Processing 2001 P

12/07/2001 -- Chevron Phillips Chemical postpones petrochemical reopening in Puerto Rico
Economic conditions have forced Chevron Phillips Chemical Co. LP to postpone the reopening of its Puerto Rican benzene and cyclohexane manufacturing operations indefinitely. Chevron Phillips Chemical idled all its manufacturing operations in Puerto Rico in March 2001.
12/07/2001 -- International Fuel seeking alternative fuel waiver for diesel blend
International Fuel Technology Inc. plans to ask the US Department of Energy to designate its proprietary diesel fuel blend as an alternative fuel under the 1992 Energy Policy Act.
12/07/2001 -- Favored fuel
It's a good time to be in the fuel ethanol business. Environmental regulators in more than a dozen US states want to ban the clean-fuel additive methyl tertiary butyl ether from gasoline because of groundwater contamination concerns.
12/06/2001 -- House subcommittee schedules hearings on electricity reform
Electric industry groups were scrambling Thursday to analyze a draft reform bill introduced by Rep. Joe Barton (R-Texas), chairman of the House Subcommittee on Energy and Air Quality. Hearings on the measure are scheduled Dec. 12-13, just before Congress leaves for the year.
12/06/2001 -- Kazakhoil gives Marubeni, JGC work for Atyrau refinery modernization
Kazakhoil, the national oil and gas company of Kazakhstan, has awarded Marubeni Corp. and JGC Corp. a contract to modernize the 104,000 b/d Atyrau refinery. Previously, Marubeni conducted a feasibility study for the project, and JGC and Marubeni began engineering work.
12/06/2001 -- Statoil to partner with Enterprise, Shell in next Norwegian round
Norway's Statoil ASA has entered into long-term area cooperation agreements with the Royal Dutch/Shell Group and Enterprise Oil Ltd. to take part in the 17th licensing round on the Norwegian continental shelf, due to be announced before the end of the year.
12/05/2001 -- Market watch: Tuesday prices fall, Wednesday to look upward
Energy prices gave back some of Monday's gains Tuesday, with both crude and refined products prices retreating. On the New York Mercantile Exchange, the January contract for light, sweet crude fell 44¢ to close at $19.65/bbl. The February contract fell 38¢ to close at $20.01/bbl.
12/04/2001 -- Valero prefers to swap rather than sell Golden Eagle refinery
Valero Energy Corp. Chairman and CEO William E. Greehey said Tuesday he'd rather swap than sell Ultramar Diamond Shamrock Corp.'s 168,000-b/d Golden Eagle refinery in the San Francisco Bay area, as part of the company's deal with the US Federal Trade Commission to complete that proposed merger.
12/04/2001 -- New Power lines up new scheduler for Texas market
Texas electricity retailers who used Enron to schedule their electricity with the Texas grid operator have to find an alternative now that the company has been temporarily suspended. NewPower Holdings Co. a 43%-owned affiliate of Enron, said Tuesday the company has already signed up with a another scheduler.
12/04/2001 -- 'Golden age' predicted for US refiners-marketers in 2003-2005
A "collision of factors" ranging from recovery of demand growth to "the most onerous environmental requirements" restricting supplies will produce "a golden age" for refiners and marketers in 2003-2005, said Douglas Terreson, managing director for Morgan Stanley Dean Witter & Co., Tuesday.
12/03/2001 -- UDS to sell San Francisco refinery to facilitate merger with Valero
Valero Energy Corp. said the US Federal Trade Commission staff has approved a deal that would allow it to acquire Ultramar Diamond Shamrock Corp. effective Dec. 31. But UDS would have to sell a refinery in the San Francisco Bay area and some northern California marketing assets.
12/03/2001 -- Sweden's Vattenfall buying Mirant's Bewag stake for $1.6 billion
Sweden's Vattenfall AB has agreed to buy Mirant Corp.'s 44.8% ownership position in Berlin-based Bewag AG for $1.63 billion, Mirant said Monday. The deal will raise Vattenfall's stake in Bewag to 89.6% and gives it 92% of voting rights in Bewag, Vattenfall said in a statement.
12/03/2001 -- Syntroleum plans NGL/GTL project in northwestern Peru
Syntroleum Corp. plans to develop an integrated natural gas liquids/gas-to-liquids project in the Talara basin of northwestern Peru. The company expects that enough gas will be found to support 20,000-40,000 b/d of GTL capacity.
12/03/2001 -- Petrobras to invest $8.9 billion over 9 years to upgrade refineries
Petroleo Brasileiro SA (Petrobras) will invest a record $8.9 billion in its refining sector between 2002 and 2010, said Eider Prudente de Aquino, Petrobras's refining director. It will revamp eight of its refineries in Brazil.
11/29/2001 -- Texas Eastern applies to expand Pennsylvania-New Jersey gas pipeline
Texas Eastern Transmission LP plans to increase the capacity of its existing gas pipeline system in Pennsylvania and New Jersey.
11/29/2001 -- Analyst says Phillips-Conoco merger will spark further consolidation
Strategy Analytics Co. says the Phillips Petroleum Co.-Conoco Inc. merger significantly increases pressure on the remaining mid-tier majors to merge or be acquired.
11/29/2001 -- Market watch: Energy futures fall again
After a short recovery Tuesday, energy futures prices on the New York Mercantile Exchange fell Wednesday. Trading was mostly in reaction to a bearish inventory report released by the American Petroleum Institute after the end of the Tuesday trading session.
11/28/2001 -- Iran to boost capacity of Abadan refinery to 555,000 b/d
National Iranian Oil Co. said Wednesday it plans to expand the capacity of its 400,000 b/d Abadan refinery to 555,000 b/d by 2006.
11/27/2001 -- ABB to maintain, modify gas plant and platforms for Statoil
Norwegian company Statoil ASA has awarded the Swiss ABB Group a $36 million, 5-year contract for the maintenance and modification of a gas treatment plant in Norway and platforms in the North Sea.
11/27/2001 -- Chinese company selects Halliburton unit for ammonia plant revamp
Shenzhen Liaohe Tongda Chemicals Co. Ltd. (Liaotong) has selected Halliburton KBR, a unit of Halliburton Co., to revamp its ammonia plant at Panjin, Liaoning province, China. KBR will use a proprietary reforming exchanger system to reduce the Liaohe plant's natural gas consumption.

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Processing 2001 P