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----- Original Message ----- From: <gasnews@mail.energycentral.com< To: <jbelcher@chemweek.com< Sent: Thursday, June 07, 2001 7:52 PM Subject: Daily Gas News - 6/8/01 < < ______________________________________________________________________ < < ENERGY CENTRAL GAS NEWS FOR 6/8/01 - 23 NEW ITEMS < ______________________________________________________________________ < < ** TO CHANGE TO THE HTML-ENHANCED VERSION OF THIS SERVICE - < ** go to http://www.energycentral.com/sections/services < < For more news visit us at http://www.energycentral.com/sections/gasnews. < See the end of this message for information on submitting press releases, < subscribing/unsubscribing, advertising and other Energy Central products. < < ______________________________________________________________________ < < ENERGY CENTRAL NEWS SPONSOR < ______________________________________________________________________ < < Free 2-week trial to Restructuring Today is available to Energy < Central users. You can now receive the content for this < publication through the Energy Central web site. Visit < http://www.energycentral.com/sections/publications/ to start your < trial. < < ______________________________________________________________________ < < ENERGY CENTRAL NEWS SPONSOR < ______________________________________________________________________ < < COMPETITIVE INTELLIGENCE DATABASE ON ALL MAJOR IOU'S. Energy < Central has just released the 2001 on-line Edition of the FERC < FORM1 Database. This complete database contains all operational < information for the major IOU's, their plants, and financial < statistics. It's easy to use, searchable, and available < immediately. Access this information directly today through a < FREE Twenty-Page-Trial. Visithttp://www.energycentral.com/sections/databases/FERC/ < < ______________________________________________________________________ < < ACCOUNT STATUS!!! < ______________________________________________________________________ < < You are currently not a subscriber to the Energy Central < Daily Gas News Service. < [ ] 17-1674: Type an 'x' between the brackets to request information < on subscribing to Energy Central Daily Gas News < < ______________________________________________________________________ < < MERGERS, ACQUISITIONS & DIVESTITURES < ______________________________________________________________________ < < EMERA TO BUY 8.4 PCT STAKE IN SABLE GAS PROJECT < TORONTO, June 6 (Reuters) - - Canadian energy company Emera Inc. < said on Wednesday it will spend C$50 million ($33 million) to buy < an 8.4 percent stake in the Sable Offshore Energy natural gas < project in Nova Scotia, a smaller investment than one announced < earlier this year. < --< NEWS SUBSCRIBERS can access this article for free! < < < KERR-MCGEE GETS ANTITRUST APPROVAL FOR HS BUY < OKLAHOMA CITY, June 6 (Reuters) - - Oil and gas company Kerr-McGee < Corp. said on Wednesday it had won U.S. antitrust clearance for < its $1.3 billion acquisition of natural gas producer HS Resources Inc.. < --< NEWS SUBSCRIBERS can access this article for free! < < < ______________________________________________________________________ < < GAS PRICING/HUBS < ______________________________________________________________________ < < NATURAL GAS CASH PRICES FALTER ON LOW DEMAND, FALLING FUTURES < June 7 (Btu's Daily Gas Wire) - The natural gas cash market lost < its footing today, losing as much as $2.00 in California where < demand along with power prices are falling. < --< NEWS SUBSCRIBERS can access this article for free! < [ ] 55-40: You can request a free 4 week free trial to BTU's Daily < Gas Market Report. < < < < ///------------------------ADVERTISEMENT------------------------\\\ < < A new comprehensive 150-page study of the Distributed < Generation (DG) industry is now available to Energy Central < Users! Visit http://www.energycentral.com/global/sho_rpt.cfm?id=100058. < < \\\-------------------------------------------------------------/// < < ______________________________________________________________________ < < DRILLING/EXPLORATION < ______________________________________________________________________ < < PANCANADIAN SAYS 'SIGNIFICANT' NORTH SEA OIL DISCOVERY < CALGARY, Alberta, June 6 (Reuters) - - PanCanadian Petroleum Ltd. < said on Wednesday its crews had made a "significant oil discovery" < in the central North Sea and it planned further appraisal