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Algeria mulls equal footing for Sonatrach, foreign firms
Algerian officials are debating a proposal to strip Sonatrach, the state oil firm, of its monopoly market powers and put it on a nearly equal competitive footing with foreign energy companies in that country, said a former Sonatrach director.
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IEA to study European gas market liberalization
Paris-based International Energy Agency is undertaking a survey to determine the impact of liberalization of the European natural gas market on the supply safety of its 26 member states.
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Watching Government: IMF updates
The International Monetary Fund recently scrutinized the economies of two key oil exporters, Nigeria and Kuwait. Both governments, like most other members of the Organization of Petroleum Exporting Countries, rely heavily on petroleum export revenue.
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Developing countries make strides to cut GHG emissions
Certain developing countries' efforts to strengthen their economies, improve energy security, and protect their local environments are at the same time reducing significantly their greenhouse gas (GHG) emissions, according to report released last year by Washington, DC-based Pew Center on Global Climate Change.
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IPAA: Agency cooperation needed for public land access
An independent producer group said that new government surveys show there is reason to be optimistic that there is more undiscovered oil and gas within US public lands than once thought.
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AGA calls on policymakers to expand access to energy resources
The American Gas Association joined a growing chorus of trade groups warning US consumers they could see higher natural gas prices in the next decade unless policymakers boost access to energy-rich resources.
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Drilling execs see oil field services demand rebounding
Oil field services demand should rebound throughout 2003 following a sluggish fourth quarter 2002, drilling managers at US and Canadian exploration and production companies told Gerson Lehrman Group Inc.
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RBC Capital poll: Oil service stocks expected to rise in 2003
Energy experts are bullish about oil service company stocks for 2003 but more cautious about exploration and production stocks, according to an annual energy poll conducted by RBC Capital Markets.
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E&P firms' 2003 capital outlays to be flat or lower than in 2002
Many oil and gas exploration and production companies are planning 2003 capital expenditure budgets that are flat or lower than their 2002 budgets amid concerns about volatile commodity prices, Wall Street's expectations, and the economy in general.
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Lehman: Increases slight for 2003 global E&P outlays
Worldwide exploration and production budgets are expected to increase by 4.2% to $132.4 billion in 2003 vs. those for 2002.
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COMPANY NEWS: Talisman delays sale of Greater Nile Oil Project stake
Talisman Energy Inc., Calgary, has delayed until Jan. 31 the sale of its 25% interest in the Greater Nile Oil Project (GNOP) to New Delhi-based ONGC Videsh Ltd., extending the earlier date of Dec. 31, 2002.
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PERSONNEL MOVES AND PROMOTIONS: ConocoPhillips makes senior management changes
ConocoPhillips reported that Rob McKee—executive vice-president, exploration and production, with Conoco Inc. and Conoco- Phillips since 1992—will retire effective Mar. 31. McKee, who worked 35 years for the company, is currently serving on special assignment to ConocoPhillips CEO Jim Mulva from Jan. 1 until his retirement date.
