A study of 10 of the largest U.S. natural gas pipelines showsthey can expect to collectively derive a total of $42.5 millionannually in savings from Gas Research Institute technologies over afour-year period from 1997 to 2000, GRI said.
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Oil, Gas Expect to Meet Y2K Deadline
The majority of the oil and gas industry – 94% – report theircomputer systems will be ready by Sept. 30 to deal with anyglitches that may be brought on by the change to 2000, according tothe latest survey conducted by the Natural Gas Council and theAmerican Petroleum Institute (API). The entire industry expects tobe Y2K ready by the end of December.
Exxon, Mobil See Merger Cleared by September
Exxon and Mobil said yesterday they expect antitrust reviews oftheir proposed $88 billion merger will be completed by the end ofthe third quarter. The companies filed the formal pre-mergernotification with the European Commission on May 3. Under the EC’sregulatory framework, that process should be completed around theend of September. As a result of discussions with the Federal TradeCommission, the companies believe that the FTC process can becompleted in the same time period. Shareholders of both companiesare scheduled to vote on the deal on May 27.
Canadian Producers Predicting Price Jumps
Canadian producers expect their natural gas prices to rise by asmuch as 60% when the next heating season catches up with effects ofthe 1998-99 drilling slump.
Canadian Producers Predicting Big Price Jumps This Winter
Canadian producers expect their natural gas prices to rise by asmuch as 60% when the next heating season catches up with effects ofthe 1998-99 drilling slump.
Gas Industry Lacks Harmony in NOPR, NOI Comments
FERC Chairman James Hoecker said recently he didn’t expect tosee much “consensus” from the natural gas industry on the majorinitiatives in the notice of proposed rulemaking (NOPR) and noticeof inquiry (NOI). Judging from some of the comments that floodedinto the Commission yesterday, he was right on target.
Industry Will Be Y2K Ready by Third Quarter
Most oil and gas companies – 94% – report they expect to befully Y2K ready by next September, according to a survey that wasreleased yesterday at a conference of the oil and gas sectorworking group of the President’s Council on Year 2000 Conversion.
MMS Issues Notice for Central Gulf Sale 172
The U.S. Department of the Interior’s Minerals ManagementService (MMS) doesn’t expect Sale 172 in the Central Gulf of Mexico(GOM) scheduled for March 17, 1999 in New Orleans to set anyrecords.
Industry Reports Progress On Y2K Efforts
Almost a third of gas and oil companies surveyed expect to havecompleted Year-2000 (Y2K) remediation by the end of the year,according to the results of a new survey by the Natural Gas Council(NGC). It further found that 73% said they would be ready by June1999, while all respondents indicated they would be prepared byDecember 1999.
Industry Tackles Y2K Remediation, Survey Says
Almost a third of gas and oil companies surveyed expect to havecompleted Year-2000 (Y2K) remediation by the end of the year,according to the results of a new survey by the Natural Gas Council (NGC) that was released last week. It further found that73% said they would be ready by June 1999, while all respondentsindicated they would be ready by December 1999.