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Transportation 2001 P6

  • 02/22/2001 -- Czech Republic joins IEA
    The Czech Republic Thursday became a full member of the International Energy Agency, bringing the Paris-based energy watchdog's membership to 25. "The Czechs have worked hard to reduce their former exclusive dependence on Russian oil and gas supplies," said IEA Executive Director Robert Priddle. "Czech membership enlarges and will strengthen the Agency."
  • 02/23/2001 -- Illinois needs more competition, top state regulator says
    In a downbeat analysis of the Illinois power market, the chairman of the Illinois Commerce Commission warns without more supply alternatives consumers will be subject to prices charged by companies with 'very substantial market power.' To date, says Richard L. Mathias, most observers agree little competition has developed in the state outside Chicago-based Commonwealth Edison Co.'s (ComEd) service territory, and some are unwilling to conclude competition exists in ComEd's territory.
  • 02/23/2001 -- Phillips acquires larger share of Greater Sunrise project off Australia
    Phillips Petroleum Co., through two subsidiaries, has agreed to acquire an additional stake in the $2.5 billion (Aus.) ($1.4 billion (US) Greater Sunrise development in Australia's Bonaparte basin from Woodside Petroleum Ltd. Phillips will acquire 16.39% of the Greater Sunrise fields�Sunrise, Sunset, and Troubadour, in Australia's Bonaparte basin�and will pay Woodside $176 million (Aus.) to cover its capital costs.
  • 02/23/2001 -- Murkowski bill proposes series of electricity industry reforms
    Sen. Frank Murkowski (R-Alas.), the Energy and Natural Resources Committee chairman, plans to introduce legislation Monday to reduce imported US oil dependency from the current 56% to less than 50% by 2011. It also proposed numerous provisions affecting the US electric power industry.
  • 02/23/2001 -- Sen. Murkowski to file omnibus energy policy bill on Monday
    Sen. Frank Murkowski (R-Alas.), the Energy and Natural Resources Committee chairman, plans to introduce legislation Monday intended to reduce US oil import dependency to less than 50% by 2011 from the current 56%. The legislation is expected to influence the energy policy program that President George W. Bush's administration is preparing. Vice-President Dick Cheney is heading a cabinet task force drafting that plan.
  • 02/26/2001 -- Executive Q&A: Russell Kane, president of CorrosionSource.com
    Russell Kane, president of CorrosionSource.com, says about 40% of the oil and gas industry's corrosion costs could be avoided if projects were designed to incorporate better prevention methods.
  • 02/26/2001 -- Enterprise to develop Corrib gas field off Ireland
    Enterprise Oil PLC said Monday its partners had approved its 500 million Irish pound subsea development of Corrib gas field. The field will be developed by 2003 via seven subsea wells tied back to a central gathering manifold. A pipeline will move the gas to an onshore facility.
  • 02/26/2001 -- Idaho Power seeks 32% rate hike; California bills in arrears
    Idaho Power Co. asked state regulators to approve a 32% emergency energy charge to cover unprecedented wholesale power costs, the first of two anticipated within the next 6 months. The utility is also owed $48.6 million in unpaid bills from the California Power Exchange and the California grid operator. Idaho Power has run up a $160 million bill for purchased power costs since last April that were not included in rates.
  • 02/26/2001 -- Electric Power news briefs, Feb. 26
    Mobile Gas ... UtiliCorp United Inc. ... Aquila Inc. ... Invensys PLC ... Manufacturers Association of New York City .. AES NewEnergy Inc. ... Capstone Turbine Corp. ... Advantica Technologies Ltd. ... Endesa SA ... Repsol-YPF ... Electricite de France ... Edenor ... Schlumberger Resource Management Services Inc. ... AGL Capital Corp. ... Niagara Mohawk Power Corp. ... Philadelphia Gas Works ... NSTAR
  • 02/27/2001 -- Ingaa chairman cites need for more gas pipelines
    Stanley Horton, Interstate Natural Gas Association of America chairman, Tuesday said regulators should work with pipelines to ensure capacity is built to serve growing demand in some parts of the nation. He said new pipelines continue to meet in California and the Northeast, both of which have looming capacity shortages.
