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General Interest 2000 P14

    So much for the new economy.
  • 04/29/2000 -- Halliburton to sell Dresser Equipment Group
    HOUSTON�Halliburton Co., Dallas, has revealed that it plans to sell the Dresser Equipment Group business segment and repurchase up to 44 million shares, or about 10% of outstanding common stock. The group supplies equipment to the energy and chemical industries. No buyer was named.
  • 04/29/2000 -- Louis Dreyfus Gas to acquire Costilla properties
    Louis Dreyfus Natural Gas Corp. has agreed to acquire the oil and gas assets of Costilla Energy Inc. for $100 million. The properties are in South Texas, the West Texas Permian basin, and Southeast New Mexico.
  • 04/29/2000 -- Entergy, Koch form integrated energy company
    Entergy Corp. and Koch Industries Inc. have announced plans to form a joint venture to deliver, market, and trade power, natural gas, and other energy-related commodities such as weather derivatives.
  • 04/29/2000 -- New Jersey launches online permitting and payment service
    The New Jersey Department of Environmental Protection said it launched the US's first online air quality permitting and payment process. It hopes to use the fully automated internet site, developed with Virginia-based American Management Systems Inc., to help large and small companies apply for permits, from large petrochemical manufacturers down to gas stations.
  • 04/30/2000 -- 'E-field' concept spawns industry discussions, joint ventures
    Technology is the middle name and main aim of the annual 4-day Offshore Technology Conference that opens May 1 in Houston. This year's OTC will be memorable for the first industry-wide discussion of the electronic oil and gas field�or e-field�of the future, said Wolfgang Schollnberger, technology vice-president of BP Amoco PLC and OTC chairman.
  • 04/30/2000 -- EXECUTIVE Q&A: Conoco executive discusses the downstream sector
    OGJ Online Managing Editor Anne Rhodes interviewed Jim Nokes, executive vice-president of refining, marketing, supply, and transportation for Conoco Inc., on Apr. 26 in Houston. Here's what Nokes had to say about the difficulties US refiners are facing and the strategy Conoco is using to succeed in that sector.
  • 04/30/2000 -- Energy firms meet to discuss e-business needs
    Oil and gas companies slow to realize the speed at which e-commerce applications are changing business-to-business transactions are in store for a grueling uphill climb�if they survive at all.
  • 04/30/2000 -- Ranger board rejects Petrobank offer
    CALGARY�The battle by Ranger Oil Ltd. against a $1.6 billion (Can.) unsolicited takeover bid by Petrobank Energy & Resources Ltd. is now being fought in a US court and with Canadian securities regulators.
  • 04/30/2000 -- Analysts see 'major shift' in investor evaluations of oil firms
    For the first time in history, the stock performance of exploration and production companies hasn�t improved with a rise in oil prices, perhaps signaling a major change in investors� evaluations of those firms, said officials of Simmons & Co. International, a boutique industry investment firm in Houston.
  • 04/30/2000 -- EPA eyes slotted guide pole emissions
    WASHINGTON, DC�The US Environmental Protection Agency has launched a program, the Storage Tank Emission Reduction Partnership, to reduce volatile organic compound (VOC) emissions from above-ground petroleum and organic liquid storage tanks.
  • 04/30/2000 -- Hybrid fuel cell due testing
    The US Department of Energy said a new type of fuel cell power plant has been constructed and will be tested soon.
  • 05/01/2000 -- BLM sets unitization rule for Alaska petroleum reserve
    The US Bureau of Land Management has proposed a rule that would allow oil companies to unitize their leases in the National Petroleum Reserve�Alaska.
  • 05/01/2000 -- Offshore projects should combine Gulf of Mexico, North Sea approaches
    Designers of offshore facilities hope to combine the lower-cost, fit-for-purpose practices of the Gulf of Mexico with the big-project management know-how of the North Sea to do marine projects better and cheaper worldwide, industry officials said Monday at the start of the annual 4-day Offshore Technology Conference in Houston.
  • 05/02/2000 -- Upstream consolidation likely to continue
    Upstream consolidation is likely to continue through the first part of the next decade, because the drivers for M&A activity remain mostly the same as in the 1990s, says Simmons & Co.'s Scott Gill.
  • 05/02/2000 -- Thai state petroleum, electric firms fight over gas payments
    A feud has escalated between Petroleum Authority of Thailand (PTT) and Electric Generating Authority of Thailand over costs incurred as a result of PTT's failure to meet contractual commitments for purchasing natural gas from Myanmar's Yadana field. The latest round of fighting is a result of EGAT's rejection of PTT's proposal that it share the cost burden.
  • 05/03/2000 -- BP Amoco invests in 'green' energy marketer
    BP Amoco PLC announced that it is buying an 18.5% share in GreenMountain.com, a marketer of cleaner and renewable energy products, for an undisclosed amount.
  • 05/04/2000 -- OTC panel discusses improving industry's image
    Oil and gas industry executives at the Offshore Technology Conference anguish over the bad image of their business, which seems to repel prospective employees, investors, regulators, and the general public. The public image of the oil and gas industry in general 'is just awful. I don't think it could get much worse,' said Paul M. Mecray III�senior vice-president and partner in Wellington Management Co., an industry analyst�at a general OTC panel discussion late Tuesday.
  • 05/04/2000 -- ScottishPower reveals restructuring plan for PacifiCorp
    Glasgow-based utility ScottishPower has announced a 'transition plan' for its US unit PacifiCorp, with which it merged in a $7.8 billion deal last November. The plan contains proposals for significant organizational and operational changes and commits ScottishPower to an investment of more than $150 million in training and new technology by 2004.
  • 05/04/2000 -- Qualified people essential to meeting future energy demand
    Hiring and keeping good employees is one of the frontiers oil companies must conquer in order to meet global energy demand in the new century, says Stephen M. Cassiani, executive vice-president of Exxon Exploration Co.
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