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Processing 2002 P4

  • 01/30/2002 -- UAE petrochemical plant begins shipments
    The Borouge joint venture of Abu Dhabi National Oil Co. and Borealis AS, Copenhagen, began first shipments from the $1.2 billion petrochemical complex at Ruwais this month, said the Organization of Petroleum Exporting Countries' news agency.
  • 01/30/2002 -- Mirant cancels turbines, expects "significant" charge
    Energy marketer Mirant Corp. Wednesday cut 2002 estimated earnings and said it expects to take a "significant," one-time charge in the first quarter for canceled turbines, staff reductions, and other items. Mirant said it was reducing the 2002-2003 capital budget by suspending construction on two plants, warehousing turbines for two other projects, and by putting in place the ability to cancel all remaining turbines.
  • 01/31/2002 -- TXU predicts 20% rise in 2002 first quarter net income
    Dallas-based TXU Corp. said it expected 2002 first quarter earnings to be more than 20% higher than the first quarter 2001, representing a range of $1-$1.05/share. TXU said it also expected to meet earnings expectations of $4.35-$4.45/share in 2002 with continued 9-11% growth thereafter.
  • 01/31/2002 -- ENI, NOC award $1 billion contract for Libyan treatment plants
    Agip Gas BV, on behalf of ENI SPA and Libyan state oil company National Oil Corp., has awarded a 1.2 billion euro ($1.03 billion) engineering, procurement, and construction contract for hydrocarbon treatment plants near Mellitah, Libya, to a consortium led by JGC Corp.
  • 02/01/2002 -- Thai Olefins lets contracts to expand Rayong olefins complex
    Thai Olefins Co. awarded three contracts totaling $126 million to expand its olefins complex in Rayong by 300,000 tonnes/year to 685,000 tonnes/year.
  • 02/05/2002 -- Tesoro to buy Valero's Golden Eagle refinery in California for $1 billion
    Tesoro Petroleum Corp. Tuesday said it would buy the 168,000 b/d Golden Eagle refinery in the San Francisco Bay area from Valero Energy Corp. for $1.075 billion. Included in the sale are 70 service stations in northern California.
  • 02/06/2002 -- Foster Wheeler to provide delayed coker at Valero's Texas City refinery
    Valero Energy Corp., San Antonio, has selected Foster Wheeler USA Corp. to provide engineering, procurement, and construction services for the 45,000 b/d delayed coker at its 220,000 b/d Texas City, Tex., refinery.
  • 02/06/2002 -- IFP head says governments will pay larger role in world energy scene
    Governments will structure the major evolutions of the future world energy scene, predicts Institut Français du Pétrole Pres. Claude Mandil. Mandil made the statement in Paris as he opened the recent Panorama, a review of the previous year's energy events.
  • 02/06/2002 -- Economy, Enron slowed retail competition, Michigan regulators say
    Just 3,200 customers were participating in Michigan's retail electric pilot program at yearend, regulators reported. But state regulators urged patience in 2002, the first year of full retail participation.
  • 02/06/2002 -- Hunt Oil awards Camisea liquefaction plant engineering to Halliburton KBR
    US firm Hunt Oil Co. this week will sign an $8.5 million basic engineering and design contract for a Camisea gas liquefaction plant with Halliburton KBR.
  • 02/07/2002 -- Processing news briefs, Feb. 7
    BASF ... Basell ... PDVSA ... Otepi-Inelectra-Sadaven ... TOYO ... Sinopec Beijing Yanhua Petrochemical ... Shell Deer Park Refining ... Emerson Process Management ... Enterprise Products Partners ... Valero ... Koch Industries ... Frontier Oil ... PACE
  • 02/07/2002 -- Electric Power news briefs, Feb. 7
    Arizona Public Service Co. ... Salt River Project ... Progress Energy Inc. ... EPN-NGL Storage LLC ... Suburban Propane Partners LP ... Detroit Edison Co. ... Michigan Consolidated Gas Co. ... CMS Energy Corp. ... Immingham CHP LLP ... Foster Wheeler Energy Ltd.
  • 02/11/2002 -- Industry and ethanol groups seek RFG compromise
    Industry and ethanol interests are seeking a compromise on how the US Congress should update the federal reformulated gasoline program, according to stakeholders and congressional sources Monday. Senate Majority Leader Tom Daschle (D-SD) said he will begin debate on a comprehensive energy bill later this week.
  • 02/12/2002 -- BP selling Yorktown, Va., refinery to Giant Industries for $127.5 million
    BP PLC said Tuesday it is selling its 62,000-b/d Yorktown, Va., refinery to Giant Industries Inc., Scottsdale, Ariz., for $127.5 million.
  • 02/12/2002 -- Finance/Companies news briefs, Feb. 12
    Premcor ... Grey Wolf ... US Department of Energy ... Equiva ... Lukoil ... Black Warrior Wireline ... Big Gun Perforating
  • 02/12/2002 -- EPA gives refiners flexibility on RFG transition rules
    The US Environmental Protection Agency Wednesday agreed with refiners looking for ways to streamline reformulated gasoline rules when suppliers switch from winter to summer fuel. EPA's new rule eliminates complicated blend stock accounting rules and keeps seasonal deadlines for RFG supplies intact.
  • 02/13/2002 -- Market watch: Oil futures prices fall to profit taking
    Energy futures prices dropped in international markets Tuesday in a wave of profit taking following the increases of recent sessions. The Centre for Global Energy Studies reported Russia actually increased oil exports during January rather than cutting them as promised.
  • 02/13/2002 -- US gas producers won't regain some ammonia markets, says executive
    Some of the US ammonia and other industrial chemical markets lost when natural gas prices spiked in the winter of 2000-01 will never be regained as that manufacturing capacity is replaced by foreign imports, an industry executive reported Wednesday.
  • 02/13/2002 -- TotalFinaElf to revamp Feyzin refinery
    TotalFinaElf SA plans a 5-year, 70 million euro program to revamp its 114,000 b/d Feyzin refinery in the Rhône valley in eastern France.
  • 02/13/2002 -- Transportation news briefs, Feb. 13
    Stolt Offshore ... Shell Exploration & Production ... Largo Vista ... Equilon Enterprises ... Oiltanking ... Northern Border Pipeline ... KPMG ... Arthur Andersen

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