General Interest 2003 P

12/05/2003 -- MARKET WATCH
Natural gas futures price soars to 6-month high
The January natural gas contract shot up by 58.1¢, or 10%, to a 6-month high of $6.34/Mcf Thursday on the New York Mercantile Exchange, following a report of a larger-than-expected draw of gas from US underground storage during the week ended Nov. 28.
12/05/2003 -- St. Mary Land & Exploration names senior vice-president
St. Mary Land & Exploration Co., Denver, announced that Jerry R. Schuyler was named senior vice-president and manager of the Gulf Coast region.
12/05/2003 -- BHP Billiton creates chief commercial officer job
BHP Billiton Ltd., Melbourne, promoted Marius Kloppers from chief marketing officer to chief commercial officer.
12/04/2003 -- MARKET WATCH
OPEC maintains current production quota as energy prices rally
As was generally expected, ministers of the Organization of Petroleum Exporting Countries voted Thursday to retain their current production quota of 24.5 million b/d, pending another extraordinary meeting Feb. 10 in Algiers when they will again assess market conditions.
12/04/2003 -- Third quarter results of US producers, service firms surge
Third quarter financial results of integrated and independent oil companies, and service and supply companies, showed healthy gains from year-earlier results.
12/04/2003 -- Oceaneering International buying Stolt Offshore's ROV business
Oceaneering International Inc., Houston, has agreed to buy a fleet of remotely operated vehicles (ROVs) along with related contracts from Stolt Offshore SA, London, for $50 million. The transaction remains subject to a due diligence review.
12/04/2003 -- Marathon Oil announces new chief financial officer
Marathon Oil Corp., Houston, hired Janet F. Clark as its senior vice-president and chief financial officer. She succeeds John T. Mills, who retired Dec. 1.
12/04/2003 -- Enbridge Energy Partners buying $247 million worth of natural gas facilities in Texas
Enbridge Energy Partners LP, Houston, has agreed to acquire natural gas gathering and processing assets in North Texas from Cantera Resources Inc., an affiliate of Morgan Stanley Capital Partners, for $247 million.
12/04/2003 -- Anadarko names James Hackett as president, CEO
Anadarko Petroleum Inc. named James T. Hackett as its president and CEO, effective immediately, in what one analyst calls a move to help restore investor confidence in the Houston-based company.
12/04/2003 -- Appeals court upholds denial of compensation for lease off Florida
Coastal Caribbean Oils & Minerals Ltd., Tallahassee, considers legal options after an appeals court upheld a ruling that denied the company compensation for an offshore lease on which the state prohibited the company from drilling for oil and gas.
12/03/2003 -- US District Court rejects producer request to strike down MTBE ban
The US District Court for the Northern District of New York Nov. 21 rejected a request by methyl tertiary butyl ether producers to strike down an impending ban on the clean fuel additive.
12/03/2003 -- MARKET WATCH
Crude oil, gas futures prices rally in New York
Crude oil and natural gas future prices both rallied on the New York Mercantile Exchange Tuesday upon international uncertainities and winter weather in part of the US.
12/03/2003 -- MEI: Three possible scenarios exist for Mexico's MSC tender buyers
There are three possible scenarios to explain why an oil company, such as ExxonMobil Corp. and Total SA, might buy a bid package yet ultimately not place an actual bid for the Multiple Service Contract tenders being offered by Mexico's national oil company Petroleos Mexicanos.
12/02/2003 -- MMS schedules oil, gas sale for Cook Inlet
The Minerals Management Service has issued a proposal for Lease Sale 191 in Alaska's Cook Inlet and scheduled the Proposed Notice of Sale for May 19, 2004. The sale itself along with Sale 199 is scheduled for May 2006. MMS has released a single final environmental impact statement that evaluates both sale areas.
12/02/2003 -- FACTS: India's long-term natural gas supply outlook is bright
India has a bright long-term natural gas supply outlook, but the medium-term outlook is murky, said Fereidun Fesharaki, a senior fellow at the Honolulu-based East-West Center and president and founder of FACTS Inc.
12/02/2003 -- FACTS: Thailand gas demand to post 'healthy' growth rate through 2015
Demand for natural gas in Thailand is expected to continue to track upward through 2015 at "a health average annual growth rate of 5.4%," according to a report released last month by FACTS Inc.
12/02/2003 -- MARKET WATCH
Cold weather pushes natural gas futures price above $5/Mcf
Futures prices for natural gas again jumped above $5/Mcf Monday on the New York Mercantile Exchange, triggered by cold weather in the Northeast US and stoked by technical buying and short covering by traders holding open sales contracts in that market.
12/02/2003 -- Trinidad and Tobago courts smelter backers, promotes gas-fired power generation
Trinidad and Tobago is pressing development of gas-fired power generation to support industrialization in the island nation and may be willing to subsidize electricity prices paid by a prospective aluminum investor in order to develop a metals industry.
12/02/2003 -- World Bank asks Pakistan to raise natural gas taxes
The World Bank has asked Pakistan to increase significantly its tax on natural gas to boost its revenue contribution and raise the levy on petroleum, oil, and lubricant (POL) products.
12/02/2003 -- Canadian government report finds no evidence of conspiracy in gasoline prices
Fluctuating gasoline prices in Canada in early 2003 stemmed from the oil and gas industry's competitive reactions to international events and to abnormally cold weather, concluded a government report.

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