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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: enerfax@msn.com@ENRON X-To: EnerfaxGOLD@yahoogroups.com X-cc: X-bcc: X-Folder: \LBLAIR (Non-Privileged)\Blair, Lynn\Deleted Items X-Origin: Blair-L X-FileName: LBLAIR (Non-Privileged).pst Enerfax GOLD NORTH AMERICA'S FREE GAS, OIL, LIQUIDS & DERIVATIVES INFORMATION SOURCE Tuesday, November 27, 2001 No. 431 Visit our website at: http://www.enerfaxgold.com/, PETROLEUM PRICES | Bonny Light | $18.66 | Brent | $18.46 | Butane | $ 0.36 | Fuel Oil #2 | $ 0.50 | Louisiana | $19.15 | Medit. | $17.81 | Propane Non-tet | $ 0.29 | Propane Wet-tet | $ 0.29 | W. Tx Int Cush | $18.68 | W. Tx Sour | $16.65 | Euro in US equiv | 0.8804 -------------------------------------------------------- Todays Petro Bulletins * Frontier Oil Appoints William Miller VP Planning and Development * Diamond-Koch III LP Signs Letter of Intent to Sell Interest in Propylene Splitters to Enterprise Products Partners * BP Standardizes on TIBCO Software to Manage Business Processes Across Its Global Energy Trading Businesses * Enbridge to Acquire 25% Interest in Spanish Refined Products Transportation and Storage Business for C$530 Million * Construction of Mexico's First Privately Owned Ethylene Complex Hinges on Availability of Feedstock * DRI-WEFA Predicts A Brief Downturn and Recovery of Oil Prices as Most Likely Scenario * Retail Gasoline Prices Lowest Since July 1999; Down $0.04 to $1.127 Last Week. Dow Chemical Pins Hopes on Software to Cut Costs * Sasol Gas and Tractebel Sign Memoranda of Understanding -------------------------------------------------------- ENERGYMARKS: Offering depth and breadth of transactional data, and uniquely positioned to create leading market indicators for fast-developing competition within North American Gas and Power markets. Available only through FAME Energy, your one-stop shopping for Energy software, analytics and data management solutions. Go to http://www.fame.com/energyMarketing/energyMarks.html for details. -------------------------------------------------------- NYMEX - NY Harbor Heating Oil Month High Low Last Change DEC 01 0.5355 0.5200 0.5217 -0.0125 JAN 02 0.5410 0.5300 0.5316 -0.0119 FEB 02 0.5440 0.5350 0.5371 -0.0114 MAR 02 0.5410 0.5340 0.5341 -0.0104 APR 02 0.5350 0.5325 0.5301 -0.0094 MAY 02 0.5325 0.5290 0.5246 -0.0089 JUN 02 0.5350 0.5300 0.5271 -0.0084 JUL 02 0.5420 0.5390 0.5341 -0.0079 AUG 02 0.5480 0.5480 0.5421 -0.0074 SEP 02 0.5695 0.5655 0.5585 -0.0047 ------------------------------------------------------ NYMEX Crude Oil Futures ($ / Barrel) Month Open High Low Last Change DEC 01 17.15 18.10 16.70 17.72 -0.31 JAN 02 18.80 18.95 17.67 18.69 -0.27 FEB 02 19.00 19.15 18.65 18.88 -0.31 MAR 02 19.10 19.25 18.80 19.03 -0.30 APR 02 19.02 19.40 19.02 19.17 -0.29 MAY 02 19.50 19.50 19.50 19.31 -0.28 JUN 02 19.40 19.60 19.30 19.44 -0.28 JUL 02 19.55 19.57 19.55 19.56 -0.27 AUG 02 19.68 19.70 19.68 19.66 -0.27 SEP 02 19.75 19.75 19.75 19.76 -0.27 ---------------------------------------------------- Crude Oil Futures Rise as US Urges Tighter Controls on Iraq Crude oil rose as much as 1.4% yesterday as the US renewed efforts to force Iraq to allow more weapons inspections, raising concern OPEC's 4th-biggest oil producer may temporarily halt shipments in retaliation. President Bush said the war in Afghanistan is only the beginning of his fight on terrorism and urged Iraq to accept a change to trade sanctions that would tighten control of weapons supply. That may prompt Iraq to refuse to renew a 6-month oil- for-food program that expires Friday. Crude oil for January delivery rose as much as $0.27 to $18.96 per barrel in after-hours NYMEX electronic trading. Oil prices have dropped 29% in the past 3 months as economic slowdown reduced demand. In London, Brent crude oil on the IPE fell $0.92 cents yesterday, or 4.8%, to $18.36 per barrel because