Power sector takes a downturn in Energy 50 2Q ranking

The latest ranking of the world's 50 largest energy companies, compiled for the second quarter 2001, was colored by some notable events: The downturn of the power sector.The emergence of South Korean and Japanese utility companies from their respective slumps.Merger and acquisition activity among some US and Canadian companies.The launch of Norway state oil firm Statoil AS's initial public offering. Click here to enlarge imageThe most recent Energy 50 ranking-a quarterly assessment based on the companies' market capitalization-was released earlier this month by Petroleum Finance Co., Washington, DC (see table).Best, worst performersIn addition to the aforementioned events aff...

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