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Processing 2001 P5

  • 02/15/2001 -- Trinidad and Tobago gas reserves drawing US industries
    High North American gas prices have US industries considering relocating or expanding in gas-rich Trinidad and Tobago, says Lindsay Gillette, minister of energy and energy industries. In addition, gas producers and shareholders in the Atlantic LNG Co. project have already expressed interest in expanding the project again, possibly by adding a fourth train, Gillette said.
  • 02/15/2001 -- Doubts surface about New York City summer electricity supply
    To avoid possible blackouts this summer in New York City and on Long Island, the New York Independent System Operator (ISO) said additional electricity capacity needs to be located in these areas before summer. Those two areas are transmission constrained meaning that additional power must be located within the city or on the island to meet reliability requirements.
  • 02/15/2001 -- Processing news briefs, Feb. 15
    China Petroleum & Chemical � Aspen Technology � BP � Fluor � Statoil � Lurgi � AltaGas Services � Fortum � Institut Francais du Petrole
  • 02/16/2001 -- Electric Power news briefs, Feb. 16
    Southern California Edison Co. ... FirstEnergy Corp. ... Western Electrochemical Co. ... Northern Border Partners LP ... Dynegy Canada Inc. ... Salt River Project ... Bass Hotels & Resorts ... TXU Corp.
  • 02/19/2001 -- Shaw Industries, Halliburton to acquire Thermotite AS
    Bredero-Shaw, a joint venture of Shaw Industries Ltd., Toronto, and Halliburton Co., Houston, has signed a letter of intent to acquire Thermotite AS from Eupec PipeCoatings GMBH.
  • 02/20/2001 -- Lukoil to invest heavily in North West region
    Russian company Lukoil plans to invest at least 130 billion rubles ($4.5 billion) in the North Western federal region of Russia over the next 10 years. Exploration and development of the area will eat up a good portion of the money, but another issue is just as important: Development of the region is made difficult by poor transportation infrastructure, said a Lukoil statement.
  • 02/20/2001 -- Fluor Daniel to manage Nanjing petrochemical project
    BASF-YPC Co. Ltd., a joint venture between BASF AG and China Petroleum & Chemical Corp. (Sinopec), has selected Fluor Corp. unit Fluor Daniel to manage a $2.6 billion petrochemical project in Nanjing, China.
  • 02/21/2001 -- Xcel begins work on two transmission projects
    Grid reliability trumps local concern, Colorado state regulators ruled in ordering Xcel Energy Inc. to proceed immediately with upgrading a 115 kv transmission line between Boulder and Broomfield. The Colorado Public Utilities Commission said an immediate upgrade of the line is needed to prevent possible customer outages. Separately, a Texas subsidiary of Xcel has begun construction of an interstate 345 kv line that company executives say will also help also relieve constraints in Colorado.
  • 02/21/2001 -- Gas geysers in Hutchinson, Kan., puzzle investigators
    Investigators are using a combination of water-well rigs and coiled-tubing units to find and vent shallow migrating pockets of natural gas that recently sparked explosions that killed two people in Hutchinson, Kan.
  • 02/22/2001 -- Energy groups urge EPA's Whitman to revamp diesel sulfur rule
    A score of associations has urged US Environmental Protection Agency Administrator Christine Todd Whitman to reconsider her agency's rule slashing sulfur in diesel fuel. The rule would require a 97% cut in sulfur levels by June 2006.
  • 02/22/2001 -- Syntroleum says Australia GTL plant would cost $506 million.
    Syntroleum Corp., Tulsa, said Thursday that preliminary engineering work has indicated its proposed 10,000 b/d Sweetwater gas-to-liquids plant in western Australia would cost $506 million. The estimate by Tessag Industrie Anlagen GMBH covered engineering, procurement, and construction (EPC).
  • 02/22/2001 -- BPA proposes variable rate plan for customers
    Bonneville Power Administration proposed a settlement to many of its rate cases by agreeing to a variable rate scheme that adjusts according to demand for power and the price of wholesale power. The new variable rates will change every 6 months instead of being fixed for a 5-year period. Customers that can reduce load through conservation will benefit with lower rates and if the wholesale market ever settles down that will also decrease rates.
  • 02/23/2001 -- PanCanadian sets $1 billion (Can.) to tap Deep Panuke off Nova Scotia
    The board of PanCanadian Petroleum Ltd., Calgary, has approved the $1 billion (Can.) development of Deep Panuke gas field off Nova Scotia. It said the development cost included a pipeline to shore. PanCanadian has 100% of the field, 250 km southeast of Halifax in the Sable Island area. Deep Panuke underlies the Panuke oil field.
  • 02/23/2001 -- American International starts refinery runs for Sargeant Bulktainers
    American International Petroleum Corp. said Friday that 10,000 b/d of crude oil processing had begun at its Lake Charles, La., refinery for Sargeant Bulktainers (SB), a unit of the Sargeant Cos. American's subsidiary, American International Refinery Inc. (AIRI), operates the 30,000 b/d plant.
  • 02/23/2001 -- Wisconsin Energy amends filing, proposes more plants
    Wisconsin Energy Corp. Friday said it will amend its controversial application to spin off existing generating capacity to an unregulated affiliate and will seek state approval to build 1,100 Mw in addition to the 1,700 Mw it has already proposed. The company's initial application raised serious questions of market power, according to the Wisconsin Public Service Commission.
  • 02/23/2001 -- Husky to spend $5.25 billion (Can.) over 10 years on oil sands projects
    Husky Energy Inc., Calgary, plans to invest $5.25 billion (Can.) [$3.5 billion (US)] over 10 years in three oil sands projects in northern Alberta. One project will be at Tucker Lake, west of Cold Lake, Alta. Two others will be at Kearl Lake, on leases about 50 miles north of Fort McMurray.
  • 02/23/2001 -- Three major companies consider building Iran LNG plant
    Three major companies have agreed to begin a $10 million feasibility study of a liquefied natural gas project in southern Iran. The study will examine using gas from Iran's South Pars field and moving it to the proposed plant at Pars Special Energy Economic Zone at Assaluyeh on the Persian Gulf.
  • 02/26/2001 -- Hurricane 2000 net income more than 18 times 1999
    Hurricane Hydrocarbons Ltd., Calgary, reports its net income in 2000 was $155 million (US), more than 18 times 1999's net income. The company, which produces and refines crude oil in Kazakhstan, attributed the gains to acquisition of the 160,000 b/d Shymkent refinery, which processes its crude, and to a favorable international price environment.
  • 02/27/2001 -- Conoco and Petronas buying Statoil's share of Malaysian refinery
    Conoco Inc. and Petronas, the Malaysian state oil company, Tuesday said they were buying Statoil AS's 15% share of a joint-venture Melaka refinery. Conoco held 40% of the 95,000-b/d refinery, which is south of Kuala Lumpur. Petronas operates the facility and had 45%. The split of acquired shares will be announced later.
  • 02/27/2001 -- California power peaking projects now in doubt
    Doubts surfaced Tuesday over California's ability to quickly add 1,000 Mw of electric generating capacity to serve peak demand this summer. Earlier this month, Gov. Gray Davis optimistically forecast an additional 5,053 Mw�including 1,000 Mw of peaking capacity over and above the 1,133 Mw already under contract to the California Independent System Operator�should be ready by July 2001. But most developers reported their projects will not be on line this summer.

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