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Processing 2002 P

  • 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.
  • 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.
  • 02/25/2002 -- 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.
  • 02/21/2002 -- 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.
  • 02/21/2002 -- 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 -- 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.
  • 02/20/2002 -- 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.
  • 02/20/2002 -- 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.
  • 02/18/2002 -- 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.
  • 02/14/2002 -- 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.
  • 02/14/2002 -- 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.
  • 02/13/2002 -- Transportation news briefs, Feb. 13
    Stolt Offshore ... Shell Exploration & Production ... Largo Vista ... Equilon Enterprises ... Oiltanking ... Northern Border Pipeline ... KPMG ... Arthur Andersen
  • 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 -- 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 -- 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.
  • 02/12/2002 -- 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.
  • 02/12/2002 -- Finance/Companies news briefs, Feb. 12
    Premcor ... Grey Wolf ... US Department of Energy ... Equiva ... Lukoil ... Black Warrior Wireline ... Big Gun Perforating
  • 02/12/2002 -- 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.
  • 02/11/2002 -- 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.
  • 02/07/2002 -- 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.

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