Processing 2000 P

10/24/2000 -- Kinder Morgan Energy Partners buy Cochin Pipeline interest
Nova Chemicals Corp. used its first-refusal right to acquire Dow Chemical Canada Inc.'s 32.5% interest in Cochin Pipeline Co., which it then agreed to sell to Kinder Morgan Energy Partners LP, company officials said this week. None of the details of either acquisition was disclosed.
10/24/2000 -- Processing news briefs, Oct. 24
Formosa Petrochemical � US Supreme Court � Unocal
10/20/2000 -- US refineries set distillate production record
US oil refineries produced record volumes of distillate fuel for the second month running, with output averaging 3.76 million b/d, up 8% on September 1999, the American Petroleum Institute stated today in its monthly statistical report.
10/20/2000 -- Finance/Companies news briefs, Oct. 20
ABB Vetco Gray � Yellowstone Energy Products � St. Mary Land & Exploration � Colt Resources � JN Exploration & Production � Paper, Allied-Industrial, Chemical, and Energy Workers International Union � Crown Central Petroleum � Chevron � Texaco � Shell Australia � ExxonMobil � Sinopec
10/19/2000 -- Scientist questions MTBE water and health risk
The contamination of methyl tertiary butyl ether in California's drinking water supplies might not be as widespread as originally thought, said a scientist speaking at the DeWitt & Co. MTBE, Oxygenates & Methanol conference Wednesday in Houston.
10/19/2000 -- TotalFinaElf awards Iranian company Balal subcontract
TotalFinaElf SA has awarded Iranian firm Iranian Offshore Engineering & Construction and its Singapore partner, Sembawang�a unit of Sembcorp Industries Ltd.�a subcontract to work on the Balal oil field project off Iran, reported the Middle East Economic Digest.
10/19/2000 -- UAE refining company aims to increase production
The Abu Dhabi Refining Co. (Takreer) is aiming to increase its refining capacity to 500,000 b/d, it was reported by a Dubai daily. The move is part of the company's plan to satisfy increasing local and international demand for oil products.
10/19/2000 -- Report: Six electric generators will control 85% of US capacity
In a decade, six electric generating companies will control 85% of the US electricity capacity. Distribution will be handled by 10 major players, and retailing of electricity will come from many companies of all stripes from the familiar incumbent to specialty retailers hawking baskets of energy services to specific consumers, according to the findings of a new report.
10/18/2000 -- BPCL, ONGC in long-term crude purchase pact
Two Indian government-owned companies, Bharat Petroleum Corp. Ltd. and Oil & Natural Gas Corp. plan to sign a long-term crude procurement agreement to meet some of the former�s requirements after the full deregulation of the oil sector in 2002.
10/18/2000 -- ExxonMobil�s Thompson: Latin oil potential appealing-if terms are right
In a world that should see continued robust growth in oil and gas demand for the next 20 years, Latin America offers some of the most appealing prospects for petroleum company investment, according to Jon L. Thompson, president of ExxonMobil Exploration Co., the chief upstream unit of supermajor ExxonMobil Corp.
10/17/2000 -- Dynegy's third quarter earnings up 83%
Dynegy Inc. said Tuesday recurring third-quarter net income was up 83% to $176.5 million, or 55�/share, reflecting the performance of its wholesale energy marketing and trading operations which profited from volatile US natural gas and power markets. Senior executives forecast fourth-quarter earnings of 22�-25�/share, meeting or just below current Wall Street estimates during a conference call.
10/17/2000 -- Enerchem awards Technip LLDP plant contract
Enerchem, on behalf of Iran's Amir Kabir Petrochemical Co., has awarded Technip SA a 100 million euro contract for a new linear low-density polyethylene plant to be built at Bandar Imam in the Iranian free zone on the coast of the Persian Gulf.
10/16/2000 -- 'Historic partners' Chevron and Texaco plan quick consolidation
With a 65-year 'historic partnership' through their Caltex international refining and marketing joint venture, Chevron Corp. and Texaco Inc. should move faster in fusing their similar cultures, without the disruption of upstream activity experienced in other megamergers, company officials claimed Monday.
10/16/2000 -- Electric Power news briefs, October 16
MidAmerican Energy Co. ... Bonneville Power Administration ... Los Angeles Department of Water & Power ... Cinergy Corp. ... Schlumberger Ltd. ... Convergent Group Corp. ... KeySpan Corp. ... Gulf Canada Resources Ltd. ... TriGas Exploration Inc. ... and Calpine Corp. ... Oneok Inc. ... Williams ... Allegheny Energy Inc. ... Genosys Technology Management Inc. ... ABB Water Meters Inc. ... Itron Inc. ... Energy Information Administration
10/16/2000 -- Empire to launch an extended production test on Rough Range field
Perth-based junior Empire Oil & Gas NL has been granted permission by the Western Australian Department of Minerals and Energy to commence an extended production test of the Rough Range 1B well for an initial period of 6 months. Rough Range field, in Carnarvon Basin near the town of Exmouth, was first discovered by West Australian Petroleum Pty. Ltd. in 1953 and is widely credited with beginning the post-World War II oil search in Australia.
10/16/2000 -- Natuna gas delivery to Singapore expected ahead of schedule
First supplies of Indonesian natural gas to Singapore will arrive in 2 months�some 6 months ahead of schedule. A source said the 640-km subsea pipeline connecting Singapore with the West Natuna is ready and the first delivery is expected in December.
10/16/2000 -- Techint consortium registers for $1 billion Camisea tender
Peru�s energy and mines ministry announced that a consortium led by Techint, Argentina, has registered to participate in the tender scheduled for Oct. 20 for a 40-year concession to build and operate the installations for the transport and distribution of Camisea natural gas and liquids from the gas fields 500 km east of Lima to the coast.
10/13/2000 -- Kinder Morgan to buy transmix processing business
Houston-based Kinder Morgan Energy Partners LP has agreed to buy the transmix refining business of Buckeye Pipe Line Co., general partner of Buckeye Partners LP, Emmaus, Penn., for $37 million in cash plus net working capital. The deal is set to close before the end of October.
10/12/2000 -- Phillips sells coal assets, raises cash
Phillips Petroleum Co., Bartlesville, Okla., said Thursday it has sold its coal interests in three separate transactions for $191 million, representing a $48 million after-tax gain. Portions of these transactions are expected to add about $18 million in net income to Phillips's third quarter earnings, and an estimated $30 million in the fourth quarter, the company said.
10/12/2000 -- API: Jet fuel production at record-setting levels
The chief economist of the American Petroleum Institute told members of a US House of Representatives subcommittee on aviation Wednesday that US refinery utilization rate of 94% is pushing jet fuel production to a 'record-setting pace.'

Home

General Interest

Exploration & Development

Drilling & Production

Processing

Transportation

Home

2000

Processing 2000 P