General Interest 2002 P

09/03/2002 -- World Summit highlights wide range of clean energy proposals
A broad coalition of stakeholders pledged support for a variety of clean energy initiatives at a United Nations-sponsored summit on sustainable development held in Johannesburg, South Africa.
09/03/2002 -- Offshore conference focuses on rising oil demand
The world's increasing thirst for oil and gas received more attention at the Offshore Northern Seas Conference in Stavanger last week than the Kyoto Protocol on Climate Change.
09/02/2002 -- WPC: Sustainable development fealty deemed survival test for oil firms
The concept of sustainable development was accorded the status of competitive differentiator for the oil and gas industry of the future at the 17th World Petroleum Congress in Rio de Janeiro today.
09/02/2002 -- Market watch: London oil futures prices inch up with rising Middle East tensions
Futures prices for the October contract of North Sea Brent oil edged up Monday in London, wiping out Friday's slight decline and remaining relatively stable above $27/bbl.
08/30/2002 -- ConocoPhillips completes merger as third largest integrated US oil firm
Conoco Inc. and Phillips Petroleum Co. completed their $15 billion merger into the third largest US-based integrated oil firm Friday just hours after the Federal Trade Commission approved that move.
08/30/2002 -- Study promotes more use of diesel vehicles to save fuel
"Encouraging" use of more diesel-powered passenger vehicles in the California market could reduce fuel consumption in that state by 141 million gal/year in 2010, according to a new report by M.Cubed.
08/30/2002 -- Market watch: Oil futures prices rise as traders adjust holiday positions
In another seesaw movement, futures prices for oil and petroleum products rebounded Thursday, generally wiping out losses from the previous session in London and New York markets.
08/30/2002 -- Forecast: price spike; history: price slump
While there may be argument over the size of the "war premium" in current oil prices stemming from the threat of war between the US and Iraq, there is no dispute that it exists. Lurking behind that war premium may be an oil price slump waiting to happen, however.
08/29/2002 -- Venezuela, Trinidad & Tobago ink joint gas fields unitization accord despite future LNG competition
The governments of Venezuela and Trinidad and Tobago have agreed to work aggressively towards the unitization of certain natural gas fields that straddle both countries' borders. Venezuela continues to cling to the prospect of using some reserves on its side for its own LNG export scheme rather than quickly monetizing all of the field's reserves in Trinidad and Tobago's booming LNG export project.
08/29/2002 -- Analyst: Iraqi war poses less threat to E&P stocks this time
If the US takes military action against Iraq, oil prices probably will quickly tumble as other members of the Organization of Petroleum Exporting Countries again increase production.
08/29/2002 -- Market watch: Fears of increased OPEC production push down energy prices
Energy futures prices fell Wednesday as traders worried that active members of OPEC—who earlier pledged to offset any oil shortage caused by US war with Iran—may increase production quotas next month.
08/28/2002 -- US industry seen playing promising role in greenhouse emission control
US producers may be able to help reduce greenhouse gas (GHG) emissions and boost domestic production by expanding enhanced recovery methods, policymakers said in a recent report.
08/28/2002 -- Market watch: Energy futures prices weaken with OPEC reassurances
Energy futures prices weakened Tuesday as members of OPEC reassured consumers they would increase oil production to offset any shortfall that might result from military conflict in the Middle East.
08/28/2002 -- Iraq's oil exports decline
Iraq's crude exports declined by nearly 2 million bbl to 5.3 million bbl last week, said United Nations officials supervising the oil-for-aid program.
08/27/2002 -- ONGC buys interest in gas exploration project off Louisiana
India's state-owned Oil and Natural Gas Corp. (ONGC) has signed a sale and purchase agreement with the McAlester Fuel Co., McAlester, Okla., for a 10% equity stake in a gas exploration project off Louisiana.
08/27/2002 -- Plains E&P names Thorington to CFO position
Stephen A. Thorington has been named executive vice-president and chief financial officer of Plains Exploration & Production Co. LP, a unit of Houston-based Plains Resources Inc.
08/27/2002 -- Teton Petroleum taps Effimoff for chief operating officer position
Igor Effimoff has been appointed chief operating officer of Steamboat Springs, Colo.-based Teton Petroleum Co.
08/27/2002 -- Unit completes acquisition of 20 drilling rigs
Unit Corp. completed its acquisition of 20 operational drilling rigs from Kaiser-Francis Co. in return for 7.22 million shares of Unit common stock and $4.5 million cash.
08/27/2002 -- Pure Resources evaluates Unocal offer to acquire outstanding shares
Pure Resources Inc. said Monday it wants a special committee of independent directors to evaluate a stock-swap acquisition offer from Union Oil Co. of California.
08/27/2002 -- Industry plans lobbying campaign for energy reform bill
With Congress expected back from a month-long recess in early September, industry groups are gearing up for a final lobbying push on energy reform legislation.

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