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Processing 2001 P14

  • 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.
  • 05/24/2001 -- LCRA and AEP to build new transmission lines in Texas
    American Electric Power Co. and the Lower Colorado River Authority agreed to invest up to $500 million in transmission projects in the Texas market over the next 5 years. Under a preliminary agreement approved by LCRA's board of directors yesterday, LCRA will finance and own transmission system improvements and AEP will build and maintain them.
  • 05/24/2001 -- AES Corp. wins $720 million deal for Qatar cogen plant
    AES Corp. said Thursday it won a $720 million contract for the Ras Laffan combined-cycle cogeneration power and water desalination project in Qatar. AES will operate the 750-Mw gas-fired, and 40 million imperial gal water plant and own 55%. The deal is subject to government approvals.
  • 05/24/2001 -- California regulators say San Diego gas curtailments likely
    California state regulators expect curtailments of natural gas supplies to the San Diego area this summer. The Southern California Gas Co. intrastate gas system is at full capacity and will have to curtail noncore customers at times, the California Public Utilities Commission said. SOCAL officials denied there would be any curtailments.
  • 05/25/2001 -- Equatorial Guinea project ships first methanol to Europe
    Atlantic Methanol Production Co. LLC (AMPCO) has launched its first methanol shipment, Noble Affiliates Inc., CMS Energy Corp., and the government of Equatorial Guinea said Friday. The 41,000-tonne cargo is expected to reach the European market in the second week of June.
  • 05/25/2001 -- Westcoast Energy announces sale-leaseback of gas processing plants
    Westcoast Energy Inc., Vancouver, Friday said its subsidiary, Westcoast Gas Services Inc., has sold three gas processing plants and gathering lines to JJH Equipment Trust for $201 million and entered into an operating lease agreement. Westcoast Gas Services Inc. can reacquire the equipment on certain dates or at the end of the lease agreement.
  • 05/29/2001 -- Tosco, Irish government reach terms for sale of refinery, terminal
    Tosco Corp., Old Greenwich, Conn., has agreed on terms to acquire the 71,250-b/d Whitegate refinery and a storage terminal in Ireland from the state-owned Irish National Petroleum Corp. for $100 million.
  • 05/29/2001 -- Bosicor near start-up at refitted Pakistani refinery
    Bosicor Pakistan Ltd. has purchased and refitted Tesoro Petroleum Inc.'s mothballed refinery at Hub in the Balochistan province of Pakistan. Bosicor Pakistan Ltd. plans to begin cold commissioning of the 30,500 b/d nameplate capacity plant in October.
  • 05/29/2001 -- Bush promises to uphold moratorium on drilling off California
    Speaking in Los Angeles, President George Bush rejected federal price caps as a solution to California's power crisis Tuesday and called for an end to finger pointing and 'blame shifting' prior to a meeting with Gov. Gray Davis. Bush traveled to California to shore up support for his energy policy and give California Republicans a boost.
  • 05/29/2001 -- Bush undeterred by Davis appeal on price caps
    Speaking in Los Angeles, President George Bush rejected federal price caps as a solution to California's power crisis Tuesday and called for an end to finger pointing and 'blame shifting' prior to a meeting with Gov. Gray Davis. Bush traveled to California to shore up support for his energy policy and give California Republicans a boost.
  • 05/30/2001 -- Processing news briefs, May 30
    Williams ... Methanex ... Syncrude Canada ... Technip ... VECO Canada ... Consumers' Cooperative Refineries Holborn Europa Raffinerie ... Institut Français du Pétrole
  • 05/30/2001 -- Calpine to pay $6.5 million in concessions for Metcalf plant approval
    After a year-long stand off over the proposed Metcalf power plant, Calpine Corp. and San Jose, Calif., Mayor Ron Gonzales reached an agreement Wednesday that will cost Calpine at least $6.5 million in concessions for the plant to go forward. The San Jose city council still has to vote on the power plant.
  • 05/31/2001 -- Market watch: Gasoline sell-off dampens NYMEX
    A sell-off of the June gasoline contract prior to expiration helped dampen oil prices Wednesday on the New York Mercantile Exchange. Unleaded gasoline for June 1 delivery dropped 3.46¢ to $1.0412/gal, continuing a selling spree that started last week.
  • 05/31/2001 -- Fina awards ethylene plant EPC contract to M.W. Kellogg
    Fina Antwerp Olefins has awarded M.W. Kellogg Ltd., London, an engineering, procurement, and construction contract for the upgrade and expansion of its NC2 ethylene plant in Antwerp, Belgium.
  • 05/31/2001 -- Gaz de France, Sonatrach form LNG joint venture
    Gaz de France SA (GdF) and Algeria state oil and gas company Sonatrach have formed a 50:50 joint venture called Med LNG & Gas to market liquefied natural gas in the Mediterranean and North America. The joint venture falls under a cooperation agreement signed between GdF and Sonatrach on June 8, 2000.
  • 05/31/2001 -- Bush administration talking to OPEC about oil output
    On the eve of an Organization of Petroleum Exporting Countries meeting next week in Vienna, US President George W. Bush is holding "quiet diplomatic conversations" with the cartel. A White House spokesman also defended the president's resistance to price caps on wholesale electricity in California.
  • 05/31/2001 -- Gulfstream breaks ground for 753-mile pipeline to Florida
    Gulfstream Natural Gas System LLC Thursday broke ground at Port Manatee, Fla., for construction of the 753-mile pipeline that will be the first gas transportation system built to serve Florida in more than 40 years. Slated for completion by June 2002, the $1.6 billion Gulfstream system will have 1.1-bcfd capacity.
  • 06/01/2001 -- TotalFinaElf buys rest of Turkish marketing joint venture
    TotalFinaElf said Friday it is buying full ownership of Total Oil Turkiye, a petroleum product marketing joint venture in Turkey. It purchased a 49% interest in the firm from Turkish conglomerate Colakoglu. Total Oil Turkiye operates more than 330 service stations in Turkey, giving it a 6% market share.
  • 06/01/2001 -- Analysts predict OPEC will not change production at June meeting
    With Western crude inventories at acceptable levels and market prices within their designated band, there is little reason for members of the Organization of Petroleum Exporting Countries to make any production changes at their June 5 meeting in Vienna, analysts said Friday.
  • 06/04/2001 -- Chavez says Venezuela could supply more of US energy needs
    Venezuelan President Hugo Chavez said Saturday that his nation was prepared to help the US meet its energy policy goals. Specifically, he said Venezuela is working to increase its natural gas production and is studying the possibility of exports through gas-to-liquids technology.

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