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Processing 2000 P4

  • 05/22/2000 -- Finance/Companies news briefs, May 23
    Salomon Smith Barney ... TXU Europe ... Hidroelectrica del Cantabrico ... Union Fenosa ... Star Gas Partners � Erickson Oil � Ledwith Oil � Columbia Energy Group � IMPCO Technologies
  • 05/23/2000 -- Israeli company buys TotalFinaElf refinery
    As planned at the time of the Total/Petrofina SA merger in 1999, TotalFinaElf SA has agreed to sell certain downstream assets in the US. Alon Israel Oil Co. Ltd. will purchase the assets, which include the Big Spring refinery in Texas, a related products transportation network, and a 1,700-strong Fina-branded service station network in the southwestern US. The transaction is expected to be complete in July.
  • 05/23/2000 -- Nigeria awards Warri refinery maintenance contract
    Nigeria awarded Italian company Comerint SPA a $7.6 million contract for turnaround maintenance on its 125,000 b/d refinery at Warri, said a spokesman for Nigerian National Petroleum Corp. The work is expected to be completed within 5 months. The contract is part of a drive by NNPC to repair all its refineries, which have been plagued for years by repeated and debilitating failures.
  • 05/23/2000 -- Transportation news briefs, May 24
    Florida Gas Transmission Co. starts construction of Florida line; Peru sets Camisea distribution contract tender date.
  • 05/24/2000 -- NERC issues summer power supply warning in key US regions
    The heat is on the power industry in New England, New York, and parts of the Southwest US, including California. These areas could all be vulnerable to power outages this summer, says the North American Electric Reliability Council in its annual assessment of generating and transmission capacity.
  • 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 -- 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.
  • 05/26/2000 -- General interest news briefs, May 26
    Tesoro West Coast Co. ... Enmax Corp. ... Vision Quest Windelectric Inc. ... PPL Corp.
  • 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 -- 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 -- 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.
  • 05/30/2000 -- 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.
  • 05/30/2000 -- 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 -- 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 -- 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.
  • 05/31/2000 -- Transportation news briefs, May 31
    Coastal Corp. seeks bids on offshore portion of Gulfstream pipeline; Alliance Pipeline bond rating confirmed.
  • 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 -- 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.
  • 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 -- Processing news briefs, June 1
    Holly Corp. ... Navajo Refining ... Taiwan�s Ministry of Economic Affairs ... InterOil Corp. ... Koch Petroleum ... BP Amoco

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