Personnel Moves and Promotions: Anadarko president takes on chairman role
Anadarko Petroleum Corp. Pres. and Chief Executive Officer Jim Hackett will take on the additional role of chairman after Robert J. Allison Jr. steps down. Both changes will be effective Jan. 1, 2006.
Bodman urges African nations to adopt ‘bedrock principles’
Billions of dollars in venture capital are pouring into energy projects worldwide, US Energy Sec.
Earnings up 65% for 22 Canadian companies in third quarter
Among a sample of oil and gas producers, transporters, and service and supply firms based in Canada, most companies reported much stronger earnings in the third quarter of 2005 than they did in the comparable 2004 quarter, primarily due to the strength of oil and gas prices.
Editorial: The UK tax hike
UK Chancellor Gordon Brown didn’t even spin it well. He surprised the UK North Sea oil and gas producing industry with a tax increase and acted altogether untroubled by the need to make economic sense of it (see Newsletter and p.
Military training pressed as eastern gulf leasing issue
US Sec. of Defense Donald H. Rumsfeld’s view of offshore exploration and development where military training occurs has become an issue in Washington, DC.
Oil company chiefs describe roles on energy task force
Responding to a request from US Senate energy leaders, five multinational oil company executives who testified at a Nov.
Company News: Shell, Total E&P units make in-kind asset exchange
Shell Exploration & Production and Total E&P USA have agreed to an in-kind exchange.
Study notes jump in Permian basin operating expenses
Permian basin unit operating expenses (opex) jumped during 2002-04 for all but the leading area operators, according to a Ziff Energy Group benchmarking study conducted for nine basin operators.
Third-quarter earnings surge for US oil and gas companies
Many of the major oil and gas producers set earnings records for the third quarter of 2005.
Watching the World: A tax grab in the UK
You don’t have to live in a banana republic to observe the effect of greedy taxmen on the oil industry.