-- 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.
-- '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.
-- 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.
-- 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.
-- 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.
-- 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.
-- 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.
-- Fuelish follies Instead of being left in the dark, Californians may now be stranded by the side of the road if state officials insist on moving forward with its 2003 zero-emission vehicle (ZEV) program.
-- API says US gasoline prices decline for eighth straight week The American Petroleum Institute reports that average prices for regular gasoline in the US fell to $1.182/gal (including taxes) on the eve of the Thanksgiving holiday travel period. Prices fell for the eighth consecutive week and were 34¢ less than at the same time a year ago.