Emerging 'triple bottom line' model for industry weighs environmental, economic, and social considerations
At the confluence of corporate environmental, economic, and social engagement, a new paradigm has emerged: the triple bottom line (TBL).
ExxonMobil sells properties, organizes
BP Amoco PLC and ExxonMobil Corp. have agreed to dissolve their European fuels and lubricants joint venture and split the assets in line with their equity stakes.
A recent Center for Strategic & International Studies conference in Washington, DC, on energy geopolitics saw few problems with oil supply and demand.
Industry E&P spending plans for 2000 reflect renewed optimism
The US exploration and production industry is planning to increase capital spending in 2000 vs. 1999.
Lehman: World E&P outlays to rise 10% in 2000
Worldwide exploration and production budgets will increase by 10.2% in 2000 vs. those for 1999.
TransCanada to retrench, offload key assets
TransCanada PipeLines Ltd., Calgary, has decided to return to its core business by selling all assets not associated with its $21 billion (Can.) pipelining, power generation, and marketing activities in Canada and the northern US.
Watching the World
North Sea fears
The price for dated Brent crude oil has settled around $24-25/bbl, the Organization of Petroleum Exporting Countries is holding back production, and inventories are falling. So why is the North Sea oil industry gloomy?
Erika, a Maltese-registered tanker, broke in half in stormy Atlantic seas Dec. 12 about 100 km off the northwestern coast of France and spilled 10,000-18,000 tonnes of heavy fuel oil.