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General Interest 2002 P
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11/05/2002 -- 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. -
11/05/2002 -- 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. -
11/05/2002 -- 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.). -
11/04/2002 -- CAPP appoints new chairman
John Dielwart has been named chairman of the Canadian Association of Petroleum Producers. Dielwart replaces Jim Simpson, who resigned from the position effective Nov. 1. -
11/04/2002 -- 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. -
11/04/2002 -- Talisman buys New York Appalachian interests
Talisman Energy Inc., Calgary, acquired certain assets from several US companies to solidify its position in the Ordovician Trenton-Black River gas play fairway in the northern Appalachian basin, where it has had an exploration joint venture since early 2001. -
11/04/2002 -- 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. -
11/04/2002 -- 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." -
11/04/2002 -- 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. -
11/01/2002 -- 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. -
11/01/2002 -- 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. -
11/01/2002 -- 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. -
11/01/2002 -- 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. -
11/01/2002 -- 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. -
10/30/2002 -- 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. -
10/30/2002 -- 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. -
10/30/2002 -- 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. -
10/30/2002 -- Chesapeake Energy CEO sees opportunities in industry challenges
"It will be better to be a provider of energy than a consumer of energy for the next 20 years," Aubrey K. McClendon, chairman and CEO of Chesapeake Energy Corp., Oklahoma City, told fellow producers. -
10/30/2002 -- 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. -
10/30/2002 -- 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.
