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Transportation 2002 P9

  • Tue Jan 15 10:01:00 CST 2002 -- Indian oil minister says oil and gas deregulation on target for Apr. 1
    Indian Petroleum Minister Ram Naik has said that plans to deregulate the oil and gas industry on Apr. 1 are on schedule. He said a draft bill to establish a Statutory Petroleum Regulatory Board was being finalized.
  • Tue Jan 15 10:01:00 CST 2002 -- SGR Holdings plans to develop Mississippi gas storage cavern
    SGR Holdings LLC said Tuesday that a subsidiary would develop a salt cavern gas storage facility in Greene County, Miss.
  • Fri Jan 11 15:01:00 CST 2002 -- Enron says UBS Warburg is top bidder for trading operation
    Enron Corp. Friday said investment bank UBS Warburg AG was the successful bidder for its North American wholesale electricity and natural gas trading business. The private auction was overseen by a US bankruptcy judge.
  • Fri Jan 11 09:01:00 CST 2002 -- Electric co-ops endorse FERC refund proposal
    Federal regulators monitoring the electricity markets should take "all steps necessary," including refunds, to protect consumers from market power abuse, the National Rural Electric Cooperative Association said. In a FERC filing, NRECA also said the commission should assure the market the refund proposal will be applied "solely" to protect customers from such abuse.
  • Fri Jan 11 00:01:00 CST 2002 -- TransCanada head not content with static share of gas transportation
    Hal Kvisle, president and CEO of TransCanada PipeLines Ltd., intends to make Canada's biggest pipeline even bigger.
  • Thu Jan 10 18:01:00 CST 2002 -- US is firm on trade limitations with Iran, says State Department executive
    The US will not soften limitations on trade with Iran until that country addresses concerns about its accumulation of weapons of mass destruction and its support of international terrorism, said Ambassador Stephen R. Mann, senior advisor for Caspian basin energy diplomacy within the US State Department, Thursday in Houston.
  • Thu Jan 10 11:01:00 CST 2002 -- China planning to open fuel oil futures exchange in Shanghai
    China is considering opening a fuel oil futures exchange in Shanghai in the second half of this year to allow the market to react more efficiently to global oil price fluctuations.
  • Thu Jan 10 10:01:00 CST 2002 -- New Arizona pipeline and 10 bcf gas storage facility proposed
    Driven by new gas-fired power plants in the southwest, Allegheny Energy Inc., Salt River Project, and Sempra Energy proposed a new pipeline and storage complex to connect the Las Vegas area with Kingman, Ariz. Natural gas transportation and storage in Arizona and southern Nevada has been limited, and demand from power plants is increasing.
  • Thu Jan 10 09:01:00 CST 2002 -- Texas Eastern buying Chaparral, Quanah pipelines from Koch
    Texas Eastern Products Pipeline Co. LLC is buying the Chaparral and Quanah pipelines in Texas from Diamond-Koch partnerships for $130 million.
  • Wed Jan 09 14:01:00 CST 2002 -- Seven Asian nations may sign accord for $6 billion gas grid in July
    Members of the Association of Southeast Asian Nations are expected to sign an agreement in July covering the construction of a $6 billion Trans-Asean gas pipeline.
  • Tue Jan 08 15:01:00 CST 2002 -- Kerr-McGee sets development of Tullich field in UK North Sea
    Kerr-McGee Corp. said Tuesday its directors have approved development of 100% owned Tullich field in the UK North Sea as part of the $890 million capital budget in 2002. It also slated $170 million for worldwide exploration projects, which will result in 20-30 wildcats.
  • Tue Jan 08 10:01:00 CST 2002 -- Metso to create SCADA systems for PetroChina pipeline, national control center
    PetroChina Co. Ltd. has awarded two supervisory control and data acquisition system contracts to Metso Automation Inc., the automation and control technology business area of Metso Corp. of Finland.
  • Tue Jan 08 09:01:00 CST 2002 -- CMS Energy stock down on lower earnings estimates
    Stock in CMS Energy Corp. opened 3.74% lower Tuesday after the Dearborn, Mich., energy holding company Monday said 2001 earnings would be about 35¢/share below previous projections. CMS blamed warmer than normal fourth quarter weather, lower gas and electric sales, maintenance costs, and increased electric distribution repair costs due to storm damage.
  • Mon Jan 07 13:01:00 CST 2002 -- Public power group says FERC affiliate rule could hurt retail customer
    Proposed federal rules requiring a single standard governing relations between gas and electric transmission suppliers and their energy affiliates could interfere with retail 'one-stop shopping,' the American Public Power Association said. FERC proposed uniform rules for natural gas pipelines and electric transmission suppliers and asked for industry comment last fall.
  • Mon Jan 07 09:01:00 CST 2002 -- Unocal emphasizes spending for development projects in 2002 budget
    Unocal Corp. said Monday that its 2002 capital expenditures will be unchanged at $1.7 billion, but a larger share would go for development projects. Development programs would get $1.1 billion, up from $900 million last year. Exploration spending would drop $100 million to $400 million.
  • Mon Jan 07 09:01:00 CST 2002 -- FERC gives preliminary approval for Islander East gas pipeline project
    The US Federal Energy Regulatory Commission has given preliminary clearance for Islander East Pipeline Co. LLC to build, own, and operate a 50-mile gas pipeline to serve Long Island, NY.
  • Fri Jan 04 08:01:00 CST 2002 -- Producers, pipelines in dispute over pipeline quality gas specs
    Natural gas pipeline operators turned up the heat in a dispute with producers over specifications for pipeline quality gas. The Natural Gas Supply Association asked FERC to look into whether pipelines are using gas quality specifications to restrict gas shipments. The Interstate Natural Gas Association of America responded the charge 'hardly bears discussion.'
  • Fri Jan 04 08:01:00 CST 2002 -- Gas group backs environmental lawsuit to impel alternative fuels use
    The Natural Gas Vehicle Coalition has joined environmental groups calling for the federal government to comply with a decade-old law designed to reduce oil imports by boosting alternative fuel vehicle fleets. Several agencies have admitted noncompliance, the gas group said.
  • Fri Jan 04 08:01:00 CST 2002 -- Producers, pipelines in dispute over specs for pipeline quality gas
    Natural gas pipeline operators have turned up heat in a dispute with producers over specifications for pipeline quality gas. The Natural Gas Supply Association asked FERC to examine if pipelines are using quality specifications to restrict shipments. The Interstate Natural Gas Association of America responded the charge "hardly bears discussion."
  • Fri Jan 04 08:01:00 CST 2002 -- Dynegy exercises $23 million option to buy Northern Natural Gas Pipeline
    Dynegy Inc., Houston, settled one lawsuit with subsidiaries of Houston-based Enron Corp. and will exercise its option to acquire the Northern Natural Gas Pipeline by the end of this month, officials said late Thursday night. Exercise of that option requires payment of $23 million at closing.

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