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General Interest 2002 P17

  • Tue Nov 05 14:11:00 CST 2002 -- AltaGas to acquire EnCana's natural gas midstream assets
    AltaGas Services entered into an agreement to acquire EnCana Corp.'s interests in two natural gas pipelines in Suffield, Alta., and nine natural gas gathering and processing systems for $115 million.
  • Tue Nov 05 13:11:00 CST 2002 -- US downstream fundamentals beginning upturn
    US downstream fundamentals have gradually strengthened since midsummer, and overall annual product demand is expected to improve by 1.7% next year compared with close to flat this year, a Merrill Lynch analyst said.
  • Tue Nov 05 11:11:00 CST 2002 -- Market watch: Energy futures prices continue to weaken
    Energy futures prices generally declined Monday as markets awaited fresh news on war or weather possibilities that could stir new movement. Meteorologists are predicting below-normal temperatures for the eastern half of the US this week, with temperatures in the Northeast expected to be well below normal.
  • Tue Nov 05 10:11:00 CST 2002 -- Talisman to sell Sudan assets for $1.2 billion (Can.)
    ONGC Videsh Ltd. entered into a definitive agreement Oct. 30 to acquire Talisman Energy Inc.'s indirectly held interest in the Greater Nile Petroleum Operating Co. in Sudan for $1.2 billion (Can.).
  • Mon Nov 04 16:11:00 CST 2002 -- Trinidad and Tobago government second-guessing local LNG expansion
    Atlantic LNG Ltd.'s planned Train 4 expansion could be in trouble after Trinidad and Tobago Prime Minister Patrick Manning threatened to ban the LNG expansion unless participants in that joint venture improve their offer to government.
  • Mon Nov 04 14:11:00 CST 2002 -- Merichem names new CEO, chairman
    Kenneth F. Currie has been appointed CEO and chairman of Merichem Co. Currie succeeds John T. Files, founder and long-time chairman of Houston-based Merichem.
  • Mon Nov 04 11:11:00 CST 2002 -- CPARM's Brashear: UT center's R&D to advance real asset risk management science
    Jerry P. Brashear, Center for Petroleum Asset Risk Management provisional director"Contemporary methods tend to overstate value, understate risk, and misallocate capital through uncompensated, avoidable risk. Many so-called advanced decision analysis techniques, as widely advocated and often applied, only slightly help these problems but often really don't solve them."
  • Mon Nov 04 11:11:00 CST 2002 -- Market watch: Energy futures prices sag as US pushes for action against Iraq
    Energy futures prices generally sagged Friday as traders shifted their focus from cooler weather to continued speculation over whether the US will take military action against Iraq.
  • Fri Nov 01 17:11:00 CST 2002 -- API to release weekly inventory statistics on Wednesday next year
    The American Petroleum Institute has reported that its weekly statistical bulletin will be released at 9 a.m. each Wednesday, beginning Jan.8, 2003.
  • Fri Nov 01 15:11:00 CST 2002 -- ADM to acquire rights to Dow Chemical's industrial ethanol business
    Agriprocessing giant Archer Daniels Midland Co. (ADM) said it will acquire the interest of Union Chemical Co. (UCC) in World Ethanol, a joint venture of ADM and UCC, effective Jan. 1, 2005.
  • Fri Nov 01 15:11:00 CST 2002 -- Market watch: Natural gas futures price falls as storage injections decline
    With only a few days remaining in the pre-winter injection season for US natural gas supplies, gas futures prices fell Thursday following a government report of reduced injections last week.
  • Fri Nov 01 09:11:00 CST 2002 -- Peace in Sudan
    On Oct. 21, President George W. Bush signed into law the Sudan Peace Act. The legislation aims for stability in a very unstable place.
  • Fri Nov 01 09:11:00 CST 2002 -- Statoil acquires access to US LNG market
    Norway's Statoil ASA has gained access into the US LNG market through the purchase of El Paso Merchant Energy LP's capacity rights for LNG from the Snøhvit project for $210 million.
  • Wed Oct 30 17:10:00 CST 2002 -- IPAA: Lack of good prospects undermines drilling activity
    The relatively low US rig count this year is due in part to the lack of good prospects, said speakers at the 73rd annual meeting of the Independent Petroleum Association of America.
  • Wed Oct 30 14:10:00 CST 2002 -- Ziff panel: North American drilling pace must step up just to maintain gas deliverability
    The pace of North American drilling will have to increase just to maintain current natural gas deliverability, panelists from several regions told a Ziff Energy Group conference in Calgary Monday.
  • Wed Oct 30 14:10:00 CST 2002 -- British Columbia putting out welcome mat for energy industry
    The province of British Columbia is cutting taxes, slashing regulations, and putting out the welcome mat for industry as a partner in energy development.
  • Wed Oct 30 12:10:00 CST 2002 -- BP appoints new chief financial officer
    Byron Grote has been appointed chief financial officer of BP PLC, effective Nov. 21. Grote succeeds John Buchanan, who has served as chief financial officer since 1996.
  • Wed Oct 30 12:10:00 CST 2002 -- Market watch: Oil, refined products prices slip
    Futures prices for energy commodities dropped across world markets Tuesday, but analysts believe the market is due for a rebound because meteorologists have predicted colder temperatures this winter.
  • Tue Oct 29 17:10:00 CST 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.
  • Mon Oct 28 16:10:00 CST 2002 -- Meltdown of merchant energy industry impacts producers, IPAA members told
    Emergence of major integrated oil companies as key players in the merchant energy industry should be a matter of concern to the Federal Energy Regulatory Commission, said a former FERC commissioner.

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