-- 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.
-- 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.
-- 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.
-- 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."
-- 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.
-- ConocoPhillips's Dunham: Industry leaders can restore public confidence in corporations Archie W. Dunham
"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."
-- 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.
-- 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.
-- 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.