CIPA's importance seen growing as California property base changes
While California conjures up the image of a perpetual battleground for oil and gas producers, there are, nevertheless, "opportunities in that turmoil," says Larry Bates, the new chairman of the California Independent Petroleum Association.
US officials: policy should promote secure oil supplies
The US should encourage increased and diversified energy production from a range of foreign suppliers, especially those in more secure areas, senior officials of the George W. Bush administration told a congressional committee June 20.
Watching Government: EIA confirmation
The US Energy Information Administration is slated to have a new boss, possibly this summer.
A.G. Edwards: Majors' operating measures mixed, healthy
Overall oil market fundamentals remained strong during 2001, as shown by the higher-than-average financial performances of a sampling of integrated oil and gas companies. Robust oil prices and above-average US natural gas prices and refining margins drove these gains.
Company News: Dynegy unveils plan to improve liquidity, lower debt
Dynegy revealed on June 24 a $2 billion capital scheme to shore up its liquidity and reduce its debt. The news follows close on the heels of the energy marketer's June 19 announcement that it would cut 340 workers, or 6%, from its worldwide workforce.
PERSONNEL MOVES AND PROMOTIONS: Dynegy names Dorey to CFO position; Doty resigns
Dynegy Inc. reported June 19 that Rob Doty has resigned from his position as executive vice-president and chief financial officer, and the company has appointed Louis Dorey to replace him. That same day, the energy marketer reported that it would cut 340 workers, or 6%, of its worldwide workforce.