US companies upbeat on possible return to Libya
US companies with languishing interests in Libya said late last month that they are growing increasingly hopeful that international and US sanctions against the North African nation will be lifted as soon as first quarter 2003.
UN faces big challenges under new Iraq sanctions plan, GAO says
The United Nations' updated Iraq sanctions regime has no provisions to deter oil smuggling and illicit trade or to reintroduce weapons inspectors, according to an analysis by the General Accounting Office.
CGES: European gas amenable to commodity trade
There is no "intrinsic reason" why Europe can't develop into a natural gas commodity market like the US, instead of remaining tied to long-term contracts and pricing formulas linked to oil, said authorities at the Centre for Global Energy Studies (CGES), London, in a recent report.
FTC refining way it tracks gasoline price spikes
The Federal Trade Commission said it plans to be more sophisticated in the way it monitors gasoline price spikes.
Watching Government: Building bridges
An environmental group and a multinational oil company have teamed up to start a new Washington, DC-based think tank on transportation issues.
COMPANY NEWS: Newfield Exploration to buy EEX for $640 million
Newfield Exploration Co. has signed an agreement to acquire EEX Corp. in a deal valued at $640 million. The transaction-which will include the assumption of debt, net of cash, in addition to other existing obligations-is expected to close in the third quarter, subject to the approval of EEX's common shareholders and other regulatory approvals, Newfield said.
PERSONNEL MOVES AND PROMOTIONS: Lundin Petroleum, Canadian 88 name new top executives
Ian Lundin, president of Swedish oil and gas exploration company Lundin Petroleum AB, also has been named chairman of the company. Lundin succeeds Adolf Lundin, who is relinquishing his top spot after serving in the position for 22 years.