Company News: Southern Star natural gas pipeline to change hands
GE Commercial Finance Energy Financial Services, Stamford, Conn., and Caisse de depot et placement du Quebec of Montreal, Canada’s largest institutional investor, agreed to buy the Southern Star natural gas pipeline system from AIG Highstar Capital for $362 million.
Editorial: Imposed gasoline costs
Every time lawmakers or regulators tighten specifications for gasoline or diesel fuel-and there have been many such times in the past 15 years-a guessing game begins over cost.
Energy Policy Act of 2005 leaves US with open issues
After 4 years of frustration, the two US houses of Congress passed the Energy Policy Act of 2005, which President George W.
IEA: Russian oil output rising despite slower growth
Although the rate of increase has slowed, Russian oil production will rise by 2-3% during 2005-06, the International Energy Agency reported after a visit of its secretariat to Moscow.
IFC finances Argentine drilling, waterflood projects
International Finance Corp. (IFC) signed a $250 million loan for the Argentine unit of Pan American Energy LLC to finance drilling and waterflood projects in southern Argentina’s Golfo San Jorge basin.
Unocal shareholders okay takeover by Chevron
Unocal Corp. shareholders overwhelmingly accepted a cash-stock takeover bid from Chevron Corp.
Watching the World: A squabble in Amazonia
Ecuador resumed operations at its Sote pipeline last week after several days of protests by residents of the Orellana and Sucumbios provinces in the Amazonia region.
Woodside to base new LNG facility on Pluto find
Woodside Petroleum Ltd. has added a new gas project to its global list of developments with the announcement that planning has begun for a new LNG facility centered on its recent Pluto gas discovery.
Personnel Moves and Promotions: Tillerson expected to take helm at ExxonMobil
ExxonMobil Corp. Chairman and Chief Executive Officer Lee Raymond has announced his intention to retire at yearend after more than 42 years of service, including 21 years as a director.