Chevron Corp. said Monday it will work with Irving Oil Ltd. to study the costs and other factors involved in building a C$500 million (US$320 million) liquefied natural gas (LNG) plant in Saint John, NB. Irving Oil, a family-owned company with energy interests in eastern Canada, announced two months ago that it was considering construction of an LNG plant at its ice-free Canaport deepwater facility, where it has operated an oil terminal since 1970 (see Daily GPI, July 26).
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Tropical Storm Barry Costs 5 to 6 Bcf in Production
As much as 5-6 Bcf of gas production was lost due to shut-ins as Tropical Storm Barry lingered in the Gulf of Mexico from Friday through Sunday a week ago, before moving ashore and dissipating into heavy rain Monday.
Petro-Canada Plans Bypass to Skirt Tolls
Petro-Canada has become the latest natural gas producer to resort to a pipeline bypass to cut costs of transportation on the TransCanada-Nova system by ducking around its former monopoly franchise in Alberta.
Petro-Canada Plans Bypass to Skirt Tolls
Petro-Canada has become the latest natural gas producer to resort to a pipeline bypass to cut costs of transportation on the TransCanada-Nova system by ducking around its former monopoly franchise in Alberta.
Select Energy, HEFA to Lower Non-Profits’ Gas Costs
The Massachusetts Health and Educational Facilities Authority (HEFA) PowerOptions energy program reported on Wednesday that it has entered into a second major energy contract with Select Energy Inc. of Berlin, CT. The two-year agreement to supply natural gas to HEFA members extends through Oct. 1, 2003 and is expected to provide Select Energy, the retail energy marketing and services subsidiary of Northeast Utilities, with revenues of $25 million over the length of the contract.
Barry Costs 5 to 6 Bcf in Production
As much as five to six Bcf of gas production was lost due to shut-ins as Tropical Storm Barry lingered in the Gulf of Mexico from Friday through Sunday, before moving ashore and dissipating into heavy rain Monday.
EPRI: U.S. Power Outage Costs Top $119 Billion Annually
Power outages and other power quality disturbances are costing the U.S. economy more than $119 billion annually, according to a recent study sponsored by the Electric Power Research Institute’s (EPRI) Consortium for Electric Infrastructure to Support a Digital Society (CEIDS).
Enron’s Energy Services Poised to Deliver
With or without deregulation, the impact of rising energy costswill increase the demand for Enron’s growing product base,especially in its services area, offering even more leverage forNorth America’s largest wholesale marketer. Lou Pai, CEO of EnronEnergy Services LLC, provided an overview of his division at theannual investor’s conference last Thursday in Houston, calling theopportunities for growth are tremendous.
TransCanada Cuts Capacity, Scraps Compressors
TransCanada PipeLines plans to remove 12 older compressors fromservice in an effort to lower maintenance costs and reduce theamount of excess pipeline capacity on its system following thestart-up of the 1.325 Bcf/d Alliance Pipeline on Dec. 1.
TransCanada Cuts Capacity, Scraps 12 Compressors
TransCanada PipeLines plans to remove 12 older compressors fromservice in an effort to lower maintenance costs and reduce theamount of excess pipeline capacity on its system following thestart-up of the 1.325 Bcf/d Alliance Pipeline on Dec. 1.