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      HOME  | GAS NEWS  | EVENTS  | JOBS  | BUSINESS CENTERS  | DIRECTORIES  | DATA CENTER    TUESDAY, OCTOBER 16, 2001  	


 	   THIS ISSUE BROUGHT TO YOU BY       Do the right energy professionals have your company's white papers? Gain exposure to thousands by including them in the industry's most respected information resource - the Energy Central Research Report Center. Users are able to quickly sort and view all included documents. Make sure yours is included. To learn how to submit your white papers, e-mail mjohnson@energycentral.com. http://www.energycentral.com/sections/research         TOP STORIES     Natural Gas Cash Softens despite Late Short Covering Spree  Oct. 15 (Btu's Daily Gas Wire) The natural gas spot market ran flat to slightly lower throughout much of the U.S. and Canada despite the early selling in futures trading, according to traders. Special Offer from this Publisher!      The Implications of Order No. 587 for the Gas Pipelines  Oct. 16 (Btu Watch) In 1996, FERC issued Order No. 587, in which it mandated that interstate natural gas pipelines follow standardized procedures for critical business practices and standardized mechanisms for electronic communications, in the form of proposed standards promulgated by the Gas Industry Standards Board (GISB). Special Offer from this Publisher!      Energy Companies Boost Security in Wake of Attacks  By Dan Piller, Fort Worth Star-Telegram, Texas, Oct. 14 Energy companies have taken steps to improve security around refineries, pipelines, storage tanks and processing facilities after the Sept. 11 terrorist attacks.      Press Release      Caminus Corporation to Acquire Software Business of Altra Energy Technologies  New York, NY- October 15, 2001 - (News Release) Caminus Corporation, the energy industry's leading provider of software and strategic consulting for trading and risk management in North America and Europe, today announced that it has signed a definitive purchase agreement to acquire the software operations of Altra Energy Technologies, Inc.      National Energy Policy      Republicans Still Scoping Daschle's 'compromise'  Oct 15, 2001 - E?Publishing Senate Republicans were somewhat perplexed this morning regarding Majority Leader Tom Daschle's (D-S.D.) attempt to trade construction of a natural gas pipeline to Alaska's North Slope for an agreement to not drill in the Arctic National Wildlife Refuge          ADVERTISEMENT    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          Mergers, Acquisitions & Divestitures      Caminus Buys Altra's Software Business for $62 million  Oct. 16 (NGI's Daily Gas Price Index) Caminus Corp. expects to boost its revenues by 40% next year and gain a significantly larger presence in the energy software business with the purchase of Altra Energy Technologies' software operations. Special Offer from this Publisher!       Gas Pricing/Hubs      Most U.S. spot natural gas prices down on mild weather  SAN FRANCISCO, Oct 15 (Reuters) Most U.S. spot natural gas prices traded lower Monday, pressured by milder weather forecasts, though prices at some pipelines firmed on short covering, market sources said.      Canada spot natgas continues lower in mild weather  NEW YORK, Oct 15 (Reuters) Canadian spot natural gas prices were weaker for the second day in a row in tandem with lower U.S. spot prices in mild weather and thin demand, industry sources said.      NYMEX Hub gas ends down on soft cash, mild temps  NEW YORK, Oct 15 (Reuters) NYMEX Hub natgas ended lower Monday in moderate trade, undermined by a slightly softer physical market and fairly mild weather forecasts this week that should limit demand, industry sources said.      Natural Gas Cheaper, but Companies Brace for Revenue Decline in North Texas  By Jim Fuquay, Fort Worth Star-Telegram, Texas, Oct. 13 Sharply lower natural gas prices promise a more affordable heating season for North Texas consumers, but energy producers must struggle with the decline in expected revenue.      Drilling/Exploration      Maybell, Colo.-Area Site Faces Pressure over Natural-Gas Drilling  By Mike Soraghan, The Denver Post, Oct. 14 Looking out from a cliff where Indians once stampeded buffalo to their deaths, visitors can see the Vermillion Basin open up with mounds of red-and-white rock jutting into a field of green that rolls into the horizon.      Futures      Nymex Review: November Natural Gas Ends 5.2c Lower  Oct 15, 2001 - FWN Financial News November natural gas for delivery at the Henry Hub dropped nearly 2 percent Monday in New York trade as markets pondered ample supplies.      