The Commerce Commission of New Zealand, voicing concern that onecompany would control the country’s natural gas markets, onThursday rejected the takeover by Royal Dutch/Shell Group andApache Corp. of Fletcher Challenge Energy, the country’s largestenergy exploration company. For the moment anyway, a rejected bidwould end Houston-based Apache’s attempt to increase its Canadianholdings.
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NiSource Announces Merger Job Cuts
NiSource Inc. is losing no time in preparing for the expectedNov. 1 completion of its Columbia Energy acquisition, announcingThursday that about 5% or 800 of the employees of the two companieshave been notified their positions will be eliminated Dec. 1.
October 13, 2000
New Book Points to Market Controls
Regulators can be expected to add more controls on natural gasand power risk management, which will add a layer of complexity anddiscourage new hedging operations, according to two close observersof the industry.
October 13, 2000
The ICE Skates Into Crude, Refined Oil Markets
Things are skating along for the Atlanta-based IntercontinentalExchange, “The ICE,” which yesterday said that it has expanded itstrading platform to now include global crude and refined oilproducts. Natural gas and power are expected to slide into playbefore the end of the year. Trading in those markets was to beginimmediately.
October 13, 2000
Canada Charges Up Fuel Cell Research
Canada’s fuel cell industry got a charge this week when theboard of directors of Fuel Cells Canada inaugurated a privatesector, not-for-profit organization designed to offer services andsupport to developers.
October 13, 2000
Sempra to Save TX Air Force Base $254,000/Year
In an effort to comply with Executive Order 13123, which statesthat government agencies must cut energy use 30% by 2005 and 35% by2010, based on 1985 emission levels, Goodfellow Air Force Baselocated in San Angelo, TX, has entered a 15-year energy savingsagreement with Sempra Energy Solutions (SES).
October 13, 2000
EGNB Awards WPS Transportation Capacity
Enbridge Gas New Brunswick (EGNB) has entered into a three yeardeal whereby Green Bay, WI,-based WPS Energy Services will assumecontrol of EGNB’s transportation capacity on Maritimes andNortheast Pipeline.
October 13, 2000
PJM Seeks RTO Status, Owners Pledge Upgrade
In seeking FERC certification as a regional transmissionorganization (RTO) yesterday, PJM Interconnection LLC and its ninetransmission owners claimed the regional independent systemoperator (ISO) already possesses the characteristics and functionsrequired by the Commission’s Order 2000 to qualify as an RTO.
October 13, 2000
Dynegy Winning Bidder in MMS Gas Pilot
Houston-based Dynegy Marketing and Trade has beat out some ofthe top natural gas producers in the nation in the latest round ofbidding for Minerals Management Service’s royalty-in kind gasproduced from federal leases in the Gulf of Mexico.
October 13, 2000
Transportation Note
Questar canceled Thursday the shut-in of its Clay Basin storagefacility that had been scheduled for Oct. 24-25. The maintenancework will be rescheduled next spring.
October 13, 2000
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