  • 02/27/2001 -- National Governors Association supports Alaskan gas pipeline
    The National Governors Association, meeting in Washington, DC, Tuesday approved a resolution supporting construction of a gas pipeline from Prudhoe Bay field along the route of the Trans-Alaska Pipeline System and the Alaska Highway. Alaska Gov. Tony Knowles sponsored the resolution.
  • 02/28/2001 -- BG Group to sell share of Phoenix Natural Gas to East Surrey Holdings
    East Surrey Energy Investments Ltd., a subsidiary of East Surrey Holdings PLC, agreed to buy 24.5% of Phoenix Natural Gas Ltd., the Northern Ireland natural gas distribution company, from BG Energy Holdings Ltd., a subsidiary of BG Group PLC. The stock exchange deal is worth �50 million.
  • 02/28/2001 -- AltaGas to expand three gas gathering, processing systems
    AltaGas Services Inc., Calgary, will spend $10.4 million (Can.) to expand three of its natural gas gathering and processing systems in western Canada. The company is also building an 11-mile pipeline to connect 3 MMcfd of gas southeast of Alsask, Sask.,
  • 02/28/2001 -- Most Washington refiners report no earthquake damage
    Most Washington refiners reported no disruptions or apparent damage following an earthquake that swayed Seattle skyscrapers and collapsed the walls of some smaller buildings in that city late Wednesday.
  • 03/01/2001 -- TotalFinaElf to develop Nuggets fields in the UK North Sea
    TotalFinaElf said Thursday the UK government has approved its development of the Nuggets N2 and N3 gas fields 20 km south of Alwyn satellite field Dunbar in the North Sea. The Nuggets N1 development plan was approved in July 2000. The fourth Nugget field, N4, is expected to be developed later.
  • 03/01/2001 -- BP to proceed with gas field development off Viet Nam
    Operator BP said it will proceed with the $1.3 billion Nam Con Son gas development project off Viet Nam. Development partner ONGC Videsh Ltd. received approval to make its share of the investment last year (OGJ Online, July 6, 2000). The fields were discovered in 1992-1993.
  • 03/02/2001 -- Olympic products pipeline system restarted in Washington
    Olympic Pipe Line Co. has restarted its refined products pipeline in Washington state after completing comprehensive safety and integrity inspections of the entire 400-mile system. The pipeline was shut down by Wednesday�s earthquake.
  • 03/05/2001 -- Electric Power news briefs, Mar. 5
    Transwestern Pipeline ... Enron ... Wisconsin Energy ... Texas Electric Choice ... TotalFinaElf ... Gener ... AES Corp. ... Progress Energy ... Williams ... South Carolina Electric & Gas Co. ... SCANA ... Planalytics ... Exelon Capital Partners ... Meridian Venture Partners ... TL Ventures ... Wynnefield Capital Advisors ... NUI Corp. ... BC Hydro ... Willbros Engineers Inc. ... Panda Energy International ... TECO Energy ... DCH Technology ... Skeljungur Ltd. ... UGI Corp. ... Elf Antargaz
  • 03/06/2001 -- Talisman selects Asco to provide marine services
    Talisman Energy UK Ltd. has selected UK logistics provider Asco PLC to provide marine and quayside services to support its North Sea assets for 5 years. The "multimillion pound" contract will double the annual cargo tonnage Asco handles for Talisman at its Peterhead Bay supply base, said Asco.
  • 03/06/2001 -- PJM projects 2001 summer demand to slow from 2000
    Summer demand in the Pennsylvania-New Jersey-Maryland (PJM) region in 2000 jumped 3.6% from the previous year, but the grid operator is projecting growth to slow this year to just 1.1%. Summer 2001 demand is projected to peak at 52,930 Mw, an increase of 580 Mw over 2000's peak of 52,350 Mw, PJM Interconnection LLC said in its 2001 load report. But it is unclear how well prepared PJM is to meet this summer's electricity demand in the region.

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