Processing 2001 P

07/16/2001 -- Dynegy to acquire major UK gas storage and delivery properties
Dynegy Inc., Houston, said Monday it will buy $590 million in natural gas storage facilities and related assets from BG Group PLC in the UK. The acquisition replaces construction of 'one or two' power plants in the US, but Dynegy CEO Chuck Watson said the company is not backing off its US strategy.
07/16/2001 -- Dynegy to buy BG Storage, build UK delivery network
Dynegy Inc., Houston, has agreed to buy BG Storage Ltd. and associated assets from UK company BG Group PLC for £421 million. The deal is subject to regulatory approval. BG said the sale secures the greatest shareholder value for the assets.
07/16/2001 -- Atofina implements petchem expansion strategy to reduce costs
Atofina's chairman and CEO Francois Cornelis says the company will spend 1.5 billion euros this year to expand its petrochemical, polymers, and specialty businesses.
07/13/2001 -- Pirinc: Natural gas supply problems affect distillate, gasoline markets
US natural gas supply problems contributed to high distillate prices last winter and high prices for gasoline this spring, said a report from the New York City-based Petroleum Industry Research Foundation Inc.
07/13/2001 -- TotalFinaElf buys 40 service stations in Italy from ENI
TotalFinaElf SA is buying 40 AGIP and IP-branded service stations in Italy from ENI SPA to add to the 1,300 Fina stations it already operates in the southern European country. The new retail stations, which will be Total-branded by year-end, will contribute additional motor fuel sales amounting to nearly 240,000 cu m/year to the Franco-Belgian combine's current annual sales of 2 million cu m.
07/13/2001 -- Market watch: Gasoline futures surge with diminished refining
Gasoline futures prices surged Thursday on the New York Mercantile Exchange with reports that a few Gulf Coast refineries would temporarily reduce operations for routine maintenance.
07/13/2001 -- FTC to hold public hearing on US gasoline price fluctuations
The US Federal Trade Commission Thursday said it plans a public conference Aug. 2 that will examine why retail gasoline prices fluctuate so widely. The hearing, to be held at FTC headquarters in Washington, is open to the public. It invited interested parties to attend or to submit written presentations.
07/12/2001 -- Processing news briefs, July 12
ExxonMobil ... Premcor ... Nuevo Energy
07/12/2001 -- Premcor settles new source review case involving Illinois refinery
Premcor Refining Group Inc., St. Louis, Mo., Thursday announced a settlement resolving alleged permit violations at its 70,000-b/d Hartford, Ill. refinery. A government lawsuit alleged it failed to obtain a New Source Review permit for modifications made to its fluid catalytic converter in 1994.
07/12/2001 -- Finance/Companies news briefs, July 12
Plains All American Pipeline LP ... CANPET Energy Group ... Gulf Canada Resources ... Conoco ... Institut Français du Pétrole ... Isis ... Axens ... Swift Energy ... Pride International ... Marine Drilling ... Husky Oil Operations ... Santos ... Interline Resources ... and more
07/11/2001 -- API says US oil imports set record in April, gasoline prices plunging
The American Petroleum Institute said Wednesday that US imports of oil and products were a record 62.8% of domestic demand in April. The previous record was 61.5% in May 1999. API also said the price for a gallon of regular grade gasoline has fallen almost 28¢ in the 8 weeks since its peak in early May.
07/11/2001 -- Market watch: Energy futures prices decline
International future prices for oil and refined products continued to decline in anticipation of a bearish report Tuesday of increased US inventories. Markets also were affected by news that Iraq is poised to resume oil exports through the Mediterranean port of Ceyhan in Turkey.
07/10/2001 -- Qatar Petroleum, Sasol award GTL contract to Foster Wheeler
The Qatar Petroleum Co. (QP) and Sasol Synfuels International Co. have awarded Foster Wheeler Corp. the $30 million contract for the front-end engineering design of a gas-to-liquids plant to built at Ras Laffan Industrial City, Qatar.
07/10/2001 -- Ultramar Diamond Shamrock eyeing damage from Texas refinery fire
Ultramar Diamond Shamrock Corp. was evaluating the damage to its 98,000-b/d refinery at Three Rivers, Tex., following a Monday fire. The company did not know when the refinery would resume operations but expected no significant disruptions in supplying its market with products.
07/09/2001 -- Explosion and fire closes UDS refinery in Three Rivers, Tex.
An explosion and fire closed Ultramar Diamond Shamrock Corp.'s 95,000-b/d refinery at Three Rivers, Tex., Monday. Three persons were injured, two of whom worked for contractors, but none of the injuries were believed to be serious. The fire was contained in the alkylation unit Monday afternoon but was still burning.
07/09/2001 -- Woodside says Karratha disruption short-lived
Woodside Energy Ltd., operator of the North West Shelf Venture off Australia, said Sunday that production is returning to normal after a process disruption at the venture's gas plant at Karratha, Western Australia.
07/06/2001 -- Williams signs another pact to market fuel-grade ethanol
A unit of Williams, Tulsa, said Friday it has an agreement to market all fuel-grade ethanol produced by Northeast Iowa Grain Processors Cooperative, Earlville, Iowa. The deal is Williams Bio-Energy LLC's seventh ethanol-marketing agreement in since the first of the year.
07/06/2001 -- China cuts refinery runs 20% in July to reduce products stocks
China will cut refinery runs 20% in July to 15.2 million tonnes in order to reduce high product inventories. The government's goal is to cut product stocks to 9 million tonnes by the end of July from the current 12 million tonnes. The higher inventories were partly caused by a ban on fishing.
07/05/2001 -- Methanex to increase participation in Trinidad methanol projects
Methanex Corp., Vancouver, has acquired options to participate or increase participation in two Trinidad and Tobago methanol projects from Beacon Group Energy Investment Fund LP for $17 million.
07/03/2001 -- Texas regulators to look at reserve requirements
Texas regulators next week will take up the thorny question of whether to set reserve margin requirements when the electric power industry deregulates in January. At issue is whether the adequacy of generating capacity in the state should be left to the market or whether some other mechanism should be used, and, if so, what.

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Processing 2001 P