Transportation 2001 P

11/28/2001 -- Energy firms distance themselves from Enron
Energy marketers and traders rushed to distance themselves from Enron Corp.'s problems Wednesday, as the nation's largest energy trader and fiercest proponent of deregulation teetered on the brink of collapse. Sempra, Mirant, El Paso, AEP, and Calpine reported trimming their exposure to the troubled Houston energy company.
11/28/2001 -- Feasibility study due next year for Trans-Sahara gas pipeline
Algerian officials will visit Nigeria in December to complete terms for a proposed $7.5 billion Trans-Saharan gas pipeline project.
11/28/2001 -- Analyst says weak Asian economy may drag down global oil demand
Asia is pivotal to global oil demand, and Asia's economy already was weak before the Sept. 11 terrorist attacks on the US, said Fereidun Fesharaki of the East-West Center. Even before Sept. 11, he said he realized that dropping oil prices were inevitable given low demand and an economic slowdown.
11/28/2001 -- US expected to support extension of Iraq oil-for-aid program
US officials Wednesday are expected to endorse a United Nations' Security Council proposal to maintain the Iraq oil-for-aid program for another 6 months. Sources said the US still wants changes in the program, but it may take several months to agree on an alternative.
11/27/2001 -- Market research firm predicts LNG market to double over 10 years
Market research firm Emerging Markets Online, Houston, predicts the market for liquefied natural gas will double over the next 10 years. Change in the market is leading to uncertainty and opportunity, EMO said.
11/27/2001 -- Report: Texas electricity wholesalers profited from congestion
Certain Texas wholesale electricity market participants have made money by 'consistently' overscheduling load and generation across known transmission constraints, state regulators concluded. Three of six scheduling coordinators received 91% of imbalance payments during a 15-day period in August, a report said.
11/26/2001 -- Analyst says oil tanker market to slump in 2002, gas carriers' prospects brighter
Slumping world economies and increased deliveries of new oil tankers during second half 2001 threaten healthy tanker profit margins for early 2002. The prospects for gas carriers, however, especially those carrying LNG, appear somewhat brighter as 2001 draws to a close.
11/26/2001 -- Sinopec to build two gas pipelines in eastern China by 2005
China Petroleum & Chemical Corp. plans to build two natural gas pipelines in eastern China's Shandong province by 2005. The two pipelines will cost a combined 1 billion yuan ($120 million) and will be able to move 4 billion cu m/year of gas.
11/26/2001 -- Marseille unions end strike that restricted refinery inputs
A threat to product deliveries throughout Europe has been lifted following the settlement of a 12-day strike in Marseille, France, which has the Mediterranean's biggest concentration of oil refineries and petrochemical plants.
11/26/2001 -- Enbridge buying 25% interest in Spanish transportation assets
Enbridge Inc. is buying 25% of Compania Logistica de Hidrocarburos CLH SA, Spain's largest products transportation and storage business, for $530 million (Can.).
11/21/2001 -- Enron woes may mean tougher US scrutiny for future energy mergers
Policymakers may take a longer look at energy mergers in light of growing stockholder concerns over Enron Corp.'s accounting methods, US officials and financial analysts said Wednesday.
11/21/2001 -- TotalFinaElf begins production from Nuggets field area in UK North Sea
TotalFinaElf SA has begun producing the first of the four Nuggets accumulations on Block 30/19 in the UK North Sea. They will be produced through Alwyn North field.
11/21/2001 -- Statoil-led group to establish western European gas marketplace
A joint venture led by Statoil ASA intends to establish a western European gas marketplace to meet demand for shorter, smaller gas contracts.
11/20/2001 -- Texas electricity retailers want higher prices in Reliant's territory
Texas competitive retailers Tuesday said the price of electricity must be higher than what was previously agreed to in Reliant Energy's service territory so they can undercut it and compete. Retailers, represented by the Alliance for Retail Markets, convinced the Public Utilities Commission of Texas to set a Dec. 3 hearing to reconsider a settlement for the price-to-beat fuel factor.
11/20/2001 -- Transportation news briefs, Nov. 20
Sonsub ... TotalFinaElf E&P USA ... Kaska First Nation ... Foothills Pipe Line ... Offshore Oil Yangjiang Investment Enterprise ... Duke Energy
11/20/2001 -- Five industry groups urge US Congress to pass pipeline safety bill
The leaders of five industry trade associations Tuesday urged THE us Congress to quickly pass a bill to promote the safety of more than 2 million miles of oil and gas pipelines. In a letter to US Transportation Sec. Norman Mineta, pipeline industry officials said Congress and DOT should work together closely.
11/20/2001 -- Russian official says deal possible with OPEC on oil production cuts
Russia's deputy premier has given a clear indication that his country and other oil producers who are not members of the Organization of Petroleum Exporting Countries will reach a production agreement with the cartel in the next few days.
11/20/2001 -- China's CNOOC Ltd. plans to take stake in Australian LNG project
Australia's North West Shelf LNG project partners have signed an agreement under which China will eventually take a stake in the project and LNG will be exported to China for the first time.
11/19/2001 -- Financial analysts call Conoco-Phillips merger a survival maneuver
Financial analysts Monday generally approved the proposed stock-swap merger of Houston-based Conoco Inc. with Phillips Petroleum Co., Bartlesville, Okla., although one described it as a maneuver "to survive, not thrive" in the current downturn.
11/19/2001 -- Guernsey & Co. says gas storage withdrawals starting later than usual
Not only is the level of US gas in storage higher than usual, but also the withdrawal for the heating season is starting much later than usual, said engineering, architectural, and consulting services group Guernsey & Co.

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