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Processing 2001 P

  • 02/28/2001 -- German refiner awards Technip hydrogen plant contract
    PCK Raffinerie GMBH of Germany has awarded French company Technip SA a lump sum contract worth more than 30 million euros for the design and construction of a hydrogen plant.
  • 02/28/2001 -- Calpine wins $8.3 billion in long-term contracts with California
    Calpine Corp. agreed to sell the California Department of Water Resources 1,000 Mw of power for $5.2 billion over 10 years, just 2 weeks after cutting a $4.6 billion 1,000 Mw electricity deal with the state agency. Further, Calpine agreed to a 20-year contract with the DWR for up to 495 Mw of peaking power in a contract at up to $3.1 billion.
  • 03/02/2001 -- OPEC's gamble with markets
    Is OPEC gambling with oil markets? The prospect of yet another output cut could collapse demand growth this year and trigger a future downturn.
  • 03/05/2001 -- China�s Maoming Petrochemical starts hydrotreater construction
    Maoming Petrochemical Corp. in southern China�s Guangdong province began to build a jet fuel hydrotreating unit late last month.
  • 03/05/2001 -- Consultants: Coal outlook rosy for most US regions
    Most US steam coal markets will be tight this year, reflecting high natural gas prices and rising demand for electricity. Demand was especially strong at Wyoming's Powder River basin Wright area mines and in the Illinois basin last year, said consultants Hill & Associates, Annapolis, Md. Demand softened in Utah and Colorado but is projected to remain strong in Appalachia.
  • 03/06/2001 -- Snamprogetti lands gas oil separation plant deal
    Saudi Arabian Oil Co. (Saudi Aramco) has awarded ENI SPA's engineering and main contracting arm Snamprogetti a $140 million turnkey contract to build a gas oil separation plant in Haradh, Saudi Arabia. The workscope covers detailed design, material procurement, construction, precommissioning, and commissioning assistance for the plant.
  • 03/06/2001 -- Phu My Plastics & Chemicals secures financing for PVC plant
    Phu My Plastics & Chemicals Co. Ltd. (PMPC) has signed an agreement with Maybank Hanoi and Bank for Investment and Development of Vietnam (BIDV), Hanoi, for a $35 million credit facility. PMPC is a joint venture between Malaysian national oil company Petronas, PetroVietnam, and Tramatsuco.
  • 03/06/2001 -- UGI acquiring 20% stake in Elf Antargaz
    UGI Corp., Valley Forge, Pa., has agreed to acquire a 20% interest in Elf Antargaz, the French propane distribution business of TotalFinaElf SA, for $30 million. Its partners will be Paribas Affaires Industrielles, which will own 70%, and Medit Mediterranea GPL, which will have 10%. The consortium anticipates deal closing in late March.
  • 03/07/2001 -- Maple expands Peruvian exploration area
    Maple Production del Peru, a unit of Maple Gas Co. of the US, will soon begin exploration activities in Peru's Block 31-E in northern Ucayali basin. Maple Production produces 150 b/d from Agua Caliente field in the adjacent Block 31-D.
  • 03/08/2001 -- Sinopec, BP to begin building China ethylene complex in October
    Two Chinese companies and BP will begin building a $2.7 billion ethylene-led petrochemical complex in Shanghai in eastern China in October. A recently completed feasibility study report has been submitted to the government for approval. BP will hold 50% in the project.
  • 03/08/2001 -- Petrobras starts San Alberto gas plant in Bolivia
    Petrobras Bolivia Thursday said the San Alberto natural gas plant in Carapari, Bolivia, has gone on stream with its production exported to the Brazilian market through the Bolivia-Brazil gas pipeline.
  • 03/08/2001 -- National Petrochemical PLC reports record profits
    National Petrochemical PLC (NPC), Thailand's first gas-based olefins producer, reported record net profit of 2.16 billion baht ($50.23 million US) for 2000, up 133% from 1999.
  • 03/08/2001 -- Dow Chemical confirms hydrogen cyanide release near Houston
    Dow Chemical Co. officials Thursday confirmed the accidental release of a small amount of deadly hydrogen cyanide at its subsidiary Hampshire Chemical Corp.�s Deer Park, Tex., chemical complex on the Houston Ship Channel.
  • 03/09/2001 -- Methanex claims donations swayed Gov. Davis on MTBE
    Methanex Corp., Vancouver, alleged campaign contributions swayed California Gov. Gray Davis in his implementation of a California ban on the use of methyl tertiary butyl ether (MTBE) in the state's gasoline starting in 2002. Methanex accused Archer Daniels Midland Co. of misleading and improperly influencing Davis.
  • 03/12/2001 -- Constellation signs $3.6 billion contract with California
    A unit of Baltimore's Constellation Energy Group Inc. Monday confirmed it signed a $3.6 billion long-term power supply contract with the California Department of Water Resources (DWR). Under terms of the 10-year contract with DWR, Constellation Power Source will begin selling generation beginning in April 2001, but the company did not say how much will available during this summer's peak demand. Nor did the company release how much the company is receiving per megawatt-hour for power.
  • 03/12/2001 -- Thai petrochemical firms cancel merger plans
    The merger of Thailand's two major petrochemical firms, National Petrochemical PLC (NPC) and Bangkok Polyethylene PLC (BPE), has been canceled by disagreement on share pricing. Also, state-owned Petroleum Authority of Thailand (PTT) posted a profit before government sharing of 13 billion baht ($302.32 million) last year, down nearly 5% from 1999.
  • 03/12/2001 -- Iran awards contract for largest ethylene steam cracker
    National Petrochemical Co. (NPC) of Iran has awarded Technip SA of France and its Iranian partner, Nargan, a 300 million euro contract for technology and engineering of a 1.4 million tonne/year ethylene steam cracker, which it said would be the largest in the world. The plant will be built at Assuluyeh on the northern coast of the Persian Gulf.
  • 03/12/2001 -- MMS retools royalty oil program supplying small refiners
    The US Minerals Management Service said Monday it has revised a program that allows small refiners to purchase royalty oil from federal leases. MMS said eligible refiners now must submit additional documentation disclosing whether the purchased oil will be subject to third-party trading agreements.
  • 03/13/2001 -- BP refiner says cleaner plants and fuels mean better business
    Allen Kozinski, BP�s group vice president for global refining, told a Gas Processors Association meeting here Monday that cleaner fuels and plants mean better business. He said BP owns or operates 18 refineries worldwide and has sold or have for sale five refineries, but that doesn�t reflect BP�s view of refining in the future.
  • 03/13/2001 -- PDVSA plans $300 million upgrade of Puerto La Cruz refinery
    Petroleos de Venezuela S.A. (PDVSA) Tuesday said a Japanese-Venezuelan consortium signed a $300 million engineering, procurement, and construction contract for the expansion of the Puerto La Cruz refinery. The upgrade will include installation of units to produce unleaded gasoline and low-sulfur diesel.

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