Processing news briefs, July 17
Albian Sands Energy ... Kobe Steel ... Japan Steel Works ... Shell Canada ... Chevron Canada ... Western Oil Sands ... Taiwan Fertilizer Co. ... Duke Energy Field Services
Albian Sands Energy Inc. let contract to Kobe Steel Ltd. and Japan Steel Works Ltd. to supply 20 heavy-wall high-pressure reactors and vessels to the Athabasca Oil Sands Project in northern Alberta (OGJ, Jan. 10, 2000, p. 22). The vessels will be used at an upgrader to be built next to Shell Canada Ltd.'s Scotford refinery, north of Fort Saskatchewan, Alta. Japan Steel Works will supply four 1,000-tonne reactors, and Kobe Steel will furnish 16 reactors weighing 50-800 tonnes each. Final site fabrication should be complete in May 2001. The $3.5 billion Athabasca Oil Sands Project is slated to come on stream in 2002. Albian Sands Energy is a joint venture of Shell Canada Ltd., 60%; Chevron Canada Resources Ltd., 20%; and Western Oil Sands Inc., 20%.
Taiwan�s Securities and Futures Commission (SFC) has granted approval to plans by the newly privatized Taiwan Fertilizer Co. to invest more than $2.85 billion (Twn.), or $93 million (US), in several "diversification" projects. The projects were approved by a vote of the company�s shareholders in November 1999 but have since been on hold pending approval by the SFC, which demanded an investigation into dealings between Taiwan Fertilizer and several of the company�s newly formed subsidiaries. Among the projects to be undertaken are the building of retail gasoline stations on several company-owned sites, the formation of a joint venture with a Japanese partner to set up a plant to produce electronic-grade chemicals for TFT-LCD glass, and the development of real estate.
Duke Energy Field Services LLC (DEFS), Denver, said it will more than double processing capacity at its Roggen natural gas processing plant northeast of Denver to 55 MMcfd from 25 MMcfd. The upgrade will increase producers' natural gas production capabilities and ease the area's processing constraints, the company reported. The expansion will provide the capacity needed to handle rapidly rising natural gas supplies resulting from increased drilling activity and technology improvements to extract existing proven natural gas reserves in the Denver-Julesburg basin of Colorado. DEFS expects that daily gas volumes delivered to the Roggen plant will reach nearly 55 MMcfd within the next year. NGL production from the plant is expected to increase to more than 4,300 b/d from 2,100 b/d. DEFS said incremental NGL produced at the Roggen plant will be delivered into Phillips Pipe Line Co.'s NGL line that runs from the Powder River basin of Wyoming to the Texas Panhandle.