General Interest 2003 P

09/12/2003 -- Valero's Bill Klesse to become NPRA chairman, March 2004
The Washington, DC-based National Petrochemical & Refiners Association announced that its chairman-elect is Bill Klesse, executive vice-president and chief operating officer of the San Antonio-based Valero Energy Corp.
09/12/2003 -- MARKET WATCH
Gasoline price plunge pulls down energy futures markets
Energy futures prices fell Thursday, with gasoline again leading the downward slide in reaction to a decline in the spot cash market, which was weakened by reports of new gasoline imports en route to the fading US market.
09/12/2003 -- GE Power Systems acquiring M.J. Harden Associates
GE Power Systems, Atlanta, agreed to acquire M.J. Harden Associates Inc. (MJH) of Kansas City, a geospatial data management and integration services. The terms of the transaction were not disclosed.
09/12/2003 -- Superior Energy acquires Premier Oilfield Services
Superior Energy Services Inc., Harvey, La., has acquired Premier Oilfield Services Ltd., an oilfield equipment rental company based in Aberdeen. Terms of the deal were not disclosed.
09/12/2003 -- Marathon cutting jobs, costs in reorganization
Marathon Oil Corp., Houston, said it would cut 265 jobs in a realignment plan expected to yield pre-tax savings of more than $65 million annually.
09/11/2003 -- OMV sells block interests following unrest in Sudan
Austria's state-run OMV AG oil and gas group has signed an agreement to sell its interest in two exploration blocks in Sudan to ONGC Videsh Ltd. (OVL) for $115 million. OVL is the international arm of India's state-owned Oil & Natural Gas Corp. (ONGC).
09/11/2003 -- Total sees oil field future based on technology
French company Total AS holds a positive view of the future of oil resources because it knows that nonconventional oil can be extracted at economically sustainable prices and technological breakthroughs will enable oil companies to increase reserves in existing fields and discover and develop reserves that today are inaccessible.
09/11/2003 -- MARKET WATCH
Storm fears push up natural gas futures prices
Oil futures prices continued to increase Wednesday, while natural gas surged on the 5-10% possibility that Hurricane Isabel—a Category 4 storm in the southeastern Caribbean—might move into the Gulf of Mexico.
09/11/2003 -- Ridgeway Petroleum retains investment banker to explore alternatives
Ridgeway Petroleum Corp., Calgary independent that controls a carbon dioxide and helium deposit in Arizona and New Mexico, said it retained an investment banking firm to help it identify options toward enhancing shareholder value.
09/11/2003 -- Richard L. Edmonson becoming Syntroleum vice-president, general counsel, and corporate secretary
Syntroleum Corp., Tulsa, has hired Richard L. Edmonson as vice-president, general counsel, and corporate secretary.
09/11/2003 -- Pioneer rearranges international responsibilities
Pioneer Natural Resources Co., Dallas, said Chris Cheatwood, executive vice-president of worldwide exploration, will assume oversight of Canadian operations as the company rearranges its international duties.
09/11/2003 -- House Democratic lawmakers ask MMS to extend comment period for oil valuation proposal
Two Democratic lawmakers Tuesday asked Sec. of the Interior Gale Norton to extend the comment period on a proposal to amend controversial oil valuation rules.
09/10/2003 -- Sayer: Canadian oil industry M&A activity down in first half 2003
In the first 6 months of 2003, the enterprise value of Canadian oil industry mergers and acquisitions fell to $5 billion (Can.) compared with $21 billion for the same period last year, said Sayer Securities Ltd., Calgary, an investment firm specializing in M&A activity.
09/10/2003 -- MARKET WATCH
Gasoline price jump leads energy futures rebound
Energy futures prices increased Tuesday, led by a surge in gasoline futures on the New York Mercantile Exchange as traders bet that government and industry reports on US inventories, due out Wednesday, would be bullish.
09/10/2003 -- MEGL: Worldwide gas, LNG projects set stage to surpass oil in energy-equivalent consumption
With global demand growing faster for natural gas than for oil, trade in LNG might quintuple in size during the next 3 decades, said speakers Wednesday at the Middle East Gas and LNG Forum in Dubai.
09/09/2003 -- MEPG: Iraq makes progress in restoring oil production, exports amid security challenges
While security remains a serious challenge, Iraq is making progress in restoring production and export of crude oil and petroleum products, current and former officials of the Iraqi Oil Ministry said in Dubai Tuesday.
09/09/2003 -- MARKET WATCH
Energy futures markets seek direction
Energy prices were mixed Monday as futures markets awaited new developments that would move prices up or down.
09/09/2003 -- SMCL: Fewer young people entering UK upstream oil and gas industry
A rosy future is predicted for UK exploration and production professionals, but challenges lie ahead for employers when skills shortages emerge, said SMCL, a specialty consulting firm based in the UK.
09/08/2003 -- Logan Magruder joining Berry
Logan Magruder joined Berry Petroleum Co., Bakersfield, Calif., as vice-president of its Denver-based Rockies and Midcontinent region.
09/08/2003 -- CITGO executive and two PDVSA directors elected to CITGO board
The board of CITGO Petroleum Corp., Tulsa, has elected Antonio Rivero, Citgo executive vice-president, to the board along with Nelson Martínez and Dester Rodríguez, both on the Petróleos de Venezuela SA (PDVSA) board.

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