Italy's gas sector poised for boom once deregulation hurdles cleared
Deregulation of Italy's natural gas and electricity sectors is setting the stage for a major expansion of that country's gas industry and a transformation of its energy sector as "BTU convergence" continues to spread around the world.
Oil price rises following ministerial meeting
The oil ministers of Mexico, Saudi Arabia, and Venezuela agreed to maintain their accord on oil production cutbacks until the end of March 2000, following a meeting in Caracas on Aug. 28.
In three nations that rely heavily on their national oil companies, energy ministers are under pressure.
TotalFina chief outlines ideas on Elf bid
With the takeover battle between TotalFina SA and Elf Aquitaine SA increasingly looking like a long haul, TotalFina Pres. Thierry Desmarest has been airing his views in the French press.
Alaska seeks BP Amoco-ARCO accord
In an effort to ensure competition in Alaska's North Slope area, BP Amoco plc will have to part with certain assets before merging with ARCO, according to Alaska Gov. Tony Knowles. In fact, the state would prefer to have a say in which North Slope acreage would be sold and to whom, says the governor.
After almost a decade of capitalism, there are parts of the Russian economy that have not fallen in line, to such an extent that barter is considered critical to the survival of the country's oil and gas sector.
A California Superior Court
ruled in favor of Exxon Corp. in a 13-year-old civil suit against the firm, saying it does not owe California $750 million for allegedly pricing oil pumped from public lands at less than market value. The jury decided that the state had received sufficient payments during 1981-89 for oil taken from Wilmington field off Long Beach.