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Processing 2001 P2

  • 01/18/2001 -- Rentech to study Wyoming plant feasibility
    Wyoming Business Council, a state economic development agency, will give Rentech Inc., Denver, Colo., $800,000 to fund a feasibility study using Rentech's gas-to-liquids technology. There are two phases to the project. Rentech expects the study to take 6-9 months.
  • 01/16/2001 -- Osaka Gas to purchase more LNG from North West Shelf venture
    Osaka Gas Co. Ltd. signed a letter of intent to purchase another 1 million tonnes/year of liquefied natural gas from partners in the Australian North West Shelf venture, said project operator Woodside Energy Ltd. This agreement and others support the venture's proposed LNG train expansion.
  • 01/02/2001 -- Clinton acts to facilitate fuel deliveries
    President Bill Clinton has ordered the US Coast Guard and the Department of Energy (DOE) to take extra measures to keep US harbors free of ice so that ships and barges can bring in heating oil. He also ordered them to work with states to relieve bottlenecks on roads, rivers, and pipelines.
  • 01/02/2001 -- Petrobras finishes asset swap negotiations with Repsol-YPF
    Brazilian company Petroleo Brasileiro SA (Petrobras) has concluded negotiations over a $1 billion asset swap with the Spanish/Argentine oil company Repsol-YPF SA. A letter of intent was signed in October of 1999, and due diligence began in July. Now that the deal has been concluded, it will be submitted for regulatory approval in each of the three countries.
  • 01/02/2001 -- Reliability compliance up in 2000, NERC says
    The North American Electric Reliability Council (NERC) recorded 681 violations of its transmission planning and operational procedures by 10 regional reliability councils in 2000, a 'marked' improvement over1999, the organization said. Overall, the regional councils and their members were about 90% compliant. NERC also warned of shortcomings that 'pose a significant risk to reliability' by entities that may not be operating according to recognized industry standards.
  • 01/03/2001 -- Phillips Petroleum awards Aker-Clough JV Timor Sea contract
    Operator Phillips Petroleum has awarded Norway's Aker Maritime and its Australian partner Clough Engineering a hookup and commissioning deal for the Timor Sea Bayu-Undan gas recycle project. Work on the contract, won by the 50:50 Aker Maritime-Clough joint venture, will begin immediately, said Aker, with completion for start-up scheduled for early 2004.
  • 01/03/2001 -- Shell, Cairn to bid for Enron holdings in India
    Royal Dutch/Shell Group and Cairn Energy PLC of the UK reportedly have joined the bidding to acquire Enron Corp.'s stake in Panna-Mukta and Tapti oil and gas fields in the Indian Gujarat and Mumbai offshore regions. Enron was operator.
  • 01/03/2001 -- Southern Energy, Singapore's Keppel FELS form venture
    Southern Energy Inc. said its Asia Pacific business unit has formed a 50-50 joint venture with Keppel FELS Energy Pte Ltd. to pursue power generation opportunities in Singapore. In addition, Atlanta-based Southern Energy will sell 10% of its Philippine operations to Keppel for $164 million in cash and will acquire 50% of Keppel's Philippine-based power barges. The transaction is expected to close in February 2001.
  • 01/03/2001 -- Smith Barney predicts $5 billion jump in wildcatting
    Investment bank Salomon Smith Barney predicts the 10 largest oil and gas companies will use their higher profits from oil price increases in 2000 to invest $5 billion more this year on exploration. It estimated their exploration spending would increase 14% to $40.7 billion.
  • 01/03/2001 -- Flowserve divests Tulsa pump plant
    Flowserve Corp., Dallas, Tex., Tuesday said it has sold its Tulsa plant to Ruhrpumpen Inc., a subsidiary of Corporacion EG of Monterrey, Mexico, for $5.3 million. The US Justice Department required Flowserve to divest the plant following its acquisition of the Ingersoll-Dresser Pump Co.
  • 01/03/2001 -- Processing news briefs, Jan. 3
    Lukoil � Petro-Canada � SNC Lavalin Group � Kellogg Brown & Root � Wild Rose � Institut Fran�s du P�ole
  • 01/04/2001 -- Electric Power news briefs, January 4
    Comision Federal de Electricidad ... Alstom ... DPL Inc. ... Huaneng Power International Inc. ... Xcel Energy Inc. ... American Electric Power Co. Inc. ... Electricite de France ... Gaz de France ... Dynegy Inc. ... Aluminum Bahrain BSC ... Taylor-DeJough Inc. ... Ohio Consumers' Counsel ... Wattage Monitor ... FirstEnergy Corp.
  • 01/04/2001 -- Come By Chance refinery to sell products on mainland
    Petro-Canada and North Atlantic Refining Ltd. have reached a deal allowing the latter to sell petroleum products from its Come-By-Chance, Newf., refinery, into mainland Canada. Petro-Canada had placed a 25-year restrictive covenant on the sales when it sold the plant in 1986. Capacity is now 105,000 b/d.
  • 01/04/2001 -- Zukerman buys half of Penreco
    M.E. Zukerman Energy Investors Inc., New York, said Wednesday it plans to buy Pennzoil-Quaker State Co.'s 50% share of Penreco, a partnership with Conoco Inc. that makes and markets specialty petroleum products. The sale is due to close by Jan. 31. Purchase price was not announced.
  • 01/04/2001 -- Algeria seeks bids to build Adrar area refinery
    Algeria's Energy and Mines Minister Chakib Khelil Wednesday opened a bidding round to build a refinery in the Adrar region in the south of the country, according to the Organization of Petroleum Exporting Countries' news agency. The refinery would be supplied by several small oil and gas fields in the Sbaa basin.
  • 01/05/2001 -- Clinton acts to preserve roadless forest lands
    President Bill Clinton Friday approved a US Forest Service proposal to prevent road construction on 58.5 million acres of forest lands in 39 states, about a third of the national forests. Operations on existing oil and gas permits in roadless areas would be allowed to continue.
  • 01/08/2001 -- Wilson buying Van Leeuwen's US assets
    Wilson Industries Inc., Houston, a subsidiary of Smith International Inc., is acquiring most of the assets of Van Leeuwen Pipe & Tube Corp., Houston, effective Jan. 31. Purchase price was not disclosed. Van Leeuwen operates in eight states and employs 300 people.
  • 01/09/2001 -- China�s Zhenhai Refining expands tankage
    China�s Zhenhai Refining & Chemical Co. Ltd. has begun building a tank farm to accommodate more crude imports. The facilities consist of three crude tanks with a holding capacity of 100,000 cu m each. They are scheduled for completion in the third quarter of 2001.
  • 01/10/2001 -- Northwest faces tight electric supply; volatile wholesale prices
    Power is so tight in the Pacific Northwest, Bonneville Power Administration, the region's biggest supplier, is faced with a potential shortfall of 3,000 Mw, while the regionwide deficit amounts to an estimated 400-600 Mw. If Washington, Idaho, and Oregon experience a normal winter and no generating plants are out of service, the area will 'squeak' through the winter season, says Mike Hansen, spokesman for BPA.
  • 01/11/2001 -- Norway's Kårstø facility goes on line
    Norway's Statoil AS Thursday opened its Kårstø processing plant and Åsgard gas transport system. Kårstø will be Europe's largest natural gas treatment complex, boosting energy exports from the Scandinavian country this year to 221 Tw-hr.
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