Found

The Calgary arm of a U.S.-based producer has found a key to keep access to the hazardous 30% of western Canadian natural gas – bend over backwards to make peace with increasingly fearful communities. Burlington Resources Canada Energy Ltd., a wholly-owned subsidiary of its Houston namesake, set a new standard for securing co-operation with development of “sour” gas, laced with hazardous hydrogen-sulphide.

Following its quarterly study, the Energy Performance Review (EPR) found that 10 of the largest US-based integrated petroleum companies reported consolidated earnings before special items totaling $11 billion for the third quarter of 2001, off one-third from the near-record $15.6 billion posted for the second quarter of the year. The mark also reflects nearly a one-third reduction from the $15.9 billion posted for the third quarter of 2000, according to the group’s most recent data.

Following its quarterly study, the Energy Performance Review (EPR) found that ten of the largest United States-based integrated petroleum companies reported consolidated earnings before special items totaling $11 billion for the third quarter of 2001, off one-third from the near-record $15.6 billion posted for the second quarter of the year. The mark also reflects nearly a one-third reduction from the $15.9 billion posted for the third quarter of 2000, according to the groups most recent data.

Kerr-McGee Corp. said it found 300-500 Bcf of gas reserves in the deepwater Gulf of Mexico at its Red Hawk prospect on Garden Banks block 877. Located in more than 5,300 feet of water, the 23,500-foot discovery well encountered more than 135 feet of gas and gas condensate pay in two zones. A successful updip appraisal sidetrack to the discovery encountered about 175 feet of gas and gas condensate pay.

As it had advised shippers the day before, Florida Gas Transmission found it necessary to issue an Underage Alert Day notice Friday. The OFO had a 5% tolerance for positive imbalances east of Station 12 in north-central Florida.

An administrative law judge at the Oklahoma Corporation Commission last week found Oneok and two of its subsidiaries, Oklahoma Energy Marketing and Trading and Oneok Gas Storage, in contempt for their refusal to provide documentation of their gas sales. The judge recommended to the commission that the companies be fined $2,000 per day retroactive to May 8 and lasting until they comply with the commission order.

Tossing aside criticism that California’s new-found reliance onlong-term power contracts may over time cost consumers billions ofdollars extra for electricity, the state’s chief negotiatorThursday defended his work, arguing no one can predict where powerprices will be five and 10 years from now.

Energy management contracts continue to pop up in the strangestplaces, as Enron Energy Services (EES) found in taking over theenergy needs of the Quaker Oats Co. The deal announced last weekcovers 17 of the company’s packaged food and beverage facilities.Enron said the multi-million dollar deal is good for 10 years.

Energy management contracts continue to pop up in the strangestplaces, as Enron Energy Services (EES) found in taking over theenergy needs of the Quaker Oats Co. The deal announced yesterdaycovers 17 of the company’s packaged food and beverage facilities.Enron said the multi-million dollar deal is good for 10 years.