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OpenLink Financial=09 [IMAGE]=09[IMAGE]=09 HOME| GAS NEWS| EVENTS| JOBS| BUSINESS CENTERS| DIRECTORIES| DATA CEN= TER WEDNESDAY, OCTOBER 24, 2001 =09 =09 THIS ISSUE BROUGHT TO YOU BY Gain exposure to thousands of ene= rgy professionals with your company's white papers today. Energy Central, t= he industry's most comprehensive on-line information resource is gathering = white papers for inclusion the newest section of its Research Report Center= . Don't be left out - to learn how to submit your white papers, e-mail mjoh= nson@energycentral.com. http://www.energycentral.com/sections/research/ = TOP STORIES Atlanta Governor Vows Speed in Forming Panel on Gas Der= egulation By Matthew C. Quinn, The Atlanta Journal and Constitution, Oct. 2= 3 Gov. Roy Barnes said he wants to "move pretty quickly" in forming a consu= mer protection task force on the state's troubled natural gas deregulation.= FERC Moves to Create More Flexibility for Firm Capacity Holders in Str= ucturing Capacity Release Transactions Oct. 24 (Btu Watch) The Federal Ener= gy Regulatory Commission (FERC), in a Notice of Proposed Rulemaking, propos= ed to amend its open access regulations to require that interstate pipeline= s permit releasing shippers to recall released capacity and re-nominate tha= t recalled capacity at any of the scheduling opportunities provided by inte= rstate pipelines according to the notice and bumping provisions applicable = to interruptible shippers. Special Offer from this Publisher! Massachus= etts Officials Disagree over Allowing Gas Tankers in Boston Harbor By Ralph= Ranalli, The Boston Globe, Oct. 23 Acting Governor Jane M. Swift and Bosto= n Mayor Thomas M. Menino still disagree about the safety of allowing liquif= ied natural gas tankers to pass through Boston Harbor, but after a 45-minut= e meeting yesterday, both reportedly agreed to discuss the issue again. = Press Release LODESTAR CORPORATION OPENS LONDON SUBSIDIARY AS PART OF = INTERNATIONAL EXPANSION PEABODY, MA - October 24, 2001 - LODESTAR Corporati= on took a major step in its global expansion today with the opening of its = first international subsidiary - LODESTAR Solutions Limited -- in London, E= ngland. LODESTAR is a leading provider of software solutions to the energy = industry. Caminus Corporation to Report Third Quarter Results on Octobe= r 30, 2001 New York, NY - October 23, 2001 -- Caminus Corporation, a leadin= g provider of software solutions and strategic consulting services to parti= cipants in the competitive energy markets throughout North America and Euro= pe, will be announcing its financial results for the third quarter ended Se= ptember 30, 2001 after market close on Tuesday, October 30, 2001. Nati= onal Energy Policy Oklahoma Oil, Gas Producers Say Energy Policy Need I= s Urgent By Russell Ray, Tulsa World, Okla., Oct. 23 The United States is t= oo reliant on foreign oil, Oklahoma's independent oil and gas producers say= . ADVERTISEMENT Representatives from the Bush Administration, C= ongress, FERC, NRC, and state PUCs will come to Wall Street at the Energy I= nvestor Policy and Regulation Conference, December 3-4, 2001, New York City= , to outline the future direction of energy policy and regulation. Details = for this important event available at http://www.infocastinc.com/energyinve= stor.htm Competition & Deregulation For reports and related info= rmation on this topic visit our Data Center [IMAGE] Slow European gas li= beralisation irks consumers By Stuart Penson (Reuters) LONDON, Oct 23 (Reut= ers) The European Union started liberalising its natural gas market over a = year ago but disenchanted energy consumers say they are still waiting to re= ap the benefits. LA Tribune: French Companies Excluded from Opening Up = of Spanish Gas Market Oct 23, 2001 - FT World Media Abstracts via Comtex Si= x companies out of 14 candidates have been selected