While there are no loan guarantees or other direct subsidies, Canada’s Arctic natural gas project is studded with extras spawned by political aspects of opening up a new supply region with a touchy population.
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Northwest Territories Project Looking for Sponsors
The revival of interest in Canadian Arctic gas has spawned aproject looking for sponsors and support in the NorthwestTerritories. Harvie Andre, a prominent Calgary engineer-businessmanand former conservative member of Parliament, trekked north tosound out the possibilities at the end of October. It was disclosedin northern communities that Andre was dispatched by aninternational group called Alaska Resources Co., with backers suchas Municipal Energy Resources Corp. of Houston.
Northwest Territories Looking for Sponsors
The revival of interest in Canadian Arctic gas has spawned aproject looking for sponsors and support in the NorthwestTerritories. Harvie Andre, a prominent Calgary engineer-businessmanand former Conservative member of parliament, trekked north tosound out the possibilities at the end of October. It was disclosedin northern communities that Andre was dispatched by aninternational group called Alaska Resources Co., with backers suchas Municipal Energy Resources Corp. of Houston.
Trio ‘Volunteer’-ing to Supply Southeast With New Pipe
Burgeoning gas demand in the southeastern United States andChicago’s supply hub status have spawned another pipeline project.The latest comes from Columbia Gulf Transmission, AGL Resources,and MCN Energy Group. The trio last week began a six-week openseason offering up to 250,000 Dth/d of capacity on the proposedVolunteer Pipeline.
Trio Targeting Southeast With New Pipeline
Burgeoning gas demand in the southeastern United States hasspawned another pipeline project. The latest comes from ColumbiaGulf Transmission, AGL Resources, and MCN Energy Group. The trioyesterday began a six-week open season offering up to 250,000 Dth/dof capacity on the proposed Volunteer Pipeline.
PennzEnergy Spawned by Pennzoil, Quaker State
Pennzoil Co. and Quaker State Corp. completed a majorrestructuring designed to separate the companies’ automotivebusinesses from exploration and production operations. Therestructuring includes the spin-off of Pennzoil’s Products Groupand combines the marketing, manufacturing and fast oil changebusinesses of Pennzoil with all of Quaker State. The combinedcompany, Pennzoil-Quaker State Co. trades on the New York StockExchange with the symbol PZL.
Internet Hastening Changes in Business
The Internet has spawned a revolution in the way business isdone that will not ignore the energy industry. In fact, the energyindustry is among the top businesses that will be impacted by theincreased use of the Internet for all types of transactions, saidSteven Bell, an analyst covering business trade and technologystrategies service for Forrester Research.