of OPEC's failure to persuade Russia to agree to bigger production cuts. ---------------------------------------------------- Power Traders If you like tools, wouldn't it be nice to have one that makes you money? --Profit from Time2Trade(tm) Power Analysts If you like detail, wouldn't it be great to have it all? --AcuPower - Now with Trader & Analyst Consoles For a free trial go to http://www.capacitymap.com/ ------------------------------------------------------- NYMEX Henry Hub Natural Gas Futures 12 Month Strip 2.9671 -0.0711 18 Month Strip 3.0928 -0.0723 | Month | High | Low | Close | Change | | DEC | 2.730 | 2.610 | 2.696 | -0.117 | | JAN | 2.950 | 2.811 | 2.935 | -0.056 | | FEB | 2.990 | 2.865 | 2.982 | -0.054 | | MAR | 2.950 | 2.841 | 2.942 | -0.063 | | APR | 2.880 | 2.796 | 2.875 | -0.070 | | MAY | 2.910 | 2.830 | 2.913 | -0.070 | | JUN | 2.960 | 2.870 | 2.953 | -0.070 | | JUL | 2.990 | 2.920 | 2.990 | -0.070 | | AUG | 3.035 | 2.945 | 3.023 | -0.070 | | SEP | 3.035 | 2.965 | 3.026 | -0.069 | | OCT | 3.055 | 2.990 | 3.045 | -0.072 | | NOV | 3.220 | 3.210 | 3.225 | -0.072 | ---------------------------------------------------- Energy Releases Opt in Email has 9 times the response of regular mail and costs less than the postage. Have your press or news releases sent to over 50,000 energy professionals. For More Information Write Energyreleases@yahoo.com ---------------------------------------------------- World Energy Security and Commerce Forum Representatives from the world's leading energy companies, policy makers and industry experts will gather January 24, 2002 in Washington DC at the World Energy Security and Commerce forum (www.wesc.org) to discuss the new realities facing executives responsible for securing energy assets, transporting them to market and balancing changing political climates. Led by Lawrence Eagleburger, former U.S. Secretary of State, and the CIA's Special unit on Counter-Terrorism, and a distinguished panel of experts, the delegates will detail the costs and threats the energy industry must tackle as the war on terrorism continues in the face of a global economic slowdown. ----------------------------------------------------- GET REAL about energy risk management with KWI In today's fast moving energy markets you need to be able to manage risk in real time. That means knowing before you hit a risk problem, not afterwards when it may be too late to prevent big losses spreading right through your enterprise. With kW3000(tm), our multi-commodity, integrated front to back office software, you can monitor your Profit At Risk(tm), counterparty risk and mark-to-market all in real time. Keep alert to risk. Do it in real time. Call KWI -http://www.kwi.com/ Americas: +1-281-681-3301 / Europe: +44 (0) 20-7386-2700 / Asia Pacific: +61(0) 2-9976-6111 ------------------------------------------------------- IPE-Brent Crude futures (US $/barrel) Month First High Low Sett Chg JAN 02 19.90 20.02 18.60 19.28 -0.62 FEB 02 19.90 19.95 18.58 19.23 -0.60 MAR 02 19.25 19.30 18.80 19.21 -0.55 APR 02 19.25 19.25 18.85 19.23 -0.53 MAY 02 18.88 19.15 18.88 19.30 -0.50 JUN 02 19.16 19.16 19.15 19.37 -0.48 JUL 02 19.25 19.34 19.25 19.44 -0.47 AUG 02 19.34 19.34 19.34 19.51 -0.46 SEP 02 00.00 00.00 00.00 19.58 -0.45 OCT 02 00.00 00.00 00.00 19.65 -0.44 ---------------------------------------------------------- NYMEX-Mont Belvieu Propane Gas Futures($ / Gallon) Month High Low Last Change Dec 01 0.3125 0.2900 0.2925 -0.0175 Jan 02 0.3050 0.2975 0.2975 -0.0225 Feb 02 0.2950 0.2870 0.2950 -0.0150 Mar 02 0.2925 0.2850 0.2925 +0.0000 Apr 02 0.2950 0.2930 0.2950 +0.0025 May 02 0.3125 0.2975 0.2975 +0.0025 Jun 02 0.3240 0.3050 0.3050 +0.0100 Jul 02 0.0000 0.0000 0.3050 +0.0100 Aug 02 0.0000 0.0000 0.3125 +0.0000 Sep 02 0.3250 0.3250 0.3250 +0.0000 ---------------------------------------------------- ENERGY JOB LISTINGS Whether you are actively looking for a job, or want