by the Spanish authorit= ies to participate in the deregulation of the gas sector. Mergers, Acq= uisitions & Divestitures Takeover target Westcoast sells retail assets = CALGARY, Alberta, Oct 22 (Reuters) - Westcoast Energy Inc. said on Monday i= t sold C$385 million ($244 million) of energy retail and services assets to= two Canadian buyers as it moved closer to being taken over by Duke Energy = Corp. Gas Pricing/Hubs Canada natgas rises on U.S. strength, weath= er CALGARY, Alberta, Oct 23 (Reuters) Spot gas prices in Canada gained on T= uesday because of cool weather in Alberta, higher physicals in the United S= tates and early strength in New York, industry sources said. NYMEX Hub = gas ends down after early rally stalls NEW YORK, Oct 23 (Reuters) NYMEX Hub= gas, lifted early by a firm cash and forecasts for cooler weather later th= is week, ended lower Tuesday, pressured by some profit taking when a mornin= g rally attempt stalled at resistance, sources said. Drilling/Explorat= ion City Seeks Input on Oil And Gas Drilling Ordinance Oct 23, 2001 - T= he Fort Worth Star-Telegram To better regulate a booming industry, city off= icials will host a round-table discussion Monday on oil and gas drilling. = Saskatchewan Government: Record for Natural Gas Drilling Oct 23, 2001 - = M2 Communications Saskatchewan has already broken the all-time record numbe= r of natural gas wells drilled in a year, surpassing last year's record of = 1,203. Futures Nov Futures Slumps on Profit-taking after Hitting 8= -Wk High Oct. 23 (Btu's Daily Gas Wire) November natural gas futures settle= d down 12.6 cents at $2.681 as early buying gave way to selling as those wh= o had recently acquired length in the nearby month chose to shorten those p= ositions and take profits. Special Offer from this Publisher! Pipeline= s Gas Pipeline Remains Volatile Issue for Some Sherwood, Ore., Resident= s By Emily Tsao, The Oregonian, Portland, Ore., Oct. 22 NW Natural's propos= al to build a 62-mile natural gas pipeline through three counties has clear= ed another hurdle, and some residents are working to alter the pipeline's p= ath. Philippines to pick gas line contractor by year end BUENOS AIRES, = Argentina, Oct 22 (Reuters) The Philippines will choose by year end the bui= lder of a natural gas pipeline linking Manila and Batangas to the south, wh= ere a $4.5 billion gas project recently came on line, the country's energy = minister said on Monday. Khristenko Discusses North European Pipeline i= n Finland Oct 23, 2001 - Itar-Tass News Agency A special group made up of R= ussian, German and Finnish specialists will draw up a detailed plan within = three or four months, which will outline ways of building a North European = gas pipeline, which will go across the territory of Finland, Russian Deputy= Prime Minister Viktor Khristenko said on Monday at a press conference on t= he results of his talks with Finnish Prime Minister Paavo Lipponen. Ri= gs Drilling Activity Decreases in Western Canada Oct 23, 2001 - Resourc= e News International The number of Canadian oil and gas rigs active as of T= uesday, October 23 totaled 330, down from the previous week's 349, accordin= g to the Canadian Association of Oilwell Drilling Contractors (CAODC). = General Limits sought on rules for power shutoffs Oct 23 - Providence = Journal As cold weather sets in, an estimated 7,200 families in Rhode Islan= d are without heat because their gas or electricity has been cut off for no= npayment of bills. Davis Floats Plan To Spend Coastal Grants Oct 23, 20= 01 - E?Publishing California Gov. Gray Davis (D) released a plan Friday to = spend $15.5 million in federal funds on management of the state's coastal r= esources, including more than $3 million to protect and restore wetlands. = Joint Ventures & Alliances Iberdrola And Endesa Sign An Agreement P= rotocol for the Joint Construction of A Regasification Plant in Castellon O= ct 23, 2001 - Business Wire Iberdrola and Endesa signed yesterday an agreem= ent protocol so that Endesa will become partner in the development and cons= truction of the regasification plant in Castellon. Deals/Contracts = Nippon M'bishi buys gas stake in Gulf of Mexico TOKYO, Oct 23 (Reuters) Ja= pan's largest oil refiner Nippon Mitsubishi Oil Corp said on Tuesday it had= purchased a stake in the Aconcagua Gas Field in the Gulf of Mexico. P= eople ENERGY WEST Announces Edward Bernica as President and CEO GREAT = FALLS, Mont., Oct. 22 /PRNewswire/ ENERGY WEST Incorporated, a gas utility = and energy sales company headquartered in Great Falls, Montana, has announc= ed that Edward J. Bernica has been named President and Chief Executive Offi= ce of the company, as of October 1, 2001, following the retirement of Larry= Geske. Financial Enron seeks to soothe investors after stock slum= p By Carolyn Koo (Reuters) NEW YORK, Oct 23 (Reuters) Enron Corp. sought to= assuage investor concerns on Tuesday after U.S. regulators said they were = looking into transactions involving the company's chief financial officer a= nd its stock shed more than $10 billion in value over the past week. SE= C Requests Enron to Provide Information on Investment Partnerships By Laura= Goldberg, Houston Chronicle, Oct. 23 Shares in Enron Corp. fell almost 21 = percent Monday after the company disclosed federal securities regulators as= ked for details on investment partnerships formerly run by its chief financ= ial officer. Financial - Results Houston-Based Conoco Reports $193= Million in Third-Quarter Net Income By Michael Davis, Houston Chronicle, O= ct. 23 Conoco blamed its lower third-quarter earnings on weaker oil and gas= prices Monday, but the Houston company still soundly beat out Wall Street'= s lowered expectations and announced a major oil discovery in Vietnam. = Pioneer Natural net drops on lower energy prices DALLAS, Oct 23 (Reuters) P= ioneer Natural Resources, an oil and natural gas exploration company, on Tu= esday said third-quarter net income dropped nearly two-thirds to $24.6 mill= ion on lower oil and gas prices. RGS Energy profits fall, sees future d= rop NEW YORK, Oct 23 (Reuters) RGS Energy Group Inc. on Tuesday reported fa= lling quarterly profits and said future earnings would also be below last y= ear's levels as the weakening economy cuts into sales to industrial custome= rs. CONSOL Q1 net loss on high costs, sees growth NEW YORK, Oct 23 (Reu= ters) U.S. coal mining and natural gas company CONSOL Energy Inc. on Tuesda= y reported a first-quarter net loss, reversing a year-ago profit, due to a = combination of high coal mining costs and low gas prices. PS Enterprise= profits rise 21 percent NEWARK, N.J., Oct 23 (Reuters) - Public Service En= terprise Group, owner of New Jersey's largest gas and electric utility, on = Tuesday reported a 21 percent rise in third-quarter earnings, but the resul= ts were near the low end of Wall Street expectations. Petro-Canada prof= it falls on lower oil, gas prices CALGARY, Alberta, Oct 23 (Reuters) - Petr= o-Canada said on Tuesday its third-quarter profit fell 35 percent, a deeper= than expected drop that the country's No. 3 oil producer, refiner and gaso= line retailer blamed on lower oil and gas prices. Burlington Resources = Reports Net Income Drops to $73 Million for Third Quarter Oct 22 - Houston = Chronicle Houston natural gas producer Burlington Resources Inc. said today= its third-quarter earnings plummeted, reflecting a steep decline in the pr= ice of its main product. International Nigeria looks to gas age as= oil glitter wears off By John Chiahemen (Reuters) LAGOS, Oct 23 (Reuters) = Still reeling from the gloom that followed its short-lived 1970s oil boom, = Nigeria is turning to its vast gas reserves as the money spinner of the fut= ure. CNOOC to Invest in Fujian Gas Market Development BEIJING, Oct. 23= /PRNewswire/ CNOOC Limited announced today