Phillips-ARCO deal clears path for BP Amoco
The oil industry learned earlier this month that Phillips Petroleum Co. had agreed to buy all of ARCO's Alaskan operations for about $7 billion in a move that will nearly double Phillips's total reserves and finally clear the way for ARCO's long-pending merger with BP Amoco PLC (OGJ, Mar. 20, 2000, Newsletter).
Change in Norway
An environmental issue toppled Norway's government earlier this month, also threatening proposals to sell part of state-owned Statoil.
TotalFina-Elf merger completed, firm renamed
Stockholders of TotalFina SA and Elf Aquitaine SA have approved the firms' merger, and the combined company has been renamed TotalFinaElf SA.
US government aims to ease oil shortages
Reacting to increasing gasoline prices, President Bill Clinton will ask Congress to approve two tax credits to increase US oil production.
E-commerce brings new challenges to industry
Electronic commerce (e-commerce) presents challenges and opportunities unique to the energy industry-as well as potential to change the balance of power between oil companies and service-supply firms.
Mexico's Energy Regulatory Commission
awarded Gaz de France (GDF) the concession to distribute natural gas in the Puebla-Tlaxcala distribution zone, which covers 51 municipalities in the states of Puebla and Tlaxcala