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Processing 2001 P11

  • 04/25/2001 -- Market watch: Energy futures prices continue to fluctuate
    Energy futures prices continued to fluctuate on international markets Tuesday, without any major developments to push them, industry analysts said. The June contract for benchmark US light, sweet crudes tumbled 75¢ to $26.86/bbl on the New York Mercantile Exchange.
  • 04/25/2001 -- Nigerian refineries run at highest level in 10 years
    Nigeria's four refineries combined are processing 330,000 b/d of crude, the Nigerian National Petroleum Corp. (NNPC) told OPEC's news agency. An NNPC spokesman said this is the highest refining production level in more than a decade.
  • 04/25/2001 -- BOC acquires Foster Wheeler's stake in South American hydrogen projects
    A business unit of the BOC Group, Murray Hill, NJ, plans to assume full ownership of two South American hydrogen projects from Foster Wheeler Power Systems Inc., a subsidiary of Foster Wheeler Corp., Clinton, NJ. The projects in Chile and Venezuela provide hydrogen to two oil refineries.
  • 04/25/2001 -- Braspetro plans to spend $5.2 billion outside Brazil
    Petroleo Brasileiro SA (Petrobras) plans to invest $5.2 billion abroad over 5 years to expand its international division, Braspetro. Braspetro is focusing on areas such as off South America, West Africa, and the US Gulf of Mexico.
  • 04/25/2001 -- New York ISO to consider day-ahead market study
    The New York Independent System Operator Thursday is scheduled to consider recommendations to create a combined day-ahead market incorporating the New York ISO, the Ontario IMO, and ISO New England. Seven alternatives were laid out in a study commissioned by the three grid operators. Supporters say a combined market will improve electricity trading across the Northeast with more consistent scheduling of transactions within the region.
  • 04/26/2001 -- Duke Energy plans to buy western Canada gas processor
    Natural gas gatherer and processor Duke Energy Field Services Co., Denver, Thursday said a subsidiary planned to acquire Canadian Midstream Services Ltd. When the acquisition is final, Duke Energy�s gas processing capacity in western Canada will increase from 205 MMcfd to 555 MMcfd.
  • 04/26/2001 -- Phillips says process reduces sulfur in gasoline up to 99%
    Phillips Petroleum Co., Bartlesville, Okla., said it has started-up a 6,000 b/d unit to demonstrate a proprietary sulfur removal technology that could remove up to 99% of sulfur from gasoline.
  • 04/27/2001 -- Petrogal awards desulfurization contract for Sines refinery
    Portuguese refining company Petrogal has awarded a 23 million euro contract to Fluor Daniel, a unit of Fluor Corp., for the engineering, procurement, and construction of a hydrogen desulfurization facility in Portugal.
  • 04/27/2001 -- Atlantic LNG awards design contract for fourth train
    Equity holders of Atlantic LNG Co. of Trinidad and Tobago have awarded a contract to Bechtel Overseas Inc. to perform front-end engineering and design work for a proposed fourth process train at its liquefied natural gas plant in Point Fertin, Trinidad and Tobago.
  • 04/27/2001 -- Processing news briefs, Apr. 27
    Westcoast Energy ... Saudi Aramco ... Snamprogetti ... BP ... Eastman Chemical
  • 04/27/2001 -- Shell Gas expects to divest its LPG businesses in China by June 30
    A Royal Dutch/Shell Group subsidiary, involved in negotiations to sell its seven liquefied petroleum gas facilities in China, expects to divest the last one by June 30. The deal involves an LPG terminal and storage tanks in southern China.
  • 04/27/2001 -- European refiners expect more fuel exports to US this summer
    European refiners expect to help supply a strained US gasoline market this summer, Jean-Paul Vettier, refining-marketing president of French company TotalFinaElf SA, said Friday. He said first quarter 2001 figures show that European exports of motor fuels to the US have already increased by 7% for gasoline and by 37% for diesel.
  • 04/30/2001 -- Electric Power news briefs, April 30, 2001
    Jackson Electric Membership Corp. ... Williams ... Sierra Pacific Resources ... Enron Corp. ... Duke Energy Field Services ... Standard & Poor's ... Panda Energy International Inc. ... Alstom ... Calpine Corp. ... Pacific Gas & Electric Co. ... Consolidated Edison Co. of New York Inc. ... Brazilian Resources Inc. ... Kvaerner AS ... Electricity Generating PLC ... Toyo-Thai Corporation Ltd.
  • 05/01/2001 -- Citgo, Tesoro to use Unocal's reformulated gasoline patent
    Citgo Petroleum Corp., Tulsa, has signed a licensing agreement for Unocal Corp.'s controversial reformulated gasoline patent. Soon after the Tuesday announcement, Tesoro Corp. also revealed it signed a licensing agreement with Unocal. They were the first licensing agreements announced for the patent, which other refiners had asked the US Supreme Court to overturn.
  • 05/02/2001 -- Twister BV forms partnership with FMC Kongsberg Subsea
    Twister BV Wednesday announced an agreement with FMC Kongsberg Subsea to introduce Twister gas dehydration technology to the subsea market. Twister BV also announced its first commercial sale, a deal to Sarawak Shell Berhad off Malaysia.
  • 05/02/2001 -- Malaysia LNG secures funding for third Bintulu LNG plant
    Malaysia LNG Tiga Sdn. Bhd., a multinational joint venture, said it secured two loans worth $816 million to finance the construction of a liquefied natural gas plant and related facilities in Bintulu, Sarawak. The plant, which is Malaysia's third LNG production facility in Bintulu, is now 45% complete.
  • 05/02/2001 -- Generators don't RSVP to Gov. Davis' invitation to share 'financial pain'
    California nonutility power generators were stunned by published reports Wednesday Duke Energy Corp. had cut a 'secret' deal to compensate the state for alleged 'overcharging' for power sales in return for calling off state investigations and lawsuits. Most said they haven't decided whether to attend a meeting with Gov. Gray Davis next week.
  • 05/03/2001 -- Oman selects technology from Fortum, IFP
    The Oman government has selected Fortum Corp.'s proprietary etherification technology and Institute Francaise du Petrol's proprietary gasoline desulfurization technology for a new refinery in Oman. Neste Engineering, a Fortum subsidiary, and IFP cooperated during the tender competition.
  • 05/03/2001 -- Atlantic Methanol begins production in Equatorial Guinea
    Atlantic Methanol Production Co. LLC has begun production of commercial grade methanol, project partners Noble Affiliates Inc., Houston, CMS Energy Corp., Dearborn, Mich., and the Equatorial Guinea government. The AMPCO plant on Bioko Island of Equatorial Guinea is continuing its startup testing.
  • 05/03/2001 -- BP completes acquisition of Bayer's stake in Erdoelchemie
    BP PLC, London, has acquired Bayer AG's interest in their German petrochemical joint venture, Erdoelchemie GMBH. Financial details of the transaction were not disclosed.
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