Gas the cornerstone of Venezuela's energy sector investment campaign
Natural gas forms the cornerstone of Venezuela's current efforts to attract foreign investment to its energy sector.
BP Amoco, ExxonMobil, Phillips realign Alaska interests
Having just completed its merger with ARCO (see story, this page), BP Amoco PLC agreed to sell ARCO's Alaskan North Slope properties to Phillips Petroleum Co. for $7 billion after resolving ExxonMobil Corp.'s objections. ExxonMobil had sued to block the sale, claiming that it had right of first refusal under a 1964 agreement (OGJ, Apr. 3, 2000, p. 30).
BP Amoco signs deal with FTC, acquires ARCO
BP Amoco PLC and ARCO have completed a $27 billion merger after meeting the US Federal Trade Commission's demands for substantial divestitures.
E-commerce could revolutionize oil industry
The new business-to-business (B2B) wave of computerized electronic-commerce technology is probably generating equal amounts of "buzz and biz," but there is still substantial beef behind the hyperbole, said a panel of energy experts at a recent 2-day industry conference in Houston.
IEA: Oil supply boost needed in second half
Oil markets are expected to improve as a result of the production increases that the Organization of Petroleum Exporting Countries engineered in Vienna in late March, although another production increase will be necessary before yearend.