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Processing 2002 P5

  • 02/14/2002 -- CMAI foresees falling profitability for light olefins this year
    Chemical Market Associates Inc., Houston, predicts that profitability for light olefins will continue to fall in 2002. In its 2002 World Light Olefins Analysis, CMAI said producers must contend with a significant build-up of surplus capacity in the midst of a global economic slowdown.
  • 02/14/2002 -- Petroperu awards Talara refinery upgrade to joint venture
    Peruvian state oil company Petroperu has awarded a $20 million contract for the upgrade of its 62,000 b/d Talara refinery to a consortium of Venezuelan company Otepi Consultores and Peruvian company Cosapi.
  • 02/18/2002 -- Shell Chemicals Canada slates world's first world-scale PTT plant in Montreal
    Shell Chemicals Canada Ltd., Montreal, Monday announced a contract with SGF Chimie to form a 50/50 limited partnership to build and operate a polytrimethylene terephthalate (PTT) plant near Montreal. Shell described the $100 million project as the world's first world-scale PTT plant.
  • 02/20/2002 -- BP launches sulfur-free fuels in Edinburgh
    BP PLC began marketing sulfur-free unleaded fuel and sulfur-free diesel at 18 BP-branded retail stations in the Edinburgh area on Feb. 18. Edinburgh is the first city in the world to offer both fuels, says BP.
  • 02/20/2002 -- Duke/Fluor Daniel to build four natural gas-fired power plants
    Duke Energy North America has awarded Duke/Fluor Daniel contracts to perform engineering, procurement, and construction services for four natural gas-fired, simple-cycle merchant power generation plants with a combined capacity of 2,560 Mw in the US South. Two projects are in Mississippi, one is in Kentucky, and one is in Georgia. All four are targeted for commercial operation this summer.
  • 02/21/2002 -- Market watch: Concerns about Russian production drop oil futures prices
    Oil futures prices fell Wednesday as traders worried whether Russia's private oil companies will challenge the Organization of Petroleum Exporting Countries for a bigger share of world markets.
  • 02/21/2002 -- Frontier Oil to expand El Dorado refinery capacity, close chemicals unit
    Frontier Oil Corp. Tuesday announced plans to boost capacity at its El Dorado, Kan., refinery from 110,000 b/d to 118,000 b/d and increase the plant's coker capacity to 2,200 b/d. The expansion will cost $25.9 million -- $16 million for the crude unit and the remainder for the coker expansion.
  • 02/21/2002 -- BJ Services to acquire rival Osca Inc. for $420 million
    Service company BJ Services Co., Houston, plans to acquire rival Osca Inc., Lafayette, La., a provider of oil and gas well completion fluids, completion services, and downhole completion tools, for $420 million.
  • 02/25/2002 -- US gasoline markets likely to tighten in weeks ahead
    Look for US gasoline markets to tighten in the weeks heading into the summer driving season.
  • 02/25/2002 -- Tesoro amends purchase agreement for Valero's Golden Eagle refinery
    Tesoro Petroleum Corp. amended terms for its purchase of the 168,000 b/d Golden Eagle refinery and 70 associated retail stations in California from Valero Energy Corp., paying an additional $50 million at closing in lieu of contingency payments of up to $150 million over 5 years.
  • 02/27/2002 -- Market watch: Energy futures prices rise in bullish market
    Traders bid up energy futures prices on international markets Tuesday in anticipation of another bullish report of diminished US petroleum inventories.
  • 03/06/2002 -- PTT revives plans for fifth gas processing plant
    PTT PLC, formerly known as Petroleum Authority of Thailand, has awarded a $6.68 million contract to Foster Wheeler International Corp. for engineering and consultancy services for a new natural gas processing plant. It will be PTT's fifth gas processing plant and will process 530 MMcfd of gas.
  • 03/06/2002 -- Saudi Aramco lets contract for Berri gas processing facility expansion
    Saudi Arabian Oil Co. let a lump sum turnkey contract to Technip-Coflexip Group for the expansion of its Berri gas processing facility. The plant is being expanded to handle increased output of sour gas from Qatif field, now being developed in eastern Saudi Arabia.
  • 03/06/2002 -- World LPG trade showing signs of recovery, Purvin & Gertz seminar told
    The world's LPG trade is slowly but steadily recovering from being hit by the global economic recession in general and by the US recession in particular as well as by warm weather patterns in its large North American markets. The results have been slumping prices and burgeoning storage volumes. Those topics dominated the opening sessions of the 15th Annual Purvin & Gertz International LPG Seminar in the Houston suburb of The Woodlands Wednesday.
  • 03/12/2002 -- Gas processors face bright future amid old, new realities, GPA told
    Duke Energy Field Services Inc. Pres. Jim Mogg
  • 03/12/2002 -- Conoco GTL plant makes headway with delivery of first production modules
    Conoco Inc. said it has received and installed the first production modules at its demonstration gas-to-liquids plant being constructed at Ponca City, Okla. Last year, the company announced plans to build the $75 million plant to commercialize its proprietary GTL technology.
  • 03/19/2002 -- Valero starts early turnaround of Texas City refinery
    Valero Energy Corp. made an early start of the scheduled April turnaround of its 160,000 b/d Texas City, Tex., refinery after a problem with a utility company's electric power transformer forced an emergency shutdown earlier this month.
  • 03/21/2002 -- Market watch: Oil prices mixed in wake of new inventory reports
    Energy futures prices were mixed in international markets Wednesday as traders digested inventory numbers from the American Petroleum Institute and the US Department of Energy.
  • 03/27/2002 -- Sasol lets contract for first major Mozambique upstream project
    Sasol Petroleum Temane Ltda., a unit of Sasol Ltd., let a $130 million contract to Foster Wheeler South Africa (Pty.) Ltd., a unit of Foster Wheeler Ltd., for the engineering, procurement, and construction management of an upstream gas facility to be built at Temane, Mozambique. It is part of a project that is the first major upstream and petrochemical development in Mozambique.
  • 04/01/2002 -- Premcor to pay $6.25 million in environmental fines
    The US Department of Justice, Environmental Protection Agency, and the state of Illinois announced Apr. 1 a settlement requiring Premcor Refining Group Inc. to pay $6.25 million in environmental fines. Premcor will pay the penalty to resolve federal claims that its 80,000 b/d Blue Island, Ill., refinery violated five federal statutes.

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