Watching the World
Leaded gasoline will no longer be on sale in European Union countries beginning Jan. 1, 2000, as Brussels continues to tighten legislation in pursuit of cleaner air in big cities.
Tanker owners fearful of Y2K liability
The International Association of Independent Tanker Owners (Intertanko) warned members to offer no guarantees when insuring their operations against Year 2000 software problems.
BTU convergence deals top latest M&A action
Merger and acquisition action continues to gather momentum among energy companies worldwide.
Change in Brazil
The Brazilian government is breathing new life into the nation's energy industry.
DOE to fund 10 new E&P research projects
Bill Richardson, US Secretary of Energy, has announced 10 new demonstration projects for helping US independent producers acquire new tools for recovering oil that might otherwise be left in the ground.
GEI Index tracks investments in select countries
Industry and government leaders, energy buyers and sellers, investors, and consultants have a new measure by which to check progress and monitor changes in energy investability among countries over a relatively short time.
National Petroleum Refiners (Pty.) Ltd. (NATREF) is not a state refining company, as incorrectly reported in the first paragraph of an article about its planned Sasolburg refinery upgrade (OGJ, Aug. 30, 1999, p. 48). NATREF shareholders are Sasol Ltd. and Total South Africa (Pty.) Ltd., as stated in the article's fifth paragraph.
First-half US oil, gas asset sales a record
Sales of US oil and gas properties during second quarter 1999 reached $28.2 billion with 148 transactions, bringing the first-half total to a record $43.2 billion, according to Randall and Dewey Inc., Houston. That's the key finding from a recent review of selected global merger, acquisition, and divestment (MA and D) activity, based on transactions announced in first-half 1999 (Fig. 1).
Outlook improving for South Korean refining, petrochemical firms in wake of restructuring
LG-Caltex Oil Corp.'s 600,000 b/d refinery at Yocheon is one of the world's largest and represents a ten-fold increase in the joint venture's refining capacity since it started up 30 years ago.