09/16/2002
-- ONGC boosts stake in Cairn's oil and gas fields off India India's state-owned Oil & Natural Gas Corporation (ONGC) has increased its equity stake in Cairn Energy PLC's Cambay offshore oil and natural gas discovery block to 40% from 10%.
09/16/2002
-- IEA: 'Sustainable development' unachievable amid energy poverty A future that encompasses a global "sustainable development" cannot come to pass without a massive effort to make low-cost, conventional energy available to the world's poorest people.
09/16/2002
-- French gas market opening bid headed for Parliament The French government has opted for a broad debate in Parliament to transpose into French law the European Union directive opening up the country's natural gas market.
09/16/2002
-- Williams sells Central pipeline system for $555 million Williams Cos. Inc. has inked a definitive agreement to sell its 6,000 mile Central natural gas pipeline to Southern Star Central Corp. for $380 million in cash and the assumption of $175 million in debt.
09/16/2002
-- US Senate calls on Interior to retire California offshore leases Following related House action earlier this summer, the US Senate unanimously approved a measure that seeks to prohibit new drilling activity on 36 undeveloped federal oil and gas leases.
09/13/2002
-- Market watch: Bush's UN speech deflates oil futures prices President George W. Bush deflated some of the "war premium" built into oil futures prices Thursday as he apparently stepped back from unilateral preemptive US military action against Iraq.
09/12/2002
-- SEC gives nod to H&P proposed spin-off, Key Production merger Helmerich & Payne Inc. reported that the US Securities and Exchange Commission has declared effective the registration statement of H&P's wholly owned subsidiary, Cimarex Energy Co.
09/12/2002
-- PGS stockholders to meet Sept. 27 to vote on new board Stockholders of Petroleum Geo-Services ASA (PGS), based in Oslo and Houston, have been summoned to convene for an extraordinary general meeting Sept. 27 in Norway.
09/12/2002
-- Market watch: Energy traders cautious about US-Iraqi tensions Energy futures prices were mixed Wednesday in an abbreviated session on the New York Mercantile Exchange that many traders skipped to attend memorial services for victims of Sept. 11, 2001.
09/10/2002
-- Questar unit names new president and CEO Charles B. Stanley has been named president and CEO of Questar Market Resources (QMR), a unit of Salt Lake City-based Questar Corp. and executive vice-president of Questar.