to explore opportunities in the energy industry, go to http://www.energyjobs.com. At Energyjobs.com, your job hunting is made easy, convenient and confidential. Conduct your own search or participate in our Job Match feature, which accurately matches your qualifications, experience and requirements to any new job that appears, and then sends you an e-mail notification! Best of all, membership < is FREE. To register and become a member, simply go to http://www.energyjobs.com/jobseeker_registration_frm.html ---------------------------------------------------- IPE - ARA Gas Oil Futures $ / Tonne Month High Low Sett Change DEC 01 164.75 160.00 162.50 - 5.25 JAN 02 166.50 161.75 164.25 - 5.50 FEB 02 167.00 162.75 165.00 - 5.25 MAR 02 167.50 164.50 165.75 - 5.00 APR 02 167.50 164.75 165.75 - 4.75 MAY 02 000.00 000.00 166.25 - 4.75 JUN 02 167.25 166.00 167.25 - 4.75 JUL 02 169.50 167.75 169.00 - 4.50 AUG 02 171.50 170.50 170.75 - 4.25 SEP 02 172.00 172.00 172.50 - 4.00 ----------------------------------------------------- NY HARBOR UNLEADED GAS FUTURES Month High Low Last Change DEC 01 0.5300 0.5115 0.5217 -0.0056 JAN 02 0.5350 0.5175 0.5268 -0.0058 FEB 02 0.5405 0.5290 0.5353 -0.0061 MAR 02 0.5510 0.5415 0.5458 -0.0066 APR 02 0.6040 0.6040 0.6058 -0.0071 MAY 02 0.6220 0.6200 0.6179 -0.0024 JUN 02 0.6194 0.6194 0.6194 -0.0024 JUL 02 0.6240 0.6210 0.6174 -0.0024 AUG 02 0.6180 0.6180 0.6119 -0.0024 SEP 02 0.6039 0.6039 0.6039 -0.0024 ------------------------------------------------------ ENERGY. @ENERGY(r), FEA's Complete Suite of Energy Products, BUILT FOR THE FUTURE. *Manage all your energy risks. *Build and Price deals. *Value physical assets (generation, storage, etc.) *Report and reduce your energy risks FEA FINANCIAL ENGINEERING ASSOCIATES Inc. http://www.fea.com/ main phone number: 1 510-548-6200 email address: info@fea.com -------------------------------------------------- PHYSICAL GAS PRICES Gulf/Eastern Region | Agua Dulce | 1.55 | | ANR SE | 1.79 | | Carthage TG | 1.81 | | Chicago Citygate | 1.73 | | Columbia Gulf Onshore | 1.73 | | Dominion South Point | 1.75 | | Henry Hub | 1.82 | | Houston Ship Channel | 2.01 | | Katy Hub | 1.94 | | NGPL LA Pool | 1.80 | | NGPL - Midcontinent | 1.80 | | NGPL STX | 1.65 | | NGPL TX/OK | 1.82 | | NNG Demarc. | 2.08 | | Niagara | 2.08 | | Sonat Tier 1 | 1.74 | | TCO IPP Pool | 1.74 | | Tetco ELa | 1.64 | | Tetco M-3 | 1.91 | | Tetco STX | 1.53 | | TGP Zone 0 | 1.58 | | TGP Zone 1 (500 Leg) | 1.62 | | TGT Zone SL | 1.75 | | New York Citygate | 2.07 | | Transco Station 65 | 1.82 | | Transco Zone 6 (NY) | 2.08 | | Trunk ELa | 1.70 | | Western Region | California Border | 2.19 | | El Paso Keystone | 1.98 | | El Paso San Juan-Blanco | 1.97 | | Waha Hub | 2.02 | | Canadian/Rockies Region | Nova/Aeco (C$/gig) | 3.03 | | Dawn Hub/Union | 2.10 | | Northwest Stanfield | 2.18 | | Wyoming Pool | 1.92 | | Opal/Kern River | 1.89 | | PGT-Malin | 2.27 | | Sumas | 2.19 | Flow Date 11/27 ------------------------------------------------ Energy Seminars, Inc. Announces Key Seminar Offerings for November: November 27-28 - Houston Petroleum Products Hedging November 29-30 - Las Vegas Power Techniques for Power Purchasing December 12 - Houston FASB 133 - Accounting for Derivative Instruments and Hedging Activities Is you shop Fully FASB 133 Compliant? Attendees will receive and work with a 535 page guide to FASB Statement 133 and 7.o hours CPE credit. Register on-line at http://www.energyseminars.com or call Registrar Gina Patrick Phone: 281-362-7979 FAX: 281-296-9922 ------------------------------------------------ Dolphin Gas Project Moving Ahead Qatar and Abu Dhabi are expected to sign a $3.5 billion agreement on the inter-Gulf Dolphin natural gas project within a week. Bureaucracy and red-tape had delayed the final signing of a development and production sharing agreement. The DPSA will allow the project sponsor, Dolphin Energy Ltd, to produce