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Processing 2000 P8

  • 07/05/2000 -- Indian gas-based ethylene project takes step forward
    The sagging economy of India's northeastern state of Assam is expected to get a major boost, with preliminary work on a 44 billion rupee ($1 billion) gas cracker project expected to be launched by mid-August.
  • 07/05/2000 -- RWE-DEA, Aker Maritime apply for block off Norway
    German energy company RWE-DEA AG and Norwegian oil field service firm Aker Maritime ASA said Wednesday they've filed an application to become licensees of Block 35/3 in the Norwegian North Sea. The block contains a natural gas field discovered in 1980, but was deemed unprofitable at that time. With the aid of new technology and new work models, Aker Maritime and RWE-DEA say they now see opportunities for profitable development.
  • 07/05/2000 -- Statoil awards Kvitebj�rn drilling package
    Norway's Statoil AS said Wednesday it has awarded a 930 million kroner contract to Heerema T�nsberg for the drilling package for a platform to be installed at Kvitebj�rn gas-condensate field in the Norwegian North Sea. The contract involves engineering, procurement, and construction of two modules with a combined weight of about 3,000 tonnes.
  • 07/06/2000 -- Ultramar Diamond Shamrock to buy Tosco's Avon refinery
    Ultramar Diamond Shamrock Corp. (UDS), San Antonio, has agreed to buy the Avon refinery of Tosco Corp., Stamford, Conn. UDS will pay $650 million in cash plus a 'participation' payment of as much as $150 million, to be paid over the next 8 years, for the 168,000 b/d San Francisco Bay area plant.
  • 07/06/2000 -- Electric Power news briefs, July 6
    Cinergy Corp. ... Convergent Group ... TransAlta Corp. ... Quanta Services Inc. ... DQE Inc ... Ballard Power Systems Inc. ... EBARA Corp. ... American Electric Power Co. Inc.
  • 07/07/2000 -- Processing news briefs, July 7
    Methanex ... Sterling Chemical ... BP Amoco Chemicals ... Engelhard ... Sasol ... Norsk Hydro ... Trevisa Investimentos SA-Grupo Trevo ... Adubos Trevo
  • 07/07/2000 -- El Paso Energy completes purchase of half of Hanwha Energy
    El Paso Energy Corp., Houston, has completed its purchase of 50% of South Korea's Hanwha Energy Corp. with the payment of $100 million to the company. Hanwha Energy owns a 1,650-Mw power plant at Inchon, west of the capital Seoul.
  • 07/07/2000 -- Hanwha Energy to boost Inchon plant output
    South Korean company Hanwha Energy Corp. said it will boost the capacity of its power plant at Inchon, west of Seoul, to 1,800 Mw from 1,640 Mw. The decision was announced just after Houston-based El Paso Energy Corp. completed its purchase of 50% of Hanwha with the payment of $100 million.
  • 07/10/2000 -- Erika spill prompts EU transportation safety measures
    Even as efforts continue to pump out the 12,000-15,000 tonnes of heavy fuel oil left in the TotalFinaElf SA-chartered Erika tanker�which sank off the Atlantic coast of France Dec. 12, 1999, contaminating French beaches�France has begun its 6-month presidency of the European Union determined to push through measures to prevent similar accidents. Among other things, the country wants to tighten tanker requirements and raise compensation fund ceilings.
  • 07/10/2000 -- Bouteflika supports partial privatization of Sonatrach
    Algerian President Abdelaziz Bouteflika has affirmed his support for the partial privatization of the national oil company, Sonatrach, which he says would render the company more profitable. He cautioned that the privatization, however, must be carried out with transparency and in a way that allows the state to remain the majority shareholder.
  • 07/10/2000 -- TransCanada: Millennium pipeline may be delayed
    TransCanada PipeLines Ltd., Calgary, says completion of the proposed $1.35 billion (Can.) Millennium pipeline could be delayed for more than a year due to regulatory setbacks. The proposed 551-mile pipeline would carry gas from Dawn, Ont. to Westchester County, NY.
  • 07/10/2000 -- Processing news briefs, July 10
    Hurricane Hydrocarbons Ltd. � China National Petroleum Corp. � Format International Ltd. � Oyuni Urdra Corp. � Iran's National Petrochemical Co. � South Korea Ministry of Defense
  • 07/11/2000 -- Sempra to buy Dominion's Argentine assets
    Sempra Energy International, a subsidiary of Sempra Energy, San Diego, Tuesday said it has signed an agreement with Dominion Resources Inc., Richmond, Va., to purchase Dominion's natural gas and electricity assets in Argentina for $145 million in cash.
  • 07/11/2000 -- Market watch: July 11
    Continued worries about increased OPEC production drove down world oil prices Monday, while the unexpected shutdown of a Pennsylvania refinery boosted gasoline futures on the New York Mercantile Exchange as traders shadow-boxed their various fears.
  • 07/11/2000 -- Private petrochemical firm launched in Saudi Arabia
    A new private Saudi Arabian petrochemical firm called Saudi International Petrochemical Co. has let contract to Fluor Daniel, Aliso Viejo, Calif., for overall project management of its first petrochemical complex, to be built at Al Jubail. The SIPC complex will produce methanol, maleic anhydride, butanediol, acetic acid, and vinyl acetate monomer.
  • 07/11/2000 -- General interest news briefs, July 11
    US Energy Information Administration � Formosa Petrochemical Corp. �Chinese Petroleum Corp. � PDVSA Bitor
  • 07/12/2000 -- Report: Eastern Europe cogeneration market to grow
    Deregulation of gas and electricity market is projected to boost demand for cogeneration facilities in the relatively unsaturated markets of central and eastern Europe markets, predict industry experts. Frost & Sullivan estimates the market for cogeneration equipment in eastern Europe could rise to $700 million in 2006 from $380 million in 1999.
  • 07/12/2000 -- Dow to build Gulf Coast POSM plant
    Dow Chemical Co., Midland, Mich., on Tuesday announced it will build a propylene oxide and styrene monomer (POSM) facility at one of its fully integrated sites on the US Gulf Coast. The new plant is scheduled for completion in mid-2004.
  • 07/12/2000 -- Japanese refiners to rationalize lubes facilities
    Three of Japan's largest oil refiners�Nippon Mitsubishi Oil Corp., Idemitsu Kosan Co. Ltd., and Japan Energy Corp.�separately have announced plans to reduce their facilities for refining and distributing lubricants in an effort to further reduce operating costs.
  • 07/12/2000 -- InterGen, AEP complete Mexican power plant financing
    InterGen, a Shell-Bechtel joint venture, and AEP Resources, a subsidiary of American Electric Power Co. Inc., Wednesday reported closing on $435 million in credit facilities for the Bajio power plant, a 600 Mw, natural gas-fired, combined-cycle power facility under construction near San Luis de la Paz.
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