Internet Site Allowing Energy News

BP Amoco Plc., Royal Dutch/Shell, Texaco Inc., and Chevron Corp. are developing an Internet site allowing energy companies to buy and sell fuel for ships. The companies said the site (www.OceanConnect.com) would be up and running by the second quarter of this year, marking the latest in a series of projects by energy companies aiming to jump into e-commerce.In the past week Shell, Chevron, and Norway's state-run Statoil have all unveiled separate Internet ventures in an effort to save costs. OceanConnect.com will provide users with up-to-the-minute market and weather information and feature an auction site and e-mail-enabled transactions for purchase and sale of marine fuels and services, the company said.