The numerous energy transaction Internet sites are likely toconsolidate leaving somewhere between one and six viable sites,executives of three of the leading sites told a GasMart/Power 2000audience in Denver last week.
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Electronic Trading Field will Consolidate
The numerous energy transaction Internet sites are likely toconsolidate leaving somewhere between one and six viable sites,executives of three of the leading sites told a GasMart/Power 2000audience in Denver yesterday.
Executives Bullish on Prices, Supply Outlook
The outlook for North American natural gas was “never better”than now, says the top Shell E&P executive. Among the factorsworking in the favor of gas are strong demand from powergeneration, environmental imperatives, integration of the NorthAmerican market, new supply sources and rising prices.
El Paso’s Attempt to Clarify Allocation Plan Falls Short
A team of El Paso Natural Gas executives last week tried toclear away any confusion that their transportation customers mayhave had with the pipeline’s new capacity-allocation proposal, buttheir efforts appeared to have fallen short as some shippers leftthe FERC technical conference more bewildered than when they wentin.
El Paso’s Attempt to Clarify Allocation Plan Backfires
A team of El Paso Natural Gas executives took the opportunityyesterday to explain in detail to their transportation customersthe pipeline’s new capacity-allocation proposal, but many left theFERC technical conference more bewildered than when they arrived.
Kerr-McGee Plans for 2000, Takes Stock of 1999
At an analyst meeting yesterday, executives from theOklahoma-City based Kerr-McGee, a major independent oil and gasproducer, outlined the company’s performance in 1999 and allowed afew glimpses into its strategy for next year.
DOE Chief: Power Restructuring Needs Gas Industry’s Help
Department of Energy (DOE) Secretary Bill Richardson made aspirited request to a host of gas industry executives last week,asking for their help to pass a federal electric restructuring billbefore the end of this year. Richardson, addressing attendees ofthe Natural Gas Roundtable in Washington D.C., said the gasindustry stands to gain handsomely if electric restructuring getspassed as soon as possible.
DOE Chief: Power Restructuring Needs Gas Industry’s Help
Department of Energy (DOE) Secretary Bill Richardson made aspirited request to a host of gas industry executives yesterday,asking for their help to pass a federal electric restructuring billbefore the end of this year. Richardson, addressing attendees ofthe Natural Gas Roundtable in Washington D.C., said the gasindustry stands to gain handsomely if electric restructuring getspassed as soon as possible.
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The Royal Dutch/Shell Group announced one of its top executives,Steven Miller, 53, will take over as president, CEO and chairman ofits Houston-based subsidiary, Shell Oil Co. July 1 with theretirement of Jack Little who turned 60 last year. Little had beenpresident for a year. Miller, who will give up his managingdirector titles with the parent company, said in a writtenstatement, he would like to see the U.S. branch “even more closelyaligned with the rest of the Royal Dutch/Shell Group in order todeal with competitive realities more effectively on a globalbasis.”
Franks Doesn’t Plan Fixes to Pipeline Safety Act
Rep. Robert Franks (R-NJ) told natural gas executives yesterdaythe Pipeline Safety Act of 1995, which is up for reauthorization inCongress this year, has been a success story so far and that hedoesn’t think it should be changed.