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Processing 2001 P9

  • 04/02/2001 -- Formosa begins production from polypropylene unit
    Formosa Plastics Corp. USA has begun commercial production at its new polypropylene unit at Point Comfort, Tex. The 700 million lb/year unit will boost the company's total polypropylene capacity to 1.5 billion lb/year.
  • 04/02/2001 -- Pemex awards sour gas treatment plant contract
    Petr�leos Mexicanos has awarded Grupo Profesional Planeaci�n y Proyectos SA de CV (PYPSA) a $5 million engineering, procurement, and construction contract to modernize 10 sour gas sweetening plants at the Cactus Petrochemical Complex in Chiapas, Mexico.
  • 04/02/2001 -- Enerchem International completes purchase of Trysol Canada Ltd.
    Enerchem International Inc. Monday announced it has bought all issued and outstanding shares of Trysol Canada Ltd. for $10 million, subject to post-closing adjustments. Enerchem issued 1.2 million shares worth $3.6 million and paid the balance in cash (OGJ Online, Feb. 6, 2001). Trysol develops and manufactures well servicing fluids.
  • 04/03/2001 -- Jilin to expand Chinese ethylbenzene plant
    Jilin Chemical Industrial Co., an affiliate of PetroChina Co. Ltd., has awarded ABB Lummus Global, an affiliate of ABB Group, a contract to expand an ethylbenzene plant in Jilin City, China.
  • 04/04/2001 -- Dushanzi sets another expansion at Chinese polyethylene plant
    Dushanzi Petrochemical Co. will further increase the capacity of its polyethylene plant at Dushanzi, Xinjiang province, northwest China. The company will use BP PLC's proprietary Innovene polyethylene technology to increase the linear low density polyethylene and high density polyethylene capacity of the plant by 40,000 tonnes/year.
  • 04/04/2001 -- California Energy Commission staff recommends 675 Mw of projects
    In a flurry of activity, staff at the California Energy Commission recommended approval of 675 Mw in power projects under its emergency permitting authority. The staff proposed approval of the 90 Mw Larkspur energy facility and the 135 Mw Indigo project. A commission committee also conditionally recommended approval of a proposal by AES Huntington Beach LLC, a unit of AES Corp., to retool and restore to service the 450 Mw Units 3 and 4 of the Huntington Beach generating station.
  • 04/04/2001 -- Technip wins contract for Martinique refinery work
    The Societe Anonyme de la Raffinerie des Antilles awarded Technip SA, Paris, the engineering design contract for a major expansion of its 17,000-b/d refinery near Fort-de-France, Martinique. The expansion will bring the refinery's production into compliance with 2005 quality standards for the refined products.
  • 04/04/2001 -- Shell to buy naphtha from Papua New Guinea refinery
    Shell International Eastern Trading Co. of Singapore has agreed to buy excess naphtha for 3 years from the refinery InterOil Corp., Cairns, Australia, is building in Papua New Guinea.
  • 04/05/2001 -- ATP buys 'cornerstone' UK North Sea stakes from BP
    ATP Oil & Gas Corp. said Thursday that it had finalized the acquisition of two stakes in the southern gas basin of the UK North Sea from BP PLC. The purchase price for the interests, BP's 100% stake in the so-called Block 47/10 Discovery Area and its 50% working interest in Conoco Inc.-operated Venture Field located on Block 49/12a North, was not disclosed.
  • 04/05/2001 -- AGA: nuclear, coal could curtail gas growth
    Gas consumption by central station electricity generating plants will more than double over the next 20 years, but the increase may be 1 quad less than projected by some forecasters, the American Gas Association said in a new analysis. The AGA now expects nuclear plant licenses will be extended and coal�s share of the power market to remain stable. Reciprocating engines, microturbines, and fuel cells are expected to account for roughly 20% of all new electricity generating capacity.
  • 04/06/2001 -- Market watch: NYMEX continues upward path
    Energy futures prices continued to rise, although at a lower pace, in trading on the New York Mercantile Exchange Thursday. The May contract for light, sweet crude advanced 14� to settle at $27.26/bbl. The June contract rose 22� to $27.49/bbl.
  • 04/06/2001 -- Northern Border Partners completes acquisitions
    Northern Border Partners, LP, Omaha, Neb., Friday announced it completed the acquisitions of Bear Paw Energy LLC and certain Canadian midstream assets for more than $400 million. Bear Paw Energy was bought from a consortium of investors, and the Canadian midstream assets from Dynegy Inc.
  • 04/09/2001 -- InterOil, Shell form strategic alliance for Papua New Guinea refinery
    Interoil Corp., Cairns, Australia, will buy Royal Dutch/Shell Group's retail and distribution assets in Papua New Guinea for $18 million in cash and stock. The deal will give Shell 9% of InterOil's outstanding shares.
  • 04/09/2001 -- DOE would cut oil and gas research, pending energy strategy plan
    The US Department of Energy's latest budget fiscal 2002 proposal would dramatically reduce research on oil, gas, and renewable fuels in favor of clean coal technologies. Energy Sec. Spencer Abraham said those spending levels may change after an interagency task force issues its energy policy recommendations.
  • 04/10/2001 -- Koch guilty plea, fine resolves Corpus Christi refinery case
    Koch Industries and Koch Petroleum Group LP will plead guilty to one charge and pay $20 million to resolve federal allegations about benzene emission violations at Koch's 297,000-b/d Corpus Christi, Tex., refinery. It will pay a $10 million fine and $10 million for community service projects in the Corpus Christi area.
  • 04/10/2001 -- BPA warns of 250% rate increase in Northwest
    After months of warnings drastic wholesale price increases were inevitable, Bonneville Power Administration said wholesale customers could expect hikes of 250% by October, if demand is not reduced. This could double retail rates for some Northwest consumers. BPA administers hydroelectric power facilities and transmission system in the Northwest that service the area's utilities and large industrial customers.
  • 04/10/2001 -- Germany's E.ON to buy UK's Powergen; adds US access
    Germany's E.ON AG said it will acquire the UK's Powergen PLC in a 8.2 billion euro ($7.41 billion) deal that will create the world's second largest electricity service provider, after state-owned Electricite de France. E.ON said it will offer Powergen shareholders 765 pence ($11), an 8.4% premium over Friday's closing price, plus it agreed to accept 7.1 billion euros in debt from Powergen's acquisition of Kentucky-based LG&E Energy Corp.
  • 04/10/2001 -- California's Davis renews call for regional price caps
    California Gov. Gray Davis Tuesday said the state has more than 40 long-term contracts and agreements with major power companies that will deliver 629 million Mw-hr in the next 10 years, in a letter to the Federal Energy Regulatory Commission. But despite the state's success in lining up long-term power contracts, Davis reiterated his call for FERC to impose a regional price cap on the wholesale power market.
  • 04/11/2001 -- Triton Energy expands Ceiba field off Equatorial Guinea
    The most recent drilling at Ceiba field off Equatorial Guinea found new pay zones and increased reserves, said operator Triton Energy Corp., Dallas. Four wells averaged a combined 45,000 b/d in early April. The remote field on Block G went on line last year as the Rio Muni basin�s first discovery.
  • 04/11/2001 -- PGS Production Services wins GTL operating contract
    Syntroleum Corp., Tulsa, said Wednesday it awarded a $215.4 million operating and maintenance contract to a joint venture involving PGS Production Services, Aberdeen, and Clough Engineers Ltd., Perth, Western Australia, for the 10,000 b/d Sweetwater gas-to-liquids plant in western Australia.
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