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Processing 2000 P14

  • 09/13/2000 -- MMS outlines deepwater royalty relief program
    The US Minerals Management Service Wednesday announced a proposed rule to continue, but limit, deepwater Gulf of Mexico royalty relief. The agency proposes to provide relief, as needed, for new leases issued after November 2000.
  • 09/14/2000 -- Transportation news briefs, Sept. 14
    Crosstex Energy Services � Western Gas Resources � Reliant Energy Gas Transmission � Longhorn Partners Pipeline � Texas Railroad Commission � Westcoast Energy
  • 09/15/2000 -- Eni doubles second quarter income
    Italy's Eni SpA yesterday joined the ranks of international oil and gas giants recording best-ever second quarter financials in recent weeks with its announcement of net income topping 2.6 billion euros, more than double the amount reported at this time last year. The company explained the jump in net income as chiefly the result of 'the exceptional increase in the prices realized by [the company] on hydrocarbons produced and refining margins.'
  • 09/18/2000 -- EU to discuss fuel protests this week
    European Union ministers are due to meet in Brussels Sept. 20 to discuss European fuel supplies, as protests of high fuel prices died down in Britain late last week but picked up steam in Germany and other parts of Europe. In Belgium, the Port of Antwerp was blockaded, and Brussels was brought to a virtual standstill.
  • 09/18/2000 -- Petrobras to remain dominant in Brazil for a decade
    Despite Petroleo Brasileiro SA's loss of its 40-year monopoly on Brazil's oil sector in 1997, the company's strength and critical mass still give Petrobras enough muscle to dominate Brazil's oil and gas industry for the next decade, allowing it to "effectively hold back the deregulation process in Brazil," says Edinburgh-based Wood Mackenzie Consultants Ltd.
  • 09/18/2000 -- Harza orders 250 Capstone units
    Harza Engineering Co. Inc., Chicago, and Capstone Turbine Corp. reported a 3-year agreement under which Harza will order 250 Capstone MicroTurbine power systems, Capstone reported Monday, its second major deal in 2 months. This summer the New York State Department of Public Service approved the Capstone MicroTurbine as the first 3-phase distributed generation device permitted to operate in parallel with utilities in the state as part of the state�s new distributed generation standard.
  • 09/19/2000 -- PDVSA offers Bahamas terminal for US heating oil storage
    The US could use facilities in the Bahamas belonging to Petroleos de Venezuela SA (PDVSA) to store heating oil against possible supply shortfalls this winter, said Hector Ciavaldini, president of the Venezuelan state oil company. Recently there has been much concern over lower levels of heating oil in storage than average, prompting many to speculate about shortages this winter, particularly in the northeast US.
  • 09/20/2000 -- Nigeria awards Siemens $120 million power project
    Nigeria's state-run National Electric Power Authority (NEPA) has awarded a $120 million contract to Germany's Siemens AG for the construction of a 276 Mw skid-mounted power generating plant at Afam, in Rivers State, southeast Nigeria. Erratic performance by the nation's power plants has forced Nigerian President Olusegun Obasanjo's administration to place more emphasis on improving supplies to attract much-needed investments from within and outside the country.
  • 09/20/2000 -- Duke negotiating on 32,200 Mw of power
    Duke Energy Corp. units plan to bring 10-11 new power facilities on line during 2002-2003, Sue Becht, head of investor relations for the Charlotte, NC-based firm, told analysts attending the Dain Rauscher Wessels conference in Houston. Duke is currently negotiating to build 32,200 Mw of additional generation with a capacity to burn up to 6.4 bcf/day of natural gas, Becht said.
  • 09/20/2000 -- Duke reconsidering field services IPO
    Duke Energy Corp. officials say the company is reconsidering making an initial public offering (IPO) of stock in Duke Energy Field Services LLC, its 69.7%-owned midstream energy unit. Sue Becht, head of investor relations for Charlotte, NC-based Duke, told analysts attending the Dain Rauscher Wessels conference Tuesday in Houston the company will be making a decision soon regarding the IPO.
  • 09/22/2000 -- Energy strategy
    American Petroleum Institute Pres. Red Cavaney says the US needs to open a discussion on drafting a national energy strategy.
  • 09/22/2000 -- TIMING WRONG FOR DRAWDOWN OF CRUDE FROM SPR
    Now is the worst time in the history of the world for the US government to market crude oil from strategic storage. Yet Vice-Pres. Al Gore wants to do precisely that.
  • 09/22/2000 -- Electric Power news briefs, September 22
    South Carolina Electric & Gas Co. ... Innovatec Communications LLC ... Conectiv ... Dayton Power & Light Co. ... Nicor Gas Inc. ... NRG Energy Inc. ... Itiquira Energetica SA ... U.S. Energy Systems Inc. ... Castlebridge Partners LLC ... Utility.com ... New Jersey Sports & Exposition Authority ... NewEnergy ... Niagara Mohawk Power Corp. ... TXU Australia ... Convergent Group ... Florida Power & Light Co. ... Texaco Energy Systems Inc. ... Energy Conversion Devices Inc. .... Illinois Power
  • 09/23/2000 -- Clinton orders 30 million bbl released from SPR
    The Clinton Administration said Friday it will release 30 million bbl from the Strategic Petroleum Reserve over 30 days to reduce crude oil prices and increase home heating oil and gasoline stocks. Oil could be taken as Oct. 8 and all 30 million bbl will be released by Nov. 1.
  • 09/25/2000 -- Sunoco announces maintenance turnarounds for Delaware Valley refinery complex
    Sunoco Inc., Philadelphia, Pa., plans to begin routine maintenance Friday on a 93,000 b/d fluid catalytic cracking unit at its Marcus Hook refinery. Other associated processing units at Marcus Hook, including the gas plant, the alkylation unit, and an 85,000 b/d crude unit, will also be shut down for scheduled maintenance, which is expected to take 4 weeks.
  • 09/25/2000 -- Saudi Aramco awards $28 million offshore networking contract to General Dynamics
    Saudi Aramco has awarded General Dynamics Worldwide Telecommunication Systems�a business unit of Falls Church, Va.-based General Dynamics Corp.�a $27.8 million contract to build a new fiber-optic network connecting its Persian Gulf offshore oil platforms to the mainland.
  • 09/25/2000 -- BP to award $20 million grant to Caltech, UC-Berkeley
    BP said it has established a research program at the California Institute of Technology (Caltech) and the University of California at Berkeley (UC-Berkeley) to study the catalytic conversion of methane, the principal component of natural gas, into liquid fuels and chemicals. BP will give the schools $20 million to conduct the 10-year research project.
  • 09/26/2000 -- API says US refineries running at capacity
    The American Petroleum Institute said Monday that US refineries are running flat out to ensure that consumers have a readily available heating fuel supply this winter. It said while the Clinton administration's release of crude from the Strategic Petroleum Reserve may reduce crude and product prices somewhat, it will not necessarily add to heating oil production because refiners are operating at near capacity, and their ability to process additional crude is limited.
  • 09/26/2000 -- UK-UAE joint venture to build Indonesian refineries
    A United Arab Emirates-UK venture is planning to build two oil refineries in the Indonesian provinces of Aceh and West Nusa Tenggara with a total investment of $2.8 billion, the Indonesian News Agency has reported.
  • 09/26/2000 -- BP-led joint venture proposes Chinese acetate esters plant
    BP said Monday that its Yangtze River Acetyls Co. Ltd. (YARACO) joint venture has submitted a feasibility study to the Chongqing Municipal government for a project to produce acetate esters in China.

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