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OpenLink Financial =09 [IMAGE]=09 [IMAGE] =09 HOME | GAS NEWS | EVENTS | JOBS | BUSINESS CENTERS | DIRECTORIES= | DATA CENTER TUESDAY, NOVEMBER 20, 2001 =09 =09 THIS ISSUE BROUGHT TO YOU BY ENERGIZE YOUR CAREER - The Energy= Central Job Center has a new look, new features, premier employers and is = updated daily! Visit the energy industry's largest on-line job center today= : http://www.energycentral.com/sections/jobs TOP STORIES Conoco= , Phillips Petroleum Agree to Merge in $35 Billion Deal By Nelson Antosh, = Houston Chronicle, Nov. 19 Conoco and Phillips Petroleum have agreed to mer= ge, forming an oil company that will be the third-largest in the United Sta= tes and the sixth-largest in the world. Cash Rockets on Cold Weather Ou= tlooks, Storage Play Nov. 19 (Btu's Daily Gas Wire) Some cold weather felt= in parts of the West and forecasts calling for temperatures to drop in the= Midwest and East sent next day gas prices soaring 50 to 60 cents on averag= e today, traders said. Special Offer from this Publisher! Ruhrgas plan= casts doubts on import deals By Joe Harper, Nov. 19, 2001 (New World Pub= lishing via COMTEX) -- Natural gas import deals signed with Norway and Denm= ark this year were in doubt last week following an announcement by Germany'= s Ruhrgas that the government would approve its pipeline project, analysts = said. Press Release POWERWEB AND SAIC SIGN NATIONWIDE DISTRIBUTIO= N AGREEMENT Media, PA, November 19, 2001-- Powerweb Technologies, Inc. tod= ay announced that is has signed a nationwide Distribution and Joint Marketi= ng Agreement with Science Applications International Corporation (SAIC). Th= is agreement will enable SAIC to market and deploy Powerweb's Omni-Link Int= ernet Energy Platform, to energy organizations as well as end-use energy cu= stomers throughout the United States. National Energy Policy SENA= TOR PUTS HOUSE ENERGY BILL ON ECONOMIC STIMULUS PACKAGE Nov 19, 2001 (Oct= ane Week/PBI Media via COMTEX) -- The Senate came one step closer to puttin= g energy on the agenda when Sen. Larry Craig (R-Idaho) filed a scaled- down= version of the House-passed energy bill, H.R. 4, as an amendment to the ec= onomic stimulus package being debated in Congress. ADVERTISEMENT = Gain the competitive intelligence you need to make informed business deci= sions. Energy Central's Operating Plant Experience Code (OPEC) is a must fo= r all aspects of analyzing nuclear power plant performance. Identify causes= of poor performance, compare lost generation trends, and set performance c= riteria! Free trial - visit http://www.energycentral.com/sections/databases= /OPEC Mergers, Acquisitions & Divestitures Mississippi Valley= Gas plans merger with Dallas company Nov 19 - The Mississippi Business Jo= urnal Mississippi Valley Gas Company, the largest natural gas utility in Mi= ssissippi serving about 261,500 customers in 36 counties in the state, will= become a wholly-owned subsidiary of Atmos Energy Corporation if a proposed= merger is approved as planned. Dynegy's Buying Enron Results in Bitte= rness, Problems And Support Nov. 19 (Utility Spotlight) The proposed acqui= sition of Enron by cross-town rival Dynegy has ruffled some feathers of Enr= on employees, many of whom will lose not only their jobs but also what was = once a fortune, now in nearly worthless stock options. Special Offer from t= his Publisher! DSM to sell Energie Beheer Nederland stake to Dutch go= vt for 1.243 bln eur AMSTERDAM, Nov 19, 2001 (AFX-Europe via COMTEX) -- D= SM NV said it will sell its stake in Energie Beheer Nederland to the Dutch = government for 1.243 bln eur. The Sunday Telegraph: Westlb Makes A Gra= b for Gbp1bn Wessex Water Nov 19, 2001 - FT World Media Abstracts via Comt= ex Germany-based bank WestLB is negotiating with US-based energy concern En= ron for a possible acquisition of Wessex Water. Gas Pricing/Hubs = Canadian spot gas recovers from seven-day rout CALGARY, Alberta, Nov 19 (R= euters) Canadian spot natural gas prices jumped across the board