10/05/2004
-- Gaz de France has new president Gaz de France announces the appointment of Jean-François Cirelli as President of Gaz de France.
10/05/2004
-- Premier Oil chief executive succession Simon Lockett, currently director of operations for Premier Oil PLC, London, will succeed Charles Jamieson, CEO, when he retires at the end of June 2005.
10/05/2004
-- Study criticizes corporate governance in Russia Slow progress on corporate governance and the government crackdown on OAO Yukos have shaken investor confidence in Russia, concludes a study by a global association of financial institutions.
10/05/2004
-- MARKET WATCH Energy prices decline as Nigerian conflict cools Energy futures prices declined Monday as political tensions eased in Nigeria, but analysts said they're not sure if the oil market may be poised for further retreat or gathering strength for a renewed climb to higher prices.
10/04/2004
-- ExxonMobil Chemical acquires rest of polyethylene plant ExxonMobil Chemical Co. has acquired the remaining 50% interest in the Cie. Industrielle des Polyethylenes de Normandie (CIPEN) plant in Notre Dame de Gravenchon, France.
10/04/2004
-- Tight gas market seen for US heating season Lower-than-expected July and August temperatures in many parts of the country have helped slow growth in US demand for natural gas this year.
10/04/2004
-- S&P calls for broader disclosures of oil, gas reserves Investors and analysts trying to decipher the significance of reported oil and natural gas reserves could benefit from broader disclosures by companies, a credit ratings agency suggested.
10/04/2004
-- Market Watch NYMEX crude closes above $50/bbl for first time The near-month benchmark crude contract closed above $50/bbl Friday for the first time in the 21 years since crude futures began trading on the New York Mercantile Exchange.
10/04/2004
-- Shell evaluates 3D seismic data for offshore Pakistan Block 2365-1 Shell Pakistan Ltd. (SPL) affiliate Shell Development & Offshore Pakistan BV has completed a 3D seismic survey of Block 2365-1 in the deepwater Indus E basin, 150 km south of Karachi. Shell plans to allocate a further $25 million to drill an exploratory well if the survey indicates promise.
10/01/2004
-- Voluntary approach on environment challenges industry While the oil and gas industry has made progress in voluntarily reducing greenhouse-gas emissions, it also must develop technology that accelerates environmental improvement while meeting growing energy demand, government and industry representatives suggested here Wednesday.
10/01/2004
-- Canada's Paramount Resources Ltd. considers restructuring options Paramount Resources Ltd., Calgary independent, said its board authorized management to examine restructuring alternatives to increase shareholder value, including but not limited to keeping the status quo or reorganizing all or part of the company into an energy trust.
09/29/2004
-- MARKET WATCH Supply woes keep energy prices at record highs The November contract for benchmark US light, sweet crude closed at a record $49.90/bbl Tuesday, up by 26¢ for the day, after surging to an all-time intraday high of $50.47/bbl on the New York Mercantile Exchange.
09/29/2004
-- ConocoPhillips buying stake in Lukoil ConocoPhillips will buy 7.59% of OAO Lukoil for $1.99 billion and join the Russian company in a strategic alliance outlining how it might increase the interest to 20%.
09/29/2004
-- Venezuela, Argentina form energy alliance; Petrobras balks Venezuela's state-owned Petroleos de Venezuela SA (PDVSA) and Argentina's new state energy company, Enarsa have agreed to form an energy alliance called Petrosur. Brazil's state-owned Petroleo Brasileiro SA (Petrobras), however, is reluctant to join.
09/28/2004
-- Gas producers frustrated with permitting delays in Rockies The US Rocky Mountain region has great potential for natural gas reserves, but Houston-based Dominion Exploration & Production Inc. is growing frustrated with permitting delays and escalating costs of doing business.
09/27/2004
-- Vintage Petroleum to sell Canadian oil and gas interests The boards of Tulsa, Okla.-based Vintage Petroleum Inc. and Midnight Oil & Gas Ltd. have approved a June 30 agreement whereby Vintage will sell all its interests in Canada to Midnight for $350 million (Can.), including working capital of about $27.5 million.
09/27/2004
-- FACTS: Low-price LNG deals for Asia could be things of the past Low-price LNG deals of recent years in Asia could be things of the past because the future direction of the US natural gas market will have a profound impact on the global LNG market, including Asia.
09/27/2004
-- MARKET WATCH Crude futures price hits record high on NYMEX Benchmark US crude hit a new record high closing price Friday on the New York Mercantile Exchange amid continued slow recovery of Gulf of Mexico production and growing concern about armed conflict in Nigeria.
09/27/2004
-- Statoil transfers ownership in power company Statoil ASA plans to transfer its shares in Naturkraft AS to current partners Statkraft SF and Norsk Hydro ASA, which will then have 50:50 ownership of the power company.
09/27/2004
-- Conoco's Stice: US LNG projects shouldn't chase price differentials Developers of LNG projects in the US should not make terminal-site decisions based on regional natural gas price differentials, said ConocoPhillips Qatar Pres. Mike Stice at an LNG conference in Houston Sept. 24.
