Processing 2001 P

08/28/2001 -- Methanex to proceed with Trinidad methanol plant, mothball Alberta plant
Methanex Corp., Vancouver, and BP PLC have decided to proceed with construction of the $400 million, 1.7 million tonne/year Atlas methanol facility in Trinidad. At the same time, Methanex postponed reopening of its Medicine Hat, Alta., methanol facility.
08/28/2001 -- Electric Power news briefs, Aug. 28
Narragansett Electric Co. ... AES Corp. ... Public Service Enterprise Group Inc. ... Calpine Corp. ... Mirant Corp. ... Baltimore Gas & Electric Co. ... Constellation Energy Group Inc. ... PanCanadian Petroleum Ltd. ... American Electric Power Co. Inc. ... ICF Consulting ... Siemens Westinghouse Power Corp.
08/28/2001 -- CITGO to buy the rest of Louisiana lube plant from Conoco
CITGO Petroleum Corp., which owns 65% of the Cit-Con Oil Corp. lubricants and wax refinery at Lake Charles, La., plans to buy Conoco Inc.'s 35% share. Terms were not disclosed. It is the sixth largest paraffinic lubricants refinery in the US.
08/28/2001 -- Market watch: Market basics dampen natural gas and boost gasoline
US futures prices for natural gas continued to fall Monday with record storage levels predicted for this winter, but gasoline futures moved up as supplies tightened ahead of the Labor Day holiday this weekend.
08/27/2001 -- Market watch: US gasoline concerns boost energy futures prices
Concerns over US gasoline supplies helped spur futures prices for oil and refined products Friday after officials of Citgo Petroleum Corp. said it could take 6 months, rather than 6 weeks, to repair damage to their 158,650 b/d Lemont, Ill., refinery.
08/24/2001 -- OPEC aggressiveness despite weak demand means 4Q oil price strength
Even as estimates of global oil demand plunge, the Organization of Petroleum Exporting Countries continues to hold to its strategy of cutting output at the slightest sign of price weakness.
08/23/2001 -- First Cerro Negro shipment leaves port
The first shipment of upgraded crude oil from the $790 million Cerro Negro upgrader complex in eastern Venezuela left port for the 182,500 b/d Chalmette refinery in Louisiana this month, said project partner ExxonMobil Corp. The Venezuelan complex started up in July.
08/23/2001 -- Yukos and Marathon to form investment alliance
Russian oil company Yukos Oil Co. and Marathon Oil Co., part of the USX-Marathon Group, Pittsburgh, plan to form a strategic alliance to evaluate joint energy investments worldwide. As part of the alliance, a joint business development group will be formed and headquartered in London.
08/23/2001 -- ABB acquires Mexican equipment supplier
ABB Group, Zurich, acquired FIP SA, Mexico City, from Walworth de Mexico SA. Financial terms were not disclosed.
08/23/2001 -- Jacobs Engineering Group to acquire McDermott unit
Jacobs Engineering Group Inc., Pasadena, Calif., signed a letter of intent to acquire McDermott Engineers & Constructors (Canada) Ltd. from parent company McDermott International Inc., New Orleans.
08/22/2001 -- Williams awards marketing study to CMAI
Williams Cos. Inc., Tulsa, hired Chemical Market Associates Inc., Houston, to perform an international marketing evaluation as part of an Alaskan petrochemical feasibility study.
08/22/2001 -- TotalFinaElf awards contracts for refinery shutdowns
TotalFinaElf SA, Paris, awarded Camom, a unit of Bouygues Offshore SA, a contract for three scheduled refinery shutdowns. The combined contracts are worth 13 million euros ($11.9 million).
08/21/2001 -- N. Carolina utilities project need for 12,548 Mw
The three major utilities serving North Carolina have projected adding 12,548 Mw of new installed electric generating capacity between now and 2010, state regulators reported. Projected reserve margins will range from about 12%-18%.
08/21/2001 -- BP to close Wilton LDPE plant
BP PLC said Tuesday it will close its low-density polyethylene manufacturing operations at Wilton on Teesside, UK, because of difficult market conditions.
08/21/2001 -- Chevron Phillips, Pequiven mull new styrene monomer plant
Chevron Phillips Chemical Co. LP, Houston, and Pequiven, a subsidiary of Petroleos de Venezuela SA, signed a letter of intent for a feasibility study for a styrene monomer plant in Paraguana, Venezuela.
08/20/2001 -- Electric power news briefs, Aug. 20
NUI Corp. ... Transcontinental Gas Pipe Line Corp. ... Williams ... Suncor Energy Inc. ... Enbridge Inc. ... DTE Energy Co. ... Washington Group International Inc. ... Quanta Services Inc. ... FirstEnergy Corp. ... Pinnacle West Energy ... Laclede Gas Co. ... Northwest Iowa Power Cooperative ... Arizona Public Service
08/20/2001 -- Finance/Companies news briefs, Aug. 20
Anadarko Petroleum ... Torch Offshore ... Energy Africa ... Heritage Oil ... Panhandle Royalty ... Wood Oil ... Harken Energy ... Parallel Petroleum ... Fortum ... Latvijas Gaze ... Cabot Oil & Gas ... Cody ... and more
08/20/2001 -- Bosicor refitted refinery to come on stream in February
Bosicor (Pakistan) Ltd., a refitted oil refinery in the Balochistan province, will start production in February 2002, according to Chairman and CEO Parvez Abbasi. Previously, the refinery was set to come on stream by year's end.
08/17/2001 -- Sinopec lowers 2001 refining run target by 2.8%
China Petroleum & Chemical Corp. has lowered its crude run target for 2001 by 2.8% to 105 million tonnes, flat on year. The decision to trim crude runs was made amid high oil inventories. By the end of July, Sinopec had 6.5 million tonnes of oil stocks.
08/17/2001 -- Fire damage to close Citgo refinery in Illinois up to 6 weeks
Citgo Petroleum Corp.'s Lemont, Ill., refinery could be down for 6 weeks after a fire that occurred this week, said the Organization of Petroleum Exporting Countries' news agency from Caracas.

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Processing 2001 P