Processing 2000 P

08/08/2000 -- California PUC derides deregulated electricity market
In a report to California Gov. Gray Davis, California PUC President Loretta Lynch heavily criticizes the operations of the California Independent System Operator and the functioning of the new deregulated electricity market. The report suggests that state agencies should have more say in how the market functions. The PUC is concerned about the huge electric bills received by San Diegans and the recent rolling blackouts suffered in the San Francisco Bay area.
08/07/2000 -- Finance/Companies news briefs, Aug. 7
Repsol-YPF � Grupo Ipiranga � Pak-Arab Refinery Co. � Total Raffinage Distribution � Total-Parco (Pakistan)
08/07/2000 -- Georgia seeks upper hand on Baku-Ceyhan pipeline project
After months of delay on the planned Baku-Ceyhan pipeline for Caspian Sea oil exports, the focus has fallen on Georgia's demands. Progress on the Baku-Ceyhan oil line between Azerbaijan and Turkey has been stalled for 3 months due to Georgia's conditions for the route, which crosses its territory.
08/04/2000 -- Processing news briefs, Aug. 4
Takreer � Methanex � Pacific Northern Gas � Syntroleum ... Ultramar Diamond Shamrock ... Tosco
08/04/2000 -- Transportation news briefs, Aug. 4
Pembina Pipeline � Husky Oil � Pars Energy � ANR Pipeline � Ci Technologies � Hvide Marine � Gold Star Maritime � Tesoro Maritime
08/04/2000 -- Abu Dhabi awards TotalfinaElf power project
The Abu Dhabi Water & Electricity Authority named TotalFinaElf SA winner of an international tender for the acquisition and extension of the $1.5 billion Taweelah A1 power station, the second such project in Abu Dhabi's utility privatization program. The project will increase the plant's electrical generation capacity to 1,350 Mw from 225 Mw and water desalination capacity to about 380,00 cu m/day from about 130,00 cu m/day, making it one of the world's largest cogeneration plants.
08/04/2000 -- BASF-Petronas acrylics complex on stream
BASF Petronas Chemicals Sdn. Bhd.�a 60-40 joint venture of Germany's BASF AG and Malaysian state oil company Petronas�announced Wednesday that its acrylic monomers complex in Kuantan, Malaysia, is fully operational.
08/04/2000 -- Market watch, Aug. 4
International oil markets continued to rebound Thursday, with traders haunted by fears of more shortages of home heating oil this winter.
08/04/2000 -- GOP platform calls for strong US energy policy
The Republican Party has approved a 2000 US presidential campaign platform that calls for a strengthening of the domestic energy industry. The strategy involves, among other things, exploration and development of the Alaskan coastal plain east of Prudhoe Bay field.
08/03/2000 -- Williams makes major Canadian midstream purchases
Tulsa-based integrated energy giant Williams has made two acquisitions of key Canadian NGL and gas processing assets. Williams agreed today to purchase TransCanada PipeLines Ltd.'s interests in the Cochrane, Redwater, Empress II, Empress V, and Younger NGL extraction plants and the West Stoddart gas processing plant. Separately, Williams reached an agreement to buy Dow Chemical Co.'s 32.5% interest in the Cochin NGL and ethylene pipeline system.
08/02/2000 -- Saudi Coral to expand Moroccan refinery
A subsidiary of the Sweden-based Saudi Coral Group said it would invest $600 million over the next 4 years to expand the Al Muhammadiyah refinery in Morocco.
08/02/2000 -- Market watch, Aug. 2
Energy futures prices rose sharply in trading on the New York Mercantile Exchange Tuesday. Crude oil prices in particular were boosted by news that the Organization of Petroleum Exporting Countries might not raise production to lower prices.
08/02/2000 -- Electric Power news briefs, August 2
Chesapeake Utilities Corp. ... Duke Engineering & Services ... Blakey & Blakey .... AES Corp. ... TransCanada PipeLines Ltd. ... KeySpan Corp. ... American Transmission Co. LLC ... Convergent Group Corp.
08/01/2000 -- LL&E awards gas plant expansion contract
Louisiana Land & Exploration Co. (LL&E), a wholly owned subsidiary of Houston-based Burlington Resources Inc., has awarded a $200 million-plus turnkey project to Washington Group International Inc., Boise, Ida., to expand LL&E's Lost Cabin Gas Plant facility in central Wyoming. The project will more than double the existing capacity of the plant to 180 MMcfd of gas.
08/01/2000 -- Irish minnow snaps up BP gas fields
BP and Tullow Oil PLC yesterday finalized a deal through which the Irish independent will buy two packages of southern North Sea assets formerly held by ARCO through a $305 million cash-only transaction. The sale is designed to secure the European Commission�s approval for BP�s takeover of ARCO.
08/01/2000 -- Karsto expansion in home stretch
Statoil AS�s ambitious 10.4 billion kroner project to expand its Karsto treatment facility north of Stavanger will soon be ready to receive gas from the giant Asgard field in the Norwegian Sea, according to the oil company. Aastein Austerheim, manager for commissioning and operation of the Asgard facility at Karsto, said some 10% if system-testing remains to be carried out, while start-up activities are 50% complete.
08/01/2000 -- California ISO forecasts record power use
The California Independent System Operator is forecasting a electricity demand will hit a record 46,245 Mw today, breaking the previous record of 45,884 Mw set July 12 last year. Southern California Edison spokesman Tom Boyd said the utility interrupted 2,400 Mw Monday, the maximum available in its portfolio of customers who receive discounts in exchange for having their power reduced during peak demand.
08/01/2000 -- Electrical Power news briefs, August 1
DTE Energy Technologies ... CMS Generation Co. ... PG&E Corp. ... Abu Dhabi Water & Electricity Co. ... Cleco Corp. ... Southern Energy Inc. ... General Electric Co. ... Federal Energy Regulatory Commission ... Questar Corp. ... Caminus Corp. ... Nucleus Corp. of Texas
07/31/2000 -- Tosco to acquire Irish National Petroleum assets
Major independent refiner Tosco Corp., Stamford, Conn., said Monday it's taking its first step outside the US market by purchasing all the assets of Irish National Petroleum Corp. Ltd., for $100 million, plus the value of crude oil and products inventory. The assets being acquired include a 75,000 b/d refinery located in Cork, Ireland, and an 8.5 million bbl, deep water crude oil and oil products storage complex located in Bantry Bay.
07/28/2000 -- Netherlands company invests in Pakistan LPG market
Steenkolen Handels Verccniging (SHV), based in The Netherlands, has planned an initial investment of $100 million in Pakistan's liquefied petroleum gas market. The company said its investment in Pakistan will reach $25 million by yearend.

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