Platts Energy Bulletin


The daily Energy Bulletin is a showcase of the top headlines posted on
platts.com (http://www.platts.com) over the past 24 hours. To view this file in
html, open the attachment at the bottom of this email. We welcome your feedback
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be found at the bottom of each issue.

February 22, 2002

What's New on platts.com?
Platts Enron Report: Read about the implications of Enron's bankruptcy on the
financial and energy communities.
(http://www.platts.com/features/enron/index.shtml)

Quote of the Day: A selection of industry/OPEC viewpoints.
(http://www.platts.com/quote.shtml)


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(http://www.energyjobsnetwork.com/home.asp?code=platts)

Futures Round-up

NYMEX: Crude to open lower, price slippage to continue
NYMEX April crude oil is called to open 7 cts lower at $20.88/bbl Friday. April
Brent is called 5 cts lower at $20.30/bbl. March heating oil is called to open
44 pts lower at 54.50 cts/gal and March unleaded gasoline is called to open 31
pts lower at 58.05 cts/gal.

IPE Brent Focus: IPE Brent crude unchanged in lacklustre end to week
Front-month April Brent stood at $20.37/bbl at 1102 GMT, unchanged from
Thursday's settlement, and 5 cts shy of the $20.33/bbl low reached earlier in
the session Friday.



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

OIL:
Total North Sea liquids output to rise 2% in 2002: study
Total output of oil, condensate and natural gas liquids from the North Sea is
likely to rise 2% this year to 6.19-mil b/d, with a rise in UK output offset by
Norway's decision to curb its output during the first half of the year, analysts
Wood Mackenzie said Friday. (http://www.platts.com/archives.shtml#59285)

NATURAL GAS:
Industry, FERC must work together after Enron: Brownell
The US Federal Energy Regulatory Commission is "driven" to advance gas markets
and get the industry out from under the cloud of recent "disasters," such as the
collapse of Enron, Commissioner Nora Mead Brownell said Thursday before the
Natural Gas Roundtable, a Washington industry group.
(http://www.platts.com/archives.shtml#59252)

PETROCHEMICALS:
TotalFinaElf chief faces strikes over 1,700 job cuts
TotalFinaElf chairman Thierry Desmarest faced strikes and demonstrations over
plans for 1,700 job cuts, during his visit Friday to Gonfreville refinery and
petrochemical comple in Normandy, France, trade union representatives said
Friday. (http://www.platts.com/archives.shtml#59283)


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ELECTRIC POWER:
NERC board decides against setting business standards
The North American Electric Reliability Council's board of trustees Wednesday
voted to withdraw from competition over which industry body will be responsible
for establishing businesses practices for the wholesale power market.
(http://www.platts.com/archives.shtml#59253)

NUCLEAR:
French Socialists pledge not to raise nuclear capacity
French Socialists have pledged not to raise nuclear generating capacity as part
of an energy policy platform adopted for the upcoming presidential and
legislative elections, officials said.
(http://www.platts.com/archives.shtml#59240)

COAL:
University of Georgia to send out RFP
The University of Georgia in the US expects to solicit in the next few days for
bids to supply 18,000 tons, with an option for an additional 3,000 tons, of
stoker coal to the Athens campus in 2002-2003.
(http://www.platts.com/archives.shtml#59262)

BANDWIDTH:
Storm blows over, as it files for bankruptcy in UK; carrier will liquidate its
network assets
Telia International Carrier chief executive Erik Heilborn predicted a
rationalization of the European market in an interview with BMR Wednesday, and
like clockwork, another carrier folded.
(http://www.platts.com/bandwidth/index.shtml)

To see the past five day's headlines posted on platts.com
go to Platts archives (http://www.platts.com/archives.shtml).





Upcoming Events:

Platts Policies and Methodology Forum, Platts will hold an open forum to discuss
its policies and methodologies on Sunday, March 17 at the Marriott Rivercenter
Hotel in San Antonio, Texas. The forum will be held in conjunction with the
annual meeting of the National Petroleum Refiners' Association. For further
details and to register go to
http://www.platts.com/oil/SanAntonioForum/sanantonioforumregister.shtml

4th Annual ELECTRIC POWER Conference & Exhibition, "Where the Operating
Companies Meet", Over 10 co-located events, 500 exhibiting companies and 6,000+
attendees. March 19-21, 2002, America's Center, St. Louis, Missouri. Organized
by The TradeFair Group, and Sponsored by POWER Magazine and Platts.
(http://www.electricpowerexpo.com/currentshow/home.asp)

"Grid Business: The Midwest," an Electrical World Roundtable in cooperation with
R.J. Rudden Associates and the United States Energy Association. March 20-21,
2002, in St. Louis, Missouri.
(http://www.platts.com/gridbusiness/index.html)

"Navigating the Perfect Storm: Charting Power Generation Success," the 17th
Annual Global Power Markets Conference. March 24-26, 2002, in New Orleans.
(http://www.platts.com/electricpower/GPMConf2002/index.shtml)



PLATTS' MAGAZINES:

Global Energy Business - Top 250 Energy Companies
The first annual survey by Global Energy Business of financial performance for
leading energy companies worldwide presents year 2000 data--assets, revenues,
profits, earnings per share, and return on invested capital--for firms with
assets exceeding $2 billion. Data were supplied by Standard & Poor's, a unit of
The McGraw-Hill Companies, New York, from its Compustat data base.
(http://www.platts.com/business/issues/0201/0201geb_top250.shtml)



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