Transportation 2001 P

10/29/2001 -- Statoil says gas earnings offset loss in oil revenues for quarter
Norway's Statoil AS said a reduction of 16 % in oil prices and weaker downstream earnings were offset by a 57 % increase in gas sales, higher gas prices, and other financial gains.
10/26/2001 -- CMS Energy to sell Equatorial Guinea fields, methanol plant
CMS Energy Corp. said Friday it has changed its business strategy and will sell its interests in its Equatorial Guinea oil and gas fields and methanol plant.
10/26/2001 -- Market watch: Indecisive traders take down energy futures prices
Energy futures prices fell Thursday on international markets, countering Wednesday's small rally, with indecisive traders apparently beginning another seesaw pattern of daily price swings.
10/26/2001 -- Chinese pipeline talks
The vast Chinese energy market is about to move to the center stage of world oil industry activity, and senior oil company executives are likely to be spending the coming months signing contracts running into billions of dollars.
10/25/2001 -- Enbridge plans purchase of East Texas gathering systems
Enbridge Energy Partners LP agreed to buy natural gas gathering, treating, processing, and transmission assets in East Texas from Koch Midstream Services Co. LLC for $230.5 million.
10/25/2001 -- Pacific Gas & Electric begins Redwood Path expansion project
Pacific Gas & Electric Co. has begun a gas pipeline expansion project in Northern California.
10/25/2001 -- Williams to build Colorado, Kansas, Oklahoma gas pipeline
Western Frontier Pipeline LLC, a unit of Williams Cos. Inc., Tulsa, has applied to the US Federal Energy Regulatory Commission to build a natural gas pipeline from Colorado to Oklahoma.
10/25/2001 -- Trans-Elect to buy Consumers Energy's transmission assets
In a US first, independent transmission company Trans-Elect Inc. will purchase the transmission assets of Consumers Energy, a unit of CMS Energy Corp., for $290 million, CMS reported Thursday. Earlier this year, Trans-Elect, Washington, DC, participated in a consortium to buy the transmission assets of Canada's TransAlta Corp.
10/23/2001 -- States report utilities boosting security in terrorism response
States are becoming more security conscious in the aftermath of the terrorist attacks in New York and Washington and reports of attempts to breach electric utility computer systems. The North American Electric Reliability Council said past incidents of alleged sabotage included an improper mix of pellets in fuels fabricated for commercial nuclear plants.
10/23/2001 -- OPEC head says to fight recession, cut energy taxes, not oil prices
A cut in petroleum taxes is a better short-term cure for the looming global recession than a cut in crude oil prices, the president of the Organization of Petroleum Exporting Countries told the World Energy Congress in Buenos Aires Tuesday morning.
10/23/2001 -- AEP tempers earnings outlook with warning on economy
Utility holding company American Electric Power Co. Inc. Tuesday said wholesale operations helped boost third quarter earnings 13% to $1.43/share from year ago results. The stock fell after the company warned a weaker economy could make it more difficult to achieve the upper range of estimated earnings this year and next.
10/23/2001 -- CNOOC, Fujian province to invest in gas market development
China National Offshore Oil Corp. and China's Fujian province made a joint investment commitment for gas market development in the province. Both parties intend to increase gas supply from all viable sources.
10/22/2001 -- Buckeye Pipe Line buys stake in Illinois-Wisconsin products system
Buckeye Pipe Line Co., the general partner of Buckeye Partners LP, Radnor, Pa., agreed to purchase an 18.52% stake in West Shore Pipeline Line Co. from TransMontaigne Pipeline Inc. for $23.1 million. Buckeye's purchase of 6,805 shares is expected to close before the end of the month.
10/22/2001 -- Congress scheduled to take up several energy issues this week
The US Senate and House of Representatives this week will tackle energy issues following a brief hiatus spurred by bioterrorism concerns that shut down most of Capitol Hill last week. Lawmakers have fallen even further behind schedule due to security concerns.
10/22/2001 -- Transmission congestion cost rising in New England
Transmission congestion in New England could cost $125 -$600 million/year the result of export and import constraints within the region, ISO New England said. The grid operator completed its regional transmission plan for 2002-2006 Friday, which examines congestion and its impact on system reliability and cost to consumers.
10/22/2001 -- Conoco says third quarter net income down by half from a year ago
Conoco Inc. said lower prices for crude and North American natural gas contributed to sharply reduced earnings for the third quarter, down by almost half from the same period in 2000.
10/22/2001 -- Seven UK North Sea 'fallow fields' considered for development
UK Energy Minister Brian Wilson said his department is considering seven new development projects under the "fallow fields program. "
10/19/2001 -- DOE maps out $300 million deal to upgrade Path 15 in California
The Department of Energy said yesterday that Pacific Gas & Electric Co., other private energy companies, and the federal agency Western Area Power Administration (WAPA) have agreed to a $300 million deal to upgrade transmission facilities in California known as Path 15.
10/19/2001 -- European gas firms complain about implementation of gas decontrol
European companies complained this week at the Gas Executive Summit about the pace and direction of the European Union's gas market decontrol effort. They said the EU was not following the law and was restraining full deregulation in the short term.
10/19/2001 -- Damaged naphtha tanker poses threat in Brazilian harbor
Naphtha leaking from a damaged Petroleo Brasileiro SA (Petrobras) tanker in Paranagua Bay could still cause an explosion, the company said. The 18,000 dwt Norman grounded Thursday after hitting a rock. The naphtha leak has been plugged.

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Transportation 2001 P