General Interest 2003 P

09/17/2003 -- Premier Oil completes its restructuring
The UK-based Premier Oil PLC completed its corporate restructuring, effective Sept. 12.
09/17/2003 -- Kerr-McGee cuts costs, reduces work force
Kerr-McGee Corp., Oklahoma City, announced plans to generate $45 million in savings, including the reduction of its US work force by 200-250 employees.
09/17/2003 -- US takes wait-and-see attitude on Libya sanctions removal
The United Nations has lifted sanctions against Libya, but US diplomats made clear that US-based multinational oil companies remain bound by existing unilateral sanctions that ban new investment.
09/16/2003 -- Pakistan oil imports fell in July and August
Pakistan oil imports fell by 7.6% in July and August compared with the same period last year, and officials attributed the drop to industrial users' fuel switching from oil to natural gas and coal.
09/16/2003 -- André Caillé elected 2004 WEC chairman
André Caillé, president and CEO of Hydro Québec of Montréal was elected chairman of the London-based World Energy Council (WEC), a leading global energy organization, on Sept. 14 in Kyiv, Ukraine.
09/16/2003 -- Minister: Iraqi oil output to reach 3.1 million b/d in 2004
Iraq's Oil Minister Ibrahim Bahr Al Oloum said Iraq would produce 3.1 million b/d of oil in 2004 as the oil ministry implements its ambitious development plan, reported OPEC News Agency.
09/16/2003 -- MMS agrees to extend comment period for oil valuation proposal
The US Minerals Management Service Monday said it will extend the comment period on its proposal to amend controversial oil valuation rules.
09/16/2003 -- Statoil ASA board supports CEO amid corruption charges
The Statoil ASA board criticized Statoil CEO Olaj Fjell for a $115 million business development contract with Iranian firm Horton Investment, but the board also said Fjell remains the "person best suited to take Statoil forward."
09/16/2003 -- MARKET WATCH
Gasoline price rises as storm threatens East Coast refineries
Futures prices for oil and natural gas fell Monday as Hurricane Isabel moved away from production in the Gulf of Mexico, but gasoline futures rebounded on fears that the powerful storm will shut down some East Coast refineries.
09/15/2003 -- Camisea natural gas project awarded bank funding
The Camisea natural gas project last week was authorized funds for $135 million from the Inter-American Development Bank (IDB) to be used towards the completion of the $1.6 billion Camisea natural gas megaproject in Peru's Amazon rainforest.
09/15/2003 -- ConocoPhillips's Dunham: Industry leaders can restore public confidence in corporations
Archie W. Dunham ChairmanConocoPhillips "Sarbanes-Oxley requires no more in the way of transparency and disclosure than most ethical companies have been providing for years. The new law should be regarded as the minimum standard for transparency and disclosure that responsible corporations owe their shareholders and the public. We can do better than Sarbanes-Oxley."
09/15/2003 -- Premier sells interest in Yetagun gas-condensate production off Myanmar
The four remaining international stakeholders in the 2.92 tcf Yetagun gas-condensate field off Myanmar and its related transmission system have purchased the ownership interest relinquished by UK-based Premier Oil PLC.
09/15/2003 -- MARKET WATCH
Futures prices for oil, petroleum products continue decline
Energy futures prices continued to fall Friday amid concerns that US refiners will curtail crude purchases in coming weeks as they shut down for maintenance and repairs of units that were running at near full utilization during the summer driving period.
09/15/2003 -- DOE, NARUC launch LNG awareness campaign
The US Department of Energy's Office of Fossil Energy (OFE) and the National Association of Regulatory Utility Commissioners (NARUC) last week launched a new LNG education campaign to dispel what energy regulators say are popular misconceptions about the fuel.
09/15/2003 -- DOE endorses new natural gas storage technology consortium
The US Department of Energy said it is helping to organize a new US natural gas storage technology consortium. The group will include industry, academics, and government officials and be active through 2007.
09/15/2003 -- Koch buys Marathon's stake in Colonial
Koch Capital Investments Co. LLC, Wichita, Kan., has bought the Houston-based Marathon Oil Corp.'s 2.8% interest in the Atlanta-based Colonial Pipeline Co. for undisclosed terms.
09/15/2003 -- Dynegy promotes executives
Dynegy Inc., Houston, announced a series of executive appointments, including the promotion of Lynn Lednicky to senior vice-president, corporate strategic planning and business development.
09/15/2003 -- Shell US Gas & Power sells its stake in Enterprise Products
Shell US Gas & Power LLC, an affiliate of the Royal Dutch/Shell Group, sold its 30% interest in Enterprise Products GP LLC, the general partner of Enterprise Products Partners LP.
09/15/2003 -- Houston Exploration buying shallow-water Gulf of Mexico assets
The Houston Exploration Co. announced plans to buy shallow-water Gulf of Mexico assets from the privately owned Transworld Exploration & Production Inc., Houston, for $155 million.
09/12/2003 -- Statoil executive resigns amid state's corruption charges against the company
Statoil ASA CEO Olav Fjell accepted the resignation of Richar John Hubbard, a director with the company, following charges of corruption against Statoil made Wednesday by Økokrim, the state's authority for investigation and prosecution of economic crime.

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