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Processing 2001 P8

  • 03/22/2001 -- Enichem awards contract to Technip to revamp Italian plant
    Enichem SPA awarded a turnkey contract, valued at 8 million euros, to Paris-based Technip SA to revamp instrumentation and automation at its ethylene plant at Porto Torres, Sardinia, Italy.
  • 03/23/2001 -- PDVSA to supply heavy crude to Orion Refining in Louisiana
    Petroleos de Venezuela SA has signed a 3-year contract to supply heavy crude to Orion Refining Corp., Norco, La., OPECNA wire services reported Friday. The contract calls for deliveries of at least 50,000 b/d, which could be increased to 110,000 b/d of heavy 16�-gravity crude.
  • 03/23/2001 -- Dow Chemical to acquire Basell polypropylene plant
    Dow Chemical Co. has agreed to acquire Basell NV's 195,000 tonne/year capacity polypropylene plant in Cologne, Germany. Dow will acquire the plant and associated business for an unnamed sum. It will take ownership of the site Apr. 1.
  • 03/26/2001 -- CMAI: Polyolefin demand to grow 6-8%/year
    World demand for polyolefins is expected to grow 6-8% a year until 2005, according to Chemical Market Associates Inc.'s 2001 World Polyolefins Analysis. That figure is 1.5-2.5 times world gross domestic product for the same period, said Houston-based CMAI.
  • 03/26/2001 -- Issues & Analysis: Proponents say time is ripe to consider new nuclear power plants
    Spheres about the size of tennis balls may power the next generation of nuclear power plants, called pebble bed reactors. Conventional power plants use nuclear fuel rods clad in metal and cooled by water. The next generation of nuclear power plants will have a graphite lined silo reactor stuffed with 400,000 of the balls and cooled by helium. Exelon Corp. of Philadephia is developing the pebble bed technology with Eskom, a South African utility.
  • 03/26/2001 -- Varco International agrees to buy ICO oilfield services for $165 million
    Varco International Inc., Houston, signed a letter of intent to buy the oilfield service business of ICO Inc. for $165 million cash. But that apparently won�t stop a proxy battle by a Houston investment group for control of Houston-based ICO.
  • 03/27/2001 -- US Trade and Development Association grants Petroperu $346,000
    The US Trade and Development Association has granted Petroperu SA $346,000 to finance a feasibility study of upgrading the Talara refinery to meet fuel standards recommended by the World Bank. Energy and Mines Minister Carlos Herrera has estimated it would cost $315 million to upgrade the refinery to meet these recommendations.
  • 03/28/2001 -- Asia-Pacific market shifts are having global impacts
    Changing oil-trade patterns in the Asia-Pacific region will influence strategy of the Organization of Petroleum Exporting Countries and the oil-price outlook worldwide. Top executives from two oil companies told the Middle East Petroleum & Gas Conference in Dubai that the outlook remains gloomy for Asia-Pacific refiners.
  • 03/28/2001 -- Technip's net income rises for eighth year
    Technip SA, Paris, reported its net income rose for an eighth consecutive year to 214 million euros ($191.72 million US) in 2000, compared with 173 million euros ($154.99 million US) for 1999. Daniel Valot, Technip chairman and CEO, said Tuesday he expected larger contracts in 2001 due to higher global exploration and production.
  • 03/28/2001 -- Varco International acquires Bradon Industries
    Varco International Inc., Houston, has acquired through a subsidiary the capital stock of Bradon Industries Ltd. Terms of the sale were not disclosed. Bradon is a manufacturer of coiled tubing units as well as a provider of industrial plant services and construction in Canada.
  • 03/28/2001 -- Indian Oil to expand, upgrade Digboi refinery
    Indian Oil Co. plans to expand and modernize its Digboi refinery, which first came on stream in 1901. Once work is complete, capacity will reach 1 million tonnes/year from the current 650,000 tonnes/year.
  • 03/29/2001 -- Minister: Industry must commit to stabilizing global energy markets
    Italian Minister of Industry Enrico Letta Thursday called on the world's industrialized nations to show a firmer hand in helping to stabilize global energy markets by developing technologies that would both aid in the expansion of energy supply and the reduction of demand. Letta said the onus rested with developed countries because they were better able to absorb the impact of oscillations in crude prices, which occurred even during periods of general economic stability.
  • 03/30/2001 -- BP invests more at Lavera, France, refinery-petrochem site
    BP PLC said investments at its Lavera refining-petrochemical site on the French Riviera would make it one of its star sites. Integrating the refining and petrochemicals businesses on the site is also a long-range goal.
  • 03/30/2001 -- Foxboro gets Saudi gas plant automation contract
    JGC Corp. and Technip SA, as turnkey contractors for Saudi Arabian Oil Co. (Saudi Aramco), have awarded Foxboro Co. an automation contract for the Haradh gas plant.
  • 03/30/2001 -- Second California QF sues for release from SCE contract
    The operator of the largest cogeneration plant in the western US filed suit Thursday, becoming the second so-called qualifying facility to ask to be released from an electrical supply contract with Southern California Edison Co. to sell power on the open market. Watson Cogeneration Co.operates a 420 Mw power plant which serves BP's Carson oil refinery. The facility has reduced generation by 140 Mw due to Southern California Edison's (SCE) alleged failure to pay its power bill.
  • 03/30/2001 -- New York regulators approve demand reduction programs
    The New York State Public Service Commission approved programs to limit electricity demand at peak use time and ordered the state�s electric utilities to file revised plans to pay customers who bid to curtail load. The regulators expect the �demand response� programs to be in place for the summer. Specifically the commission approved certain voluntary curtailment programs by Consolidated Edison Co. of New York Inc. that serves transmission constrained New York City.
  • 03/30/2001 -- Ethylene producers build Middle East capacity but rethink US plans
    Recent ethylene capacity additions in the Middle East have Asian and European producers worried, consulting company DeWitt & Co. Inc., Houston, said at its World Petrochemical Review this week. It said in North America, the strength of natural gas prices has cut into margins, making producers rethink their decisions and strategies for expanding cracker capacity.
  • 03/31/2001 -- Pebble bed reactors offer hope for nuclear industry
    Spheres about the size of tennis balls may power the next generation of nuclear power plants, called pebble bed reactors. Exelon Corp. of Philadephia is developing the technology with Eskom, a South African utility that is conducting feasibility studies. Photo courtesy of Eskom
  • 04/02/2001 -- Electric Power news briefs, Apr. 2
    Mirant ... Jamaica Public Service Co. ... Wisconsin Public Service ... BP ... Calpine ... Transwestern Pipeline ... Texas-New Mexico Power ... PSEG Power ... Tucson Electric Power ... Phelps Dodge Energy Services. ... Maytag Corp. ... TXU Energy Services ... GE Power Systems ... Programma Electric ... CLP Power China Ltd. ... Beijing Guohua Electric Power Corp. ... Constellation Energy Group ... Seminole Electric Cooperative ... Dominion ... Northeast Utilities ... BC Gas Utility Ltd.
  • 04/02/2001 -- Ziff survey finds energy firms most worried about land access
    The two biggest challenges to increasing North American gas production are access to prospective land and availability of adequate drilling services, Ziff Energy Group said a survey has indicated. Last year, survey participants� biggest concern was low gas prices.
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