BP Amoco-ARCO combine not expected to inhibit U.S. oil price recovery, production
BP Amoco plc's proposed acquisition of ARCO is almost unique among large, integrated company mergers.
Elf planning to fight TotalFina takeover
Elf Aquitaine SA is preparing a plan to fight off a takeover bid by TotalFina SA, but exactly when details of the plan will be announced is not clear.
Aftershocks will follow the takeover by Norsk Hydro AS of Saga Petroleum AS and the anticipated takeover of Elf Aquitaine SA by TotalFina SA (see story, p. 23).
Repsol-YPF to sell Argentina R&M, gas assets
Repsol-YPF SA plans to sell some of its refining and marketing assets in Argentina, held by its Astra unit, as part of its plan to divest assets following Repsol SA's takeover of YPF SA last month (OGJ, June 28, 1999, Newsletter).
KN Energy makes deal to buy Kinder Morgan
KN Energy Inc., an integrated natural gas company based in Lakewood, Colo., has signed a definitive merger agreement with pipeline operator Kinder Morgan Inc., Houston.
Mexico: Grim repercussions loom if anti-dumping petition succeeds
Mexico Energy Secretary Luis Téllez said he is confident that an anti-dumping petition targeting his country, Venezuela, Saudi Arabia, and Iraq by a group of independent U.S. producers would be rejected by the U.S. International Trade Commission, but he also painted a bleak scenario should the petition be successful (see related articles on this page and p. 32).
API opposes independents' dumping petition
The American Petroleum Institute is opposing a petition by some independent U.S. producers that alleges other nations have dumped oil on the U.S. market at prices below fair value.
Recipe for a third oil shock:
Undermine Saudi pro-Americanism and hyperventilate OPEC
Imagine an unexpected arrival at the end of the second millennium of an oil economist from Hell.
The U.S. has thwarted, at least for now, a move in the United Nations Security Council to lift economic sanctions against Libya.