International

Lobsters v. Gas & Oil on Georges Bank

International gas producers are sailing into a political stormas they pursue their next drilling target off the East Coast, theCanadian half of Georges Bank between Nova Scotia and New England.Three wholly-owned arms of senior U.S. gas suppliers — TexacoCanada, Chevron Canada and Amoco Canada — are out to persuadeCanadian federal and provincial authorities to let a moratorium onresource exploration on Georges expire.

October 12, 1998

Duke Taking First LNG From Qatargas

Qatargas Liquefied Gas Co. and Duke Energy LNG Sales , a unit ofDuke Energy International, agreed for Duke to buy one cargo ofliquefied natural gas (LNG) from Qatargas.

October 7, 1998

Special Feature : Lobsters V. Oil/Gas on Georges Bank

International gas producers are sailing into a political stormas they pursue their next drilling target off the East Coast, theCanadian half of Georges Bank between Nova Scotia and New England. Three wholly-owned arms of senior U.S. gas suppliers – TexacoCanada, Chevron Canada and Amoco Canada – are out to persuadeCanadian federal and provincial authorities to let a moratorium onresource exploration on Georges expire.

October 5, 1998

Westcoast Consortium Wins Pemex Contract

Westcoast Energy is leading an international consortium awardeda $250 million contract by Pemex Exploracion y Produccion (PEP) toconstruct and operate a 250 MMcf/d offshore gas compression andliquids recovery facility. The facility is to be located near theexisting Akal-GR platform in the Cantarell oil field in the Bay ofCampeche, Gulf of Mexico. The project will help to recover gas fordelivery into the Mexican national pipeline system, which is beingexpanded to meet the needs of new gas distribution concessions andpower generation plants.

August 31, 1998

Fitch Gives Columbia High Marks

Columbia Energy Group received high marks from Fitch IBCA, theinternational debt rating agency, for significant progress sinceemerging from bankruptcy in 1995. “Columbia exhibits a stablefinancial profile and favorable qualitative operatingcharacteristics,” Fitch said in upgrading the company’s $2 billionoutstanding debentures two notches to A from BBB+ and raising its$850 million commercial paper program F1 from F2.

August 20, 1998

ERCOT to Get 750 MW of Gas-Fired Generation

Texas-based Panda Energy International plans to construct a $100million, 750 MW gas-fired merchant power plant in Guadalupe Countynear Marion, TX. The maximum amount of gas the plant could use is126,000 MMBtu/d.

August 10, 1998

Field Services Leads El Paso Units in 2Q

Positive contributions from gathering, processing andinternational activities helped boost El Paso Energy’s secondquarter earnings to $0.45/share, an increase of 22% from $0.37 in2Q97. Earnings before interest and taxes increased to $149 millionfrom $139 million in the year ago quarter.

July 28, 1998

Air Force Hires Sempra for Savings

CES/Way International was selected by Vandenberg Air Force Basein California and Goodfellow Air Force Base in Texas to provideenergy conservation measures that could yield nearly 20% savings onutility bills. The subsidiary of Sempra Energy Solutions of LosAngeles, is one of 11 energy services companies that werepre-qualified last year under the Department of Defense (DOD)program to implement energy conservation projects in 46 states,Washington, D.C., and Puerto Rico. With a total of up to $1.1billion in potential contracts, CES/Way and the other energycompanies can receive project awards of up to $150 million eachthrough the program. Among the other pre-qualifiers are Honeywell,Johnson Controls, Duke Energy, and Xenergy.

May 19, 1998

Enron, Steel Company in Power Venture

A unit of Enron and the heavily industrialized East SanFrancisco Bay area suburb of Pittsburg, CA, are teaming up with aninternational steel mill to pursue a $250 million, 500-megawattnatural gas-fired merchant power plant. By mid-May, Pittsburg’scity council will decide whether the city should take an interestin the privately financed proposal.

May 4, 1998

Industry Briefs

Sonat Energy Services purchased a 50-percent limited partnershipinterest in GPU International’s Mid-Georgia Cogen L.P. power plant.”Our experience in both natural gas and power marketing has shownus that investing in state-of-the-art natural gas-fired electricpower generation is a key ingredient to providing our customerswith the services they need in today’s competitive market,” saidSonat Energy Service s President Richard Bates. The 300 MWcogeneration power plant is a dispatchable natural gas-fired,combined cycle facility located in Kathleen, GA. It is scheduled toenter commercial operation in the second quarter of 1998. Inaddition to providing thermal energy to a Frito-Lay snack foodprocessing plant and electrical capacity to Georgia Power, thefacility also will be available to sell wholesale energy to avariety of customers. Mid-Georgia Cogen is the first independentpower project developed in Georgia.

February 27, 1998
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