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Processing 2002 P3

  • Thu Jan 17 10:01:00 CST 2002 -- Turkmenneftegas gives diesel plant contract to Technip-Coflexip
    State-owned Turkmen oil and gas company Turkmenneftegas has awarded Technip-Coflexip Group a 130 million-euro contract for the design and construction of a diesel hydrotreating plant at its 116,477 b/d refinery at Turkmenbashi.
  • Thu Jan 17 12:01:00 CST 2002 -- Duke to slow power plant construction program
    Duke Energy Corp. Thursday said it has slowed its power plant construction program and now expects to build 18,000 Mw of generating capacity during the next 4 years, down from the 26,000 Mw construction program previously reported. Group Vice-Pres. Harvey Padewar said 11 plants representing 6,000 Mw will be completed this year.
  • Thu Jan 17 15:01:00 CST 2002 -- API says US gasoline prices stabilize after rising for 3 weeks
    US gasoline prices remained basically unchanged at $1.11/gal for the week ended Jan. 11 after rising for 3 weeks in a row, said the American Petroleum Institute.
  • Thu Jan 17 15:01:00 CST 2002 -- Basell awards German polyethylene plant contract to Tecnimont
    Basell Polyolefine GMBH awarded Montedison Group unit Tecnimont a 140 million euro contract for a 320,000 tonne/year high-density polyethylene plant to be built at Wesseling, Germany.
  • Thu Jan 17 17:01:00 CST 2002 -- CMAI predicts 3.9% annual rise in butadiene demand through 2006
    Global demand for butadiene will increase an average of 3.9%/year in 2001-06, predicted Chemical Market Associates Inc., Houston.
  • Fri Jan 18 09:01:00 CST 2002 -- Shell Nederland brings propylene glycol ether plant on stream
    Shell Nederland Chemie BV has brought a 100,000 tonnes/year propylene oxide glycol ether plant on stream at Pernis, the Netherlands.
  • Fri Jan 18 12:01:00 CST 2002 -- Wisconsin Senate panel acts on power plant compensation bill
    A Wisconsin state Senate committee passed a measure sought by utilities that would compensate communities for allowing new electric generation to be located inside their borders. The Wisconsin state Assembly adopted a similar measure in October.
  • Tue Jan 22 10:01:00 CST 2002 -- Yukos to acquire stake in First International Oil block in Kazakhstan
    Russian firm Yukos Oil Co. will acquire a 77.5% interest in and operatorship of the Federovskoye exploration block in Kazakhstan. First International Oil Corp., Houston, which acquired the block in 2000, will participate in exploration activities with Yukos.
  • Tue Jan 22 11:01:00 CST 2002 -- Funding for Union, Gila River projects resumes, sponsors say
    Construction funding has resumed on the 2,200 Mw Union and 2,200 Gila Bend power plants, the nation's two largest merchant energy projects, TECO Energy Inc. and Dallas-based Panda Energy International Inc. reported Tuesday. Funding for the $1 billion projects was halted because Enron Corp. had guaranteed the construction company's loans.
  • Wed Jan 23 10:01:00 CST 2002 -- Market watch: Production cuts talk and reduced refinery runs affect prices
    Energy futures prices rebounded in international markets Tuesday with talk that the Organization of Petroleum Exporting Countries is not only curtailing oil production as promised but might consider another reduction in March.
  • Thu Jan 24 10:01:00 CST 2002 -- Market watch: Tighter market indicators boost energy futures prices
    International energy futures prices continued to climb Wednesday, spurred by indications that members of the Organization of Petroleum Exporting Countries are still dissatisfied with current price levels and may favor another production cut.
  • Fri Jan 25 10:01:00 CST 2002 -- Market watch: US oil futures prices rise despite market uncertainties
    Oil futures prices continued to climb Thursday on the New York Mercantile Exchange with traders still trying to determine the real impact of promised production cuts by the Organization of Petroleum Exporting Countries and other nonmember producers.
  • Fri Jan 25 15:01:00 CST 2002 -- Louisiana regulators want electricity deregulation cost estimate
    Louisiana, which up to now has held off deregulating the electric power industry, appears to be reconsidering that position or is, at least, keeping its options open. The Louisiana Public Service Commission (PSC) recently asked investor-owned electric utilities to estimate how much it would cost to make the transition to a competitive retail market.
  • Mon Jan 28 09:01:00 CST 2002 -- Alberta Energy, PanCanadian announce $27 billion (Can.) merger
    Alberta Energy Co. Ltd. and PanCanadian Energy Corp. plan to merge during April into a $27 billion (Can.) company to be called EnCana Corp. The two companies said EnCana would be the world's largest independent oil and gas company in terms of enterprise value, reserves, and production.
  • Mon Jan 28 11:01:00 CST 2002 -- PKN Orlen lets contract to ABB for ethylene plant expansion
    Polish company PKN Orlen SA has let a $165 million contract to ABB Group to expand an ethylene plant in Plock, 100 km from Warsaw.
  • Tue Jan 29 10:01:00 CST 2002 -- Yukos buys 49% of Slovakian pipeline company, gets option for rest
    A subsidiary of Russian company Yukos Oil Co. has agreed to acquire 49% of Slovakian state pipeline company Transpetrol for $74 million.
  • Tue Jan 29 11:01:00 CST 2002 -- Petrol, Tyumen Oil plan refining-marketing venture in Balkans
    Russian company Tyumen Oil Co. and Slovenian company Petrol have agreed to cooperate in oil processing and marketing in Croatia, Bosnia and Herzegovina, the Federal Republic of Yugoslavia, and Macedonia.
  • Wed Jan 30 10:01:00 CST 2002 -- Chinese Petroleum Corp. to refine Middle East oil for CNPC
    Taiwan's state-run Chinese Petroleum Corp. has agreed to refine 600,000 bbl of crude oil for mainland China's China National Petroleum Corp.
  • Wed Jan 30 15:01:00 CST 2002 -- Oil union rejects wage and benefits offer from lead refiner
    The Paper, Allied-Industrial, Chemical, and Energy Workers International Union Wednesday rejected a wage and benefits offer from Shell Oil Co., the lead refiner in this year's bargaining. The current labor agreement, which covers 30,000 workers in the oil and gas sector, expires at 12:01 a.m. Feb. 1.
  • Wed Jan 30 16:01:00 CST 2002 -- Terrorism is a management problem for the US, says academic expert
    The US can only manage terrorism at best but never eliminate it, a professor of government from California State University in Chico told industry representatives Wednesday at the 10th annual North American Prospects Expo in Houston.

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