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Marathon Oil Co., which completed its acquisition of gasproducer Pennaco Energy Inc. earlier this month, expects toincrease its oil and gas production another 3% this year throughexploration and possible acquisitions, said CEO Clarence Cazalot.However, Cazalot was coy about whether parent company USX-MarathonGroup would spin off or sell its growing energy unit this year.

While the political battleground in Florida grew bloodier witheach passing day last week, natural gas pipelines eager to servethe growing market reached a truce agreement of sorts that callsfor Duke Energy and Williams to purchase the proposed GulfstreamNatural Gas System from The Coastal Corp. and ditch their competingBuccaneer Pipeline project for the state.

While the political battleground in Florida grew bloodier witheach passing day last week, natural gas pipelines eager to servethe growing market reached a truce agreement of sorts that callsfor Duke Energy and Williams to purchase the proposed GulfstreamNatural Gas System from The Coastal Corp. and ditch their competingBuccaneer Pipeline project for the state.

Montana Power Co. is no longer in the oil and gas business, after closing last week on the sale of some of its energy assets to PanCanadian Petroleum Ltd. for $475 million in a combination of cash and credit. The assets include oil, natural gas and gas liquids exploration, production and marketing companies in the United States and Canada.

Montana Power Co. is no longer in the oil and gas business,after closing the sale of some of its energy assets to PanCanadianPetroleum Ltd. for $475 million in a combination of cash andcredit. The assets include oil, natural gas and gas liquidsexploration, production and marketing companies in the UnitedStates and Canada.

In an effort to compete with newcomer Vector Pipeline, Coastal’s ANR Pipeline, Great Lakes Gas Transmission and TransCanada PipeLines have joined forces to provide a hub-to-hub transportation service between Chicago, IL, and Dawn, ON.

In an effort to compete with newcomer Vector Pipeline, Coastal’sANR Pipeline, Great Lakes Gas Transmission and TransCanadaPipeLines have joined forces to provide a hub-to-hub transportationservice between Chicago, IL, and Dawn, ON.

Enron Corp., the world’s largest energy trader, and DynegyCorp., which plans to try harder to be the second or third largesttrader in the next few years, reported over-the-top earnings forthe third quarter yesterday, reaping the benefits of skyrocketingenergy prices and a continued focus on asset expansion.

In its first major power sale from its still unfinished merchantenergy plant in Arizona, Calpine Corp. has entered into a five-yearpower sales agreement with the Imperial Irrigation District todeliver 150 MW of electricity from its South Point Energy Center tothe district’s Southern California customers beginning in May 2002.