Oil and gas executives need a clear understanding of the US Securities and Exchange Commission (SEC) reporting guidelines to help minimize problems that can cause costly filing delays, embarrassing restatements of reserves and income, and, in some cases, intense agency scrutiny and disciplinary action.
A recent replacement of PT Pupuk Kujang's urea reactor at its plant in Cikampek, Indonesia, has increased the reactor's efficiency, reliability, and safety, extending the reactor life by at least 20 years.
Deepwater installation in July-September 2000 of flowlines and umbilicals for Petrobras at Campos basin, offshore Brazil, involved connecting three wells in the Roncador field back to the P-36 floating production platform.
In his letter (OGJ, Aug. 27, 2001, p. 10), Matt Janowiak advocates mandated fuel efficiency standards for automobiles, and states: "I guess we're not mature enough to make the tough decisions on our own, and the legislators should force us to act responsibly by removing irresponsible choices."
US merger and acquisition activity was given another shot in the arm in recent weeks with the announcement of a multibillion-dollar merger deal between Domin ion Resources Inc., Richmond, Va., and Oklahoma City-based Louis Dreyfus Natural Gas Corp. (LDNG).