Platts Energy Bulletin


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Feb 5, 2002

What's New on platts.com?
Bandwidth Update: Pressured by its lenders, Williams Communications Group Inc
will develop a restructuring plan by the end of this month, although management
insisted Monday that filing for bankruptcy is not an option. The news came as
the network provider reported unaudited fourth-quarter and annual results for
2001. (http://www.platts.com/bandwidth/index.shtml)

US Futures Update: A weekly round-up of the US futures markets.
(http://www.platts.com/risk_management/futures/index.shtml)



Upcoming Events
Grid Business - The Midwest Region: An Electrical World Roundtable in
cooperation with R. J. Rudden Associates and the United States Energy
Association. March 21-22, 2002 St. Louis, Missouri.
(http://www.platts.com/gridbusiness/index.html)



Futures Round-up
NYMEX: Crude to open lower as demand concerns resurface
NYMEX March crude oil is called to open 26 cts lower at $19.81/bbl Tuesday.
March Brent is called to open 35 cts lower at $19.45/bbl. March Brent is called
to open 35 cts lower at $19.45/bbl. March heating oil is called to open 53.30
cts/gal and March unleaded gasoline is called to open 71 pts lower at 58.60
cts/gal.

IPE Brent Focus: IPE Brent crude weakens on anticpated bearish API data
Light selling pressured prices lower in early dealing as front-month March Brent
stood at $19.55/bbl at 1110 GMT, 26 cts off from Monday's settlement while April
suffered similar losses.

News Round-up
Click on the headlines below or paste the URLs provided in your internet browser
to see the full story.

OIL:
UK's Enterprise close to Iran pullout; eyes North Africa
UK explorer Enterprise Oil is close to abandoning its attempts to secure an
asset base in Iran and is looking to North Africa as a possible new core
upstream area, company CEO Sam Laidlaw said Tuesday.
(http://www.platts.com/archives.shtml#58583)

NATURAL GAS:
French energy union slams power, gas privatization
Key French energy union CGT Tuesday firmly opposed growing talk of power and gas
privatization in France. (http://www.platts.com/archives.shtml#58584)

PETROCHEMICALS:
UAE's Abu Dhabi Polymers commissions two PE plants
Abu Dhabi Polymers of the United Arab Emirates is in the course of commissioning
its two 225,000 mt/yr polyethylene plants at Ruwais, a company source said
Tuesday. (http://www.platts.com/archives.shtml#58563)

ADVERTISEMENT:
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Energy Jobs Network, the Jobs Board gives you access to a pool of job seekers
and open positions across the energy industry. It's free for all job seekers,
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ELECTRIC POWER:
Enron Europe group has liabilities of more than $2-bil
The Enron Europe group, the European arm of the collapsed US energy marketer,
has liabilities of more than $2-bil, Neville Khan of administrator
PriceWaterhouseCoopers said Tuesday.
(http://www.platts.com/archives.shtml#58576)

NUCLEAR:
US plants set record generation in 2001
The Department of Energy plans to submit a spent nuclear fuel repository license
application to the Nuclear Regulatory Commission late 2004, Lake Barrett, acting
director of the DOE civilian nuclear waste program, said Feb 4.
(http://www.platts.com/archives.shtml#58549)

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(http://www.platts.com/archives.shtml)

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