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General Interest 2000 P

  • 04/29/2000 -- Shell, Petronas sign PSA for Sarawak block
    SINGAPORE�Malaysian state oil firm Petronas signed a production-sharing contract with Sarawak Shell Bhd. (SSB) and Petronas Carigali for Block SK312 off Sarawak. SSB and Petronas Carigali, a unit of Petronas, will have 70-30 equity participation in the block, which will be operated by SSB.
  • 04/29/2000 -- Azerbaijan ratifies Zafar-Mashal PSA
    Azerbaijan's Parliament has ratified the exploration, development, and production-sharing agreement for the Zafar-Mashal exploration block in the Azeri sector of the Caspian Sea, says ExxonMobil Corp.
    SAN MATEO, California -- February 2, 2000 -- pennNET (www.pennNET.com), the leader in creating secure, reliable e-marketplaces for business professionals in critical global markets, today announced that it has acquired majority interest in EBCO for the purpose of creating an online auction for oil and gas producing properties.
  • 01/21/2000 -- OPEC playing high-stakes poker as oil prices flirt with $30/bbl
    OPEC has been playing what looks like a high-stakes poker game lately. So the prospect of both the organization and the markets upping the ante this week has pushed Nymex crude to almost $30/bbl.
  • 01/07/2000 -- Decontrol in Eastern Europe
    Former Communist nations in Eastern Europe continue to make progress toward privatized energy industries and free markets.
    The biggest issue facing the oil industry is the combination of effects that the use of its products has on human health.
  • 12/29/2000 -- Gale Norton is named to head Interior Department
    In a move that likely will spark opposition from environmentalists and some members of Congress, President-elect George W. Bush named former Colorado Atty. Gen. Gale Norton to be secretary of the US Department of Interior.
  • 12/29/2000 -- UtiliCorp and Empire District Electric merger approved by Missouri regulators
    The approval process for UtiliCorp United Inc.�s merger with Empire District Electric Co. inched along another notch when Missouri Public Service Commission approved the union late Thursday. UtiliCorp announced the merger in May 1999. One or both of the companies operate in 9 states requiring separate state approval processes. All but two states have approved the merger so far as well as the Federal Energy Regulatory Commission.
  • 12/29/2000 -- Market watch, Dec. 29
    Prices for oil futures fell in international trade Thursday, pulling down most energy commodities. The February contract for benchmark US light, sweet crudes dropped 62� to $25.85/bbl on the New York Mercantile Exchange.
  • 12/29/2000 -- Moody's says prospects better for oil services industry
    Improving fundamentals have created a generally stable to positive rating outlook for the oil services industry, according the Moody's Investors Service annual outlook for the sector. Moody's also said it thinks consolidation among these companies will continue.
  • 12/29/2000 -- EC gas decontrol
    The European Commission-the policy-making body of the 15-member European Union- remains unrelenting in its drive for natural gas deregulation.
  • 12/28/2000 -- DOE extends emergency order to sell power to California
    This week California has been getting by with fewer power shortage emergencies thanks to more megawatts in service, better weather in the Northwest, and Energy Secretary Bill Richardson�s emergency order. Late Wednesday, Sec. Richardson extended his emergency order for California until January 5. The order was issued under the auspices of the Federal Power Act that requires generators and marketers to make power available to the Independent System Operator to keep the lights on in California.
  • 12/28/2000 -- Venezuela gets new oil minister
    Veteran oil expert and attorney Alvaro Silva Calderon took office Thursday as Venezuela�s new minister of energy and mines, replacing Ali Rodriguez who becomes secretary general of the Organization of Petroleum Exporting Countries on New Year�s day. Venezuelan President Hugo Chavez said his choice of Silva Calderon demonstrates continuation of his oil strategy aimed at strengthening OPEC and defending oil prices.
  • 12/28/2000 -- Hunt Oil makes bid for Berkley Petroleum
    Hunt Oil Canadian Acquisition 11 Corp., a unit of Hunt Oil Co. in Dallas, launched a $1.4 billion (Cdn) takeover bid for Berkley Petroleum Corp. of Calgary. Its cash offer of $10/share (Cdn) is a 27% premium over Berkley�s 30-day average weighted price of $7.88/share.
  • 12/28/2000 -- Market watch, Dec. 28
    Natural gas prices continued to climb, but other international energy futures were mixed Wednesday. The January natural gas contract gained 17.3� to $9.978/Mcf on the New York Mercantile Exchange.
  • 12/27/2000 -- Woodside explains rejection of Shell�s offer
    Woodside Petroleum Ltd.�s independent directors Wednesday reiterated their rejection of the sweetened $2.5 billion offer by the Royal Dutch/Shell Group for 56% controlling interest of that Australian firm.
  • 12/27/2000 -- NRG to buy two coal fired power plants in New England
    NRG Energy Inc. will acquire two coal-fired power plants in New England for $325 million from Wisconsin Energy Corp. NRG is increasing its stake in merchant electric generation in New England. The merchant power company, with 15,000 Mw of generation, already owns 2,234 Mw in Connecticut. The current purchase will add base-load generation to its generation portfolio in that state.
  • 12/27/2000 -- Justice Dept. sues Duke Energy over Clean Air Act violations
    The US Department of Justice filed suit against Duke Energy Corp. on behalf of the Environmental Protection Agency charging that eight of the electric utility�s power plants illegally released massive amounts of air pollution. The DOJ alleges that Duke Energy violated the Clean Air Act by making major modifications to all of its coal-fired power plants in the Carolinas without installing the equipment required to control smog, acid rain, and soot
  • 12/27/2000 -- Justice, Koch strike deal on refinery emissions
    The US and Koch Petroleum Group have reached a settlement which will require the company to spend $80 million for pollution-control equipment at two refineries in Corpus Christi, Tex. and one near St. Paul, Minn.
  • 12/27/2000 -- Pipeline planned to produce Guaduas field in Colombia
    Seven Seas Petroleum Inc., Houston, said Wednesday it has signed a contract with Cosacol Ltda. to build the 36-mile La Dorada-Guaduas pipeline in Colombia. The line will connect Guaduas oil field in Colombia's Magdalena basin to international oil markets via existing pipeline infrastructure.

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