Known

Backers of a proposed regional transmission organization (RTO) in the Southeast known as SeTrans last week said that they are suspending efforts related to forming the RTO, saying that it is “highly unlikely that consensus support and acceptance for the SeTrans RTO will be forthcoming from all applicable state and federal agencies.”

Quebec isn’t known for its natural gas production, and there’s a good reason for that: there’s only one field with just one producing well in the whole province, and it’s been out of service since April 2002. However, Junex, which holds 3.5 million acres under exploration permits in the province with proven reserves of more than 728 MMcf/d, said it is about to bring the Galt field near Gaspé back online next month and is planning to increase production over the next few years.

Quebec isn’t known for its natural gas production and there’s a good reason for that: there’s only one field with just one producing well in the whole province and it’s been out of service since April 2002. However, Junex, which holds 3.5 million acres under exploration permits in the province with proven reserves of over 728 MMcf/d, said it is about to bring the Galt field near Gaspé back online next month at a relatively high rate.

May 28, 2003

With its known Alaska oil and natural gas reserves approaching 7 billion boe — its largest single source in its global portfolio, BP plc will be a major player on the North Slope for at least 40 years and most likely, longer, the company’s Alaska chief affirmed this week.

Calgary-based independent PanCanadian Energy Corp. has amalgamated its operations with PanCanadian Petroleum Ltd. and will be known under the PanCanadian Energy name from now on. The amalgamation was previously announced when PanCanadian Petroleum completed its spin off from parent Canadian Pacific Ltd. last fall (see Daily GPI, Nov. 7, 2001). PanCanadian Energy Corp. is now the parent company of all existing subsidiaries and the major partner in partnerships. Included in the amalgamation are some non-Canadian subsidiaries, which also have merged or changed names, including U.S. holdings, the Montana Power Gas Co. and Xeno Inc., which merged Jan. 1 into North American Resources Co., and at the same time, took the name PanCanadian Energy Resources Inc. UK subsidiary PanCanadian Petroleum (UK) also is changing its name to PanCanadian Energy (UK) Ltd.

In a part of California known for big oil and big agricultural interests, and the big bucks that go along with both, deep drilling is getting a huge boost in the southwestern parts of oil/gas-rich San Joaquin Valley west and northwest of Bakersfield with the announcement that a consortium of major E&P talent became the third group to begin a deep drilling project in the area.

Executives of companies looking to increase the use of small electric generation units known as microturbines last week sought to promote some of the nascent technology’s benefits, including a minimal amount of maintenance and the ability to make use of heat-generated energy that would otherwise go to waste.

Executives with companies looking to increase the use of small electric generation units known as microturbines yesterday sought to promote some of the nascent technology’s benefits, including a minimal amount of maintenance and the ability to make use of heat-generated energy that would otherwise go to waste.