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General Interest 2002 P7

  • 03/19/2002 -- Ladyfern sales pipeline brought on stream
    Calgary-based Canadian Natural Resources Ltd. has completed construction and commissioning of the 20-in., 7.5 mile Ladyfern Sales natural gas pipeline, which will transport gas from the Ladyfern region of British Columbia to TransCanada PipeLines Ltd.'s Owl Lake South meter station in Alberta. The pipeline, which came on stream Mar. 8, has the capacity to deliver 600 MMcfd of gas.
  • 03/26/2002 -- El Paso unit plans expansion for Bahamas-to-Florida pipeline
    El Paso Corp., Houston, said it plans to increase the capacity of its proposed Seafarer natural gas pipeline system to 1 bcfd from 800 MMcfd. The 163 mile, 26-in. system—formerly referred to as the Bahama Cay pipeline—will transport gas from the planned El Paso Global LNG terminal at Grand Bahama Island to West Palm Beach, Fla.
  • 03/01/2002 -- Marathon Oil announces Mexico LNG and power generation project
    Marathon Oil Co. and partners have announced plans for a proposed LNG regasification and power generation project near Tijuana in Baja California, Mexico. With a potential start-up in 2005, the complex would have the capacity to regasify up to 750 MMcfd of LNG.
  • 03/08/2002 -- Oil and gas markets are poised for 2003 rebound, say industry executives
    Increased demand for oil and natural gas should push up commodity prices in 2003 or maybe even sooner, said a panel of five industry executives at a semiannual oil field service industry outlook breakfast Friday in Houston.
  • 03/05/2002 -- Marathon Oil proposes major new North Sea gas pipeline
    Marathon Oil Co., Houston, is planning a new North Sea natural gas pipeline that will assure adequate supplies for the growing UK market for the next 20 years.
  • 03/12/2002 -- Forest Oil, Anschutz expect South Africa gas contract soon
    Forest Oil Corp. and Anschutz Corp. unit Anschutz International, Denver, will soon announce a contract to sell gas from Ibhubesi field in the Orange basin off South Africa, said John McIntyre, senior vice-president of international new ventures for Forest Oil.
  • 03/20/2002 -- Companies bid $363.2 million for central gulf leases, down from last year—a Mar. 26 update
    Apparent high bids totaling $363.2 million were offered for 506 offshore tracts at Lease Sale 182 for the central Gulf of Mexico, officials of the US Minerals Management Service reported Wednesday. That was down from $505.5 million in top bids for 547 tracts in that area last year.
  • 03/27/2002 -- Angola positioned to be second largest African oil producer
    Oil companies will spend $20 billion developing deep waters off Angola during the next 5 years, positioning the West Africa nation to become Africa's second largest oil producer. Oil production there "will overtake that of Libya by 2006," according to the Centre for Global Energy Studies.
  • 03/25/2002 -- Santos makes bids to acquire Esenjay, Orogen Minerals
    Santos Ltd., Adelaide, has entered into an agreement to acquire all the outstanding shares of Houston-based Esenjay Exploration Inc., while it ponders launching a competing bid to take over Sydney-based Orogen Minerals Ltd. Orogen is already in the process of completing a merger with Oil Search Ltd.
  • 03/13/2002 -- Chesapeake makes unsolicited offer for Canaan
    Chesapeake Energy Corp. has proposed to acquire Canaan Energy Corp. for $12/share, which values the deal at about $55 million and is a 31% premium over Canaan's Mar. 11 closing price, Chesapeake said. Chesapeake also will also assume about $42 million of Canaan's debt. Both companies are based in Oklahoma City.
  • 03/21/2002 -- Williams selling Williams Pipe Line to Williams Energy Partners LP
    Williams Cos. Inc., Tulsa, has agreed to sell its Williams Pipe Line Co. unit to affiliate Williams Energy Partners for at least $900 million as the parent continues selling its noncore assets in a previously announced company restructuring.
  • 03/05/2002 -- Oil found in Glen Rose reef, Maverick basin, Texas
    Saxet Energy Ltd., Houston, and The Exploration Co. (TXCO), San Antonio, experienced an unexpected oil flow in late February while drilling at about 6,500 ft at the Comanche 1-111 well in Maverick County, Tex. The well produced 5,300 bbl of light, 40° gravity oil in about 24 hr from a reef in the Cretaceous Glen Rose.
  • 03/05/2002 -- Murphy Oil confirms commerciality of oil find off Sarawak
    Murphy Sarawak Oil Co. Ltd., a unit of Murphy Oil Co., has confirmed commerciality of its shallow-water oil find off Sarawak, Malaysia, and found gas on an adjoining block.
  • 03/06/2002 -- ExxonMobil will continue successful operations, says chairman
    ExxonMobil Corp. Chairman Lee R. Raymond
  • 03/27/2002 -- ExxonMobil's concrete drilling structure moved from Alaska to Russian Far East
    Crowley Marine Services Inc., Seattle, has moved the 312 sq ft concrete island drilling structure Orlan from Prudhoe Bay, Alaska, to Sovietskaya Gavan in the Russian Far East for Sakhalin I Project operator, Exxon Neftegas Ltd. (ENL), a subsidiary of ExxonMobil Corp.
  • 02/19/2002 -- BP outlines oil field pipeline plans in deepwater Gulf of Mexico
    BP PLC outlined plans late Monday for the construction of three crude oil pipelines that will carry oil production from the firm's major discoveries in the deepwater Gulf of Mexico.
  • 02/08/2002 -- Transportation news briefs, Feb. 8
    Pluspetrol ... Canadian National Energy Board ... Westcoast Energy ... Port of Houston Authority ... PPS Holding ... Southern California Edison ... Williams ... Dalian New Shipyard Heavy Industry ... Iranian National Oil Tanker ... Cheniere Energy ... Technip USA ... and more
  • 02/18/2002 -- Kinder Morgan, Calpine pull plug on proposed Sonoran pipeline project
    Kinder Morgan Energy Partners LP and San Jose, Calif.-based independent power producer Calpine Corp. have pulled the plug on plans to jointly develop a 1,160 mile, $1.7 billion natural gas pipeline that would have transported gas to California from the San Juan basin in New Mexico.
  • 02/28/2002 -- PanCanadian-Quicksilver JV starts Canada's 'first significant' coalbed methane sales output
    PanCanadian Energy Corp., Calgary, and MGV Energy Inc., the Canadian unit of Fort Worth-based Quicksilver Resources Inc., said Wednesday that their coalbed methane joint venture last month started production into sales lines, marking the "first significant CBM sales production reported in Canada," the JV said.
  • 02/14/2002 -- Western senators seek new regulation for energy derivatives
    U.S. Sens. Dianne Feinstein (D-Calif.) and Maria Cantwell (D-Wash.) Thursday are introducing legislation to increase regulation of over-the-counter (OTC) energy derivatives. The legislation is the latest in a series of pending congressional proposals born from the Enron Corp. scandal.
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