Trinidad and Tobago banking its future on natural gas, but energy policy still evolving
Trinidad and Tobago has banked its future on natural gas.
New technology aims to cut heavy crude pipeline costs
Several major companies are backing a Canadian pilot project to demonstrate a technology aimed at cutting the cost of transporting heavy oil via pipeline and increasing market penetration of Canadian heavy crudes in the US.
Angola to become Africa's second largest oil producer
Oil companies will spend $20 billion developing the deep waters off Angola during the next 5 years, positioning the West Africa nation to become Africa's second largest oil producer, said the Centre for Global Energy Studies in a late March report.
Upgraded bituminous crudes boosting world oil supply
Upgraded bituminous crudes are expected to contribute more than 1 million b/d to global oil supplies this year, according to a new analysis by London think tank Centre for Global Energy Studies.
Editorial: Attention to accounting
The oil and gas industry should prepare for, even welcome, public attention likely to focus soon on its accounting methods.
Oil industry sees mixed signals on US Iran policy
US oil companies hoping to invest in Iran continue to receive mixed signals from the White House and congressional officials.
Watching Government: Asian ascension
The Republic of Korea (South Korea) became a full member of the Paris-based International Energy Agency Mar. 28.
COMPANY NEWS: Shell to buy Pennzoil-Quaker State for $2.9 billion
Shell Oil Co., a wholly owned member of the Royal Dutch/Shell Group, has agreed to acquire Pennzoil-Quaker State Co. for $1.8 billion in cash and $1.1 billion in debt.
US seeks to block Enron, Andersen from new government contracts
The General Services Administration Mar. 15 suspended Enron Corp., related Enron corporate entities, several former Enron officials, the accounting firm Arthur Andersen LLP, and a former Andersen official from conducting new business with the federal government. GSA said the suspension is for 12 months for all parties except for Andersen, whose suspension remains as long as it is under indictment.
PERSONNEL MOVES AND PROMOTIONS: TransTexas Gas appoints new CEO
Arnold H. Brackenridge has been elected CEO of TransTexas Gas Corp., Houston, succeeding John R. Stanley, who has resigned.