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Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: enerfax1 <enerfax@msn.com< X-To: EnerfaxGOLD@yahoogroups.com X-cc: X-bcc: X-Folder: \Paul_Luchi_Jan2002_1\Lucci, Paul T.\Deleted Items X-Origin: Luchi-P X-FileName: plucci (Non-Privileged).pst Enerfax GOLD NORTH AMERICA'S FREE? GAS, OIL, LIQUIDS & DERIVATIVES INFORMATION SOURCE Thursday, December 20 2001? No. 448 Visit our website at: http://www.enerfaxgold.com/, PETROLEUM PRICES ??? | Bonny Light | $19.01 | Brent | $18.87 | Butane | $ 0.36 | Fuel Oil #2 | $ 0.56 | Louisiana | $19.60 | Medit. | $18.22 | Propane Non-tet | $ 0.32 | Propane Wet-tet | $ 0.32 | W. Tx Int Cush | $19.48 | W. Tx Sour | $19.20 | Euro in US equiv | 0.9006 ------------------------------------------------------------- Todays Petro Bulletins * US Trade Deficit Surges in October * Japan Considers Ethanol to Cut Greenhouse Gas Emissions * Canadian 88 Energy President and CEO Joseph Pritchett to Retire * Iran Says Oil Tanker Intercepted by US in Persian Gulf * ExxonMobil Awarded License for World's Largest SCANfining Unit * Canadian Natural Cuts Heavy Oil Output by 15,000 bpd * Valero Energy Corporation and Ultramar Diamond Shamrock Corporation Set Election Form Deadline of December 27th * EXCO Completes $33.8 Million Property Acquisition * Caminus Licenses Full Product Suite to Eni; Agreement with Largest Italian Energy Producer Extends Caminus' Leadership in Europe ------------------------------------------------------------- NYMEX - NY Harbor Heating Oil? ? ? ? ? ? Month ??High ??Low? ? Last ? Change Jan 02 0.5725 0.5600 0.5613 +0.0000 Feb 02 0.5780 0.5670 0.5679 +0.0000 Mar 02 0.5770 0.5645 0.5669 +0.0000 Apr 02 0.5700 0.5620 0.5624 +0.0000 May 02 0.5740 0.5559 0.5559 +0.0000 Jun 02 0.5660 0.5564 0.5564 +0.0000 Jul 02 0.5730 0.5619 0.5619 +0.0000 Aug 02 0.5790 0.5684 0.5684 +0.0000 Sep 02 0.5850 0.5764 0.5764 +0.0000 Oct 02 0.5920 0.5849 0.5849 +0.0000 ------------------------------------------------------------- NYMEX Crude Oil Futures ($ / Barrel) Month ?Open ?High ??Low ?Last Change Feb 02 19.85 20.18 19.77 19.80 +0.20 Mar 02 20.05 20.40 20.02 20.05 +0.26 Apr 02 20.35 20.44 20.16 20.16 +0.24 May 02 20.20 20.50 20.20 20.26 +0.21 Jun 02 20.55 20.65 20.35 20.36 +0.21 Jul 02 20.53 20.63 20.43 20.43 +0.18 Aug 02 20.55 20.78 20.50 20.50 +0.24 Sep 02 20.30 20.57 20.30 20.57 +0.17 Oct 02 20.35 20.85 20.64 20.64 +0.17 Nov 02 19.95 20.70 19.95 20.70 +0.17 ------------------------------------------------------------- Crude Oil Futures Continue to Rally Crude oil futures for February delivery on the NYMEX rose $0.20 to $19.80 per barrel yesterday, rallying almost $2.00 over the past 3 sessions. Colder weather in the Northeast and an expected production cut by the worlds largest oil producers combined to lift crude oil prices. The EIA and API both reported a decrease in inventories last week. However stockpiles of oil and products are still near 2-year highs after the September 11th tragedy plunged the US into a recession that sharply lowered petroleum demand. EIA data shows that distillate demand is 6.5% lower than a year ago. Meanwhile, the API says that total US oil demand in November dipped to the lowest level for the month in 3 years. The onset of winter weather in the Northeast helped to lower distillate stocks by 1.6 million barrels last week, for only the 2nd time since late September. US refiners have been shipping excess heating oil to Europe and cutting back refinery operations, which lowered surplus of refined products. The prospect that OPEC and non-cartel members would trim about 2 million bpd in exports also provided support for the market. Although a final decision on the amount of the production cut will not be made until the ministers meet on December 28th in Cairo. Heating oil futures for January delivery on the NYMEX climbed $0.0144 to $0.5613 per gallon. January gasoline futures on the NYMEX gained $0.0077 to $0.5581 per gallon. In London, Brent crude oil futures for February delivery on the IPE were up $0.29 to $19.47 per barrel. ------------------------------------------------------------- ????????????????????????