Refiners

Newfield Exploration Co. has signed a 10-year supply agreement with HollyFrontier Corp. to provide 20,000 b/d of supply capacity at HollyFrontier’s Woods Cross, UT, refinery.

Koch Pipeline Co. LP Monday said it expects to have corporate approval by year-end to expand its South Texas Crude oil system to serve producers in the Eagle Ford Shale in South Texas.

Calgary-based Petro-Canada, which already is one of the largest oil refiners in Canada, plans to move toward the western part of the country and into Alaska as it establishes a broader base for its natural gas growth. CFO Harry Roberts told analysts at the Merrill Lynch Global Energy Conference Wednesday that the company has “excellent” prospects for its upstream business.

Calgary-based Petro-Canada, which already is one of the largest oil refiners in Canada, plans to move toward the western part of the country and into Alaska as it establishes a broader base for its natural gas growth. CFO Harry Roberts told analysts at the Merrill Lynch Global Energy Conference Wednesday that the company has “excellent” prospects for its upstream business.

With summer 2001 only a week away, all eyes are turning toward California to see how the embattled state handles itself through the three-month period when air conditioning usage reaches its peak and MW supply becomes scarce. With the California Energy Commission (CEC) and the California Independent System Operator (Cal-ISO) already on record expecting rotating power outages during peak afternoon demand hours in the state, the key issue is how will the outages impact petroleum product and natural gas supply in the state.

With summer 2001 only a week away, all eyes are turning toward California to see how the embattled state handles itself through the three-month period when air conditioning usage reaches its peak and MW supply becomes scarce. With the California Energy Commission (CEC) and the California Independent System Operator (Cal-ISO) already on record expecting rotating power outages during peak afternoon demand hours in the state, the a key issue is how will the outages impact petroleum product and natural gas supply in the state.