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Processing 2002 P2

  • Mon Jan 07 12:01:00 CST 2002 -- Emergency peaker plant permitting project ends in California
    With electricity prices falling and money tight, the last peaking power project pending under an emergency program to get electric generating capacity up and running quickly in California was withdrawn from consideration. Pegasus Power Project was a 180 Mw expansion of an existing plant at a prison in San Bernardino County. The application was withdrawn Jan. 3.
  • Tue Jan 08 08:01:00 CST 2002 -- Statoil says Mongstad refinery terminal is Europe's second-busiest port
    Statoil ASA reports the terminal at its 200,000 b/d Mongstad refinery now is Europe's second-busiest oil port, after Rotterdam, in terms of volume. Shipping at the four land facilities operated by Statoil in Norway and Denmark set records in 2001.
  • Tue Jan 08 10:01:00 CST 2002 -- Nigeria to seek international bidders to build five refineries
    On Thursday the Nigerian government plans to seek international bids for the construction of new refineries, as part of its liberalization of the downstream sector.
  • Tue Jan 08 14:01:00 CST 2002 -- Navajo Refining to install hydrotreater, expand capacity at New Mexico plant
    Holly Corp. subsidiary Navajo Refining Co. LP has received necessary permits to install a gas oil hydrotreating unit at its 60,000 b/d refinery at Artesia, NM, and expand refining capacity.
  • Tue Jan 08 15:01:00 CST 2002 -- Canada seeks comment on rule that would cut diesel sulfur to 15 ppm
    The Canadian government has begun a 60-day public comment period on draft regulations that would reduce sulfur content of diesel fuel by 95% to a 15 ppm maximum. The proposals, which would align with the US's diesel requirement timeline, are part of Canada's Clean Air Agenda.
  • Wed Jan 09 07:01:00 CST 2002 -- UK independent Enterprise Oil confirms it is takeover target
    London financial analysts think Italy's ENI SPA and Royal Dutch/Shell Group are the most likely suitors for British independent oil producer Enterprise Oil PLC, which has confirmed that it recently received and rejected an unsolicited offer from another firm.
  • Wed Jan 09 10:01:00 CST 2002 -- Ensyn to build heavy oil upgrading demo plant at Enbridge terminal
    Enbridge Inc., Calgary, and Ensyn Group Inc., Boston, Mass., have formed a strategic alliance to develop Ensyn's heavy oil upgrading technology. This year, Ensyn will build a 1,000 b/d demonstration plant at Enbridge's Hardisty terminal.
  • Wed Jan 09 11:01:00 CST 2002 -- TECO claims progress on financing projects; cuts capital budget
    Florida energy holding company TECO Energy Inc. Wednesday said it is making progress lining up $1.2 billion to complete two power projects for which an Enron Corp. subsidiary is serving as construction contractor. If the proposal isn't approved by Jan. 11, TECO and its joint venture partner Panda International Inc., Dallas, Tex., have until Jan. 31 to find another lender.
  • Wed Jan 09 14:01:00 CST 2002 -- China National Petroleum acquires refinery in Ningxia province
    China National Petroleum Corp. has acquired Ningxia Dayuan Refining & Chemical Corp., which owns a 50,000 b/d refinery in Ningxia province.
  • Thu Jan 10 09:01:00 CST 2002 -- Russia's Sibneft plans higher output, threatening pact with OPEC
    OAO Sibneft has announced increased production targets for 2002, an action that traders on the London International Petroleum Exchange interpreted as putting pressure on Russia's pact with the Organization of Petroleum Exporting Countries to restrain global oil output.
  • Thu Jan 10 12:01:00 CST 2002 -- Valero to upgrade Texas City refinery, process Maya crude
    Valero Energy Corp., San Antonio, will upgrade its 220,000 b/d Texas City, Tex., refinery at a cost of $300 million. The upgrade, which includes a 45,000 b/d delayed coker facility, will allow it to process the Maya crude it arranged to take from a Pemex affiliate.
  • Thu Jan 10 14:01:00 CST 2002 -- Processing news briefs, Jan. 10
    Phillips Petroleum Co. ... Conoco Inc. ... Enersul Technologies ... Prism Gas Systems Inc. ... Reliant Energy Gas Processing Co. ... Amoco Production Co. ... Dynegy Midstream Services LP ... Duke Energy Field Services ... and more
  • Fri Jan 11 11:01:00 CST 2002 -- Former executive leads buyout of Australian Vinyl Corp.'s PVC interests
    Former executives of Australian Vinyls Corp. have agreed to acquire the polyvinyl chloride resin and specialty products interests of Orica Ltd., Melbourne, and PolyOneCorp., Cleveland, Ohio, in their joint venture AVC.
  • Fri Jan 11 14:01:00 CST 2002 -- California electricity air pollution fell, despite fear of summer rise
    Fears that air pollution from oil and gas-fired electric generation would surge in California this past summer never materialized, state officials said. Nitrogen oxide emissions actually declined 24% between June and August 2001, compared to the same period in 2000, according to findings of the California Air Resources Board.
  • Mon Jan 14 10:01:00 CST 2002 -- Former Enron Energy Services execs form new company
    Former Enron Energy Services executives formed a new company to manage energy risk for small to mid-sized businesses. Celeren Corp., Philadelphia, will sell risk management energy services and independent power generation services.
  • Mon Jan 14 12:01:00 CST 2002 -- Westcoast plans expansion of British Columbia gas trunkline
    Westcoast Energy Inc. plans a $338.4 million (Can.) expansion of its Southern Mainline gas pipeline system in British Columbia.
  • Mon Jan 14 12:01:00 CST 2002 -- Congress funds test of Syntroleum process to make military jet fuel
    The US Congress has appropriated $3.5 million for a proposed pilot plant for Syntroleum Corp.'s battlefield fuel JP-8 as part of the Department of Defense's 2002 appropriations bill.
  • Mon Jan 14 16:01:00 CST 2002 -- Flint Hills to invest in sulfur equipment for Corpus Christi refinery
    Flint Hills Resources LP, Wichita, Kan., will invest $145 million in upgrades to its 300,000 b/d Corpus Christi, Tex., refining complex. Flint Hills will begin engineering and construction of a sulfur-processing unit within the next 6 months.
  • Tue Jan 15 16:01:00 CST 2002 -- OSHA recommends Motiva be fined more than $259,000 for fatal accident
    The US Occupational Safety and Health Administration (OSHA) recommended fines of more than $259,000 for Motiva Enterprises LLC for problems relating to a July 2001 fatal incident at its then-152,000 b/d Delaware City, Del, refinery. Motiva said it would vigorously defend itself against the citations.
  • Wed Jan 16 09:01:00 CST 2002 -- Futures prices edged up in trading Tuesday, fall slightly on API survey
    In New York Tuesday, energy futures prices stabilized in trading on the New York Mercantile Exchange. The February contract for light, sweet crude, the US benchmark, edged up 1¢ to close at $18.90/bbl, while the March contract stood at $19.44/bbl, up 3¢.
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