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As a result, a major emphasis of pipeline operations in the United States is safety.
Profit declined at its chemicals unit and pipeline operations, ConocoPhillips said.
El Paso announced last spring that it was exploring spinning them off to shareholders to focus on its pipeline operations.
Either way, Williams is still determined to shed the exploration and production business to focus on its pipeline operations.
Yet with rare exceptions, like El Paso's move on Tuesday to separate its refining and pipeline operations, they generate few headlines.
The settlement will result in an $8 million charge to fourth-quarter 2002 profit from gas pipeline operations, the company said.
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The transaction includes the 550-mile Calnev pipeline operation, which transported an average of 112,000 barrels of refined products a day last year; and the 195-mile central Florida pipeline, which moved a daily average of 85,000 barrels of refined products.
These pipeline operation scheduling models consider the inventory of depots as a constraint.
When oil refiner Valero spun off its pipeline operation NuStar, it was trying to simplify its businesses.
McRAIT installation can be performed initially (at the construction of the pipeline) or when needed by the pipeline operation.
This allows the use of the method as a tool for pipeline operation, maintenance and abandonment.
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