General Interest 2001 P

09/19/2001 -- Citgo restarts Illinois refinery, but crude unit remains down
CITGO Petroleum Corp. has begun systematically restarting units at the 158,650 b/d Lemont, Ill., refinery that have been out of service since an Aug. 14 fire in the crude unit.
09/19/2001 -- Petroleum coke to compete with coal in power plants, analysts say
As refineries expand coking capacity around the world, petroleum coke will become a major fuel option for power plants, said analysts DRI-WEFA Inc., Lexington, Mass. More stringent environmental requirements are prompting power plants to install "scrubber" equipment and take other measures to reduce SO2 emissions.
09/19/2001 -- Petronas Carigali, Amerada Hess to explore Indonesian block
Indonesia has awarded Amerada Hess Corp. and Petronas Carigali Sdn. Bhd. the Tanjung Aru Block in the Makassar Straits off Kalimantan. The award is subject to presidential approval and execution of the production-sharing contract.
09/19/2001 -- Premier forms Pakistan joint venture with Kufpec
Premier Oil PLC has formed a strategic partnership with Kuwait Petroleum Exploration Co. K.S.C. (Kufpec) by selling it a 50% interest in its prior joint venture with the Royal Dutch/Shell Group for $105 million.
09/19/2001 -- Shell cuts estimates for global short-term oil production growth
Walter van der Vijver, CEO of Royal Dutch/Shell Group's exploration and production division, told financial analysts Wednesday that upstream production will grow an average of 3%/year to 2005, down from previous forecasts. The key projects that will drive growth beyond 2005 will be in Brazil, Canada, China, Russia, Kazakhstan, and West Africa.
09/19/2001 -- API reports anemic economy kept August gasoline deliveries flat
Gasoline deliveries, a key measure of US consumer demand, were essentially flat in August, rising only 0.1% to 8.927 million b/d, vs. the same month in 2000. The American Petroleum Institute said the sluggish economy was mostly to blame.
09/19/2001 -- NYMEX disrupted by bomb threat
Energy futures prices plummeted Tuesday as international traders focused on a looming global recession, accelerated by a weakening US economy, that they fear will slash world demand for oil.
09/19/2001 -- Texas grid operator to consider board seat for retailers
The board of the Texas grid operator Tuesday asked a committee to investigate giving competitive electricity retailers board representation, after Electric Reliability Council of Texas officials were grilled by a legislative committee. It is unclear if the action will satisfy members of the Texas Legislature's electricity oversight committee.
09/19/2001 -- Analyst predicts surge of petroleum coke use by power plants
As refineries expand coking capacity around the world, petroleum coke will become a major fuel option for power plants, said analysts DRI-WEFA Inc., Lexington, Mass. More stringent environmental requirements are prompting power plants to install "scrubber" equipment and take other measures to reduce SO2 emissions.
09/18/2001 -- US needs international support for market and military action
Concerns over when and where US military forces will retaliate for last week's terrorists attacks will keep energy prices volatile while President George W. Bush tries to build international support, especially among Muslim countries, for a strike, energy and strategic analysts said this week.
09/18/2001 -- FERC expected to clarify 'convergence' companies rules
The Federal Energy Regulatory Commission is expected to clarify standards regulating the relationship of regulated and nonregulated affiliates of 'convergence' energy companies at its Sept. 26 meeting.
09/18/2001 -- Reliant Resources considers sale of Dutch electricity assets
Independent power producer Reliant Resources Inc. said it is evaluating strategic alternatives of its European power generation assets, including the possible sale of its Dutch unit Reliant Energy Power Generation Benelux NV, formerly known as NV UNA.
09/18/2001 -- Market watch: Energy prices fall as NYMEX resumes trading
Energy futures prices fell Monday amid speculation that the Organization of Petroleum Exporting Countries was considering slashing the target price to $20-$22/bbl for its basket of seven crudes to support the battered US economy. However, Adel K. Al-Sabeeh, Iraq's oil minister, claimed that speculation "is totally false."
09/17/2001 -- Xcel Energy files for 40% reduction in Colorado gas costs
Xcel Energy Inc. Monday said it filed a request with the Colorado Public Utilities Commission for a $571 million reduction in the natural gas cost component of the company's retail rates. The gas cost adjustment would reduce the price that customers pay for natural gas by more than 40% starting in October, the company said.
09/17/2001 -- Nabors to offer to acquire Command Drilling
Nabors Industries Inc.'s Canadian affiliate 19552 Yukon Inc. plans to offer to acquire all common shares of Command Drilling Corp., Calgary, for $3.30 (Can.)/share.
09/17/2001 -- Abraham urges atomic agency to heighten security
Global security largely depends on the work of the International Atomic Energy Agency in preventing 'proliferation and misuse of nuclear materials,' US Sec. of Energy Spencer Abraham said Monday. Speaking at the opening of the IAEA general conference in Vienna, Abraham said Tuesday's attacks on US targets proved terrorists will attack 'any' target.
09/17/2001 -- Market watch: NYMEX scheduled to reopen
The New York Mercantile Exchange scheduled an abbreviated open-outcry session for 11 am-2 pm EDT Monday in an energy market that some analysts say will be driven more by an information deficit than by market fundamentals.
09/17/2001 -- Ethanol interests seek to intervene in EPA-California gasoline suit
Fuel ethanol supporters have filed a motion to intervene in the case of California Air Resources Board vs. the US Environmental Protection Agency. The Renewable Fuels Association and the National Corn Growers Association want an oxygen standard retained in reformulated gasoline.
09/17/2001 -- Lundberg survey finds no evidence of recent gasoline price gouging
A Lundberg gasoline price survey has found no evidence of price gouging following the Sept. 11 terrorist attacks in New York City and Washington, DC, last week. The survey found that nationwide gasoline prices increased just 1¢/gal between Sept. 7 and Sept. 13.
09/17/2001 -- Analysts fear terrorist attack could delay industrial recovery
Analysts say a rebound in natural gas and power demand is questionable due to the recent terrorist attacks. Photo courtesy Parker Drilling Co.

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General Interest 2001 P