that CNOOC, its parent, has sig= ned an agreement with Fujian provincial government on natural gas market de= velopment in Fujian. "Gazprom" Will Put Into Operation Its Largest Post= -Soviet Era Project for Production of Gas Oct 22, 2001 - A & G Information = Service The official ceremony for the opening of the Zapolyarny gas field, = with reserves of 3,3 trillion cubic meters of gas, is planned for October 2= 4. Iberdrola And BP Carry Off Lion's Share of Algerian Gas Contract Oct= 23, 2001 - FT World Media Abstracts via Comtex There were few suprises yes= terday in the Spanish government's award of a 25 per cent share of the Alge= rian gas contract to Spain's four electricity companies Endesa, Iberdrola, = Union Fenosa and Hidrocantabrico and to foreign oil groups Shell and BP. = Bernabe Says Ok to Enel's Diversification Into Gas Sector Oct 23, 2001 - = FT World Media Abstracts via Comtex Franco Bernabe, former chairman of Ital= ian oil group ENI, has said that he is in favour of the diversification of = Italian electricity group Enel into the gas sector following its recent acq= uisition of a majority stake in Camuzzi, the Italian gas distribution compa= ny. Pipeline to Deliver Gas to Turkey Oct 22 - Associated Press Turkey = expects to start receiving natural gas through a new pipeline from Iran by = mid-December, officials said Monday. First Iranian gas to reach Turkey = in December 2001 - officials Oct 22 - BBC Monitoring European Iran is expec= ted to start pumping natural gas to Turkey in December of 2001. ECONOMI= C SLOWDOWN Decline in gas use expected, NATION Oct 22 - WorldSources Online= Thailand's natural-gas consumption next year is expected to drop from a pr= evious forecast, in line with revisions for lower-than-expected economic gr= owth next year, industry sources say. Unocal of USA to submit proposal = to Bangladesh on gas export to India Oct 23 - BBC Monitoring South Asia - E= conomic US oil major Unocal is expected to formally submit a proposal to th= e Bangladesh government soon for construction of a 900m dollar pipeline to = export natural gas to India. Turkmen president proposes Afghanistan gas= project to United Nations Oct 23, 2001 - Associated Press Turkmen Presiden= t Saparmurad Niyazov offered the United Nations to consider the possibility= of implementing a gas pipeline project through Afghanistan to Pakistan, a = newspaper reported Tuesday. If you are an Energy Central News Subscr= iber and you have checked any news articles above, selecting the 'Get Artic= les' button below will deliver all of the checked articles in one page. Thi= s is a convenient way to get exactly the news you need - quickly! = NEED INFORMATION ON THE POWER INDUSTRY? ENERGY CENTRAL'S GOT IT! ENERGY= CENTRAL DAILY ELECTRIC POWER NEWS An e-mail news service that delivers eve= ry major story every day directly to your e-mail address. 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[IMAGE] Allegro Development [IMAGE] Itron [IMAGE] NEW= S SECTIONS Top Stories Press Release National Energy Policy = Competition & Deregulation Mergers, Acquisitions & Divestitures = Gas Pricing/Hubs Drilling/Exploration Futures Pipelines Rig= s General Joint Ventures & Alliances Deals/Contracts People= Financial Financial - Results International ADVERTISEM= ENT Williams Energy NEWS SEARCH Find Energy Central Gas News = stories up to 30 days old. ENERGY CENTRAL Home News Centers = Energy Central Direct New! Power News Gas News Events Center Jo= b Center Data Center Business Centers On-line Publications New! Research Re= port Center New! Directories Associations State PUCs Trade Publ= ications Industry Glossary Links Member Services About Energy Centr= al Our Products Content Syndication New! [IMAGE] =09 [IMAGE] HOME| GAS NEWS| EVENTS| JOBS| BUSINESS CENTERS| DIRECTORIES| DATA CEN= TER =09 =09 Copyright ? CyberTech, Inc.2001. All rights reserved. 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