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General Interest 2002 P
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10/22/2002 -- E.On unit Powergen acquires TXU's European retail business
Powergen PLC said it will acquire TXU Corp.'s European retail business as well as three coal-fired power plants and the company's Citigen City of London CHP scheme for £1.37 billion. -
10/22/2002 -- US integrated oil companies' 3Q earnings to decline 20% YOY
US integrated oil companies' third quarter adjusted net income will decline 20% vs. third quarter 2001 figures, reflecting weaker refining margins and limited exploration and production volume growth. -
10/22/2002 -- Wintershall to acquire Clyde Netherlands from ConocoPhillips
Wintershall Nederland BV, The Hague, has inked a deal to acquire Clyde Netherlands BV from ConocoPhillips. Neither Wintershall nor ConocoPhillips would disclose the value of the deal. -
10/22/2002 -- Statoil acquires Preem stations in Poland
Statoil ASA and Sweden-based Preem Petroleum AB have signed an agreement for the Statoil group to acquire Preem's Polish subsidiary. -
10/22/2002 -- Market watch: Energy futures prices plummet as US softens stand on Iraq
Energy futures prices plummeted Monday after two White House officials indicated on weekend news programs a shift in US policy away from ousting Saddam Hussein as Iraq's leader. -
10/22/2002 -- Thailand awards five more production licenses
Thai authorities have granted five new production licenses to existing concessionaire groups led by Royal Dutch/Shell, Pacific Tiger Energy, Harrods Natural Resources, and PTT Exploration & Prod. -
10/22/2002 -- GOM production, repairs continue in wake of 2 storms
The back-to-back impact of Hurricane Lili and Tropical Storm Isidore in the central Gulf of Mexico a week apart forced the shut in of 14.4 million bbl of oil and 88.9 bcf of natural gas production. -
10/21/2002 -- Black Hills Corp. to acquire Mallon Resources Corp. in early 2003
Black Hills Corp. said it plans to initiate an expanded development and exploratory drilling program next year in the San Juan basin after it closes the acquisition of Mallon Resources Corp., Denver. -
10/21/2002 -- WesternGeco to close seismic land operations in US Lower 48, Canada
London-based seismic joint venture WesternGeco said Monday that it would close down its land operations in the US Lower 48 and in Canada. -
10/21/2002 -- Ivanhoe Energy, CITIC form strategic alliance in China
Vancouver, BC-based Ivanhoe Energy Inc. and Beijing's China International Trust & Investment Corp. (CITIC) have formed a partnership alliance for operating in China and elsewhere around the world. -
10/21/2002 -- Statoil reorganizes Snøhvit project management
Statoil ASA has announced that it will reorganize that project's management, "with the objective of securing better follow-up of costs and progress," it said. -
10/21/2002 -- Mission Resources taps new chief financial officer
Richard W. Piacenti has joined Mission Resources Corp. as its senior vice-president and chief financial officer. -
10/21/2002 -- NW Natural names new CEO
Mark S. Dodson has been appointed CEO of Portland, Ore.-based natural gas distribution company NW Natural Gas Co., effective Jan. 1, 2003. -
10/21/2002 -- Market watch: Energy futures prices slip on US softening its stand on Iraq
Energy futures prices generally slipped slightly Friday as the US softened its stand on a United Nations Security Council resolution aimed at curbing Iraq's accumulation of mass-destructive weapons. -
10/18/2002 -- Ashland units trade R&D leaders in 'brain exchange'
Ashland Inc., Covington, Ky., announced that two of its executives will 'swap' positions for a period of 6 months. -
10/18/2002 -- Petrobras stabilizes P-34, faces safety violations, fraud charges
While Petroleo Brasileiro SA (Petrobras) has stabilized its P-34 floating production, storage, and offloading vessel, the Brazilian state oil company now is facing court action related to fraud charges and safety violations in connection with the P-34 and other production facilities. -
10/18/2002 -- A risky business
The impending possibility that the US may strike Iraq has direct implications for international oil markets. -
10/18/2002 -- Oneok buys Southern Union Gas's Texas gas division after selling Oklahoma midstream assets
Oneok Inc. has signed a definitive agreement to buy the Texas division and related assets of Austin-based Southern Union Gas Co. for $420 million. -
10/18/2002 -- Market watch: Oil product futures higher on delayed DOE report
Both crude oil and oil product futures prices closed higher Thursday following the release by the US Department of Energy of its weekly inventory report. -
10/18/2002 -- Energy bill hopes fading as US Congress leaves for fall campaigns
An ethanol mandate, oil and gas production incentives, pipeline safety, and other important industry issues may have to be revisited as the fate of energy reform legislation remains uncertain.
