Processing 2001 P

06/04/2001 -- Analysts say Valero lease deal for Corpus Christi refinery key move
Valero Energy Corp., San Antonio, Tex., has agreed to lease -- with purchase options -- El Paso Corp.'s 115,000 b/d Corpus Christi, Tex., refinery. Valero plans to integrate the refinery with its existing plant nearby to create the fifth largest US refinery.
06/01/2001 -- Woodside Energy awards $485 million (Aus.) in LNG expansion contracts
Woodside Energy Ltd., operator of the North West Venture, has awarded $485 million (Aus.) in contracts for a fourth liquefied natural gas train at the gas plant on the Burrup Peninsula, Australia. Additional contracts will be awarded during the next 6 months, including contracts for civil engineering work, said the Perth-based Woodside.
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.
06/01/2001 -- 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.
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.
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 -- 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 -- 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 -- 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.
05/30/2001 -- 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.
05/30/2001 -- Processing news briefs, May 30
Williams ... Methanex ... Syncrude Canada ... Technip ... VECO Canada ... Consumers' Cooperative Refineries Holborn Europa Raffinerie ... Institut Français du Pétrole
05/29/2001 -- 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.
05/29/2001 -- 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 -- 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 -- 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.
05/25/2001 -- 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.
05/25/2001 -- 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.
05/24/2001 -- 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.
05/24/2001 -- 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 -- 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.

Home

General Interest

Exploration & Development

Drilling & Production

Processing

Transportation

Home

2001

Processing 2001 P