Processing 2000 P

11/30/2000 -- Market watch, Nov. 30
Renewed concerns about potential disruptions to Iraqi oil exports helped fuel a rebound in energy futures prices Wednesday on the New York Mercantile Exchange following Tuesday's 'spectacular sell-off' in reaction to news of warmer-than-expected weather forecasts. NYMEX sweet, light crude, the American benchmark, advanced 41� to finish at $34.63/bbl for January delivery, while the February contract stood at $33.49, up by 28�.
11/30/2000 -- Regulators say Wisconsin Energy plan raises big questions
In a filing sure to set off a tough regulatory and legislative struggle, Wisconsin Energy Corp. Thursday asked the Public Service Commission to rule a new generation affiliate can build 1,700 Mw of merchant generating capacity within its electric utility's service territory under existing state law. Wisconsin Energy is also asking for permission for Wisconsin Electric Power Co., its electric utility subsidiary, to spin off existing fossil fuel generation assets to the generation affiliate.
11/29/2000 -- Reliant executive calls for federal restructuring
Robert Harvey, vice chairman Reliant Energy Inc., says the window has closed on market conditions fostering deregulation of the electricity industry. The process has slowed and resulted in an incomplete transition to competition in the wholesale electricity market. Problems remain with access to transmission lines owned by utilities, he says.
11/28/2000 -- Processing news briefs, Nov. 28
Borealis � Middle East Oil Refinery � Foster Wheeler International � Atofina Petrochemicals � Jacobs Engineering Group � National Fertilizer � Pak-American Fertilizer Factory � Fuchs Petrolub � Alhamrani Group � Naseer Brother
11/27/2000 -- Camisea natural gas project gets green light
Following appointment of Peru's Energy and Mines Minister Carlos Herrera last week, two consortia expect to sign contracts Dec. 5 for development of the Camisea gas fields and the transportation and distribution of production. The two consortia�one for the development of the fields and one for transportation and distribution of production�were originally to have signed the contracts Tuesday.
11/24/2000 -- Is OPEC production cut warranted? Maybe, but not in January
Is OPEC's consideration of a production cut after the first of the year warranted?
11/23/2000 -- Executive Q&A: API's Cavaney: Winter fuels issues point to need for energy policy
Red Cavaney, the American Petroleum Institute's president and CEO, recently discussed the nation�s winter fuel supply outlook and energy policy options in an interview with OGJ Online Managing Editor Patrick Crow.
11/23/2000 -- TransCanada inks deals in C$3 billion divestiture program
Calgary-based TransCanada PipeLines Ltd. stands to collect $190 million through the sale, announced today, of its natural gas pipelines and marketing interests in Mexico to a unit of Gaz de France SA, and a Venezuelan gas processing facility to Williams International. The sales form part of a $3 billion (Can.) plus divestiture program by the Canadian company.
11/22/2000 -- US Energy Sec. Richardson proposes Western region rate cap
US Energy Sec. Bill Richardson Wednesday proposed the Federal Energy Regulatory Commission cap rates on existing California electric generation and look into imposing a similar cap throughout the Western region. Richardson filed comments on behalf of the Department of Energy concerning problems in the California wholesale power markets. The Energy Department also said FERC should revisit its investigation of market power abuse in California.
11/22/2000 -- FERC: Curtailing transmission frustrates US Southeast
The US Southeast experienced a 354% increase in transmission line curtailments this past summer over 1999, raising the question of whether such constraints are impeding development of a competitive market in the region, says the Federal Energy Regulatory Commission. The staff investigation found evidence the right of vertically integrated to reserve transmission capacity has been used to deter merchants from siting plants in their respective service territories.
11/21/2000 -- World's first commercial wave power station begins operation
The world�s first commercial wave power station has successfully fed electricity into the UK�s national grid, on the Scottish island of Islay, said sponsor Wavegen. The station has a 15-year power purchase agreement with Public Electricity Suppliers, Scotland. Wavegen and Queen�s University Belfast jointly developed the Land Installed Marine Powered Energy Transformer with European Union support. LIMPET is rated at 500 kw and able to provide enough electricity for about 400 local homes.
11/21/2000 -- California agency says hot summer could produce power shortage
If California experiences extremely hot weather next summer, electricity demand could exceed supply by 915 Mw, says the California Energy Commission. Otherwise, the state should have enough power to meet its electricity demand, the energy commission says in a report released Monday. The report appears to conflict with projections of an 8,000 Mw shortage during peak summer 2001 demand by the California Independent System Operator.
11/21/2000 -- Expansions set for two Indian refineries
The Indian government has approved the expansion of Kochi Refineries Ltd.'s plant at Ambalamugal from 7.5 million tonnes/year to 13.5 million at a cost of 43.7 billion rupees. The government is selling its interests in four 'stand alone' refineries to major companies
11/17/2000 -- Atofina, BP outline Appryl dissolution
BP and TotalFinaElf SA subsidiary Atofina have agreed on how to split up their joint polypropylene subsidiary Appryl, the companies announced Thursday. BP and Atofina began planning to withdraw from the joint venture, formed in 1986, earlier this year. Appryl is owned 49% by BP and 51% by Atofina.
11/17/2000 -- Rodríguez's dilemma
Four production hikes and, according to Organization of Petroleum Exporting Countries figures, over 3.7 million b/d later, OPEC's attempts to steady the price of crude have come to naught.
11/16/2000 -- Canadian drillers advertising for 3,000 workers
The Canadian drilling industry has launched a national campaign to attract a minimum of 3,000 new workers in the face of serious labor shortages and escalating demand for rigs this winter. The Canadian Association of Oilwell Drilling Contractors says there is an unprecedented and severe shortage of people available to work rigs.
11/16/2000 -- BP to sell three US refineries
BP is planning to sell three US refineries and their associated facilities because they do not suit its global refining strategy. The refineries primarily supply wholesale products to local markets rather than to BP's own marketing operations. The three refineries�Salt Lake City in Utah, Mandan in North Dakota and Yorktown in Virginia�have a combined capacity of 177,000 b/d. BP operates five other refineries in the US.
11/15/2000 -- TVA energy storage project decision expected in 'weeks'
The Tennessee Valley Authority and the UK's Innogy Holdings PLC expect to announce within 'weeks' whether modules for a novel new electricity storage system will be fabricated in the UK or in the US, Barry Davidson, development manager of subsidiary Innogy Technology Ventures, said at Power-Gen International.
11/15/2000 -- Centurion reentering Nile Delta field
Centurion Energy International Inc., Calgary, is continuing to develop El Wastani field in Egypt's Nile Delta. The field is on the El Manzala Concession, which covers 420,000 acres in Northern Egypt.
11/14/2000 -- Sinopec expands Nanjing ethylene cracker
Eastern China's Yangzi Petrochemical Corp., a unit of China Petroleum & Chemical Corp. (Sinopec), began a 4.48 billion yuan project to expand the ethylene capacity of Yangzi on Nov 8. The company will raise Yangzi's ethylene cracking capacity to 650,000 tonnes/year from 400,000.

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