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General Interest 2002 P9

  • Fri Jan 25 14:01:00 CST 2002 -- Paragon prepares filings for Western Frontier pipeline project
    A unit of Williams Cos. Inc., Tulsa, chose Paragon Engineering Services Inc., Houston, to coordinate its application with the US Federal Energy Regulatory Commission to build the proposed Western Frontier Pipeline.
  • Mon Jan 14 14:01:00 CST 2002 -- US companies say timetable may slip on Saudi gas deals
    US companies fear that $30 billion in gas deals scheduled to be finalized this March with Saudi Arabia may be delayed because of diplomatic tensions between the White House and the kingdom. ExxonMobil Corp. won most of the contracts last May.
  • Fri Jan 04 08:01:00 CST 2002 -- China's plans for East-West pipeline may face new delays
    China's ambitious plan to build a pipeline linking the nation's eastern and western zones is being affected by a dispute over prices customers are willing to pay for the oil and gas to be transported.
  • Mon Jan 07 15:01:00 CST 2002 -- Mackenzie Delta gas pipeline project advances to definition phase
    The Mackenzie Delta Producers Group and the Mackenzie Valley Aboriginal Pipeline Corp. have begun the project definition phase for the proposed Mackenzie Delta pipeline. The $3 billion (Can.) line would move gas from the delta to connect with gas lines in northwestern Alberta.
  • Wed Jan 16 14:01:00 CST 2002 -- UK offers 300 blocks, approves revival of first offshore oil field
    Argyll, the first oil field to be developed in the UK North Sea, is expected to return to production 11 years after it was closed as uneconomic. The announcement came as the UK government offered 300 blocks in its 20th licensing round.
  • Wed Jan 16 08:01:00 CST 2002 -- Crude begins arriving on market from Girassol field off Angola
    London traders have sold Statoil ASA's first 1-million-bbl crude shipment from the $3.5 billion Girassol field project off Angola. Operator TotalFinaElf will inaugurate the field, which began production Dec. 4, with ceremonies in early February.
  • Tue Jan 15 12:01:00 CST 2002 -- ENI SPA confirms it has Enterprise Oil PLC in its sights
    Italy's ENI SPA, Europe's fourth-largest integrated oil company, has confirmed that its has substantial cash reserves to finance a takeover program that could include the UK independent exploration and production company Enterprise Oil PLC.
  • Wed Jan 30 13:01:00 CST 2002 -- US officials, firms to discuss Arctic gas pipeline next week
    Alaska North Slope producers and pipeline companies will meet with US officials Feb. 4 in Washington to review regulatory obstacles that could delay or postpone a proposed arctic gas pipeline, according to industry and government officials. Alaska Gov. Tony Knowles (D) was invited but will not attend, a spokesman said.
  • Tue Jan 29 10:01:00 CST 2002 -- Unocal, Marathon, ChevronTexaco earnings deflated by lower prices
    Fourth quarter revenues plunged for Unocal Corp., Marathon Oil Corp., and ChevronTexaco Corp., the companies reported Tuesday. The companies blamed the losses on sharply lower prices for oil and gas, compared with the last period of 2000.
  • Thu Jan 24 09:01:00 CST 2002 -- US company puts Indonesian oil assets up for sale
    Oklahoma-based Devon Energy Corp. has set February as the sale date for its oil assets in Southern Sumatra. Indonesian state-owned oil company Pertamina, in partnership with the local provincial government in Jambi, has emerged as the most likely purchaser.
  • Mon Jan 14 11:01:00 CST 2002 -- Court declines to reconsider ruling against large Exxon Valdez judgment
    The Ninth Circuit Court of Appeals has declined to reconsider a decision striking a $5 billion punitive judgment against ExxonMobil Corp. for the 1989 Exxon Valdez oil spill.
  • Thu Jan 03 11:01:00 CST 2002 -- Analyst says falling oil shares in 2001 did not give up all of 2000's gains
    Oil shares weathered a brutal bear market and recession in 2001 without giving up all of 2000's gains, said energy research and consulting company John S. Herold Inc., Norwalk, Conn.
  • Mon Jan 07 10:01:00 CST 2002 -- Kinder Morgan buys additional interest in Cochin gas liquids line
    Kinder Morgan Energy Partners LP (KMP) has agreed to buy another 10% of an Alberta-to-Ontario pipeline, bringing its stake to 45%. KMP will pay NOVA Chemicals Corp. $29 million in cash for the interest in the Cochin gas liquids pipeline.
  • Tue Jan 15 11:01:00 CST 2002 -- Pertamina, Petronas to hold gas export talks next week
    Malaysia's Petronas is in talks with Indonesian state company Pertamina to buy 1 bcfd of gas for 20 years from fields in the South China Sea. The source of the South China Sea contract would be the ExxonMobil Indonesia Inc.-operated Block Alpha-D.
  • Wed Jan 30 15:01:00 CST 2002 -- Kuwait signs preliminary terms agreement for Qatar gas purchase
    Kuwait has signed a preliminary protocol and terms agreement for a proposed purchase of Qatari gas over 25 years, beginning in 2005, said deal participant ExxonMobil Corp.
  • Mon Jan 28 15:01:00 CST 2002 -- Finance/Companies news briefs, Jan. 28
    Powder River Basin Gas ... Big Basin Petroleum Services ... Goodrich Petroleum ... PACE ... Devon Energy ... Mitchell Energy & Development ... GEOCAN Energy ... Paramount Resources ... Woodside Energy ... and more
  • Wed Jan 09 10:01:00 CST 2002 -- Ocean Energy acquires operatorship of Block 10 off Angola
    Ocean Energy Inc. subsidiary Ocean Angola Corp. has acquired a 35% interest in and operatorship of Block 10 off Angola. It claims to be the only US independent chosen as an operator in that country.
  • Tue Jan 08 10:01:00 CST 2002 -- Nova Scotia Petroleum Directorate reports high offshore activity
    The Nova Scotia Petroleum Directorate said exploration off Nova Scotia is at a high level. Three holes are being drilled this month and at least five other wildcats are expected this year.
  • Thu Jan 17 09:01:00 CST 2002 -- Statoil, ExxonMobil swap exploration license interests off Norway
    Statoil ASA and ExxonMobil Corp. have exchanged interests in exploration licenses on the Norwegian continental shelf.
  • Wed Jan 30 10:01:00 CST 2002 -- Amerada Hess finds more oil in Rio Muni basin off Equatorial Guinea
    Amerada Hess Corp. has found oil at its Ebano prospect in the Rio Muni basin off Equatorial Guinea. Ebano is on Blocks F and G in 2,052 ft of water.
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