TransCanada PipeLines is predicting earnings growth of between7% and 10% in 2001 based on stable revenue resulting from a newmainline transmission settlement, the performance of its powerbusiness, and projected cost savings from numerous divestitures,including a cut back in gas marketing.
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Leading Energy Traders Partner in TradeSpark
A stable of some of the leading energy companies have partnered up to form TradeSpark, an electronic marketplace powered by developer eSpeed Inc., that will offer natural gas, electricity, coal, weather derivatives and emissions credits through the Internet, private enterprise or via voice brokers beginning this week.
TradeSpark to Partner Leading Energy Traders
A stable of some of the leading energy companies have partneredup to form TradeSpark, an electronic marketplace powered bydeveloper eSpeed Inc., that will offer natural gas, electricity,coal, weather derivatives and emissions credits through theInternet, private enterprise or via voice brokers beginning Oct. 2.
Newfield Offshore Blowout Capped and Stable
Newfield Exploration Co. announced yesterday that the A-2 gaswell blowout on the Ship Shoal 354 production platform has beencapped and stabilized. The blowout occurred Sept. 9 andself-ignited on Sept. 12. Newfield operates the platform, which islocated about 140 miles south of New Orleans, LA, in 463 feet ofwater. There were no injuries associated with the blowout or thewell capping operations and pollution from the event has beenminimal, the company said.