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Transportation 2001 P

  • 11/16/2001 -- Electric Power news briefs, Nov. 16
    Public Service Co. of New Mexico ... New Jersey Natural Gas Co. ... PPL Susquehanna ... Massachusetts Electric Co. ... United Illuminating Co. ... Peabody Energy Corp.
  • 11/16/2001 -- Zero tolerance
    Earlier this month the US State Department lost patience with Venezuela, one of the US' top three sources of imported oil.
  • 11/16/2001 -- California dimming
    The dimming of the lights in California earlier this year has provided a salutary lesson for European lawmakers now contemplating how to introduce legislation to guarantee security of energy supplies, while at the same time liberalizing the market. They know they have this one chance of getting it right.
  • 11/15/2001 -- Industry groups deny power generation relies too much on gas
    Three key natural gas associations Thursday refuted claims the US is becoming too dependent on natural gas as a fuel to generate electricity. The Natural Gas Supply Association, the Interstate Natural Gas Association of America, and the American Gas Association sent the rebuttal to a Senate committee.
  • 11/15/2001 -- BG Group PLC's operating profits rose 20% in third quarter
    BG Group PLC has announced its third quarter results for 2001, maintaining a strong performance for the year with substantial growth in profits and earnings.
  • 11/15/2001 -- US industry groups deny power generation relies too much on gas
    Three key natural gas associations Thursday refuted claims that the US is becoming too dependent on natural gas to generate electricity. The Natural Gas Supply Association, the Interstate Natural Gas Association of America, and the American Gas Association sent the rebuttal to a Senate committee.
  • 11/15/2001 -- US Coast Guard mulling rule for spill monitoring devices on tankers
    The US Coast Guard is reviewing comments on a proposed rule that would require devices that monitor tank pressures or cargo levels to be installed on single-hulled tankers.
  • 11/14/2001 -- API says slide in petroleum product demand continued in October
    For the third consecutive month, US deliveries of major petroleum products declined in October. The American Petroleum Institute reported Wednesday that deliveries, a key measure of consumer demand, declined by 1.7% compared to a year ago.
  • 11/14/2001 -- PetroChina signs take-or-pay contracts for proposed gas line
    Wuhan municipality in Beijing has signed a take-or-pay contract with PetroChina Co. Ltd. for gas from a proposed 5 billion yuan ($600 million) gas pipeline. The 760-km, 711-mm pipeline will begin at Zhong Xian, Chongqing, and end at Wuhan, Hubei.
  • 11/13/2001 -- Kaneb to acquire Netherlands Antilles terminals group Statia
    Kaneb Pipe Line Partners LP, Wichita, Kan., agreed to acquire substantially all of the assets of Statia Terminals Group NV for $307 million, including estimated cash in hand and $107 million in debt.
  • 11/13/2001 -- FERC reviewing price caps in West
    Federal regulators are reviewing the cap on electricity prices in the West and are expected to issue an order to either replace or confirm the cap before December. The California Independent System Operator wants the regulators to continue price caps on generation in the West, generators want the caps removed, and Pacific Northwest elected officials want FERC to create price caps specific to the region.
  • 11/12/2001 -- Poten & Partners predicts OPEC cut, expects further depressed VLCC rates
    Poten & Partners, an oil tanker and liquefied gas carrier broker and consultant, said that the Organization of Petroleum Exporting Countries' proposed output quota cut does not bode well for already low very large crude carrier rates.
  • 11/12/2001 -- Sonangol, TotalFinaElf sign deal to develop Angola's gas reserves
    Implementing a 2-month-old decision, the Angolan government Monday signed a protocol aimed at developing gas reserves estimated at 4 tcf.
  • 11/09/2001 -- Two ministers
    Norway's new oil minister and his UK counterpart recently shared a platform in London to outline their views on how the North Sea oil and gas industry will develop.
  • 11/08/2001 -- Paris judge indicts TotalFinaElf in connection with 1999 Erika spill
    Parisian Judge Dominique de Talancé on Wednesday indicted TotalFinaElf SA in connection with the Erika heavy fuel oil spill in December 1999. TotalFinaElf has denied all charges.
  • 11/07/2001 -- FERC instructs California ISO to pay suppliers
    The Federal Energy Regulatory Commission Wednesday ordered the California Independent System Operator to enforce its tariffs and start paying for energy it buys from independent generators and dispatches in the real-time market. The ISO was given 3 months to submit a schedule for payment.
  • 11/07/2001 -- US expected to delay Iraq oil-for-aid reform plan proposal
    US efforts to retool the United Nations' oil-for-aid program are being put on hold for at least 6 months, industry and US government sources said. The US plan would have relaxed some economic embargos against Iraq if Saddam Hussein allowed the UN to perform more vigorous weapons inspections and restrict military equipment.
  • 11/07/2001 -- Philippines to import Indonesian LNG as Malampaya competitor
    GNPower, a private power generator based in Manila, has signed a letter of intent to buy LNG from the Tangguh joint LNG project held by Pertamina and BP PLC unit BP Indonesia. The Indonesian project will supplement gas from the Shell-operated Malampaya gas project recently brought on stream off the Philippines.
  • 11/06/2001 -- Three firms seek equity stake in Petronet's Dahej LNG terminal
    Global Infrastructure Co. of Singapore, American Insurance Group, State Bank of India, and the Industrial Development Finance Corp. have all expressed interest in an equity stake in Petronet LNG's 25 billion rupee ($520 million) liquefied natural gas import terminal at Dahej in Gujarat, western India.
  • 11/06/2001 -- DOE official predicts streamlined North American energy trade
    Recent terrorist attacks underscore the need for integration of North American energy markets, said Vicky Bailey, a US assistant Energy Secretary. She told a Ziff Energy Group conference that open and smoothly functioning markets are essential in the face of the uncertainties of the war against terrorism.

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