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Processing 2002 P

  • 04/19/2002 -- Beyond ANWR
    There's more to US energy policy than drilling in Alaska or expanding fuel ethanol production. But both topics have largely overshadowed the public's interest in other industry issues as the US Congress considers the most sweeping energy reform bill in a decade.
  • 04/17/2002 -- Duke Energy unit awards contract for construction of Hanging Rock power facility
    Duke Energy North America (DENA), a unit of Duke Energy Corp., Charlotte, NC, let a turnkey engineering contract to Duke/Fluor Daniel for the engineering, procurement, and construction of the company's 1,240 Mw natural-gas fired Hanging Rock electric generation facility in Hamilton Township, Lawrence County, Ohio. The contract amount was not disclosed.
  • 04/16/2002 -- Suncor's oil sands hydrogen unit down for repairs
    Suncor Energy Inc. has shut down its Millennium oil sands project hydrogen unit to replace a leaking gasket that led to a small fire Apr. 9. The outage of this hydrogen unit—one of two at the oil sands plant—is expected to take up to 10 days and is expected to reduce average production in April to about 180,000 b/d.
  • 04/11/2002 -- ESAI: Chinese gasoline exports expected to 'explode'
    Gasoline exports from China appear ready to "explode," according to Boston-based research firm Energy Security Analysis Inc.
  • 04/10/2002 -- Market watch: Oil futures prices fall as embargo fears subside
    Energy futures prices fell Tuesday as Israeli troops withdrew from some of the disputed Palestinian territories and Saudi Arabia pledged to make up any shortfall from Iraq's embargo of oil exports.
  • 04/09/2002 -- Koch Holdings Enterprises acquires 40% stake in NGL fractionator
    Koch Holdings Enterprises LLC has bought 40% ownership of a natural gas liquids fractionator from subsidiaries of Valero Energy Corp., San Antonio. Koch Holdings Enterprises, through its subsidiaries, is now an 80% shareholder in the 160,000 b/d Mont Belvieu 1 fractionator. Terms of the deal aren't disclosed.
  • 04/08/2002 -- Shell contracts LNG for planned western Mexico terminal
    Royal Dutch/Shell unit Shell Gas & Power has secured initial supplies for its proposed LNG regasification terminal in Costa Azul, in the municipality of Ensenada, Baja California, on Mexico's West Coast. Shell did not identify the sources of the initial supply of 7.5 million tonnes/year for the project, other than to say they were in the Asia-Pacific region.
  • 04/03/2002 -- SABIC to acquire DSM's petrochemicals business for almost $2 billion
    Saudi Arabia Basic Industries Corp, (SABIC) has reached an agreement in principle with DSM BV to purchase DSM's petrochemicals business for 2.25 billion euros ($1.98 billion). With the acquisition, SABIC, already the largest petrochemicals producer in the Middle East, will move from 22nd to 11th largest in global petrochemicals.
  • 04/03/2002 -- Pakistan promoting CNG industry in Iran
    Pakistan is seeking to help Iran develop its compressed natural gas motor fuel industry. As one of the world's largest CNG motor fuel users, Pakistan is in a position to provide technical expertise and cooperation to develop and promote the CNG industry in Iran, a government official said.
  • 04/03/2002 -- Petrobras sticks with growth plans, says new CEO
    Petrobras Pres. and CEO Francisco GrosAs part of its growth plan, Brazil's state oil company Petrobras is shopping for a company with 100,000 boe/d of production in the US Gulf of Mexico.
  • 04/02/2002 -- Duke Energy completes acquisition of Westcoast Energy
    Duke Energy Corp. has closed on the previously announced acquisition of Vancouver, BC-based Westcoast Energy Inc. The transaction, valued at about $8 billion based on cash, stock consideration, and debt assumed, is expected to be accretive to Duke Energy's earnings.
  • 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.
  • 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.
  • 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.
  • 03/19/2002 -- 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.
  • 03/12/2002 -- 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.
  • 03/12/2002 -- Gas processors face bright future amid old, new realities, GPA told
    Duke Energy Field Services Inc. Pres. Jim Mogg
  • 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.
  • 03/06/2002 -- 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 -- 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.

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