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To: Douglas V. Fant who wrote (53236)10/19/1999 7:23:00 PM
From: BigBull  Read Replies (2) | Respond to of 95453
 
Douglas, Aggie, Big Dog - Any of you guys in the industry hearing any scuttlebut about that Angola story I posted a few days ago. If true, then will Angola get Hot Hot Hot?

Sure sounded like a bunch of exploratory wells will be drilled going forward 4 years. And DEEEEEP too. I'm starting to get the deepwater warm and fuzzies. How about you guys?



To: Douglas V. Fant who wrote (53236)10/19/1999 9:44:00 PM
From: Think4Yourself  Read Replies (1) | Respond to of 95453
 
OT: Indonesia just voted to revoke the annexation of S. Timor, granting it independence. This according to CNN just now



To: Douglas V. Fant who wrote (53236)10/19/1999 10:12:00 PM
From: Think4Yourself  Read Replies (2) | Respond to of 95453
 
This is incredible. Tht GE Power Systems Unit must have one heck of a backlog! They are getting new orders for NG turbines every week. The supply/demand curve for NG is going to be heavily skewed to short supply next year.

General Electric Wins $290 Mln in Texas Contracts

Fairfield, Connecticut, Oct. 19 (Bloomberg) -- General
Electric Co.'s GE Power Systems unit, the biggest maker of
natural-gas turbines, won contracts valued at almost $290 million
to supply equipment and services to two Texas power projects.

The Lamar project in Paris, Texas and the Guadalupe Power
project in Guadalupe, Texas, will each get four gas turbine-
generators, two 200 megawatt steam generators, services and
training. Both plants will produce 1,000 megawatts of power,
enough to light about 1 million homes.

Lamar is being developed by a joint venture of FPL Group
Inc.'s Florida Power & Light Energy unit and Dallas-based Panda
Energy International, a closely held power-plant developer. The
Guadalupe plant is being developed by a joint venture of PSEG
Americas, a unit of Public Service Enterprise Group Inc. of
Newark, New Jersey, and Panda Energy.

Equipment is scheduled to be shipped before the end of the
year to the Lamar plant, which will begin operating in June. The
Guadalupe project, which will begin operating in January of 2001,
will get its equipment in the second quarter.