The Oil Daily articles from February 2002

The Oil Daily archives from February 2002

New Enron Chief to Focus on Pipelines.(Stephen Cooper)(Brief Article)
February 1, 2002... New Enron Chief to Focus on Pipelines The Wall Street workout specialist Enron brought in to salvage the remnants of its once global empire comes to the job committed to bringing a viable pipeline company out of the bankruptcy proceedings....

Independents Rethink Spending as Profits Fall.(Anadarko Petroleum Corp., Apache Corp.)(Brief Article)(Statistical Data Included)
February 1, 2002... Independents Rethink Spending as Profits Fall Lower crude oil and natural gas prices caused fourth-quarter profits to cave at Anadarko and Apache, forcing the two Houston-based independent producers -- as well as some rivals -- to rethink...

Energy Merchants Knocked by Enron, With Mirant Hardest Hit.(fourth quarter earnings)(Brief Article)(Statistical Data Included)
February 1, 2002... Energy Merchants Knocked by Enron, With Mirant Hardest Hit Energy merchants and services companies all were affected by Enron's downfall in the fourth quarter. For some, the positive impact is outweighing the negative. Others, particularly...

Crude, Product Prices Lifted by Threat of Refinery Strike.(Paper, Allied-Industrial, Chemical, and Energy Workers International)(Brief Article)(Statistical Data Included)
February 1, 2002... Crude, Product Prices Lifted by Threat of Refinery Strike Crude futures in New York rose late Thursday on news of a threatened strike by a US oil industry union. The Paper, Allied-Industrial, Chemical, and Energy Workers International...

Has NetworkOil Discovered a Viable Business Plan At Last?(newly named Network International posts first profit)(Brief Article)
February 1, 2002... Has NetworkOil Discovered a Viable Business Plan At Last? Might NetworkOil, one of the first energy e-business ventures out of the gate in the late 1990s, finally have gotten it right? After switching directions many times in its early...

Repsol Weighs Financial Steps in Response to Argentine.(Repsol-YPF S.A.)(Brief Article)(Statistical Data Included)
February 1, 2002... Repsol Weighs Financial Steps in Response to Argentine Crisis Spanish oil giant Repsol-YPF has confirmed it may be forced to revise its strategic investment plan for the next three years to make up for losses expected from the peso...

Renewable Fuel Mandate Would Disturb Oil Market, NPRA Warns.(National Petrochemical and Refiners Association )(Brief Article)
February 1, 2002... Renewable Fuel Mandate Would Disturb Oil Market, NPRA Warns The National Petrochemical and Refiners Association (NPRA) warned federal regulators that mandating the use in gasoline of renewable fuels such as ethanol would "create new...

Two Top Exxon Officials to Retire.(Rene Dahan, Gene Renna)(Brief Article)
February 1, 2002... Two Top Exxon Officials to Retire Two of Exxon Mobil's top executives are stepping down, including the most senior survivor from Mobil. The two -- chemicals chief Rene Dahan and downstream head Gene Renna -- had effectively been ruled...

Daily Oil & Gas Price Review.(for January 31, 2001)(Brief Article)(Illustration)(Statistical Data Included)
February 1, 2002... Daily Oil & Gas Price Review Prices for Thursday, January 31, 2002 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg. Month Month Nymex...

Stock Market Scorecard.(for January 31, 2002)(Brief Article)(Illustration)(Statistical Data Included)
February 1, 2002... Stock Market Scorecard Integrated Close 1-Day. % Chg. Majors Jan 31 Chg. % Chg. 10-Day 52-Wk YTD Occidental 25.95 +0.87 +3.47 +3.84 ...

Pace Workers Threaten to Strike.(Paper, Allied- Industrial, Chemical and Energy Workers International)(Brief Article)
February 1, 2002... Pace Workers Threaten to Strike A national oil workers' union on Thursday notified the four largest US oil companies that a strike at possibly five refineries as early as today was likely unless there was progress in contract talks...

Dynegy Acquires NNG Pipeline.(Daniel Dienstbier named president of Northern Natural Gas Co.)(Brief Article)
February 1, 2002... Dynegy Acquires NNG Pipeline Dynegy announced Thursday it had closed its acquisition of Northern Natural Gas (NNG) from Enron, and named gas industry veteran Daniel Dienstbier as NNG president. Dienstbier returns to a position he held...

Chevron Texaco Sits on Fence.(cannot decide about acquisition of Phillips, Conoco)(Brief Article)
February 1, 2002... Chevron Texaco Sits on Fence The board of Chevron Texaco discussed the potential for a rival bid for Phillips or Conoco on Wednesday, but no action was taken at the regularly scheduled meeting, the Wall Street Journal reported Thursday. ...

