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Processing 2000 P

  • 07/28/2000 -- Repsol-YPF to sign $1 billion swap accord Monday
    The Brazilian oil major Petroleo Brasileiro SA and Spain's Repsol-YPF SA have finalized an agreement to swap assets, said a Petrobras statement. Signing of the memorandum of understanding will take place on Monday. The transaction was originally announced in April. The assets involved in this swap are worth more than $1 billion; the definitive figure will be released within 2 to 3 months.
  • 07/28/2000 -- GCC studies gas grid proposal
    The Doha-based Gulf Organization for Industrial Consulting, a Gulf Cooperation Council think tank, is studying the feasibility of a proposed $2 billion gas grid project among GCC countries.
  • 07/27/2000 -- Finance/Companies news briefs, July 27
    TNK-Ukraina � Lysychansknaftaorgsyntez ... Nafta Polska � Rafineria Gdanska ... Encal Energy
  • 07/27/2000 -- Market watch, July 27
    Energy futures prices closed mixed in trading on the New York Mercantile Exchange Wednesday, with bullish inventory numbers from the American Petroleum Institute putting downward pressure on most prices. According to the weekly inventory report released by API after the end of trading on Tuesday, the nation's crude stocks added 1.88 million bbl to end at 293.75 million bbl.
  • 07/27/2000 -- FuelCell Energy nearing commercialization
    Betting on commercialization of its fuel cell power plants next year, FuelCell Energy Inc. broke ground Wednesday on a new manufacturing facility in Torrington, Conn. The company expects to begin taking commercial orders in 2001-2002.
  • 07/27/2000 -- Petronas secures financing for petrochemical projects
    Malaysia's national oil company Petronas has raised $323.2 million to fund petrochemical projects via a term loan facility provided by a syndicate of financial institutions in Labuan, Malaysia.
  • 07/26/2000 -- Processing news briefs, July 26
    Rentech � Forest Oil � Intec Engineering � Jacobs Engineering � Eastman Chemical � W.R. Grace & Co. � BHP � ABB � Petrofac International � CCL Oil � Giant Industries � Western Refining
  • 07/26/2000 -- Cat cracker installed at Turkmenistan refinery
    French engineering and construction firm Technip SA has nearly finished installing a fluid catalytic cracker at the Turkmenbashi refinery in Turkmenistan. The unit has capacity to process 1.8 million tonnes/year of oil and produce 900,000 tonnes/year of gasoline.
  • 07/25/2000 -- Pertamina to cover gasoline shortfalls with imports
    The Indonesian government has asked state oil firm Pertamina to begin importing gasoline from Malaysia, Singapore, and China to cover a shortfall in the domestic market, caused by a 10% decline in output from local refineries.
  • 07/24/2000 -- Power reform tops Mexico President-elect Fox's agenda; clout questioned
    Just 2 weeks after Vicente Fox dramatically won Mexico's presidential elections and unseated the Institutional Revolutionary Party from the national government for the first time in over 70 years, the president-elect's transition team has already indicated that they will seek a further opening to private investment in Mexico's energy sector. It's an open question, however, whether Fox will have the political clout to undertake additional reforms in the state-run petroleum company Pemex.
  • 07/24/2000 -- Mexico President-elect Fox to focus first on electricity, petrochemical reforms
    Just 2 weeks after Vicente Fox dramatically won Mexico's presidential elections and unseated the Institutional Revolutionary Party from the national government for the first time in over 70 years, the president-elect's transition team has already indicated that they will seek a further opening to private investment in Mexico's energy sector. It's an open question, however, whether Fox will have the political clout to undertake additional reforms in the state-run petroleum company Pemex.
  • 07/24/2000 -- Williams mulls telecom spinoff
    Tulsa-based Williams Sunday said the board of directors Sunday authorized management to pursue a course of action that could lead to a complete separation of the company's energy and communications businesses. Keith E. Bailey, chairman, president, and chief executive officer, said that, while no specific course of action has been determined, the process would take no more than 18 months.
  • 07/21/2000 -- Electric Power news briefs, July 21
    Midwest Independent Transmission System Operator ... ALSTOM ESCA Corp. ... Open Access Technology International ... Perot Systems ... TenFold Corp. ... New Jersey Board of Public Utilities ... Florida Power & Light Co. ... Broken Hill Pty. Co. Ltd. ... ABB Group ... Petrofac International Ltd. ... GPU Energy ... AmerGen Energy Co ... British Energy Inc. ... PECO Energy Co. ... Cross Bay Pipeline Co. LLC ... Williams ... Duke Energy ... KeySpan Corp. ... Elizabethtown Gas Co. ... Nooter/Eriksen
  • 07/21/2000 -- W.R. Grace, Tyumen Oil sign catalyst marketing agreement
    W.R. Grace & Co., Columbia, Md., and Russia's Tyumen Oil Co. said Wednesday that they've agreed to market hydroprocessing catalysts in Eastern Europe and the former Soviet Union.
  • 07/21/2000 -- Ruhr Oel awards refinery construction contract
    Ruhr Oel GMBH this week awarded a contract for a clean-fuels project at one of Germany's largest oil refineries to Fluor Daniel, the engineering and construction unit of Fluor Corp. Fluor Daniel will revamp and upgrade two diesel desulfurizers and construct a new gasoline desulfurizer using a process from French technology provider Institut Fran�s du P�ole. The refineries' utility and infrastructure systems also will be upgraded and modified to accommodate the changes.
  • 07/21/2000 -- Mexico's outlook
    The election of a new government may speed the liberalization of the Mexican energy sector.
  • 07/20/2000 -- Tyumen Oil to boost production at Ukraine refinery
    Tyumen Oil Co., Moscow, said Wednesday that it will boost production at the Lisichansk oil refinery (Linos) in the Ukraine. Tyumen signed papers today finalizing the bid of $9.76 million it made at a public auction for a 67.41% interest in the formerly state-owned facility. The company will also assume $63 million in debt.
  • 07/20/2000 -- API says gasoline supplies still tight
    The American Petroleum Institute warned Wednesday that, although prices of gasoline in the upper Midwest have returned to normal levels, supplies remain tight across the US. API Pres. warned that, as long as that the tight supply-demand balance persists, problems in industry operations may cause price volatility.
  • 07/19/2000 -- Maoming Petrochemical to expand ethylene cracker
    Guangdong-based Maoming Petrochemical Corp. will submit a feasibility study for expanding its ethylene cracker to its parent company, China Petrochemical Corp. (Sinopec), in August. Plans call for increasing capacity from the current 350,000 tonnes/year to 850,000 tonnes/year by 2003 in a bid to improve the viability of operations by lowering costs and gaining competitiveness in prices.
  • 07/19/2000 -- PSEG to build 1,186 Mw facility at Linden
    Demonstrating the value of existing permitted sites, PSEG Power LLC, Newark, NJ, said it will build a new, two-unit, 1,186 Mw natural-gas fired combined cycle generating facility at its Linden generating station, Linden, NJ, and retire three 436 Mw oil-fired steam units.
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