Succeeded

In less than two months, BP Amoco Canada succeeded in unloadingall of its crude oil producing properties in Canada in an effort tolower costs and focus on natural gas, gas liquids andpetrochemicals. The company said last week it signed agreements tosell its heavy oil operations to Canadian Natural Resources andPenn West Petroleum for C$1.6 billion.

In less than two months, BP Amoco Canada has succeeded inunloading all of its crude oil producing properties in Canada in aneffort to lower costs and focus on natural gas, gas liquids andpetrochemicals. The company sold the high-cost heavy oil operationsto Canadian Natural Resources and Penn West Petroleum for C$1.6billion. The assets include five major fields, which currentlyproduce a total of 54,300 b/d of oil and liquids and 75 MMcf/d ofgas. About 250 employees will be affected by the sale, but many areexpected to sign on with the two buyers, said Dan Kane, spokesmanfor BP Amoco Canada.

Six marketers have succeeded in obtaining most of the Georgiagas market share, with Scana and Georgia Natural Gas Services(GNGS), the Atlanta Gas Light affiliate, emerging as definitivewinners, according to a study performed by Xenergy, the New YorkState Electric & Gas affiliate.

Six marketers have succeeded in obtaining most of the Georgiagas market share, with Scana and Georgia Natural Gas Services(GNGS), the Atlanta Gas Light affiliate, emerging as definitivewinners, according to a study performed by Xenergy, the New YorkState Electric &amp Gas affiliate.

Don D. Jordan, chairman and CEO of Reliant Energy, will besucceeded by R. Steve Letbetter as CEO June 1. Jordan will remainchairman of the board until Dec. 31, 2000.

The Federal Energy Regulatory Commission has succeeded incontriving an order (No. 587-G) that the natural gas industryalmost universally opposes, which is not that rare. What is rare,however, is the unanimity among pipelines, distributors, producersand end users on what is wrong with the Commission’s mandate thatall pipeline transactions be conducted over the Internet byelectronic data interchange (EDI) by June 1, 1999.