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corrected 9/13/02

Continuing in its effort to find a way to develop stranded natural gas economically, Conoco has taken a major step toward commercializing its proprietary technology for converting natural gas to liquids with the delivery and installation of the first production modules at the company’s gas-to-liquids (GTL) demonstration plant under construction in Ponca City, OK.

Continuing in its effort to find a way to develop stranded natural gas economically, Conoco on Monday said it has taken a major step towards commercializing its proprietary technology for converting natural gas to liquids with the delivery and installation of the first production modules at the company’s gas-to-liquids (GTL) demonstration plant under construction in Ponca City, OK.

A new run is being taken at one of the tallest hurdles confronting natural gas supply development in Canada, fear of emissions from “sour” reserves, laced with lethal hydrogen-sulphide, which make up about a third of Canada’s gas resources. This time the scientific effort will be quartered in the northeastern United States in an independent laboratory far removed from conflicts in the western provinces.

If investigators find that Enron Corp. manipulated forward electricity markets, FERC Chairman Patrick Wood told a Senate hearing Tuesday that possibly the courts or state or federal regulators could void some of the high-priced, long-term power contracts on the West Coast.

Two Trinidad-based liquefied natural gas (LNG) exporters are protesting a rate hike request by Southern LNG for terminaling at its Elba Island import station, saying the request would result in 260% cumulative increases since the project was first proposed. They warned that because of “inefficient high-cost bottlenecks in the gas chain, the United States’ gas market will become less attractive as a destination for LNG supplies.”

Two Trinidad-based LNG exporters are protesting a rate hike request by Southern LNG for terminaling at its Elba Island import station, saying the request would result in 260% cumulative increases since the project was first proposed. They warned that because of “inefficient high-cost bottlenecks in the gas chain, the United States’ gas market will become less attractive as a destination for LNG supplies.”

As laid-off Enron Corp. employees faced the next step of looking for another job, the City of Houston opened a job fair at the George R. Brown Convention Center in downtown on Thursday and ex-employees used their technology skills to tap into the place that the company had once dominated: the Internet.

For anyone holding Enron Corp. stock one year ago this week, things could not have seemed better. The closing price on Oct. 30, 2000 was $80.68, and the following day, Halloween, shares gained almost $2 to close at $82.06. Today at Enron, however, things look a lot spookier. And despite the plethora of information unmasked by the Houston-based company in the past two weeks, the investment community still seems anxious about any other tricks still to be revealed within the energy trading giant’s complex financial holdings.