on Monday,= especially in Alberta, where prices nearly doubled from depressed weekend = levels on the strength of higher export demand, traders said. U.S. spo= t gas jumps 23 pct on cold midweek weather SAN FRANCISCO, Nov 19 (Reuters)= U.S. spot natural gas prices surged Monday on cold-weather forecasts deale= rs said were likely to trigger widespread heating demand in the Midwest and= Northeast consuming regions. NYMEX Hub gas ends higher on weather, sh= ort cover NEW YORK, Nov 19 (Reuters) NYMEX Hub gas ended higher Monday aft= er a soft open, lifted by colder midweek weather forecasts and short coveri= ng ahead of the long holiday weekend despite a lagging cash market, industr= y sources said. Production LOWER 48 GAS PRODUCTION STEEPENS ITS F= ALL IN 3Q Nov 19, 2001 (Gas Processors Report/PBI Media via COMTEX) -- Th= ere is perhaps something to be made of the fact that the minute producers s= topped hiring so many rigs, gas production fell. LNG PHILLIPS PET= ROLEUM SAYS NO AGREEMENT TO BACK SHELL'S TIMOR SEA PLANT DARWIN, Nov 19, = 2001 (AsiaPulse via COMTEX) -- Phillips Petroleum today denied a report tha= t it had backed Royal Dutch-Shell's $A4 billion ($US2.08 billion) plan to b= uild the world's first floating liquified natural gas (LNG) plant in the Ti= mor Sea. Pipelines Energy Companies Work to Get Around Barrier to= Alaska Gas Pipeline By Liz Ruskin, Anchorage Daily News, Alaska, Nov. 16 = A $4 billion financial cloud hanging over the proposed Alaska Highway gas p= ipeline cleared a little Thursday, when nine energy companies announced the= y have agreed to come together to settle the problem and pitch a business p= lan to North Slope natural gas owners. Ibama Fines Petrobras US$4mn fo= r Pipeline Error Brazil, Nov 19, 2001 (BNamericas.com via COMTEX) -- Braz= il's environment agency Ibama has fined Brazil's federal oil company Petrob= ras US$4mn (10mn reais) for installing a 4km undersea pipeline to extract n= atural gas from the Marlim Sul field without the relevant environmental lic= ensing, according to daily newspaper Valor Economico. State ponders in= vestment Nov 19 - Journal of Alaska Business and Commerce A citizen commit= tee asked by Gov. Tony Knowles to evaluate possible state investment in a n= atural gas pipeline has reached a tentative conclusion to advise against th= e idea, unless there is some compelling and overriding public interest. = Ukraine pledges not to siphon Russian gas from pipelines Nov 19 - ITAR -= TASS News Wire Ukraine has passed legislative acts that confirm its pledge= not to siphon natural gas from transit pipelines crossing its territory. = Rates For more information on rate tariffs visit Gas Rate Tariffs = [IMAGE] Court Orders Camuzzi to Freeze Gas Rate Hike Argentina, Nov 19= , 2001 (BNamericas.com via COMTEX) -- Argentine judge Jorge Pfleger has ord= ered gas distributor Camuzzi Gas del Sur to not apply increased gas rates f= or users in Patagonia until negotiations with the government over subsidy p= ayments are concluded, La Nacion reported. General New Jersey Bal= ks at Increase in Seniors' Heating Aid By Herb Jackson, The Record, Hacken= sack, N.J., Nov. 19 It gives the term "budget freeze" a whole new meaning. = New Technologies/Markets Scientists Seek New Energy Sources Nov = 18 - Associated Press In Canada's Northwest Territories, where the Mackenzi= e River empties into the Beaufort Sea, scientists are studying a vast depos= it of frozen methane as a potential energy source. Financial Cong= ressman urges probe of Andersen on Enron WASHINGTON, Nov 19 (Reuters) - A = U.S. Congressman has called for an investigation of Big Five accounting fir= m Arthur Andersen LLP in connection with its audits of Enron Corp. and Wast= e Management Inc., according to a letter released on Monday Employees'= 401(k) Plans Sink with Enron By Jeff Manning, The Oregonian, Portland, Or= e., Nov. 16 Enron, the once-mighty energy giant, took millions of dollars o= f its employees' retirement savings down with it as it collapsed with shock= ing swiftness during the past month. FUND