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Transportation 2002 P6

  • 04/18/2002 -- First week of net storage injection shows slightly tightening US gas market
    The latest natural gas storage injection data suggest a slightly tightening market despite a storage overhang left over from the heating season during what is normally a seasonally slack period. However, analysts still point to the likelihood of near-term downward pressure on gas prices.
  • 04/05/2002 -- Thai-Malay line faces environmental probe, further delays
    Start of construction of the Thai-Malay natural gas pipeline will likely be delayed yet again, following a request by the Thai government to set in motion another environmental assessment of the project.
  • 04/05/2002 -- Matters of trust
    A huge challenge for multinational oil companies is the widespread perception that they cannot be trusted.
  • 03/28/2002 -- Alaska's role in US energy policy to dominate Congressional agenda
    The public policy spotlight will be on petroleum-rich federal lands in Alaska this spring as Congress decides whether the time is right to open the Arctic National Wildlife Refuge coastal plain to leasing. Sen. Jeff Bingaman (D-NM) Mar. 27 asked Interior to release preliminary results of a US Geological Survey assessment of estimated oil and gas resources in the National Petroleum Reserve-Alaska (NPR-A).
  • 03/22/2002 -- Market watch: Signs of improving economy boost energy futures prices
    Declining US petroleum inventories, indicating a more rapid economic recovery than originally expected, helped boost energy futures prices in international markets Thursday. The May contract for benchmark US light, sweet crudes gained 66¢ to $25.61/bbl on the New York Mercantile Exchange.
  • 03/21/2002 -- Environmental approval may be imminent for Peru pipeline system
    At least conditional approval of an environmental impact assessment may be imminent for the proposed Camisea natural gas and liquids transport and distribution pipelines in Peru, said a ranking government official.
  • 03/19/2002 -- TotalFinaElf signs exploration and production sharing agreement with Oman
    The Oman Ministry of Petroleum granted TotalFinaElf SA an exploration and production sharing agreement in which TotalFinaElf will take 100% interest and become the operator of Block 34. The block is in southeastern Oman and covers 11,500 sq km.
  • 03/19/2002 -- Canada's NEB receives PanCanadian's application to build the Deep Panuke natural gas pipeline
    PanCanadian Energy Corp., Calgary, has submitted to Canada's National Energy Board an application to build its Deep Panuke natural gas pipeline off Nova Scotia. The field, about 250 km east of Halifax, NS, on the Scotian shelf, is estimated to hold 1 tcf of gas.
  • 03/12/2002 -- Statoil assesses technology for record-long umbilical at Snøhvit; Storting greenlights project
    Statoil ASA has started work to qualify technology for the record-long umbilical that will connect its Snøhvit development in the Barents Sea with land facilities in northern Norway. The announcement came a few days after Norway's Storting approved the project, which involves the first Barents Sea field development and Europe's first LNG export project.
  • 03/11/2002 -- Danish shipping company pays criminal fine for oil tanker leak
    US and state law enforcement officials Mar. 8 announced that a US district court in Baltimore ordered the Danish shipping Company D/S Progress to pay a $250,000 criminal fine for conspiring to conceal a hazardous leak in the hull of an oil tanker that visited Baltimore in March 2000.
  • 03/08/2002 -- BHP Billiton, partners' appraisal well off Trinidad yields strong oil flow rate
    BHP Billiton Ltd. and partners gauged a hefty flow rate in their appraisal well in shallow waters off eastern Trinidad, demonstrating greater hydrocarbon potential in Angostura field, partner Talisman Energy Inc., Calgary, reported.
  • 03/05/2002 -- Pakistan, Afghanistan to revive cooperation organization to develop transportation infrastructure
    Pakistan and Afghanistan have agreed to revive the Economic Cooperation Organization (ECO) to develop oil and gas pipelines, roads, railroads, and electricity export links to markets in the former Soviet Union's central Asian republics. ECO was founded in 1985 and later expanded, but it has yet to undertake any major regional projects.
  • 03/04/2002 -- Senate leaders optimistic as energy bill revisions begin: an update
    Prospects are good that the Democratic-controlled Senate will pass comprehensive US energy legislation early this year, but there are no guarantees a divided Congress will agree on final legislation, a key Senate lawmaker told reporters and financial analysts Monday.
  • 02/26/2002 -- GAIL, HPCL sign deal for gas supply in India's Andhra Pradesh
    Gas Authority of India Ltd. (GAIL) and Hindustan Petroleum Corp Ltd. (HPCL) signed a memorandum of understanding to establish a joint venture company -- tentatively called Bhagyanagar Gas Ltd. (BGL) -- for the distribution of natural gas, LPG, and other gas liquids in Andhra Pradesh state, India.
  • 02/25/2002 -- GDF orders world's first diesel-electric LNG carrier
    Gaz de France (GdF) has signed a contract with French shipbuilder Chantiers de l'Atlantique for the construction of a 74,000 cu m LNG carrier, GdF reported. The vessel is said to be the world's first diesel-electric LNG carrier.
  • 02/25/2002 -- Study shows target market's projected gas demand exceeds Patriot pipeline extension project capacity
    Demand for future incremental natural gas supplies and transportation needs in the targeted market exceed the amount of capacity that would be provided by the proposed Patriot natural gas pipeline extension project, according to a study commissioned by a unit of Duke Energy Corp.
  • 02/21/2002 -- Guardian partnership inks pipeline construction contract
    Guardian Pipeline signed a deal with Dallas-based construction firm H.C. Price Co. for the construction of a 142 mile, 36-in. system that will carry as much as 750 MMcfd of natural gas from the Chicago hub near Joliet, Ill., to Ixonia, Wis.
  • 02/20/2002 -- Statoil reports improved safety record in 2001
    Fewer workers were involved in accidents during Statoil ASA's operations during 2001, according to company statistics. However, two workers employed by a sub-contractor, Navion ASA, were involved in fatal accidents.
  • 02/20/2002 -- Subsea lines laid for Blue Stream natural gas pipeline
    Blue Stream Pipeline Co. BV -- a 50-50 joint venture of Italy's ENI SPA and Russia's OAO Gazprom -- completed laying two subsea lines of the Blue Stream natural gas pipeline, which will connect Russian gas fields to Turkey via the Black Sea.
  • 02/19/2002 -- OPS head wants clean slate by next year
    The Bush administration's top pipeline safety official last week told a House subcommittee she is working diligently to better enforce regulatory mandates that government officials and consumer groups say have been neglected for far too long.

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