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Transportation 2002 P7

  • 02/15/2002 -- Stage being set for another Russia-OPEC standoff
    The stage is being set for another showdown between OPEC and Russia--but the Iraqi wild card could offset any resulting market shar war.
  • 02/14/2002 -- Lukoil starts first nongovernment products line linked to state system
    OAO Lukoil has started a 3 billion ruble ($97.2 million) oil products pipeline, Perm-Andreyevka, in Perm. Lukoil said it is the first nongovernment owned oil products pipeline connected to the central state pipeline system.
  • 02/13/2002 -- El Paso Energy Partners plans large Gulf of Mexico oil pipeline system
    El Paso Energy Partners LP (EPN) plans to build and operate a $450 million, 380-mile crude oil pipeline system in the US Gulf of Mexico. Cameron Highway will deliver up to 500,000 b/d of oil from the southern Green Canyon portion of the gulf and the western Gulf of Mexico to Port Arthur and Texas City, Tex.
  • 02/12/2002 -- Knowles proposes bill to authorize $17 billion in bonds for gas pipeline
    Alaska Gov. Tony Knowles (D) Tuesday proposed legislation to authorize Alaska Railroad Corp. to issue $17 billion in tax-exempt bonds to finance an Alaska Highway natural gas pipeline.
  • 02/11/2002 -- Gaz de France renegotiating Argentinean distribution agreement
    Gaz de France SA is renegotiating its contractual obligations in Argentina, a move that could well be a prelude to a withdrawal from the troubled country.
  • 02/08/2002 -- California regulators claim victory in Pacific Gas & Electric court ruling
    A US bankruptcy judge's rejection of Pacific Gas & Electric Co.'s request for a preemptive exemption from state laws and regulations is a "complete and utter rout for PG&E," Gary Cohen, general counsel the California Public Utilities Commission, said Friday. The utility said it would file an amended proposal taking into account the court's directions.
  • 02/07/2002 -- Knowles proposes use of Alaska Railroad bonding to cut pipeline costs
    Alaska Gov. Tony Knowles proposed Thursday to use the bonding authority of the Alaska Railroad Corp. as a creative financing option to lower the cost of the Alaska Highway natural gas pipeline by $1 billion, enough to make it economical.
  • 02/07/2002 -- LNG costs falling as demand climbs, says Phillips Petroleum executive
    As world demand for liquefied natural gas grows, its costs are becoming cheaper through more efficient operations that reduce costs for both plants and marine tankers, said the head of LNG business development for Phillips Petroleum Co. at a natural gas storage meeting Thursday in Houston.
  • 02/07/2002 -- Forward and back
    President George W. Bush's first State of the Union speech Jan. 29 gave US oil companies the clearest indication yet the administration is not yet prepared to allow American investment in Iran.
  • 02/07/2002 -- Clutching at straws
    The UK's oil minister is also responsible for other energy sources and is rather proud that he has just inaugurated the world's largest straw-fired power station, a 36 Mw, $100 million dollar project in rural eastern England.
  • 02/06/2002 -- Tracer Petroleum joins Canneft in Turkmenistan development
    Tracer Petroleum Corp., Calgary, has entered a joint venture agreement with Canneft Inc., Houston, to participate in development of Adzhiyap block in southwestern Turkmenistan. The Adzhiyap block covers 2,000 sq km, bordering Iran to the south and the Caspian Sea to the west.
  • 02/05/2002 -- OGE warns storm cost could top $100 million
    OGE Energy Corp. Tuesday warned the cost of the Jan. 30 ice storm could exceed $100 million, likely requiring its Oklahoma City-based utility unit to seek a rate hike to cover the cost of repairs. The company had already asked regulators for a $22 million rate increase.
  • 02/05/2002 -- PetroChina proceeds on $14 billion West-to-East gas pipeline
    PetroChina Co. Ltd. has approved the feasibility study for a $14 billion West-to-East gas pipeline and signed an interim pact with a Shell International Gas Ltd. consortium.
  • 02/05/2002 -- Enbridge buying Northeast Texas gas gathering, processing facilities
    Enbridge Inc., Calgary, is buying Sulphur River Gathering LP's gas gathering and processing facilities in Northeast Texas for $178 million.
  • 02/05/2002 -- Sen. Murkowski wants to mandate southern route for Arctic gas pipeline
    Sen. Frank Murkowski (R-Alas.) Monday said Congress should mandate that North slope producers and pipeline companies build an arctic gas pipeline that follows a route parallel to the oil pipeline to Fairbanks and then along the Alaska Highway to Canada.
  • 02/04/2002 -- No cash for risky investment in gas pipeline, Alaska commissioner says
    The State of Alaska is too "cash poor" to risk investing as part-owner of a proposed pipeline to carry North Slope natural gas to markets in the lower 48 states, said the state's revenue commissioner.
  • 02/04/2002 -- Tariff accord clears way for Russian exports via trans-Balkan pipeline
    Ukraine's approval of a tariff accord could enable Russian oil to be exported by yearend via a trans-Balkan pipeline network to the Adriatic Sea. Existing lines would be used and a 110.5-mile, 36-in. line between Sisak, Croatia, and the port of Omisalj would be reversed.
  • 02/01/2002 -- Transco to pay $1.4 million fine for environmental violations
    Williams Gas Pipeline Corp.'s Transco pipeline unit agreed to pay a $1.4 million civil fine for violation of environmental rules protecting soil and water quality.
  • 01/31/2002 -- Entergy assessing turbine strategy with rating agencies
    Entergy Corp. Chairman Wayne Leonard Thursday said the New Orleans energy producer and marketer is still struggling to reach a decision on what to do with 15 gas turbines scheduled for delivery in the next 3 years. 'That is one of our highest priorities in 2002,' he said during a conference call.
  • 01/31/2002 -- Dynegy takes possession of disputed Enron pipeline
    Energy marketer Dynegy Inc. Thursday took temporary possession of Enron Corp.'s Northern Natural Gas pipeline and named Dan Dienstbier as the pipeline's president. Dynegy acquired the pipeline after Enron failed to repay a $1.5 billion equity infusion by Dynegy as part of a failed merger attempt with Enron last fall.

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