SCORE-Utilities funds may la= g in economic recovery By Christopher Noble, BOSTON, Nov 19 (Reuters) Mutu= al funds that focus on utilities have posted average returns this year, but= they may well fall behind more cyclical stocks as the economy recovers in = the months ahead, a fund manager said on Monday. B.C. GAS FILES SHELF = PROSPECTUSES TO SELL DEBT TO CANADIAN INVESTORS Nov 19, 2001 (Petroleum F= inance Week/PBI Media via COMTEX) -- B.C. Gas Inc. filed a base shelf prosp= ectus with Canadian regulatory authorities to issue up to C$1 billion of de= bt or subordinated debt over two years. GUARDIAN PIPELINE CLOSES $180 = MILLION OF PROJECT FINANCING Nov 19, 2001 (Petroleum Finance Week/PBI Med= ia via COMTEX) -- Guardian Pipeline closed $180 million of project financin= g that was arranged by Prudential Capital Group. Financial - Results = MOL posts losses, receives bids for gas division By Dan Nashaat, Nov = 19, 2001 (New World Publishing via COMTEX) -- Hungarian oil and gas company= MOL Rt posted losses of Ft 14.29 billion ($51 million) in the first nine m= onths, compared with profits of Ft 23.06 billion over the corresponding per= iod of 2000. International Lithuanian Gas Privatisation Launched = FRANCE, Nov 19, 2001 (Prline via COMTEX) -- The Government of Lithuania a= nd its Adviser, BNP Paribas Corporate Finance, have launched the privatisat= ion of the Lietuvos dujos (Lithuanian Gas) company. Gas Problem Settle= d with Ukraine - Putin Nov 19, 2001 - Itar-Tass News Agency Large work car= ried out by Russia and Ukraine over the past 18 months in the gas sphere ha= s been completed. LA Tribune: Gdf on The Advance in Mexico Nov 19, 20= 01 - FT World Media Abstracts via Comtex French gas distributor Gaz de Fran= ce (GDF) is to invest at least $500m (568.2m euros) in Mexico over the next= five years, according to Gerard Mallet, director of the group's Mexican su= bsidiary. Bolivian And Peruvian Authorities Discuss Gas Projects to Av= oid Competition Nov 19, 2001 - South American Business Information The Per= uvian Ministry of Mines and Power informed that Bolivian authorities will c= ome to Peru soon in order to discuss the gas projects that will be develope= d by both countries, so as to avoid competition between them. Brazil := BR Invests R$12mil at Espirito Santo Nov 19, 2001 - South American Busine= ss Information The growth of natural gas market at Espirito Santo state sti= mulated the BR Distribuidora to expand its investment in the region in 2002= . Dark Clouds Threaten Sunrise Gas Partners Nov 19, 2001 - Australasi= an Business Intelligence Further tensions between the partners in the Sunri= se gas reservoir development were revealed on 19 November 2001. ENI pl= ans to be 'supermajor' oil co via acquisitions, increased output MILAN, N= ov 18, 2001 (AFX-Europe via COMTEX) -- ENI SpA plans to become "a supermajo= r" oil company via acquisitions and increased exploration activities, said = chief executive Vittorio Mincato in Il Sole 24 Ore's Saturday edition. = The gas giant Gazprom: Not interested in Nova Nov 19, 2001 (New World Pu= blishing via COMTEX) -- The Russian gas giant Gazprom denies it would be in= terested in investing to TV Nova. Gazprom to take part in privatizatio= n of Slovak Gas Company Nov 19 - ITAR - TASS News Wire Gazprom head Alexei= Miller and Slovak Privatization Minister Maria Machova have agreed on the = participation of Russia's Gazprom gas giant in the privatization of the Slo= vak Gas Company, the Gazprom press service told Itar-Tass on Tuesday. = If you are an Energy Central News Subscriber and you have checked any new= s articles above, selecting the 'Get Articles' button below will deliver al= l of the checked articles in one page. This is a convenient way to get exac= tly the news you need - quickly! NEED INFORMATION ON THE POWER IN= DUSTRY? ENERGY CENTRAL'S GOT IT! ENERGY CENTRAL DAILY ELECTRIC POWER NEW= S An e-mail news service that delivers every major story every day direct= ly to your e-mail address. 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