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The Sable Offshore Energy Project has had to shut downproduction twice since starting operations Jan. 1. The firstincident occurred on Friday, Jan. 7, only a week after gas began toflow, when a sub-sea line started experiencing hydrate problems(essentially ice slug blockage). Then early last week the Sableprocessing plant onshore had to be evacuated because of a gas leakwarning. As of last Friday there was no prognosis on whenproduction would be restarted.

The Sable Offshore Energy Project had to shut down productiontwice since starting operations Jan. 1. The first incident occurredon Friday Jan. 7 only a week after gas began to flow when a subsealine started experiencing hydrate problems (essentially ice slugblockage). Then early last week the Sable processing plant onshorehad to be evacuated because of a gas leak warning. As of lastFriday there was no prognosis on when production would berestarted.

With its stock price depressed since accounting irregularitiescame to light in one of its divisions, Baker Hughes Inc. and two ofits senior officers now have been named in securities fraudlawsuits filed last week in U.S. District Court for the SouthernDistrict of Texas. Suits were filed on behalf of investors whobought Baker Hughes common stock May 3 through Dec. 8.

Since mid-1995, exponential growth of the Internet has broughtthe number of pages on the World Wide Web from about seven millionto approximately 800 million by mid-1999, according to a statisticcited by Gas Industry Standards Board (GISB) Executive Director RaeMcQuade.

Since mid-1995, exponential growth of the Internet has broughtthe number of pages on the World Wide Web from about seven millionto approximately 800 million by mid-1999, according to a statisticcited by Gas Industry Standards Board (GISB) Executive Director RaeMcQuade.

The number of U.S. consumers and small businesses “choosing tohave a choice” in their electric and gas service has doubled sinceJan. 1 to 3 million and is expected to reach 4 million by the endof the century, according to a report by Cambridge Energy ResearchAssociates (CERA).

Not even the best financial quarter since the fourth quarter of1997 could prevent BP Amoco from following through with itsjob-cutting plan as the company said it will cut 2,000 morepredominantly US jobs before the year is over. The integratedenergy giant has already slashed 12,500 jobs from the pay roll. Itwould not elaborate on which US jobs would be eliminated.

It’s been a year since the completion of its C$11 billion mergerwith Nova Corp., but TransCanada Pipelines finally came through onpromised savings yesterday. The pipeline company said it will give$70 million in merger-related savings to its pipeline customersthrough “targeted operating cost reductions.” An agreement on thereductions was filed with Canada’s National Energy Board and theAlberta Energy and Utilities Board yesterday.

There have been 26 natural gas utility mergers announced since1995, with 15 of them coming in the past year and seven in themonth of June alone. And there are “many more” to come, accordingto a Merrill Lynch report released last week.