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Transportation 2001 P

  • 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.
  • 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 -- 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 -- 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 -- 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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