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Transportation 2001 P4

  • 01/29/2001 -- Transportation news briefs, Jan. 29
    Islander East Pipeline � Global Industries Offshore � BP � US Environmental Protection Agency � National Energy Board � Murphy Canada Exploration � Fort Union Gas Gathering
  • 01/30/2001 -- Duke Energy mulling Australian gas line
    US utility Duke Energy Corp. is planning to build a $250 million (Aus.) natural gas pipeline between western Victoria and South Australia. Duke is seeking markets in South Australia. It is also considering constructing a gas-fired power plant in Adelaide to take some of the supply.
  • 01/30/2001 -- Iraq-Syria pipeline to be replaced
    Iraq and Syria plan to build a 1.4 million b/d oil pipeline to replace an old corroded one, a senior Iraqi official said last weekend. The pipeline, which is at least 20 years old, has leakage and corrosion problems. Its capacity was unclear but it recently was transporting 200,000 b/d.
  • 01/30/2001 -- Williams to reopen Cove Point LNG terminal
    Williams Tuesday applied to the Federal Energy Regulatory Commission to reactivate liquefied natural gas (LNG) import services at its Cove Point terminal in Lusby, Md. It plans to build a fifth storage tank capable of holding 850,000 bbl of LNG and a btu reduction system.
  • 01/31/2001 -- General Interest news briefs, Jan. 31
    US Minerals Management Service � Petroleum Services Association of Canada � Alaska Tanker Co. � Nova Scotia's Petroleum Directorate � Mazars et Gu�rd � TotalFinaElf � Thailand � US Environmental Protection Agency
  • 01/31/2001 -- Shell acquires 18% holding in Egyptian transport, marketing company
    Shell International Gas Ltd. has finalized an agreement with Egypt Kuwait Holding Co. to transfer 18% of NATGAS Inc. shares from EK Holding to Shell Gas BV. NATGAS holds a 20-year concession to build and operate a gas transportation and distribution network and market gas to customers in several areas.
  • 01/31/2001 -- TotalFinaElf size increases; returns higher
    Presenting preliminary 2000 results at the first full meeting of the merged TotalFinaElf SA, Chairman and CEO Thierry Desmarest said the group was now half the size of the leading majors instead of one-third as previously. Compared to 1999, pro forma 2000 consolidated sales were up 55% to 116 billion euros, operating income was up 135% to 14.9 billion euros, and net income was up 127% to 7.6 billion euros.
  • 02/01/2001 -- Horizon Offshore, Cal Dive mull pipelay joint venture
    Horizon Offshore Inc. and Cal Dive International Inc. have signed a letter of intent to form a joint venture to conduct reeled pipelaying projects in the deepwater Gulf of Mexico. Once the deal is completed, they will fund pipelaying equipment to be installed on Cal Dive's Sea Sorceress pipelaying vessel, under conversion.
  • 02/02/2001 -- Governors stop short of endorsing regional power price cap
    Meeting in Portland, Ore., governors from 10 western states stopped short of endorsing regional price caps at an energy summit Friday, even though governors from the Northwest and California argued for such a measure. US Energy Sec. Spencer Abraham said he had 'grave concerns' about the Federal Energy Regulatory Commission instituting caps.
  • 02/05/2001 -- Issues & Analysis: AEP grabs major slice of Gulf Coast energy markets
    Dwayne Hart, vice-president of American Electric Power's energy services unit, says it is becoming a major player in the growing Texas and Louisiana markets for wholesale gas and electric power.
  • 02/05/2001 -- Consort Resources buys North Sea interests
    Consort Resources Ltd. has agreed to buy interests in several fields in the North Sea from TXU Corp.'s European arm for �138 million ($201 million). The interests include 64.2% in and operatorship of Johnston gas field, 14.75% of Ravenspurn North gas field, 11.24% of Welland field, 4.83% of Schooner field, and 30% of the Eagles/ETS pipeline system.
  • 02/05/2001 -- Alaska task force to hold gas line hearings
    Alaska Gov. Tony Knowles has named a 28-person task force to consider construction of a gas pipeline from Prudhoe Bay field to the Lower 48 states via the Alaska Highway route. The Governor's Alaska Highway Natural Gas Policy Council includes former and current state and municipal officials, civic leaders, and business leaders.
  • 02/05/2001 -- Electric Power news briefs, February 5
    TransAlta Corp. ... Foster Wheeler Corp. ... Metsa-Serla Aanekoski ... Aaneseudun Energia Oy ... Tennessee Gas Pipeline Co. ... Williams ... Florida Power & Light Co. ... Great River Energy ... WPD Holdings UK ... and Hyder PLC ... BayCorp Holdings Ltd. ... TransCanada PipeLines Ltd. ... Consort Resources Ltd. ... TXU Corp. ... InterGen ... Hyder PLC ... Mirant Corp. ... AES Corp. ... Duke Energy Corp. ... Williams ... Gulfstream Natural Gas System LLC ... Green Mountain Energy Co.
  • 02/06/2001 -- Indian firm eyes Iran's share in LNG venture
    The Gas Authority of India Ltd. is negotiating with National Iran Oil Co. for the latter's interest in a liquefied natural gas (LNG) venture. Several other international oil and gas companies were talking to NOIC, plus Reliance Petroleum Ltd. of India, and may take part of NOIC's interest.
  • 02/06/2001 -- North Sea deep freeze hits production
    Extreme winter weather conditions across the UK and Norwegian sectors of the North Sea have disrupted production, forcing Norsk Hydro, Statoil, Shell Exploration & Production, Norske Shell, and other operators to reduce or shut in flows from platforms.
  • 02/06/2001 -- Study says European gas market affects UK prices
    European natural gas prices are the most important factor influencing British prices and were indirectly responsible for a price spike last summer, said consultant ILEX PLC. It said UK gas market dynamics have 'changed significantly' since the UK-continental Interconnector gas pipeline opened in 1998.
  • 02/06/2001 -- Transportation news briefs, Feb. 6
    Enterprise Products Partners � Equistar Chemicals � CMS Oil & Gas (Congo) � Global Offshore International � National Iranian Oil � Tennessee Gas Pipeline � Italy's Enichem � Technip � Duke Energy
  • 02/06/2001 -- Government forecasters predict drop in power demand
    With the economy slowing, US electricity demand is expected to grow 2.3% this year and next, compared to a 3.6% growth rate in 2000, federal government forecasters predict. Colder weather this winter is expected to drive total electricity demand, including industrial production, up 4.5% over last winter's level, boosted by the residential and commercial sectors, which are expected to be up 6.8% and 3.7%, respectively.
  • 02/07/2001 -- With gas supply halted, Pacific Gas & Electric warns of 'serious' shortage
    With expiration of a federal order mandating gas sales to Pacific Gas & Electric, at least two suppliers have discontinued deliveries to the financially strapped California utility, which warned of a 'very serious gas shortage.' A spokesman for Western Gas Resources said the gas supplier halted deliveries to the California utility and filed suit seeking payment for January deliveries. Market sources said, and Pacific Gas confirmed J. Aron & Co. also is no longer delivering gas to the utility.
  • 02/07/2001 -- Olympic to restart Washington state line
    Olympic Pipe Line Co. will begin 'as soon as possible, probably tomorrow' the phased restart of the northern 37-mile section of its 16-in. petroleum products pipeline in Washington State, a company spokesman said Wednesday.
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