More Gas Capacities News

Electric Power news briefs, Jan. 9

Jan 9, 2002 PNM Resources Inc. ... Western Resources Inc. ... PJM Interconnection LLC ... SeTrans ... Idaho Power Co. ... Astaris LLC ... Williams Cos. Inc. ... Reliant Energy ... Black & Veatch Corp. ... H.B. Zachry Co. ... Grupo Generador de Guatemala y Cia SCA ... Andersons Inc. ... FirstEnergy Solutions

Williams completes upgrade of Wyoming gas processing plant

Jan 9, 2002 A unit of Williams Cos. Inc., Tulsa, has completed a $45 million upgrade to its Echo Springs natural gas plant near Wamsutter, Wyo.

TransCanada head not content with static share of gas transportation

Jan 11, 2002 Hal Kvisle, president and CEO of TransCanada PipeLines Ltd., intends to make Canada's biggest pipeline even bigger.

Calpine slashes earnings estimates and capital spending for 2002

Jan 16, 2002 Independent power producer Calpine Corp. Wednesday slashed earnings projections for 2002 by 30% and put on hold the construction of 34 power plants, cutting $2 billion from expected capital spending in 2002. Calpine, San Jose, said 2002 earnings before interest, taxes, and depreciation are expected to be $2 billion or $1.70/share, compared to an earlier estimate in late September of $2.45 to $2.60/share.

CMAI predicts 3.9% annual rise in butadiene demand through 2006

Jan 17, 2002 Global demand for butadiene will increase an average of 3.9%/year in 2001-06, predicted Chemical Market Associates Inc., Houston.

Interest wanes in California pipeline projects with slide of natural gas prices

Jan 21, 2002 Some companies that rushed to announce new gas pipelines to serve a booming California market last winter have quietly put the projects on the back burner.

California Power Authority proposes 'green' electricity strategy

Jan 22, 2002 The state-funded California Power Authority said it will meet California's need for 8,000 Mw of new capacity by 2006 with energy efficiency programs and renewable energy projects. In a report to Gov. Gray Davis, the newly created state entity also predicted its plan will reduce natural gas consumption by $10-$15 billion.

California entity expects green initiatives to reduce gas use

Jan 22, 2002 The state-funded California Power Authority said that by 2006, energy efficiency programs and renewable energy projects will reduce natural gas consumption by $10-$15 billion.

Economy, Enron slowed retail competition, Michigan regulators say

Feb 6, 2002 Just 3,200 customers were participating in Michigan's retail electric pilot program at yearend, regulators reported. But state regulators urged patience in 2002, the first year of full retail participation.

Processing news briefs, Feb. 7

Feb 7, 2002 BASF ... Basell ... PDVSA ... Otepi-Inelectra-Sadaven ... TOYO ... Sinopec Beijing Yanhua Petrochemical ... Shell Deer Park Refining ... Emerson Process Management ... Enterprise Products Partners ... Valero ... Koch Industries ... Frontier Oil ... PACE

CMAI foresees falling profitability for light olefins this year

Feb 14, 2002 Chemical Market Associates Inc., Houston, predicts that profitability for light olefins will continue to fall in 2002. In its 2002 World Light Olefins Analysis, CMAI said producers must contend with a significant build-up of surplus capacity in the midst of a global economic slowdown.

Ceiba oil field resumes production from new FPSO

Feb 26, 2002 Oil production resumed in late January from Ceiba oil field on Block G off Equatorial Guinea, said Amerada Hess Corp. The field is producing at a rate of more than 50,000 b/d via Sendje Ceiba, a new floating production, storage, and offloading vessel.

Analysts applaud new Dynegy NGL limited partnership

Feb 27, 2002 Dynegy Inc.'s proposal to spin off a substantial portion of its NGL business into a new limited partnership should boost the company's financing flexibility, analysts said.

Marathon Oil proposes major new North Sea gas pipeline

Mar 5, 2002 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.

Gas processors face bright future amid old, new realities, GPA told

Mar 12, 2002 Duke Energy Field Services Inc. Pres. Jim Mogg

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