Mon Oct 28 15:10:00 CST 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.
Mon Oct 28 10:10:00 CST 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.
Fri Oct 25 14:10:00 CDT 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.
Wed Oct 23 12:10:00 CDT 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.
Wed Oct 23 09:10:00 CDT 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.
Tue Oct 22 11:10:00 CDT 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.
Tue Oct 22 10:10:00 CDT 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.