Resume

Duke Energy Gas Transmission (DEGT) said it will resume operations Tuesday at two of the three storage caverns that were taken out of service following the explosion and fire at its rural Liberty County, TX, facility more than three months ago.

Duke Energy Gas Transmission (DEGT) said it will resume operations Tuesday at two of the three storage caverns that were taken out of service following the explosion and fire at its rural Liberty County, TX, facility more than three months ago.

Atlantic LNG, the largest exporter of liquefied natural gas (LNG) to the United States, resumed shipments Wednesday from Trinidad and Tobago, following the conclusion of a two-day strike by tugboat workers over wages.

ChevronTexaco Inc. (CVX) on Friday said it was unwilling to resume oil production in Nigeria after a series of ethnic clashes forced evacuation earlier this month. Royal Dutch/Shell Group stopped its production in the western Niger Delta last Wednesday, and also has not decided when to return to the region.

After four straight days of declines — a total drop of $1.26 — April futures may have begun to stage a reversal on Friday, moving up 14.9 cents to $6.993 on some short covering and additional buying interest. The daily high Friday was $7.110 and the low was $6.870. The increase was just enough to prolong the uncertainty and to keep the record highs of two weeks ago fresh in traders’ minds.

Although no one can tell what sort of business it will be, Enron Corp. traders are expected to begin work soon under their UBS Warburg Energy banner “NetCo” once the Swiss-based investment banker officially takes over. The deal is scheduled to close as early as this week, but it still may be several weeks before actual trading can begin.

Although many might want Enron Corp.’s once remarkable trading platform to resume as soon as possible, several factors may delay a quick start-up of the proposed UBS AG-Enron wholesale trading arm. The two companies may have come to terms in a 10-year deal, but the transaction faces the scrutiny and ultimate decision of the bankruptcy court handling Enron’s case and several federal authorities. It also faces the blessing of creditors, who would have 10 days following a court’s decision to appeal.

Although many might want Enron Corp.’s once remarkable trading platform to resume as soon as possible, several factors may delay a quick start-up of the proposed UBS AG-Enron wholesale trading arm. The two companies may have come to terms in a 10-year deal, but the transaction faces the scrutiny and ultimate approval of the bankruptcy court handling Enron’s case and several federal authorities. It also faces the blessing of creditors, who could appeal any decision, and because of the legalities involved and the witch hunt going on in Washington, many analysts remain tight-lipped about the deal.

TradeSpark, one of the Cantor Fitzgerald family of companies which suffered devastating losses in the collapse of the World Trade Center, expects to be open for business “when financial and commodity markets re-open on Monday,” the company said in an announcement Friday.