LNG      Pacific LNG to Conclude LNG Export Studies  Oct 15, 2001 - South American Business Information Bolivia's natural gas reserves increased by 46.8tri cubic feet, providing the country with foreign political muscle to become an energy distribution center in the region.      Rates    For more information on rate tariffs visit Gas Rate Tariffs   [IMAGE]    AEP Retail Energy Offering Gas-Supply Plans To Residential and Small Business Customers  COLUMBUS, Ohio, Oct. 15 /PRNewswire/ Central Ohioans can control or reduce their natural gas costs for the next two years through a new program being offered by AEP Retail EnergySM, an affiliate of American Electric Power.      General      Lower Gas Prices Good for Farmers  Oct 15 - Associated Press Faced with rising fertilizer costs, many farmers bought their supplies last fall to secure the lowest price they could find.      Deals/Contracts      Williams Executes Agreements with Redbud Energy  Oct 15, 2001 - Business Wire A unit of Williams and Redbud Energy, LP announced today the execution of agreements in which Williams will provide up to 51,980 dekatherms per day of firm natural gas transportation service to the natural gas-fueled Redbud Energy Facility near Luther, Okla.      Statoil to Sign Snohvit Contract  Oct 15, 2001 - FT World Media Abstracts via Comtex Statoil, the Norwegian oil and gas company, will sign the contracts for the sale of gas from the Norwegian continental shelf, Snohvit, on Thursday next week.      People      John J. O'Connor Named Head of Amerada Hess Exploration And Production Operations  NEW YORK, Oct. 15 /PRNewswire/ Amerada Hess Corporation announced today that John J. O'Connor had been named President, Worldwide Exploration and Production of Amerada Hess.      Western Gas Resources, Inc. Announces Chief Financial Officer   DENVER, Oct. 15 /PRNewswire/ Western Gas Resources, Inc. today announced William J. Krysiak has been promoted to Chief Financial Officer of Western effective October 15, 2001.      Financial      Dallas-Based Oil, Natural Gas Company Decides Not to Pursue IPO  By Charlene Oldham, The Dallas Morning News, Oct. 13 Matador Petroleum Corp. withdrew plans Friday for an initial public offering, citing market conditions.      International      Contact to report early due to takeover bid  WELLINGTON, Oct 15 (Reuters) New Zealand power and gas company Contact Energy said on Monday it would bring forward the announcement of its results for the year to September, to help investors evaluate a takeover bid from parent Edison Mission Energy.      Philippine gas pipeline to open amid hopes for oil  By Erin Prelypchan (Reuters) MANILA, Oct 15 (Reuters) The Philippines prepared on Monday to inaugurate a landmark natural gas project amid optimism that explorers could find a new oil field on the rim of gas reserves.      Mideast Dolphin gas project set to accelerate  DUBAI, Oct 15 (Reuters) The $3.5 billion Dolphin gas project is set to gain speed as Dolphin Energy Ltd prepares to sign a production-sharing pact with Qatar and select a financial adviser, industry sources said on Monday.      GdF says interested in new German power group  Oct. 15 (Reuters) Gaz de France said on Monday it had held preliminary talks on participating in a new north-east German power venture aimed at challenging established leaders E.ON and RWE.      INTERVIEW-Dynegy feels gradual approach in Europe vindicated  By Andrew Kelly (Reuters) HOUSTON, Oct 15 (Reuters) Natural gas and power marketer Dynegy Inc. said on Monday it felt vindicated in its step-by-step approach to building a business in Europe in view of recent retrenchments by rival Houston-based companies.      Natural Gas Exploration Plans Taking Shape  Oct 15, 2001 - Africa News Service The developments may have a dramatic effect on the role of the state, energy costs and pollution.      Russia, Poland to Work Out Gas Pipeline Details by Year End  Oct 15, 2001 - Itar-Tass News Agency Details of building a Russian gas pipeline through Poland will be worked out before President Vladimir Putin's upcoming visit to Warsaw.      Tgp to Distribute Gas in Cusco  Oct 15, 2001 - South American Business Information TGP (Transportadora de Gas del Peru) has been conducting prefeasibility studies in order to start distributing gas in Cusco.        If you are an Energy Central News Subscriber and you have checked any news articles above, selecting the 'Get Articles' button below will deliver all of the checked articles in one page. This is a convenient way to get exactly the news you need - quickly!           NEED INFORMATION ON THE POWER INDUSTRY? ENERGY CENTRAL'S GOT IT!    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