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Processing 2001 P

  • 05/16/2001 -- Market watch: Energy futures mixed in anticipation of inventory adjustments
    Energy futures prices were mixed Tuesday, as traders anticipated a bearish report on US inventories by the American Petroleum Institute after the markets closed. After many US refineries concluded spring maintenance programs in March, operations and gasoline production soared to the highest levels ever for April.
  • 05/16/2001 -- US gasoline production sets record for month of April
    Refinery operations and gasoline production set records for the month of April, the American Petroleum Institute said Wednesday. It reported 15.6 million b/d of mostly crude oil was processed, nearly 2% more than April a year ago. The national capacity utilization rate was 93.8%; the highest since last September.
  • 05/16/2001 -- Processing briefs, May 16
    National Cooperative Refining Association ... Farmland Industries ... Texas Petrochemicals ... Arak Petrochemicals ..
  • 05/16/2001 -- Enron may suspend Brazilian power investments
    Enron Corp., Houston, is the latest company to consider suspending investment in Brazil's electric power industry because of a lack of clear regulations. The warning comes at a time hydropower-dependent Brazil is facing electric power rationing because of a severe drought.
  • 05/16/2001 -- Thai state power company, Shell cut new gas deal
    Thai Shell Exploration & Production Co. has clinched a new accord that cuts the price of natural gas it sells to the Electricity Generating Authority of Thailand (Egat) by almost one third. Under the revised pricing formula, both parties agreed to fix the price of Sirikit associated gas at $1.30-$1.45/MMbtu with fuel oil as the reference.
  • 05/17/2001 -- Market watch: Energy prices fall
    US energy futures prices generally declined Wednesday in the wake of a generally bearish update of petroleum inventories. The June contract for benchmark US light, sweet crudes dipped 12¢ to $28.86/bbl on the New York Mercantile Exchange.
  • 05/17/2001 -- Bush energy plan focuses on executive actions, local involvement
    US President George W. Bush Thursday disclosed his energy policy program, much of which follows his campaign promise to expand local authority to many oil and gas developments. The report offers 105 recommendations on a wide range of energy issues from wellhead to burner tip. Of those initiatives, 73 are directives to federal agencies.
  • 05/18/2001 -- CNRL outlines plans for Horizon oil sands project
    Canadian Natural Resources Ltd. (CNRL) says a proposed $7 billion (Can.) oil sands project in northern Alberta could produce more than 5.6 billion bbl of bitumen over a 50-year lifespan.
  • 05/18/2001 -- ATCO Midstream and BP Canada enter processing joint venture
    ATCO Midstream and BP Canada Energy Co. entered a joint venture agreement for their Cranberry and Chinchaga gas gathering systems and plants in the Manning area of northern Alberta. The joint venture leverages resources to achieve economies of scale, spokesmen from the two Calgary companies said.
  • 05/18/2001 -- Bush orders agencies to review how rules impact energy output
    President George W. Bush Friday took the first steps toward redefining the nation's energy policy. He issued executive orders calling on all federal agencies to consider energy policy when implementing major rules. A related order seeks to streamline permits on an interagency basis for any energy-related project.
  • 05/18/2001 -- Nova Chemicals CEO calls for long-term ethane supplies
    Nova Chemical Corp. Pres. Jeff Lipton said guaranteed long-term supplies of ethane are essential to future expansion of Alberta's petrochemical industry. Lipton called for changes in Alberta's royalty structure to encourage the energy industry to keep gas liquids feedstock in Alberta.
  • 05/21/2001 -- California does not exempt refineries from electrical blackouts
    The California Public Utilities Commission has not given the state's refineries a blanket exemption from electrical blackouts, although it may allow exemptions if individual refiners can show public health or safety would be harmed. Commissioner Carl Wood said refineries cannot be considered for exemptions for economic reasons because they are not essential-use customers.
  • 05/21/2001 -- California PUC allows business to apply for exemptions from blackouts
    The California Public Utilities Commission said businesses can apply for exemptions to blackouts this summer if the business can show that a blackout would negatively impact public health and safety. The state is expected to have at a minimum 260 hours of blackouts this summer, according to a recent study by North American Electric Reliability Council.
  • 05/22/2001 -- Italian refinery to test SulphCo. desulfurization process
    SulphCo. Inc., Reno, Nev., and partners have agreed to build an 11,000-b/d desulfurization unit at a refinery near Genoa, Italy, to demonstrate SulphCo.'s proprietary technology.
  • 05/22/2001 -- Iranian Petroleum Minister calls for cooperation among gas exporters
    Iranian Petroleum Minister Bijan Namdar Zangeneh called for cooperation among 11 gas-exporting countries during their first ministerial seminar in Tehran, OPEC's news agency reported. Zangeneh stressed he was not calling for a gas cartel, but he suggested cooperation could involve information exchanges on gas-related issues.
  • 05/22/2001 -- UAE Offsets Group acquires Enron's stake in Qatar gas project
    The United Arab Emirates (UAE) Offsets Group has acquired Enron Corp.'s stake in Dolphin Energy Ltd. (DEL), a natural gas project off Qatar, OPEC's news agency reported Tuesday. Offsets Group owns 75.5% of Dolphin with the exit of Enron, Houston. TotalFinaElf of France holds the other 24.5%.
  • 05/23/2001 -- Market watch: Energy prices remain mixed on international markets
    Energy futures prices were mixed Tuesday with expiration of the June contract for benchmark US light, sweet crudes and concerns over refinery problems in Louisiana. Oil prices weakened as the June contract lost 24¢ to $29.74/bbl on the New York Mercantile Exchange.
  • 05/23/2001 -- Williams says catalytic cracking unit down at Memphis refinery
    Williams, Tulsa, said Tuesday electrical problems took a 72,000 b/d fluidized catalytic cracking unit out of service at its Memphis, Tenn., refinery. Repairs were expected to take about a week. Executives said the shutdown reduced throughput at the Memphis refinery by roughly 30% of its 180,000 b/d capacity.
  • 05/23/2001 -- US catalyst market forecast at $2.6 billion by 2005
    US sales of petrochemical catalysts were estimated at $2.2 billion in 2000, and the market is forecast at $2.6 billion by 2005, Business Communications Co. Inc., Norwalk, Conn., said in an updated study. The 2005 chemical catalysts market and the petroleum refining catalyst market each are projected at $1.3 billion.
  • 05/23/2001 -- Nigerian government considers deregulating downstream oil sector
    Nigeria's government is considering deregulating the downstream sector in efforts to overcome scarcity of petroleum products, OPEC's news agency reported Wednesday. The state-run Nigerian National Petroleum Corp. (NNPC) has controlled the refineries, but government officials want to open the sector to competition.

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