drilling < later this year. < --< NEWS SUBSCRIBERS can access this article for free! < < < TENGASCO COMPLETES 36TH AND 37TH OIL AND NATURAL GAS WELLS IN SWAN CREEK < KNOXVILLE, Tenn., June 7 /PRNewswire/ - Tengasco announced today < that it has completed its 36th and 37th successful wells in the < Swan Creek natural gas and oil field located in the Eastern < Overthrust Belt of the Appalachian Basin in Hancock County, Tennessee. < --< NEWS SUBSCRIBERS can access this article for free! < < < CONGRESS LIKELY TO KEEP LIMITS ON DRILLING < By Mike Soraghan, The Denver Post -- June 6 - Congress probably < won't lift restrictions on public lands to increase oil and gas < production, said Frank Murkowski, outgoing chairman of the < chairman of the Senate Energy committee. < --< NEWS SUBSCRIBERS can access this article for free! < < < NO OFFSHORE DRILLING FOR NOW, US SAYS < Jun 07, 2001 - FT World Media Abstracts via Comtex - Interior < Secretary Gale Norton confirmed in a Senate hearing yesterday that < the Bush administration would respect present moratoria on < off-shore oil drilling, but would continue to consider a possible < lifting of restrictions. < --< NEWS SUBSCRIBERS can access this article for free! < < < CENTURION ENERGY - EL WASTANI EAST - 1 WELL IN EGYPT DRILLING UPDATE < CALGARY, June 7 /PRNewswire/ - Centurion Energy International Inc. < is pleased to provide an update regarding drilling operations on < the El Wastani East - 1 well in Egypt. < --< NEWS SUBSCRIBERS can access this article for free! < < < ______________________________________________________________________ < < LNG < ______________________________________________________________________ < < ANALYSIS-LNG GETS NEW LOOK AS WAY TO EASE US ENERGY WOES < NEW YORK, June 6 (Reuters) - - With blackouts in California a < stark example of what is at stake if the United States runs short < of natural gas, liquefied natural gas, or LNG, is getting a new < look as a means to solve a growing U.S. energy crisis. < --< NEWS SUBSCRIBERS can access this article for free! < < < < ///------------------------ADVERTISEMENT------------------------\\\ < < Valued Members - you can now receive the Electric Power < News and the Gas News in a single personalized, convenient < daily e-mail. Filter data, news stories, and reports with < the new amazing time management tool, Energy Central < Direct. Sign up today for this free service at http://www.energycentral.com/sections/ecdirect/ecd_content.cfm. < < \\\-------------------------------------------------------------/// < < ______________________________________________________________________ < < PIPELINES < ______________________________________________________________________ < < CANADA NATIVES DELAY HISTORIC PIPELINE OWNERSHIP DEAL < CALGARY, Alberta, June 6 (Reuters) - - Native leaders in Canada's < far north and major oil firms failed on Wednesday to reach a deal < on giving aboriginal people a stake in a huge natural gas pipeline < proposed for the vast region when one native group said it needed < more time to study the terms. < --< NEWS SUBSCRIBERS can access this article for free! < < < KINDER MORGAN AND CALPINE REPORT SUCCESSFUL OPEN SEASONS FOR SONORAN PIPELINE < HOUSTON, June 7 /PRNewswire/ - Kinder Morgan Energy Partners, L.P. < and national independent power company Calpine Corporation today < announced that they received significant interest in the proposed < Sonoran Pipeline project during the open seasons that closed on < June 1. < --< NEWS SUBSCRIBERS can access this article for free! < < < ______________________________________________________________________ < < RATES < ______________________________________________________________________ < < NORTHERN INDIANA PUBLIC SERVICE CO. DROPS SOME NATURAL-GAS RATES < By Anita Munson, South Bend Tribune, Ind. -- June 6 - Customers of < Northern Indiana Public Service Co. will pay less for gas used in June. < --< NEWS SUBSCRIBERS can access this article for free! < < < ______________________________________________________________________ < < POWER PROJECTS < ______________________________________________________________________ < < DYNEGY TO BUILD POWER PLANT IN MICHIGAN; RENAISSANCE POWER PROJECT < WILL GENERATE POWER TO MEET PEAK DEMAND IN 2002 < June 7 (News Release) - Dynegy Inc. today announced plans to < construct a 680-megawatt (MW) natural gas-fired peaking facility < in Carson City, Mich. < --< NEWS SUBSCRIBERS can access