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General Interest 2003 P

  • 09/23/2003 -- Statoil CEO Olaj Fjell resigning
    The Statoil ASA board and Statoil Pres. and CEO Olav Fjell Tuesday jointly announced that Fjell will resign in the wake of the corruption allegations involving Statoil's dealings with Horton Investment, an Iranian firm.
  • 09/23/2003 -- Esso SAF considers cutting jobs
    International oil major Esso SAF is contemplating cutting 164 jobs in France as part of an initiative being examined by ExxonMobil Corp. to centralize some European services.
  • 09/22/2003 -- MARKET WATCH
    Oil futures prices dip as hurricane dissipates
    Futures prices for crude and petroleum products continued to decline Friday, as the market premium previously prompted by Hurricane Isabel evaporated with the remnants of that storm over the eastern US seaboard.
  • 09/22/2003 -- Camisea scrutiny
    Environmentalists and lawmakers criticized the White House for staying on the sidelines when multilateral bankers approved public financing for a portion of Peru's $1.6 billion Camisea project.
  • 09/22/2003 -- Forest Oil signs PSA to buy 70 Gulf of Mexico fields from Unocal
    Forest Oil Corp., Denver, has signed a purchase and sale agreement to buy 70 properties in the Gulf of Mexico and onshore Louisiana from Unocal Corp.'s gulf region business unit for $295 million.
  • 09/19/2003 -- Tidal current generates electric current in Norway
    Hammerfest Strøm AS, a consortium led by Hammerfest Power Co. and including Statoil ASA, Sintef Civil & Environmental Engineering in cooperation with the University of Edinburgh, Zurich-based ABB Group, and Rolls Royce PLC, installed a water turbine Wednesday in Kval Sound, Norway.
  • 09/19/2003 -- Sonatrach names new managing chairman
    Mohammed Meziane, Algeria's OPEC governor, has been appointed as the new managing chairman of the Algerian state oil and gas company, Sonatrach, the OPEC News Agency reported.
  • 09/19/2003 -- US Chemical Safety Board faults producer, contractors in fatal oil waste accident
    The US Chemical Safety Board (CSB) Wednesday unanimously approved two investigation reports that found a fatal fire at an oil field waste disposal facility near Houston could have been avoided if the involved companies followed safer procedures.
  • 09/19/2003 -- Host of oil and gas projects aiming to boost Indonesia's national economy
    Indonesian President Megawati Soekarnoputri has outlined plans for $2 billion of oil and gas projects aimed at boosting the national economy.
  • 09/19/2003 -- MARKET WATCH
    Natural gas futures price tumbles as oil rebounds
    Futures prices for natural gas plunged Thursday on the New York Mercantile Exchange after the US Energy Information Agency reported a whopping 102 bfc of gas injected into underground storage during the week ended Sept. 13.
  • 09/19/2003 -- Merit Energy to acquire Shell's Michigan properties
    Merit Energy Co., private Dallas independent, plans to acquire Shell Exploration & Production Co.'s Michigan assets for $445 million. Closing is expected by early December.
  • 09/19/2003 -- Hazy gas price outlook hinges on wild cards
    With storage injection rates at record levels, natural gas market bulls are starting to get nervous. The gas bulls look anxiously to a repeat of last winter's extreme cold to keep prices from entering into a freefall. But the bears suggest that last winter was an extreme anomaly and that $10/MMbtu is unlikely to reappear. However, a full-blown price collapse is equally unlikely.
  • 09/18/2003 -- Harvest Natural Resources selling its interest in Siberian producer Geoilbent
    Harvest Natural Resources Inc., Houston, has agreed to sell its 34% interest in Siberian producer Geoilbent to a nominee of OAO Yukos for $69.5 million and $5.5 million in repayment of loans.
  • 09/18/2003 -- Tenaris concludes exchange offer for Tamsa
    Luxembourg-based seamless steel pipe manufacturer Tenaris SA has concluded an exchange offer enabling it to own 99.9% of Mexico's Tubos de Acero de Mexico SA (Tamsa).
  • 09/18/2003 -- MARKET WATCH
    Inventory increases drive down energy futures prices
    Energy futures prices fell Wednesday following government and industry reports of large increases last week in commercial US inventories of oil and petroleum products.
  • 09/18/2003 -- Unocal divesting its Tom Brown shares
    Unocal Corp. said its subsidiary, Chicago Carbon Co., sold 4.9 million of its Tom Brown Inc. shares, which represented 85% of the 5.8 million shares held by Chicago Carbon.
  • 09/18/2003 -- EIA solicits comments on proposed monthly LNG storage report
    The US Energy Information Administration Tuesday proposed the inception of a new monthly LNG storage report. Comments are due to the agency Nov. 17.
  • 09/17/2003 -- Atlas Pipeline Partners acquiring Alaska Pipeline Co.
    Atlas Pipeline Partners LP, Philadelphia, has agreed to acquire Alaska Pipeline Co. from Semco Energy Inc., Farmington Hills, Mich., for $95 million.
  • 09/17/2003 -- MARKET WATCH
    Energy futures prices weaken with storm
    Energy futures prices weakened Tuesday along with Hurricane Isabel, as traders decided that the storm—downgraded to a still powerful Category 2 from the top-rank Category 5 just a few days ago—poses less of a threat to East Coast refineries.
  • 09/17/2003 -- Lawmakers continue negotiations on sweeping energy reform bill
    US congressional negotiators continued discussions this week on a pending comprehensive energy bill with Republican leaders pledging to wrap up talks within 2 weeks.
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