Stepped

Calgary-based Enbridge Inc. stepped forward last week at a meeting of the Wyoming Natural Gas Pipeline Authority with a bold plan for a Wyoming-to-Chicago citygate gas pipeline proposal. Company officials said the 1 Bcf/d project most likely would not be in place before 2007.

President Bush has signed an executive order that calls for an existing interagency task force to take steps to speed up permitting of repairs to both natural gas and liquid product pipelines.

President Bush last week signed an executive order that calls for an existing interagency task force to take steps to speed up permitting of repairs to both natural gas and liquid product pipelines.

John N. Seitz stepped down Tuesday as president and chief executive officer of Anadarko Petroleum due to concern over the independent producer’s steady loss of stock value, the company said.

The New York Mercantile Exchange (Nymex) stepped up the competition with IntercontinentalExchange (ICE), the energy industry’s most widely used electronic over-the-counter (OTC) energy trading platform, by announcing plans to introduce its own trading platform designed for the OTC energy market. The system begins beta testing this week and will be launched in January.

The New York Mercantile Exchange (Nymex) stepped up the competition with IntercontinentalExchange (ICE), the energy industry’s most widely used electronic over-the-counter (OTC) energy trading platform, by announcing plans to introduce its own trading platform designed for the OTC energy market. The system begins beta testing next week and will be launched in January.

Petro-Canada stepped forward as the first Canadian natural-gas supplier to disclose its share of the impact from Enron Corp.’s collapse, while efforts got under way to minimize the damage north of the border. Petro-Canada told its stockholders it has made a provision for “outstanding receivables” that will cut its fourth-quarter earnings by about C$15 million (US$9.6 million). The company said that it has switched 115 MMcf/d of production away from Enron to other gas traders without disrupting operations.

Petro-Canada stepped forward as the first Canadian natural-gas supplier to disclose its share of the impact from Enron Corp.’s collapse, while efforts got under way to minimize the damage north of the border. Petro-Canada told its stockholders it has made a provision for “outstanding receivables” that will cut its fourth-quarter earnings by about C$15 million (US$9.6 million). The company said that it has switched 115 MMcf/d of production away from Enron to other gas traders without disrupting operations.

As part of a stepped-up Capitol Hill investigation into the financial breakdown of the once-powerful Enron Corp., the chairmen of two House panels have called on the energy trader’s outside auditor, Arthur Andersen LLP, to turn over audit records and to make certain employees available to committee staff for interviews. They also have asked former Enron CEO Jeffrey Skilling to be on hand for a visit.