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General Interest 2000 P

  • 10/05/2000 -- Shell considering GTL plants in Egypt, Trinidad
    Shell International Gas Ltd. will consider Egypt and Trinidad as possible future sites for high-capacity gas-to-liquids (GTL) plants as part of a major investment program in that emerging energy market. It builds on the company's earlier plans to undertake similar studies in Indonesia and Iran, and could result in an investment of $6 billion for several GTL plants over the next 10 years.
  • 10/12/2000 -- Executive Q&A: Management Roundtable
    Bob Tippee, Editor, Oil & Gas Journal, served as moderator Sept. 18 at a management roundtable on risk-based decision analysis in the exploration & production (E&P) business. He brought together experts on the topic. OGJ Online Oil & Gas Writer Karen Broyles sat in on the discussion.
  • 10/24/2000 -- Processing news briefs, Oct. 24
    Formosa Petrochemical � US Supreme Court � Unocal
  • 10/12/2000 -- Woodside shuts down LNG processing train unexpectedly
    Australia's Woodside Energy said it's shut down Train 1 at its liquefied natural gas facility in Western Australia due to high vibration levels and a loss of seal oil in the propane compressor, said the company Oct. 11. The unscheduled shut down of LNG Train 1 Monday coincides with a planned 22-day maintenance shut down of LNG Train 2.
  • 10/09/2000 -- Processing news briefs, Oct. 9
    DuPont � Borealis � Specialty Polymers Antwerp � China American Petrochemical � North West Shelf Venture � Woodside Energy � BHP Petroleum � BP � Chevron Australia � Japan Australia � Shell Development (Australia) � Skandinaviska Raffinadetti � Technip � Rentech
  • 10/31/2000 -- Analysts: Energy commodity, stock price disconnection to spur mergers and acquisitions
    The surge in oil and natural gas prices hasn't given the stocks of all energy companies a boost, according to PricewaterhouseCoopers LLP's recent mergers & acquisitions (M&A) forecast for 2001. The lack of translation between high commodity prices and stock prices for energy companies will most likely continue to fuel M&A activity within the energy industry for the coming year.
  • 10/24/2000 -- Kinder Morgan Energy Partners buy Cochin Pipeline interest
    Nova Chemicals Corp. used its first-refusal right to acquire Dow Chemical Canada Inc.'s 32.5% interest in Cochin Pipeline Co., which it then agreed to sell to Kinder Morgan Energy Partners LP, company officials said this week. None of the details of either acquisition was disclosed.
  • 10/23/2000 -- Shell, Marathon sign Sakhalin swap agreement
    Royal Dutch/Shell Group subsidiary Shell Sakhalin Holdings has agreed to acquire Marathon Sakhalin Ltd. a 37.5% interest in Sakhalin Energy Investment Co. in exchange for Shell's 28% interest in the Foinaven field off the Shetland Islands in the UK.
  • 10/20/2000 -- Finance/Companies news briefs, Oct. 20
    ABB Vetco Gray � Yellowstone Energy Products � St. Mary Land & Exploration � Colt Resources � JN Exploration & Production � Paper, Allied-Industrial, Chemical, and Energy Workers International Union � Crown Central Petroleum � Chevron � Texaco � Shell Australia � ExxonMobil � Sinopec
  • 10/19/2000 -- Imperial Oil attributes profits to strong oil, gas prices, higher refinery margins
    Imperial Oil Ltd., Canadian unit of ExxonMobil Corp., reports a doubling of third quarter profits over 1999 to $374 million (Can.) from $191 million. The Toronto-based integrated company, which could attain profits of more than of $1 billion for the year, attributed the gains to higher oil and gas prices and improved refinery margins.
  • 10/17/2000 -- Chevron, Sasol agree to create gas-to-liquids joint venture
    Chevron Corp. and Sasol have agreed to create a 50/50 joint venture, Sasol Chevron holdings, to develop gas-to-liquids technology, Chevron said Monday. Chevron and Sasol plan to invest more than $5 billion over the next five to 10 years in GTL ventures worldwide through the venture. The companies initially announced their intention to expand their GTL activities to a worldwide scale in June 1999.
  • 10/16/2000 -- Natuna gas delivery to Singapore expected ahead of schedule
    First supplies of Indonesian natural gas to Singapore will arrive in 2 months�some 6 months ahead of schedule. A source said the 640-km subsea pipeline connecting Singapore with the West Natuna is ready and the first delivery is expected in December.
  • 10/11/2000 -- Canadian 88 considers selling properties
    Canadian 88 Energy Corp., Calgary, says it will consider selling some or all of its properties because its share price does not reflect the value of its assets. The announcement of the possible sale of the mid-sized natural gas producer comes 7 months after Duke Energy Corp. bought a 20% interest in the company in March.
  • 10/10/2000 -- Australian official: Anomalies revealed in marketing company reports
    A series of independent audits has revealed anomalies in returns submitted by units of Caltex, ExxonMobil Corp., BP, and Royal Dutch/Shell Group under Australia's Petroleum Marketing Retail Sites Act of 1980, said Australia's Minister for Industry, Science and Resources, Sen. Nick Minchin.
  • 10/10/2000 -- Apache joins with Shell to buy Fletcher Challenge Energy
    Apache Corp. is joining with the Royal Dutch/Shell Group to acquire Fletcher Challenge Energy Ltd. of New Zealand. Under that deal, Apache will pay $600 million for Fletcher Challenge Energy's holdings in Argentina and in Canada, with proved reserves of 713 bcf equivalent of natural gas, or about 12% of Apache's current existing proven reserve base.
  • 10/09/2000 -- Finance/Companies news briefs, Oct. 9
    Credo Petroleum � Texaco � EDG � Air Products & Chemicals � Celanese � Paradigm Geophysical � TotalFinaElf � Oceaneering International � Global Industries � Delta Petroleum � Saga Petroleum � Petroplus International � Precision Drilling � Geoservices � Basic Earth Science Systems � TransCanada PipeLines � Metrogas � GASCO � Trigas � Compania de Petroleos de Chile � and more
  • 10/31/2000 -- Norsk Hydro awards final major Grane contract
    Norsk Hydro AS awarded Aker Verdal a 670 million kroner ($70.4 million) contract to construct the steel jacket for the Grane platform, said Norsk Hydro Tuesday. This is the last major contract for the 15 billion kroner Grane project, in the North Sea 185 km west of Stavanger. Partners in Grane will develop the field via an integrated accommodation, process, and drilling platform mounted on the steel jacket.
  • 10/24/2000 -- Echo-Yodel installation contract awarded
    Partners in the Echo-Yodel gas-condensate development project on Australia's North West Shelf awarded Coflexip Stena Offshore Asia Pacific Pty. Ltd. the subsea installation contract, Coflexip Stena Offshore's Asia-Pacific subsidiary said.
  • 10/20/2000 -- Exploration/Development briefs, Oct. 20
    Abraxas Petroleum � Bligh Oil & Minerals � Fletcher Challenge Energy � Bow Valley Energy � Miller Exploration � Key Production � Remington Oil & Gas � Ramco Energy � Sonatrach � Magnum Hunter Resources � Vintage Petroleum � Stone Energy
  • 10/17/2000 -- Phillips Alaska official: North Slope gas sales by 2007
    Sales of natural gas from Alaska�s North Slope to the Lower 48 are achievable as early as 2007, says the president and CEO of Phillips Alaska Ltd. Kevin Meyers told a Ziff Energy conference on gas supply and demand in Calgary today that a pipeline from the North Slope is the primary option being studied to move gas to southern markets.

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