up to 2 Bcf per day from a North Field block and transport it via an sub-sea pipeline to Abu Dhabi initially. A 2nd phase would increase production to 3 Bcf per day. DEL will spend $2 billion to drill about 16 wells and build a production platform and treatment facilities and provide an additional $1.5 billion for the construction of a 350 km, undersea pipeline from Qatar to Taweelah, Abu Dhabi. Qatar will own all the condensate, sulfur, NGL and LPG, extracted from the wet gas, and charge $1.30 per MMBtu for the dry gas, which will be exported by DEL. The first delivery of gas to Taweelah is expected in about 2 years. DEL is expected to appoint a financial adviser for the project soon and select a partner to replace Enron, which pulled out of the project. State-owned UAE Offsets Group, which holds a 75.5% stake in DEL, has asked Exxon Mobil, BP, Royal Dutch/Shell, Conoco and Occidental to submit bids for a 24.5% stake in the project, previously held by Enron. The selected firm will be in charge of the building and operation of the subsea pipeline. France's TotalFinaElf, which also holds a 24.5% share, will oversee the upstream section of the project. ----------------------------------------------- Natural Gas Options | | Closing | Days | Implied ATM | | Month | Price | Left | Volatility | | DEC | 2.696 | 2 | 73.28% | ---------------------------------------------- Heating Oil Options | | Closing | Days | Implied ATM | | Month | Price | Left | Volatility | | DEC | 0.5217 | 2 | 50.79% | -------------------------------------------- Unleaded Gas Options | | Closing | Days | Implied ATM | | Month | Price | Left | Volatility | | DEC | 0.5217 | 2 | 50.79% | -------------------------------------------- Angolan LNG Plant May Be Delayed A proposed $2 billion liquid natural gas plant in Angola has been delayed by at least a year due to the merger between Chevron and Texaco and the possible addition of new partners in the project. Texaco, which launched the project about 3 years ago, had scheduled the plant opening in 2005, but it will now likely be 2006. ChevronTexaco and state oil company, Sonangol, expects to announce project partners before entering the engineering and design phase in the next few months. The partners are expected to be BP, TotalFinaElf and ExxonMobil, all of which operate several offshore blocks northeast of the capital, Luanda. The LNG plant will be built on a refinery site operated by TotalFinaElf in northern Luanda. The site has capacity for four trains. The refinery and the 4 million tonne per year LNG plant would save by sharing water, security and other services. ChevronTexaco produces about 600,000 bpd of Angola's total 750,000 bpd output. Since the merger was approved last month, the companies have been mapping out the new companies projects and it is still not clear what priority will be given to the project. Angola is expected to grant approval quickly because of concerns about properly using its gas reserves and eliminating flaring. The gas will be marketed in Europe and the Americas, but will face tough competition from countries such as Nigeria, which leads Angola in sub-Sahara oil production. -------------------------------------------- Deregulation of Texas Power Markets: Early Impact and Rules of Entry is the definitive report on the Texas power marketplace. This full-color report contains: a complete review of Senate Bill 7; detailed analysis of the economics, pitfalls and potential opportunities; market statistics and competitive information; reference and contact information; and graphs, tables and charts for a quick grasp of the Texas marketplace. Order your report on-line from Skipping Stone's Knowledge Mall at http://www.skippingstone.com or call 888-792-2592 ----------------------------------------------------------- FBI Warns of Possible Pipeline Attacks The FBI has warned oil and natural gas companies that Osama bin Laden