Editorial - The motives in Iraq
Controversy over weapons of mass destruction obscures other motives, real and imagined, for the military strike in Iraq last March.
Lifting the veil of Norwegian natural gas: One year of 'conventional' gas sales
The rapid implementation of a radically new natural gas transportation regime in Norway reflects a broader revolution getting under way in Europe's gas markets.
Senate leaders pledge to consider leaner energy bill
US Senate leaders Feb. 12 pledged to take a leaner energy bill to the Senate floor when Congress returns from a 1 week break Feb. 23.
White House urges Congress to keep ILSA flexible
The White House told the US Congress that an existing law designed to discourage non-US companies from investing in either Iran or Libya should continue to give President George W. Bush wide discretion as to when or if sanctions are appropriate.
Watching Government - Safe and secure
The US Congress faces an important challenge this year as it considers ways to keep nearly half a million miles of oil, natural gas and product pipelines safe and secure.
API: US petroleum demand rises 'only modestly' in 2003
US demand for petroleum rose "only modestly" in 2003, part of a long-term trend in which US oil consumption has increased by only a fraction of the rate of the overall economy, officials of the American Petroleum Institute reported last month in Washington, DC.
UK offers new 'Frontier' license area west of Shetlands
A new "Frontier" license that allows offshore operators to apply for relatively large acreage on the UK's Atlantic margin or continental shelf west of the Shetland and Orkney islands at significantly reduced costs will be offered in the next UK offshore licensing round.
Company News - Plains Exploration to acquire Nuevo Energy
Plains Exploration & Production Co. has agreed to acquire Houston rival Nuevo Energy Co. in a stock transaction valued at $945 million. Upon closing, Nuevo stockholders will own 47%, and Plains Exploration stockholders will own 53% of the combined company.
El Paso slashes its reserves estimates by 41%
El Paso Corp. has reduced its proven oil and natural gas reserves estimate by 1.8 tcfe, or 41%, leaving the company with 2.64 tcfe as of Dec. 31, 2003. Of that total, 66% is proved developed reserves.
Personnel Moves & Promotions
Several principals from Matador Petroleum Corp. have founded Matador Resources Co., Dallas (see Company News, p. 31).