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 ?2.8038 -0.0528? ? ? ? 18 Month Strip ?2.9112 -0.0490? ? ? | Month | High | Low | Close | Change | | JAN | 2.730 | 2.590 | 2.616 | -0.041 | | FEB | 2.760 | 2.630 | 2.650 | -0.062 | | MAR | 2.750 | 2.640 | 2.658 | -0.061 | | APR | 2.730 | 2.630 | 2.643 | -0.056 | | MAY | 2.770 | 2.700 | 2.695 | -0.056 | | JUN | 2.830 | 2.760 | 2.755 | -0.053 | | JUL | 2.865 | 2.810 | 2.798 | -0.054 | | AUG | 2.915 | 2.840 | 2.841 | -0.054 | | SEP | 2.905 | 2.860 | 2.846 | -0.049 | | OCT | 2.925 | 2.870 | 2.868 | -0.049 | | NOV | 3.120 | 3.060 | 3.053 | -0.049 | | DEC | 3.290 | 3.240 | 3.223 | -0.049 | ------------------------------------------------------------- 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 ------------------------------------------------------------- Venezuela Seeks LNG Deal Venezuela hopes to sign a 4 million tonne per year LNG deal with a joint venture by Exxon Mobil, Shell, Mitsubishi and state-owned Petroleos de Venezuela, which was formed to capitalize on growing demand from the Atlantic Basin. The countrys 1st LNG exports could occur within the next 6 years if the project moves forward quickly enough. Venezuela has tried for over a decade to make a deal to export natural gas from its offshore Paria region near Trinidad. The Venezuelan project has languished because of rapidly growing LNG exports from countries such as Trinidad and Nigeria. Some say predictions of rising demand in Europe and US has given Venezuelan LNG exports a small window of opportunity. However, if Venezuela latches on to a partner with power generation capabilities, it would create an integrated project with a guaranteed market. The South American nation is also considering building a large industrial hub near Guiria to link natural gas from the offshore Paria and nearby Deltana areas to a LNG plant, from which it could travel west for domestic use and fuel proposed petrochemical and chemical plants. ------------------------------------------------------------- ??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 $/barrel) Month ?First ?High ?Low ??Sett ?Chg FEB 02 19.28 19.76 19.25 19.47 +0.29 MAR 02 19.15 19.56 19.15 19.30 +0.25 APR 02 19.22 19.56 19.22 19.30 +0.23 MAY 02 19.25 19.55 19.25 19.36 +0.22 JUN 02 19.37 19.66 19.37 19.46 +0.20 JUL 02 19.52 19.70 19.52 19.54 +0.18 AUG 02 19.58 19.86 19.58 19.64 +0.18 SEP 02 19.73 19.73 19.73 19.73 +0.17 OCT 02 19.81 19.81 19.81 19.81 +0.17 NOV 02 19.85 19.87 19.85 19.87 +0.17 ------------------------------------------------------------- NYMEX-Mont Belvieu Propane Gas Futures($ / Gallon) Month ? ?High ??Low ??Last ? Change Jan 02 0.3250 0.3225 0.3250 +0.0060 Feb 02 0.3250 0.3195 0.3250 +0.0060 Mar 02 0.3275 0.3275 0.3275 +0.0075 Apr 02 0.3325 0.2950 0.3325 +0.0050 May 02 0.3375 0.3100 0.3375 +0.0025 Jun 02 0.3375 0.2900 0.3375 +0.0025 Jul 02 0.3425 0.2950 0.3425 +0.0025 Aug 02 0.3475 0.3100 0.3475 +0.0025 Sep 02 0.3600 0.3275 0.3600 +0.0025 Oct 02 0.3600 0.3275 0.3600 +0.0025 ------------------------------------------------------------- Husky's White Rose Oil Project Gains Governmental Approval Husky Energy has gained governmental approval for the $1.5 billion White Rose oil field off Newfoundland, making it the province's 3rd major offshore project. Husky said it would review 38 conditions attached to the approval before making its own decision to proceed, probably within 3 months. The company is the operator and owns 72.5% of the 230 million barrel project, which is about 220 miles east of St. John's. Petro-Canada owns the remaining share of White Rose. If the companies decide to proceed, production would begin