may have called for an attack on US natural gas facilities if he is captured or killed. Federal investigators received a report of undetermined reliability that natural gas supplies could be targeted. Energy companies already have increased security at pipelines, refineries, nuclear power plants and other facilities. ------------------------------------------------------- Energy Sponsor Become the Official Sponsor of the Enerfax Publications. This unique opportunity is limited to one special company or organization. For more information please write sponsor@enerfax.com -------------------------------------------------------- Possible Law Suits Could Threaten OPEC Production Cut If oil companies like Venezuela's PDVSA, Mexico's Pemex, Norway's Statoil and Russia's Lukoil join OPEC in cutting exports in order to lift oil prices, they could become the target of lawsuits by airlines for price fixing. If the proposed cut in exports is judged to be an illegal conspiracy under US antitrust statutes, direct purchasers could sue for treble damages. Citgo could be a target because it sells jet fuel directly to airlines. It has been rumored that at least 2 airlines are considering legal action. Such an action would certainly be a threat to OPEC's plans to cut another 1.5 million bpd to raise sagging prices, but the deal hinges on the cooperation of non-OPEC producers. Private companies exposure to legal action would be greater than OPEC states, which claim exemption from antitrust laws as sovereign nations. Private lawsuits could prevent accused oil firms from operating in US capital markets or acquiring US assets. -------------------------------------------------------- Baker Hughes Rig Counts The number of rigs searching for oil and natural gas in the US fell by 7 to 986 last week, according to Baker Hughes. There were 1064 a year ago. The number of rigs exploring in Canada was down 14 to 254, compared to 380 last year. The number in the Gulf of Mexico was unchanged at 129, compared to 141 a year ago. The number of rigs searching on land was 832, down 8, and the number of offshore rigs was steady at 134. There were 20 inland rigs, up one. The total North American rig count dropped by 21 to 1,240, compared to 1,444 a year ago. The number of rigs searching for oil fell by 1 to 172, and the number searching for natural gas dipped 6 to 814. -------------------------------------------------------- FINANCIAL SUMMARY The TSE 300 was up 34.00 points to 7466.43 The CRB Index lost 0.59 points to 189.53 The US Dollar dropped 0.36 points to 116.98 The Dow advanced 23.67 points to 9982.75 The S&P 500 added 7.08 points to 1157.72 The Nasdaq increased 38.03 points to 1941.23 January NYMEX Crude Oil lost 0.27 to 18.69 Canadian-US Exchange rose 0.048 to 1.5981 ------------------------------------------------------ Please Welcome Our Advertisers by Visiting These Websites! http://www.fea.com/ http://www.kwi.com/ http://www.capacitymap.com/ http://www.fame.com http://www.energyseminars.com http://www.energyjobs.com Enerfax Gold is the North America's Gas, Oil, Liquids and Derivatives information source. It is sent to you free of charge. Enerfax Gold may be copied and redistributed in its entirety to all interested energy professionals. Please send us the e-mail addresses of other energy professionals that would like to be added to Enerfax Gold's growing distribution list of thousands of energy professionals in the US and Canada at subscribegold@enerfax.com The information contained herein was obtained from sources which Enerfax Gold believes to be reliable, but does not guarantee its accuracy. Your support of our advertisers is greatly appreciated and will keep Enerfax Gold free. Thank you. Your comments are welcome. For information on advertising, please write advertising@enerfax.com Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
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