merger deal between the two Houston energy companies. As one of its core businesses, Enron excluded the pipeline group from its bankruptcy protection filing Sunday in a New York federal court.
  • 12/03/2001 -- Iran-Turkey gas pipeline to begin deliveries by yearend
    The Iran-Turkey gas pipeline will be operational by yearend, said Turkish Commercial Counselor Osman Bakaroglu, quoted by the Organization of Petroleum Exporting Countries' news agency. International inspectors were examining the line, a process that began in July, he said.
  • 12/03/2001 -- Petro-Canada to construct pipeline tunnel for Montreal refinery
    Petro-Canada said Monday it will build a tunnel for pipelines linking the storage area of its Montreal refinery with its Port of Montreal facilities.
  • 12/03/2001 -- Alaska panel says state should not invest in gas pipeline project
    An Alaska commission studying options for a proposed gas pipeline project has urged the state not to invest in the project. The 28-member Alaska Highway Natural Gas Policy Council issued its final report Nov. 30, after a year of hearings and discussions.
  • 12/03/2001 -- Year to end with $2.25 billion more investment in UK offshore
    The UK's energy minister expects to end 2001 by giving formal approval to offshore oil projects and capital spending worth more than $2.25 billion. He said 3 projects signed off in the last 2 weeks could secure more than 2,000 jobs in the industry.
  • 12/02/2001 -- Enron files for Chapter 11 bankruptcy reorganization
    One-time financial and energy giant Enron Corp. filed for Chapter 11 bankruptcy protection Sunday and sued former suitor Dynegy Inc. for $10 billion for alleged breach of contract for terminating a last-minute merger. As expected, Enron's lawsuit also asks the court to declare Dynegy is not entitled to exercise its option to acquire an Enron subsidiary that indirectly owns the Northern Natural Gas Pipeline.
  • 11/29/2001 -- San Antonio proposes limits on electricity overscheduling benefits
    City Public Service of San Antonio filed an emergency petition Wednesday with the Electric Reliability Council of Texas to limit the monetary benefit that wholesale players can gain by deliberately overscheduling electric load and generation. State regulators found a few wholesale market participants received more than $86 million during 15 days of August as a result of consistent overscheduling of load and generation across congested transmission lines.
  • 11/29/2001 -- NewPower claims 14 suppliers other than Enron
    National energy retailer New Power Co., a unit of NewPower Holdings Inc., Thursday said the company has sufficient cash and liquidity to do business at least through the second quarter of next year. NewPower, a 43%-owned affiliate of Enron Corp., said it has sufficient financial resources to satisfy its current credit agreement with Enron and can support all current utility and regulatory credit obligations.
  • 11/29/2001 -- FERC chairman says federal law not needed for Alaska gas line
    Pat Wood III, the US Federal Energy Regulatory Commission chairman, Thursday said federal legislation isn't needed to accelerate construction of a pipeline to deliver Alaskan gas to the Lower 48 states. He said an existing interagency task force would be able to speed the permitting process.
  • 11/29/2001 -- Caspian pipeline start-up significant for former Soviet republics
    The filling and start-up of oil shipments through the Caspian pipeline are significant events for a region that has at least tens of billions of barrels of oil and condensate. It also is a critical development for Hurricane Hydrocarbons Ltd. of Calgary, which has production in Kazakhstan.
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