New IPAA chairman wants more wildcatting
Jerry Jordan wants to encourage independents to return to wildcatting.
Independents told tax measures still alive
US independent producers still have a fair chance of getting tax relief measures from Congress next year, speakers told attendees at the recent Independent Petroleum Association of America annual meeting in Dallas.
Three recent political developments in Washington, DC, hold potential implications for the oil industry.
Alberta set up an agency to promote the reduction of greenhouse gases in the province, which produces 80% of Canada's oil and gas, as well as most of its emissions of greenhouse gases.
BP Amoco strikes tentative deal in Alaska
BP Amoco PLC struck a deal with Alaskan authorities that is expected to clear the way for its takeover of ARCO, but completion is now thought unlikely to be achieved by yearend, as intended.
Enron to sell Oregon utility for $3 billion
After selling its upstream oil and gas unit in July, Enron Corp. has made another portfolio-focusing move, this time selling off its only regulated electric utility company, Portland General Electric Co. (PGE).
Watching the World
E&P takeovers loom
Small may be beautiful, but the latest financial figures from two petroleum megamajors suggest that biggest is best.
Shell to sell noncore Australia assets
Royal Dutch/Shell's unit Shell Development (Australia) Pty. Ltd. has decided to sell its interests in a number of noncore assets in Western Australia.