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Processing 2002 P

  • 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 -- 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 -- 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 -- 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.
  • 02/05/2002 -- 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.
  • 02/01/2002 -- 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.
  • 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.
  • 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.
  • 01/30/2002 -- 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.
  • 01/30/2002 -- 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 -- Terrorism is a management problem for the US, says academic expert
    The US can only manage terrorism at best but never eliminate it, a professor of government from California State University in Chico told industry representatives Wednesday at the 10th annual North American Prospects Expo in Houston.
  • 01/30/2002 -- Oil union rejects wage and benefits offer from lead refiner
    The Paper, Allied-Industrial, Chemical, and Energy Workers International Union Wednesday rejected a wage and benefits offer from Shell Oil Co., the lead refiner in this year's bargaining. The current labor agreement, which covers 30,000 workers in the oil and gas sector, expires at 12:01 a.m. Feb. 1.
  • 01/30/2002 -- Chinese Petroleum Corp. to refine Middle East oil for CNPC
    Taiwan's state-run Chinese Petroleum Corp. has agreed to refine 600,000 bbl of crude oil for mainland China's China National Petroleum Corp.
  • 01/29/2002 -- Petrol, Tyumen Oil plan refining-marketing venture in Balkans
    Russian company Tyumen Oil Co. and Slovenian company Petrol have agreed to cooperate in oil processing and marketing in Croatia, Bosnia and Herzegovina, the Federal Republic of Yugoslavia, and Macedonia.
  • 01/29/2002 -- Yukos buys 49% of Slovakian pipeline company, gets option for rest
    A subsidiary of Russian company Yukos Oil Co. has agreed to acquire 49% of Slovakian state pipeline company Transpetrol for $74 million.
  • 01/28/2002 -- PKN Orlen lets contract to ABB for ethylene plant expansion
    Polish company PKN Orlen SA has let a $165 million contract to ABB Group to expand an ethylene plant in Plock, 100 km from Warsaw.
  • 01/28/2002 -- Alberta Energy, PanCanadian announce $27 billion (Can.) merger
    Alberta Energy Co. Ltd. and PanCanadian Energy Corp. plan to merge during April into a $27 billion (Can.) company to be called EnCana Corp. The two companies said EnCana would be the world's largest independent oil and gas company in terms of enterprise value, reserves, and production.
  • 01/25/2002 -- Louisiana regulators want electricity deregulation cost estimate
    Louisiana, which up to now has held off deregulating the electric power industry, appears to be reconsidering that position or is, at least, keeping its options open. The Louisiana Public Service Commission (PSC) recently asked investor-owned electric utilities to estimate how much it would cost to make the transition to a competitive retail market.
  • 01/25/2002 -- Market watch: US oil futures prices rise despite market uncertainties
    Oil futures prices continued to climb Thursday on the New York Mercantile Exchange with traders still trying to determine the real impact of promised production cuts by the Organization of Petroleum Exporting Countries and other nonmember producers.

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