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Processing 2002 P

  • 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.
  • 02/19/2002 -- El Paso Energy Partners agrees to acquire midstream assets for $750 million
    El Paso Energy Partners LP, which is 28% owned by El Paso Corp. (EPC), signed a letter of intent to acquire certain Texas midstream assets from EPC for $750 million. Subject to regulatory approvals, the transaction is expected to close in the first quarter. The assets to be acquired include the EPGT Texas intrastate pipeline, gathering systems in the Permian basin, and an interest in the Indian Basin gas plant in southeastern New Mexico.
  • 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 -- Shell, Saudi Refining complete $3.86 billion acquisition of Texaco JVs
    Shell Oil Co. and Saudi Refining Inc. have completed the $3.86 billion acquisition of Texaco Inc.'s interests in Equilon Enterprises LLC and Motiva Enterprises LLC.
  • 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.
  • 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
  • 02/06/2002 -- 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.
  • 02/06/2002 -- ChevronTexaco cuts 2002 capital spending 22% to $9.4 billion
    ChevronTexaco Corp. plans a $9.4 billion capital and exploratory spending program for 2002, including $1.6 billion in non-cash affiliates' expenditures. That is 22% lower than 2001 spending. Adjusting for acquisitions, divestitures, and lease buy-backs, 2002 spending is down 9%.
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