this article for free! < < < ______________________________________________________________________ < < ANNOUNCEMENTS < ______________________________________________________________________ < < BP DRILLS DOWN ON SCIENT EXPERTISE IN BRANDING AND DIGITAL BUSINESS < NEW YORK, June 6 /PRNewswire/ - Scient, today announced its role < in launching www.bp.com, the new Web portal for BP, Europe's < largest company. < --< NEWS SUBSCRIBERS can access this article for free! < < < ______________________________________________________________________ < < LABOR/HUMAN RESOURCES < ______________________________________________________________________ < < STRIKING WORKERS REACH AGREEMENT WITH CHICAGO UTILITY < By Ted Gregory, Chicago Tribune -- June 6 - Leaders of an < estimated 1,050 workers on strike against Peoples Gas Co. since < May 19 reached agreement with the company Tuesday and are < recommending the union's membership approve the deal. < --< NEWS SUBSCRIBERS can access this article for free! < < < ______________________________________________________________________ < < FINANCIAL < ______________________________________________________________________ < < HARKEN ENERGY SEEKS TO REFOCUS ON U.S. NATURAL GAS < HOUSTON, June 6 (Reuters) - - Harken Energy Corp. said Wednesday < its directors approved a restructuring effort to focus on its U.S. < assets, particularly its natural gas prospects. < --< NEWS SUBSCRIBERS can access this article for free! < < < THE FUTURE IS BRIGHT, DTE ENERGY'S EARLEY TELLS ANALYSTS < TROY, Mich., June 7 /PRNewswire/ - With the merger with MCN Energy < Group and a firm footing in a host of energy products and < services, DTE Energy is strategically and financially poised to < increase earnings growth to 8 percent annually, Anthony F. Earley < Jr., chairman and chief executive officer, told about 70 analysts < today at the company's Diversified Growth Conference. < --< NEWS SUBSCRIBERS can access this article for free! < < < ENRON SUBSIDIARY SETS OUT TO CAPTURE PART OF RETAIL NATURAL GAS MARKET < By Rick Jurgens, Contra Costa Times, Walnut Creek, Calif. -- June < 6 - An affiliate of Enron Corp., the politically potent and wildly < profitable Houston-based energy conglomerate, has got a deal for you. < --< NEWS SUBSCRIBERS can access this article for free! < < < ______________________________________________________________________ < < INTERNATIONAL < ______________________________________________________________________ < < SHELL IN TENDER FOR CHINESE BILLION DOLLAR PROJECT < Jun 07, 2001 - FT World Media Abstracts via Comtex - Shell, the < Anglo-Dutch oil company, ExxonMobil and BP Amoco have been < shortlisted to assist in the construction of a gas transport < pipeline from Xinjiang to Shanghai. < --< NEWS SUBSCRIBERS can access this article for free! < < < LUNDIN OIL IS FOR SALE < Jun 07, 2001 - FT World Media Abstracts via Comtex - Lundin Oil, < the Swedish oil company, is planning a hive off of parts of its < activities and to sell the remaining part. < --< NEWS SUBSCRIBERS can access this article for free! < < < GAS NATURAL JOINS FORCES WITH ENEL < Jun 07, 2001 - FT World Media Abstracts via Comtex - Gas Natural, < the Spanish gas group, has signed a LPG trading accord with < Italy's largest electricity company Enel. < --< NEWS SUBSCRIBERS can access this article for free! < < < STATOIL WILL CONTINUE TO SELL THE GOVERNMENT'S OIL AND GAS < Jun 07, 2001 - FT World Media Abstracts via Comtex - Statoil, the < Norwegian state-owned oil group, will continue to receive several < million Norwegian kroner from selling oil and gas for the < Norwegian government. < --< NEWS SUBSCRIBERS can access this article for free! < < < STAVANGER INHABITANTS ARE MODERATELY INTERESTED IN STATOIL SHARES < Jun 07, 2001 - FT World Media Abstracts via Comtex - Erling < Overland, chief executive of Statoil, the Norwegian state-owned < oil group, hosted the group's first meeting with potential private < investors yesterday. < --< NEWS SUBSCRIBERS can access this article for free! < < < < ___________________________________________________________________________ < < NEED INFORMATION ON THE POWER INDUSTRY? < ENERGY CENTRAL'S GOT IT! < ___________________________________________________________________________ < < ENERGY CENTRAL DAILY GAS NEWS < An e-mail news service that delivers every major story every < day directly to your e-mail address. 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