in late 2004. Output is expected to climb to 100,000 bpd. Current plans call for the field to be developed using a floating production, storage and offloading vessel. The project would follow the nearby Hibernia project, which began operation in 1997, and Terra Nova, scheduled to start soon following delays and cost overruns. As part of the 38 conditions, Husky must provide a more complete analysis of oil and natural gas reserves in sections of White Rose by 2007. The floating production, storage and offloading vessel must also allow room for a possible natural gas processing plant, because the field contains major reserves of natural gas which are not part of the current development plan, regulators said. Husky estimates the natural gas reserves at 2 Tcf, while the Canada-Newfoundland Offshore Petroleum Board puts the number at 3.1 Tcf. ------------------------------------------------------------- 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 JAN 02 173.75 168.50 172.50 + 4.25 FEB 02 175.25 171.25 173.75 + 3.25 MAR 02 175.00 172.00 174.00 + 3.50 APR 02 174.75 172.75 174.75 + 3.75 MAY 02 175.25 172.50 174.75 + 3.25 JUN 02 176.00 173.25 175.25 + 2.75 JUL 02 176.75 176.75 176.75 + 3.00 AUG 02 178.25 178.25 178.25 + 3.00 SEP 02 179.75 179.75 179.75 + 3.00 OCT 02 181.00 181.00 181.00 + 2.75 ------------------------------------------------------------- NY HARBOR UNLEADED GAS FUTURES Month? ?High ? Low ???Last ??Change Jan 02 0.5680 0.5560 0.5581 +0.0000 Feb 02 0.5790 0.5660 0.5676 +0.0000 Mar 02 0.5890 0.5760 0.5788 +0.0000 Apr 02 0.6460 0.6388 0.6388 +0.0000 May 02 0.6475 0.6430 0.6430 +0.0000 Jun 02 0.6470 0.6430 0.6430 +0.0000 Jul 02 0.6430 0.6390 0.6390 +0.0000 Aug 02 0.6350 0.6310 0.6310 +0.0000 Sep 02 0.6185 0.6175 0.6185 +0.0000 Oct 02 0.5960 0.5840 0.5960 +0.0000 ------------------------------------------------------------ JP Morgan Acknowledges Greater Secured Enron Exposure JP Morgan Chase says its stake in Enron that is secured by assets is $965 million, or more than twice the amount it previously disclosed. JP Morgan has filed lawsuits against several top insurance companies that issued contracts, or surety bonds, guaranteeing Enron assets. It has sued insurers including: Chubb Corp, CNA Financial and Citigroups Travelers Property Casualty unit. JP Morgan has also acknowledged about $600 million in unsecured exposure to Enron. The surety bonds at the heart of JP Morgan Chase's lawsuits against its insurers were issued to guarantee obligations of Enron North America and Enron Natural Gas Marketing under prepaid forward natural gas and crude oil contracts. In addition, JP Morgan says a European financial institution has failed to pay it on a $165 million letter of credit backing an Enron-related swap contract. ------------------------------------------------------------ Get familiar with oil-gasoline.com, inc. This web site ranks among the favorite sites for petroleum company executives. In 2002, the corporation plans to run an interactive crude oil model to provide the latest status of world-wide supply and demand. You will want to bookmark this one! ------------------------------------------------------------- Canadian Natural Delays Heavy Oil Production Canadian Natural Resources has said that low oil prices for heavy crude have led it to cut production and delay drilling. The company, which has operations in Canada, the North Sea and west Africa, said it had cut Alberta heavy oil production this month by 15,000 bpd, and that the cut would remain in place until prices improve. The company said that the reduction of the high cost heavy crude represents about 4% of its current overall oil and natural gas production of 365,000 bpd of oil equivalent. Canadian Natural will fund drilling in only 20 heavy oil wells next year, compared with 91 this year. The slumping petroleum market has also led to the postponement of its Primrose, Alberta