Leading

Gas-Fired Power Leading a Demand Boom

Recent reports from the Gas Research Institute (GRI), ElectricPower Supply Association (EPSA), and INGAA on new merchant powerplant generation indicate gas demand is on the verge of a majorboom. The EPSA said the potential generating capacity fromannounced merchant power plants has doubled since October of lastyear. In conjunction with this growth, GRI said half of the sizablegas demand increase expected over the next 15 years would come fromelectricity generation usage. INGAA’s study indicated thatgas-fired generation is in a “prime” position to succeed in afederally deregulated electric market, even with the inclusion of arenewable portfolio standard in the federal legislation. Thereports were published separately earlier this week.

October 28, 1999

Massive IPP Sithe Energies Moves Closer to Sale

New York-based Sithe Energies, a privately held leadingindependent power producer, said it has hired Goldman, Sachs &Co. as an advisor in its previously announced intention to sell thecompany.

October 25, 1999

Massive IPP Sithe Energies Moves Closer to Sale

New York-based Sithe Energies, a privately held leadingindependent power producer, said it has hired Goldman, Sachs &Co. as an advisor in its previously announced intention to sell thecompany.

October 22, 1999

People

Michael L. Williams has been named chairman of the TexasRailroad Commission (TRC). He replaces previous chairman TonyGarza. Williams is leading an agency-industry review of thecommission’s regulatory framework. He said, “the world energyindustry is changing dramatically – government needs to change itsapproach as well. With that in mind, the commission can and shouldoperate to allow Texas producers to act faster, operate less costlyand with more flexibility.

September 15, 1999

Burlington, Poco Turn Industry Eyes To Canadian E&P

With its deal to acquire Poco Petroleums for $2.5 billion, Burlington Resources could be leading a charge of U.S. E&P companies heading to Canada for relatively cheap gas assets at a time when Canada is expected to play a large role in meeting strong gas demand growth.

August 23, 1999

GNGS Pulls Neck and Neck with Scana

Georgia Natural Gas Services (GNGS) has equaled or even may haveovertaken Scana as Georgia’s leading marketer in terms of pipelinecapacity share, a GNGS executive said on Monday. With 30% of thepipeline capacity, GNGS is in line to be assigned another 120,000customers when the Georgia Public Service Commission (GPSC)determines random assignment tomorrow.

August 10, 1999

LG&E Picks Up Leading Pipeline Construction Co.

LG&E Energy Corp. positioned itself to take advantage of theexpanding pipeline construction industry last Friday by purchasingCRC Holdings Corp., parent of the pipeline construction equipmentcompany CRC-Evans Pipeline International, for a total of $83.5million. The deal closed last Friday. No layoffs are expected.

July 13, 1999

Canadians Consider Compressed Gas Carried by Ships at Sea

With a strong push from the leading producer offshore ofCanada’s East Coast, an intense development effort is under way ona new marine technology intended to tap natural gas on the GrandBanks of Newfoundland sooner than anyone now thinks possible.Andrew Adams, vice-president in charge of Mobil Oil Canada’sNewfoundland exploration and production business unit, told anindustry conference in St. John’s the technique “looks like it hasgreat potential.”

June 28, 1999

Ships to Carry Gas From Newfoundland to Boston

With a strong push from the leading producer offshore ofCanada’s East Coast, an intense development effort is under way ona new marine technology intended to tap natural gas on the GrandBanks of Newfoundland sooner than anyone now thinks possible.Andrew Adams, vice-president in charge of Mobil Oil Canada’sNewfoundland exploration and production business unit, told anindustry conference in St. John’s the technique “looks like it hasgreat potential.”

June 28, 1999

Analysts Say Producers are Ripe for the Picking

Don’t get sick of merger-mania quite yet, warns All Star Oilanalyst Fadel Gheit. Burlington Resources is leading the next waveof attractive independent oil and gas producers that are ripe fortakeover, he claims.

March 25, 1999