Ford Powerplant Blast Pressures CMS Project

Construction of a new 710 MW gas-fired cogeneration plant toreplace a 75-year old powerhouse supplying Ford Motor Company’smassive Rouge complex and Rouge Steel Co. in Dearborn, MI, is goinginto overdrive following the explosion of a boiler Tuesday thatkilled one person, critically injured a dozen others and shut downthe old plant.

February 4, 1999

Southern to Increase Non-Utility Investments

Southern Co. is seeking a Securities and Exchange Commissionwaiver of Public Utility Holding Company Act rules so it can doubleits already massive investment program in nonregulated powergeneration assets primarily in North America over the next fewyears.

January 28, 1999

UPR, ARCO Take Large Write-Downs

Union Pacific Resources Group and ARCO warned last week theywill be taking massive asset write-downs and restructuring chargesduring the fourth quarter, reflecting their continuing struggle todeal with low crude oil and gas prices.

January 18, 1999

KeySpan, Gulf Canada Form Midstream Business

KeySpan Energy Development has agreed to acquire a 50% interestin Gulf Canada Resources’ massive midstream gas business in westernCanada for US$189 million and form a new partnership governing GulfMidstream Services (GMS). The partnership will hold interests in 14gas processing plants that handle 1.4 Bcf/d, of which thepartnership’s share is about 750 MMcf/d. It also will hold all ofGulf’s western Canadian pipelines, storage, products facilities andgas and liquids marketing.

November 9, 1998

EIA Sees Massive Gas Market Shift Under Kyoto Treaty

The gas industry’s share of the U.S. energy market is projectedto soar to 35% in 2010 from just 24% in 1996 if the U.S. followsone possible scenario to meet the requirements of the Kyoto Treaty,the Energy Information Administration said in a report to Congress.In contrast, the industry will grab only two percentage points moreof the energy market over that same period without the treaty.

October 19, 1998

Missing Gas Fails to Avert September, October Declines

Even with massive amounts of offshore gas remaining off-lineMonday, the gas markets for both late September and October bidweekchose to pay more attention to bearish fundamentals elsewhere.Except for rises of a nickel or more for deliveries in theNortheast market area, which depends mainly on Gulf Coast supplies,incremental September numbers were falling by a dime or more atmost points.

September 29, 1998

Northern Border Preparing Second Expansion

Before its massive 700 MMcf/d expansion/extension project iseven put in place, Northern Border already is planning to fileanother expansion/extension that would provide shippers with 545MMcf/d of transportation capacity into Indiana markets.

June 1, 1998

May Futures Inch Higher Amid Dull Session

The May Nymex contract continued to slowly rebound from itsmassive price downturn on Monday by closing Wednesday up another2.0 cents at $2.521. Trading was held to an extremely tight range,as the spot month could only post a high of $2.555. Total volumewas estimated at 255,671 contracts.

April 16, 1998
1 14 15 16 Next ›