10/29/2002
-- Aspen Group appoints new interim CEO Robert Calentine has been named interim CEO of Oklahoma City-based Aspen Group Resources Corp. Calentine has served on Aspen's board since May.
10/29/2002
-- Natural gas interests warn FERC not to exacerbate fragile energy markets Natural gas trade groups urged FERC to be mindful that energy markets and the financial community need "appropriate" price signals to ensure that gas infrastructure will be built to meet future demand.
10/29/2002
-- Post-Enron scandal to cause shift in pipeline customers, Fitch says US natural gas pipeline companies are apt to find utilities having high credit ratings and major integrated oil companies re-emerge as their primary customers, analysts with Fitch Inc. forecast.
10/29/2002
-- FERC is committed to make deregulated markets work, says Brownell "We are committed to making markets work," said Nora Mead Brownell, a member of the Federal Energy Regulatory Commission at the 73rd annual meeting of the Independent Petroleum Association of America Monday in Dallas.
10/28/2002
-- Grant Prideco to acquire Reed Hycalog from Schlumberger Grant Prideco signed a definitive agreement to acquire Reed-Hycalog for $255 million in cash, about 9.7 million shares of Grant Prideco common stock, and the assumption of about $5 million in debt.
10/28/2002
-- Market watch: Crude oil futures rose modestly Crude oil futures settled modestly higher Monday after the so-called "war premium" eroded last week, prompting a major sell off.
10/28/2002
-- Market watch: 'War premium' on oil prices eroding Oil futures prices plunged on world markets Friday, and traders said the so-called "war premium" eroded before the weekend as the chances of a US military conflict with Iraq appeared to be declining.
10/25/2002
-- Canada and Kyoto Canadian industry and provincial leaders want their federal government to reconsider the idea of slashing greenhouse gas emissions under the Kyoto Protocol on Climate Change.
10/25/2002
-- Market watch: Gasoline futures price jumps as inventory falls Oil futures prices inched up on the New York market, buoyed by a price jump for gasoline futures while traders awaited additional signs of improved relations between the United Nations and Iraq.
10/24/2002
-- Patina to acquire Le Norman Energy in $68 million deal Denver independent Patina Oil & Gas Corp. said Wednesday it will acquire private Oklahoma City-based oil company Le Norman Energy Corp. in a $68 million deal.
10/24/2002
-- Dynegy taps Duke's Williamson for president, CEO spots Dynegy Inc. Wednesday said it has named former Duke Energy Corp. executive Bruce A. Williamson as its next president and CEO. Williamson's appointment is effective immediately.
10/23/2002
-- US continues North Korean fuel oil shipments It's too soon to say whether new revelations by North Korea of a nuclear weapons program will spur US moves to suspend a fuel oil supply agreement, said US officials.
10/23/2002
-- Peru ratifies 30% cut in royalties President Alejandro Toledo this month authorized state oil agency Perupetro to allow a 30% cut in royalties for oil and gas production from companies that make a discovery within the next 4 years.