SAGD project until next spring. SAGD is a process which pumps steam into the earth to heat up the crude, allowing it to flow to the surface. Canadian heavy crude carries a big discount because it requires an extensive refining process to turn it into gasoline and other petroleum products. The company said if prices improve by the end of the first quarter, it will bring much of the idle production back on-line quickly. In the meantime, Canadian Natural has completed a 35 mile extension to its 95 mile ECHO heavy oil pipeline in Alberta, providing access to transportation for some of its production properties. The line, which transports heated heavy oil, allows the company to ship 57,000 bpd to an interconnection with an Enbridge pipeline to the Midwest and an Alberta Energy Express line to the Rocky Mountain region. ------------------------------------------------------------- ??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/?cId=14 main phone number:? 1 510-548-6200 email address: info@fea.com ------------------------------------------------------------- PHYSICAL GAS PRICES? ? ? Gulf/Eastern Region | Agua Dulce | 2.48 | | ANR SE | 2.57 | | Carthage TG | 2.57 | | Chicago Citygate | 2.57 | | Columbia Gulf Onshore | 2.59 | | Dominion South Point | 2.77 | | Henry Hub | 2.62 | | Houston Ship Channel | 2.61 | | Katy Hub | 2.55 | | NGPL LA Pool | 2.55 | | NGPL - Midcontinent | 2.44 | | NGPL STX | 2.50 | | NGPL TX/OK | 2.54 | | NNG Demarc. | 2.49 | | Niagara | 2.84 | | Sonat Tier 1 | 2.57 | | TCO IPP Pool | 2.75 | | Tetco ELa | 2.58 | | Tetco M-3 | 3.05 | | Tetco STX | 2.50 | | TGP Zone 0 | 2.50 | | TGP Zone 1 (500 Leg) | 2.57 | | TGT Zone SL | 2.59 | | New York Citygate | 3.09 | | Transco Station 65 | 2.67 | | Transco Zone 6 (NY) | 3.09 | | Trunk ELa | 2.53 | | Western Region | California Border | 2.59 | | El Paso Keystone | 2.44 | | El Paso San Juan-Blanco | 2.41 | | Waha Hub | 2.48 | | Canadian/Rockies Region | Nova/Aeco (C$/gig) | 3.46 | | Dawn Hub/Union | 2.78 | | Northwest Stanfield | 2.46 | | Wyoming Pool | 2.31 | | Opal/Kern River | 2.32 | | PGT-Malin | 2.62 | | Sumas | 2.49 | Flow Date 12/20 ------------------------------------------------------------- ?Energy Seminars, Inc. Announces Key Seminar Offerings for January: Energy Seminars will be going to Florida and Calgary in 2002! Click to www.energyseminars.com to see our 2002 schedule. Register on-line at http://www.energyseminars.com or call Registrar Gina Patrick Phone: 281-362-7979 FAX: 281-296-9922 ------------------------------------------------------------- ChevronTexaco Establishes Gulf Lubricants ChevronTexaco has established a new lubricants company aimed at offering low price oils and greases directly to the customers. The new company will be known as Gulf Lubricants and will be headquartered in San Ramon, California. It has distribution facilities in Houston and Chicago. Financial details were not disclosed. Gulf Lubricants products initially will be available to customers in the Midwest, with the company expanding its delivery capabilities across the nation in 2002. ------------------------------------------------------------- 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 -------------------------------------------------------------- FINANCIAL SUMMARY The TSE 300 dipped 35.38 points to 7501.09 The CRB Index dropped 0.66 points to 189.67 The US Dollar added 0.38 points to 115.75 The Dow advanced 71.34 points to 10070.49 The S&P 500 gained 6.64 points to 1149.56 The Nasdaq was down 17.31 points to 2004.76 February NYMEX Crude Oil rose 0.20 to 19.80 Canadian-US Exchange added 0.0012 to 1.5742 ------------------------------------------------------------- Please Welcome Our Advertisers by Visiting These Websites! http://www.fea.com/ http://www.kwi.com/ http://www.capacitymap.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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