Processing 2001 P

06/15/2001 -- Williams and Yukos planning deal with Lithuanian oil company
The international unit of Williams, Tulsa, and OAO Yukos, Moscow, signed a cooperative agreement to work toward a transaction involving Yukos' purchase of equity in Lithuanian oil company Mazeikiu Nafta for $75 million. Williams and Yukos also want to arrange a long-term crude supply agreement for the 263,420 b/d Mazeikiu Nafta refinery.
06/15/2001 -- Qatar Petroleum and ExxonMobil plan GTL feasibility study
Qatar Petroleum and ExxonMobil Corp. Friday announced plans to conduct a technical feasibility study for a gas-to-liquids (GTL) plant in Qatar. The proposed plant would convert North field gas into liquids products. The study will provide information on the use of ExxonMobil's proprietary AGC-21 technology in the GTL plant.
06/15/2001 -- Electric Power news briefs, June 15
Orion Power Holdings Inc. ... Cogentrix Energy Inc. ... Kvaerner ASA ... Teco Energy Inc. ... Panda Energy International Inc. ... Mirant Corp. .. National Grid PLC .. Niagara Mohawk Holdings Inc. ... ABB AS ... Tenaska Power Services Co. ... NorthWestern Corp. ... AES Corp. ... PG&E Corp. ... FPL Group Inc. ... Duke Energy Corp. ... Entergy Corp. ... Maxim Power Corp. ... TransCanada Pipelines ... New Brunswick Power Corp. ... Bangor Hydro-Electric Co.
06/15/2001 -- Tyumen creates Urals subsidiary, may build refinery
Russian company Tyumen Oil Co. has created a subsidiary, Urals Oil Co. Ural Oil will develop oil fields in the Chernorechensk section of the Tavdinsk region and the Iusk and Katylinsk fields located on the border between the Sverdlovsk and Khanty-Mansiisk regions.
06/15/2001 -- Market watch: Uncertainty leaves energy futures mixed
Energy futures prices were mixed Thursday, as international traders tried to divine which direction the markets may move next. The July contract for benchmark US light, sweet crudes recovered 20¢ to $29.04/bbl on the New York Mercantile Exchange.
06/15/2001 -- EIA says blackouts could shut in 27% of California refining capacity
About 75% of the refining capacity in California could be forced to either reduce operating rates or shut down if rolling blackouts should affect the refineries' electric supply, a study by the US Energy Information Administration said.
06/15/2001 -- US refining: cycle or secular change?
Is US refining in just another cycle or headed for secular change? The jury's still out.
06/14/2001 -- Sen. Wyden urges gasoline-pricing inquiry, based on oil company memos
The US Senate should hold an investigation to see if oil companies sought to reduce refining capacity to drive up retail prices, Sen. Ron Wyden (D-Ore.) said Thursday. Wyden said internal oil company documents raised "serious questions about anticompetitive and anticonsumer practices among oil companies."
06/14/2001 -- EPA looks for ways to streamline reformulated gasoline specifications
Retooling clean fuel legislation is under consideration by the White House and Congress as energy issues continue to dominate the domestic policy agenda. EPA officials Thursday said they are meeting with refiners and states to look at ways to streamline reformulated gasoline specifications.
06/14/2001 -- Peru's president-elect plans to revive Petroperu privatization push
Peru's President-elect Alejandro Toledo plans to revive the privatization of Peru's state petroleum company, said Pedro Pablo Kuczynski, head of Toledo's economy commission formed to coordinate the transfer of the new government. The Toledo administration takes office July 28.
06/14/2001 -- Market watch: Energy futures prices fall in international markets
Energy futures prices across the board fell in international markets Wednesday. The July contract for benchmark US light, sweet crudes dropped 34¢ to $28.84/bbl on the New York Mercantile Exchange.
06/13/2001 -- Lyondell-Citgo refining units to be fully operating by middle of next week
Lyondell Chemical Co. Wednesday said all refining units at Lyondell-Citgo Refining LP near Houston are expected to be fully operational by the middle of next week. This will allow LCR to return to full crude oil processing rates of 260,000 b/d. A coker unit had been down because of a flash fire and power failures associated with Tropical Storm Allison.
06/13/2001 -- California an 'accident waiting to happen' US Senate committee told
California's electricity problems were an accident waiting to happen, with the first telltale signs of trouble emerging in 1998, Paul Jaskow, director of the Massachusetts Institute of Technology Center for Energy and Environmental and Policy Research told the US Senate Governmental Affairs Committee. Committee Chairman Joseph Lieberman (D-Conn.) called the hearings to look into federal regulators performance in keeping prices 'just and reasonable' in the West.
06/13/2001 -- Finance/Companies news briefs, June 13
Williams ... Barrett Resources ... Sunoco ... Coastal Mart ... Coastal Refining & Marketing ... Wood Group Light Industrial Turbines ... BP ... International Petroleum Exchange
06/13/2001 -- US refiners set gasoline production record during May
A record volume of gasoline, 8.571 million b/d, was produced during May, the American Petroleum Institute said Wednesday. It said the nation's nearly maxed-out refineries put more crude and other petroleum inputs into refinery units than in any previous May, an average of 15.833 million b/d.
06/12/2001 -- Purvin & Gertz foresees $6/MMbtu pipeline acquisition price in December
The monthly average pipeline acquisition price of natural gas on the US Gulf Coast will rise to $4.80/MMbtu in August, slump during the "shoulder month" of September, and peak at $6/MMbtu in December, Purvin & Gertz has forecast.
06/12/2001 -- Mossgas awards aromatics plant contract to Foster Wheeler
Mossgas (Pty.) Ltd. has awarded Foster Wheeler South Africa (Pty.) Ltd. an engineering, procurement, and construction contract for a $16.8 million low aromatics distillate plant in South Africa.
06/12/2001 -- EPA denies gasoline oxygen waiver for California
The US Environmental Protection Agency Tuesday denied California's request to waive the federal oxygen content requirement for reformulated gasoline, Administrator Christie Whitman announced. Ethanol supporters stand to gain from the decision as more and more states ban the competing oxygenate methyl tertiary butyl ether.
06/12/2001 -- Petroplus reports brief fire at Antwerp refinery
Petroplus International NV, Amsterdam, announced the reformer unit is down at its 65,000 b/d refinery in Antwerp, Belgium, following a brief fire Monday that caused no injuries and no danger to the environment. Cause of the fire and the extent of damage was under investigation Tuesday. Petroplus International focuses on the European midstream oil market.
06/11/2001 -- Analyst says NGLs boosted gas supply
Natural gas supplies rose in the first quarter of this year but natural gas liquids played a significant role in the rise, says financial analyst Marshall Adkins, who views the increase as temporary. Adkins, the director of energy research for Raymond James & Associates, Houston, estimated about 1.5 bcfd of additional gas came from processors leaving liquids in the natural gas stream.

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Processing 2001 P