Processing 2001 P

08/16/2001 -- Centurion to link Gelgel discovery in Egypt to Abu Monkar development
Centurion Energy International Inc., Calgary, said Gelgel-1 well in Egypt was tested from two zones at a combined maximum rate of 31 MMcfd of gas over 72 hr. The test from the two zones was through a 7/8-in. choke with average wellhead pressure of 1,100 psi. The test yielded no water or impurities.
08/16/2001 -- Enerchem to build fractionation plant at Slave Lake, Alta.
Enerchem International Inc., Nisku, Alta., will build a fractionation plant in the Slave Lake area of Alberta. The plant will complement the operations of Enerchem subsidiary Trysol Canada Ltd., which provides oil-based specialty solvents.
08/15/2001 -- FTC investigating whether Unocal's RFG patent hurts competition
Unocal Corp. has confirmed that the US Federal Trade Commission is investigating a complaint that the company's reformulated gasoline patents are anticompetitive. Separately, the US Office of Patents and Trademarks said it has opened an examination of Unocal's gasoline patents.
08/15/2001 -- API says gasoline demand surged in July on lower prices
The American Petroleum Institute said Wednesday that US gasoline demand jumped 2.3% in July to 8.839 million b/d, likely a response to prices 20¢/gal lower than the month before. It said July's gasoline price decline was the biggest monthly drop since the spring of 1986.
08/14/2001 -- Xcel undecided on challenge over Colorado transmission decision
Xcel Energy Inc. hasn't decided whether to appeal a regulatory decision requiring shareholders to pick up part of the tab to build a high voltage transmission line linking western and eastern interconnections, a spokesman said Tuesday.
08/14/2001 -- PanCanadian, Value Creation to jointly develop oil sands technology
PanCanadian Petroleum Ltd., Calgary, and Value Creation Inc., Calgary and Hong Kong, have agreed to jointly develop upgrading technology for oil sands reserves. Value Creation is developing a partial upgrading process.
08/14/2001 -- Processing news briefs, Aug. 14
Statoil ... ExxonMobil Research & Engineering ... Kværner Engineering & Construction ... Chemical Market Associates ... Purvin & Gertz ... China Petroleum & Chemical ... PetroChina ... CITGO Petroleum ... Mustang Engineers & Constructors ... Cargill
08/14/2001 -- Devon to buy Mitchell Energy for $3.1 billion, boosting gas reserves
Devon Energy Corp. said Tuesday it would buy Mitchell Energy & Development Corp. for $3.1 billion in cash and stock. When the deal is completed in the fourth quarter, Devon will become the second largest US independent gas producer, after Anadarko Petroleum Corp.
08/13/2001 -- Petrobras to invest $6 billion in downstream sector by 2010
Petroleo Brasileiro SA (Petrobras) plans to invest $6 billion in the downstream side of its businesses by 2010. It plans to increase output of refined products to 1.8 million b/d from 1.6 million currently. Brazil's daily consumption will be 2.1 million b/d by then, estimates Petrobras.
08/10/2001 -- Crown hires advisors, considers selling refinery assets
Crown Central Petroleum Corp., Baltimore, is considering selling its Pasadena and Tyler, Tex., refinery and terminal assets.
08/09/2001 -- Neptune schedules open season for subsea power line
Neptune Regional Transmission System LLC, the largest merchant electricity transmission project to date, said it will launch an open season auction of transmission rights on Sept. 10. The proposed system will make it possible to deliver a total of 4,800 Mw of electricity through a subsea high voltage direct current (HV DC) electric transmission grid into Northeast urban markets.
08/09/2001 -- Shell proposes floating LNG plant development for Greater Sunrise
Shell Development (Australia) Pty. Ltd. proposed to other owners of the Greater Sunrise fields in the Timor Sea off Australia that they use floating liquefied natural gas technology to develop that complex. Shell said this would be the first floating LNG project. Earlier this year, another consortium concluded the floating LNG concept is a viable option for deepwater development.
08/08/2001 -- Valero takes down FCC unit for unscheduled repairs
Valero Energy Corp. is taking down for unscheduled repairs a 62,000 b/d fluid catalytic cracking (FCC) unit at its Houston oil refinery.
08/07/2001 -- PetroChina to build three catalytic reforming units and six hydrotreaters
PetroChina Co. Ltd. plans to build a number of secondary refining units in the next 5 years as part of an effort to restructure its downstream division. The company plans to build three catalytic reforming units and six hydrotreating units at its refineries in the northeast and northwest.
08/07/2001 -- IOC, ONGC form consultancy and services joint venture
Indian Oil Corp. and Oil & Natural Gas Corp., both of India, formed a joint venture to market their consultancy, services, and training. The 50-50 venture is called ONGIO International. It will target Asia-Pacific, Middle East, and Africa regions for projects in the upstream and downstream markets.
08/06/2001 -- Entergy's power plant strategy turns on remaining flexible in an uncertain market
Geoff Roberts, CEO of Entergy Wholesale Operations, says after cutting its UK exposure the company wants to be "long permitted dirt," not turbines, as part of its US wholesale electricity strategy.
08/02/2001 -- Statpipe awards Kårstø upgrade assistance contract to M.W. Kellogg
The Statpipe joint venture has awarded M.W. Kellogg Ltd. a 70 million kroner ($7.75 million) contract to provide engineering, procurement, and construction assistance for a proposed capacity upgrade at the Kårstø gas processing plant near Stavanger.
08/01/2001 -- Peruvian energy minister wants to complete privatization in 2003
Jaime Quijandria, Peru's new energy and mines minister in President Alejandro Toledo�s government, said he expects to complete privatization of that country's petroleum and electric power sectors by the end of 2003. He made that announcement Tuesday as he took office.
08/01/2001 -- EPA issues safety orders to Motiva Enterprises on Delaware refinery
The US Environmental Protection Agency Wednesday ordered Motiva Enterprises LLC to act to protect public health and environmental safety following a recent sulfuric acid spill and fire at the company's Delaware City, Del., refinery.
07/31/2001 -- PetroChina to close 16 million tonnes of refining capacity by 2005
PetroChina Co. Ltd. plans to close a number of refineries with capacity totaling 16 million tonnes by 2005. Despite the closure of inefficient units, an expansion project will raise PetroChina's refining capacity to 120 million tonnes by 2005, up from 110 million now.

Home

General Interest

Exploration & Development

Drilling & Production

Processing

Transportation

Home

2001

Processing 2001 P