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Processing 2000 P

  • 06/01/2000 -- Finance/Companies news briefs, June 1
    Texaco ... Tyumen ... Nova Chemicals � Dynegy � Ontario Teachers Pension Plan Board � Talisman Energy � Tuboscope � Varco ... Krescent Energy ... EEX Operating
  • 06/01/2000 -- Processing news briefs, June 1
    Holly Corp. ... Navajo Refining ... Taiwan�s Ministry of Economic Affairs ... InterOil Corp. ... Koch Petroleum ... BP Amoco
  • 06/01/2000 -- Formosa unit shifts focus to petrochemicals
    Formosa Chemicals & Fibre Corp., a member of Taiwan�s Formosa Plastics Group, has announced that it will switch the focus of its operations from the manufacture of textile materials to the production of petrochemicals.
  • 06/01/2000 -- Chevron-Mitsui JV to provide LPG carriers to Dynegy
    A joint venture of Chevron Corp. and Mitsui & Co. Ltd. has signed a shipbuilding contract with Kawasaki Heavy Industries Ltd. of Japan. The contract calls for construction of two 82,200 cu m LPG carriers, with delivery expected during the last quarters of 2001 and 2002, respectively.
  • 05/31/2000 -- Algeria's Sonelgaz opens up to private investment
    Algerian electricity and gas company Sonelgaz has called for private investors�local and foreign�to invest in the country's power production, over which it holds a monopoly. Potential investments involve construction, exploitation, and maintenance of plants producing up to 2,000 Mw.
  • 05/31/2000 -- NPC to issue report on US refining sector
    The National Petroleum Council, the US Secretary of Energy�s oil industry advisory group, will issue a major report June 20 on the challenges facing the US refining industry. Energy Sec. Bill Richardson requested the report, which will outline the refining industry�s economic viability and continuing capability to meet consumer demands for petroleum products.
  • 05/31/2000 -- General Interest news briefs, May 31
    Cancarb completes thermal carbon black expansion; Canada's ProGas seeks gas export licenses.
  • 05/31/2000 -- Transportation news briefs, May 31
    Coastal Corp. seeks bids on offshore portion of Gulfstream pipeline; Alliance Pipeline bond rating confirmed.
  • 05/30/2000 -- Analyst forecasts $3.35 gas price for this year
    Market analysts Dain Rauscher Wessels Energy Group, a division of Dain Rauscher Inc., raised its US natural gas price forecast for 2000 to $3.35/Mcf from $2.85 to reflect depletion rates, higher demand, and low storage levels.
  • 05/30/2000 -- Empire appraises 1950s Western Australia oil find
    Empire Oil & Gas NL confirmed the Rough Range discovery, made in the 1950s, with its Rough Range 1B appraisal well. Drilled on the Exmouth Peninsula, the well flowed at clean-up rates as high as 1,608 b/d, said the firm.
  • 05/30/2000 -- Tosco settles lawsuits related to refinery explosion
    Tosco Corp. on Friday said it will pay $21million to settle wrongful death suits filed by the families of three workers killed last year in an explosion at its Avon refinery at Martinez, Calif. The three men worked for an outside company that was working for Tosco under contract.
  • 05/30/2000 -- Phenolchemie's Alabama phenol-acetone plant ready for start-up
    Kellogg Brown & Root (KBR), a business unit of Dallas-based Halliburton Co., and its joint venture partner PSI-Lurgi, a Memphis, Tenn.-based subsidiary of Germany's Lurgi Oel, Gas, Chemie GMBH, have completed mechanical work on a new phenol and acetone manufacturing facility in Theodore, Ala., outside Mobile. The $200 million project was undertaken by Phenolchemie Inc.
  • 05/26/2000 -- Energy BioSystems advances biological desulfurization research
    Energy BioSystems Corp., The Woodlands, Tex., on Thursday presented findings validating its approach to improving the enzyme that is the prime reaction determinant in a bacterial strain critical for removing sulfur from petroleum products. The firm has found the gene responsible for the desired properties of the strain of bacteria it uses in the diesel biodesulfurization process it is working to commercialize.
  • 05/26/2000 -- Devon Energy to acquire Santa Fe Snyder in $3.35 billion deal
    Devon Energy Corp., Oklahoma City, has agreed to acquire Santa Fe Snyder Corp., Houston, for about $3.35 billion in stock and assumed debt, in a deal creating one of the top five US independent oil and gas companies. Devon Chairman Larry Nichols says the combined company will be stronger to compete than either partner would be independently.
  • 05/26/2000 -- Duke Energy Field Services Postpones IPO
    Duke Energy Field Services postponed plans for an initial public offering of common stock Thursday, citing volatile market conditions. The company had planned to offer about 20% of its common stock to the public.
  • 05/26/2000 -- Finance/Companies news briefs, May 26
    TotalFinaElf to buy remaining Elf shares; Sonangol and Technip launch Technip Angola Ltd. JV; Tyumen wants stake in Slavneft.
  • 05/26/2000 -- General interest news briefs, May 26
    Tesoro West Coast Co. ... Enmax Corp. ... Vision Quest Windelectric Inc. ... PPL Corp.
  • 05/24/2000 -- Seeking capital, Idemitsu Kosan considers share listing
    Japan's fourth largest oil refiner-distributor Idemitsu Kosan Co. Ltd. is considering a share listing. 'We are thinking of listing our shares, although we do not have a target date,' company president Akira Idemitsu told reporters in Tokyo, adding that the firm will set up a working committee on the subject. Recently it was announced Idemitsu Kosan plans to raise its capital to �30 billion ($280 million) from �1 billion, moving to cut its huge debt to survive tougher competition.
  • 05/24/2000 -- CERA: US gasoline prices will slip
    US gasoline prices are not likely to remain high, even though prices this summer won't be the bargain they were the last two summers, says Cambridge Energy Research Associates. CERA Chairman Daniel Yergin Wednesday briefed a House commerce subcommittee hearing on a CERA study, Gasoline and the American People. '...We don't expect these current price levels to stick,' he said.
  • 05/24/2000 -- Siam Cement plans Thai petrochemical expansions
    Cementhai Chemicals, part of Thailand's Siam Cement Group, is embarking on a $410 million investment plan to expand its petrochemical production capacities in Thailand. The investment forms part of the Thai firm's stepped-up strategy to capitalize on the recent rise in world petrochemical prices, which are expected to peak in 2003, and to become a leading Asia-Pacific chemicals producer.
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