Liquefied natural gas imports to the United States continued onthe upswing yesterday with Coral Energy’s announcement it is buyinga whopping 29 Bcf in 11 cargoes FOB from Oman LNG LLC for shipmentin 2000 and 2001. The LNG will be loaded at Oman LNG’s plant atQalhat, Sultanate of Oman, for delivery into CMS Energy Corp.’s CMSTrunkline LNG terminal in Lake Charles, LA. Coral chartered thevessel LNG Arzew from Shell Bermuda (Overseas) Ltd. to carry theLNG. Terms of the agreements were not released. A Coral spokesmansaid no other details were available about the transaction.
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Articles from States
Court Approves Forcenergy Bankruptcy Plan
Independent producer Forcenergy Inc. of Miami said itsbankruptcy reorganization plan was approved Oct. 22 by the UnitedStates Bankruptcy Court for the Eastern District of Louisiana. Aconfirmation hearing is scheduled for Dec. 13. On Nov. 16 thebankruptcy court extended the time period for which only thecompany has the exclusive right to file a plan of reorganization.No other plan has been submitted or can be submitted during thecompany’s exclusivity period.
Court Approves Forcenergy Bankruptcy Plan
Forcenergy Inc. of Miami said its bankruptcy reorganization planwas approved Oct. 22 by the United States Bankruptcy Court for theEastern District of Louisiana. A confirmation hearing is scheduledfor Dec. 13. On Nov. 16 the bankruptcy court extended the timeperiod for which only the company has the exclusive right to file aplan of reorganization. No other plan has been submitted or can besubmitted during the company’s exclusivity period.
Drilling Fast and Furious In Canada
Amid confirmation that volumes of exports to the United Statesare on the rise and confident predictions that prices will staystrong, Canadian natural gas drilling is accelerating rapidly. Thenumber of gas-well completions in western Canada is expected to hitat least 8,200 next year.
Drilling Fast and Furious In Canada
Amid confirmation that volumes of exports to the United Statesare on the rise and confident predictions that prices will staystrong, Canadian natural gas drilling is accelerating rapidly. Thenumber of gas-well completions in western Canada is expected to hitat least 8,200 next year.
Semco Grows in Construction, Engineering
Semco Energy Inc. of Port Huron, MI, broadened its presence inthe southern United States by acquiring two construction companiesand an engineering firm that provide services mainly to gas andtelecommunications companies.
Mexico Establishes Another Distribution Zone
Mexico’s energy regulatory commission (CRE) created thePuebla-Tlaxcala geographic zone for gas distribution. The zonecovers 51 municipalities in the two states. An investment of about$50 million is expected to develop the project, and Gaz de Francehas expressed an interest.
Industry Briefs
Northern States Power Co. issued a request for proposals (RFP)for up to 1,200 MW of power generation capacity and associatedenergy for a period of 10 years, beginning sometime between May 1,2003, and May 1, 2005. NSP will use the additional resources tomeet increased retail customer demand. NSP is seeking peaking,intermediate and base-load resources. The RFP is open to allsources of power, including renewable resources. NSP will selectwinning proposals based on cost, environmental impact and deliveryguarantees. Before awarding the contract(s), NSP will submit theevaluation of the proposals to the Minnesota Public UtilitiesCommission (MPUC) for review. For a copy of the RFP or moreinformation, contact David L. Zuck at (612) 330-6452. He also maybe reached via fax, (612) 330-5868, or e-mail,david.l.zuck@nspco.com.
Poco Petroleums to Drill Hot Chevron Prospects in Canada
Thanks partly to decisions in the United States, Canadians areturning up the heat under hot drilling plays along the Albertafoothills of the Rocky Mountains and in northeastern BritishColumbia. Chevron Canada’s western exploration manager, LarryStewart, revealed to a session of financial analysts howAmerican-held hot prospects of filling expanding export pipelinesare being opened up to Canadian-owned firms.
Poco Petroleums to Drill Hot Chevron Prospects
Thanks partly to decisions in the United States, Canadians areturning up the heat under hot drilling plays along the Albertafoothills of the Rocky Mountains and in northeastern BritishColumbia. Chevron Canada’s western exploration manager, LarryStewart, revealed in a session of financial analysts howAmerican-held hot prospects of filling expanding export pipelinesare being opened up to Canadian-owned firms.