Processing 2001 P

10/25/2001 -- ERCOT's wholesale prices forecast to be low and flat
Texas wholesale electricity prices are entering the 'bust' phase of a classic boom and bust cycle associated with most commodities, electricity analyst George Given predicted Thursday. Given said he expects prices to be flat near-term at about $30/Mw-hr.
10/25/2001 -- BP Oil International to buy 1.65 million tonnes of oil from Tyumen
BP Oil International, a business unit of BP PLC, agreed to buy 1.65 million tonnes of oil from Russian company Tyumen Oil Co. over 10 years. The deal is part of financing arrangements for the upgrade of Tyumen Oil's Ryazan refinery 120 miles southeast of Moscow.
10/25/2001 -- Reliant Resources to exit telecom business
Reliant Resources Inc. said it wrote down its communications business by $36 million, which was mostly responsible for a third quarter decrease in income to $133 million, down from $163 million in the 2000 comparable quarter.
10/25/2001 -- US expects little delay for Saudi gas joint ventures with foreign firms
The $30 billion US and European oil companies plan to invest in Saudi natural gas ventures is not at risk, the US State Department's top Middle East policy official said. US Assistant Secretary of State for Near East Affairs William Burns said the US war on terrorism is unlikely to delay the projects long-term.
10/24/2001 -- Electric Power news briefs, Oct. 24
Reliant Energy Inc. ... Constellation Nuclear ... AES Corp. ... Tennessee Valley Authority ... El Paso Corp. ... Badger Generating Co. ... Beacon Power Corp. ... Cox Communications ... FirstEnergy Corp. ... Mirant Corp. ... Avista Corp. ... SCANA Corp.
10/23/2001 -- Electric Power news briefs, Oct. 23
GE Power Systems ... Energia Electrica de Venezuela ... Mirant Corp. ... El Paso Corp. ... Wisconsin Public Service Corp. ... Minnesota Power ... Southwestern Electric Power Co. ... Consolidated Edison Inc. ... Wisconsin Energy Corp.
10/22/2001 -- VHA Southwest, TUX Energy sign $150 million power deal
A regional health care company said it signed a $150 million, 3-year power supply deal with TXU Energy, a unit of TXU Corp., Dallas. Under the agreement, TXU Energy will buy electricity and provide demand-side management for VHA Southwest members who sign with TXU through VHA Southwest's regional energy program.
10/22/2001 -- Lukoil buys majority stake in Norsi-Oil refinery
Russian company Lukoil won two auctions for stakes in the Nizhni Novgorod oil refinery. It now holds 85.36% of the refinery for a purchase price of $26 million and assumption of 1.5 billion rubles ($50.8 million).
10/22/2001 -- Rentech begins study of gas-to-liquids project in Indonesia
Rentech Inc., Denver, has begun full feasibility study work with Indonesia's Pertamina on a potential 15,000 b/d gas-to-liquids plant that nation.
10/22/2001 -- Conoco has oil find off Viet Nam, field extension off Indonesia
Conoco Inc. has an oil discovery off Vietnam and a field extension off Indonesia, both near structures recently declared commercial or under development.
10/22/2001 -- BC Gas acquires British Columbia transmission assets from Centra Gas
BC Gas Inc., Vancouver, agreed to acquire two business units from Westcoast Energy Inc., Vancouver, for $208 million (Can.). Acquisition of Centra Gas British Columbia and Centra Gas Whistler Inc. gives BC Gas control of all Centra Gas's Vancouver Island and British Columbia coastal assets.
10/19/2001 -- Pipeline sabotage closes Nigerian refinery, another to follow
The Nigerian National Petroleum Corp. said Thursday that sabotage to an oil pipeline has caused the closure of the Warri refinery and the Kaduna refinery will follow next week.
10/18/2001 -- El Paso acquires gas processing plant, offshore gathering interests
El Paso Energy Partners LP has completed two acquisitions worth $284 million. El Paso paid $198.5 million for the Chaco natural gas processing facility in Chaco, NM. It also paid $85 million, in the purchase price and to reduce the debt, of Deepwater Holdings LLC.
10/18/2001 -- Suncor shuts in Alberta oil sands plant due to mechanical problems
Suncor Energy Inc., Calgary, said mechanical problems have forced a 10-day shutdown of its northern Alberta Project Millennium oil sands development.
10/18/2001 -- US methanol producers face higher feedstock costs, lower MTBE demand
The US methanol industry is facing higher feedstock prices and reduced demand for its primary product, methyl tertiary butyl ether, the annual DeWitt Global MTBE-Oxygenates Methanol Conference was told Wednesday.
10/17/2001 -- Yukos makes bid to increase ownership in Kværner to 25%
Yukos Finance BV, a Netherlands subsidiary of the Russian oil company, offered to buy 12.9% of Kværner ASA of Norway, bringing its ownership to 25%.
10/17/2001 -- Shell awards Deer Park, Tex., olefins debottlenecking contract
Shell Chemical Co. awarded Kellogg Brown & Root, Dallas, a contract to debottleneck an olefins plant in Deer Park, Tex.
10/17/2001 -- CITGO resumes most operations at damaged Lake Charles refinery
CITGO Petroleum Corp. said that, with the exception of a damaged Unicracker unit, its Lake Charles, La., refinery has been returned to full operating capacity.
10/17/2001 -- API reports US jet fuel demand plunged nearly 10% in September
The American Petroleum Institute reported Wednesday that jet fuel deliveries fell nearly 10% in September due to reduced air travel following terrorist attacks. API blamed those incidents and a lackluster economy for a 3.7% drop in the month's petroleum product deliveries, vs. September 2000.
10/17/2001 -- Market watch: Energy futures prices weaken
Energy futures prices continued to weaken in international markets Tuesday. The November contract for benchmark US light, sweet crudes dropped 29¢ to $22/bbl on the New York Mercantile Exchange, but rebounded in after-hours trading with a bullish report on US inventories.

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