Kerr-McGee Announces Debt Sale.(Kerr-McGee Corp.)(Brief Article)
February 1, 2002... Kerr-McGee Announces Debt Sale Exploration and production company Kerr-McGee filed with US regulators Wednesday to sell over time up to $2 billion worth of debt securities, common and preferred stock, warrants, guarantees, and stock...

Williams in Lawsuit.(Williams Cos. and Williams Communications securities class action lawsuit)(Brief Article)
February 1, 2002... Williams in Lawsuit Scott & Scott, a Connecticut-based law firm said it has filed a class action lawsuit in US District Court on Tuesday on behalf of purchasers of the common stock of Williams Cos. and/or Williams Communications between...

PGS Forges Tech Alliance With BP.(Petroleum Geo-Services A.S.A, British Petroleum Company PLC)(Brief Article)
February 1, 2002... PGS Forges Tech Alliance With BP Petroleum Geo-Services (PGS) has secured a geophysical technology alliance with BP through the Gulf of Suez Petroleum Co. (Gupco), PGS said Thursday. This technology alliance is anticipated to generate...

Profits Down at Patterson-UTI.(Patterson-UTI Energy 4th-quarter earnings)(Brief Article)(Statistical Data Included)
February 1, 2002... Profits Down at Patterson-UTI Patterson-UTI Energy, the second-largest operator of land- based oil and natural gas drilling rigs in North America, said net income for the quarter totaled $18.7 million (24[cent]/share), versus net income of...

Smith Profits Rise By 47%.(Smith International 4th-quarter earnings)(Brief Article)
February 1, 2002... Smith Profits Rise By 47% Smith International, a supplier to the oil and gas drilling industry, Thursday said earnings rose 47%, amid growth at its oilfield business. The Houston-based company said fourth-quarter income was $38.2...

Shell Canada Earnings Plunge.(4ht-quarter earnings)(Brief Article)
February 1, 2002... Shell Canada Earnings Plunge Shell Canada said Thursday that fourth-quarter profit fell 43% as the country's No. 2 integrated oil company was hit by the weak commodity prices and refining margins that have pressured its rivals. Shell...

Green Group Issues Tax Report.(Green Scissors Campaign)(Brief Article)
February 1, 2002... Green Group Issues Tax Report Heading off efforts in the Senate to draft tax legislation to encourage the energy industry, a coalition of environmental, consumer, and taxpayer groups issued a report Thursday condemning "taxpayer handouts"...

ENI Awards Gas Contract in Libya.(ENI, National Oil Corp. award contract to JGC)(Brief Article)
February 1, 2002... ENI Awards Gas Contract in Libya Italy's ENI and Libya's National Oil Corp. have awarded a $1.04 billion gas processing plant contract to a group including Japanese engineering group JGC, ENI said Thursday. The contract was for the...

PetroChina Wields Axe in 2001.(lays off 16,600 workers)(Brief Article)(Statistical Data Included)
February 1, 2002... PetroChina Wields Axe in 2001 PetroChina, the country's largest oil and gas producer, laid off about 16,600 employees in 2001 to cut costs, a company official said on Thursday. Together with the workforce reduction of 38,400 in 2000,...

Bush Lifts Azerbaijan Sanctions.(waiver of Section 907 of the Freedom Support Act)(Brief Article)
February 1, 2002... Bush Lifts Azerbaijan Sanctions In a move that could lead to a more conducive climate for oil companies doing business in the Caspian region, the White House on Wednesday announced that it has waived existing sanctions that prevented...

Oxy Swaps Stakes With Lyondell.(Occidental Petroleum and Lyondell Chemicals announce deal)(Brief Article)
February 1, 2002... Oxy Swaps Stakes With Lyondell Occidental Petroleum is buying a 21% stake in Lyondell Chemicals, and Lyondell is buying Occidental's interest in a chemicals joint venture, Lyondell said Thursday. Lyondell said the deal would allow it...

Burlington Moves on River Field.(Burlington Resources to develop River Fields natural gas venture in the Irish Sea)(Brief Article)
February 1, 2002... Burlington Moves on River Field US-based Burlington Resources said Thursday that it awarded a $78 million engineering contract in its Rivers Fields natural gas venture in the Irish Sea. Burlington, which intends to invest a total of...

Canadian Output Up in November.(crude oil production)(Brief Article)(Statistical Data Included)
February 1, 2002... Canadian Output Up in November Increased synthetic crude output drove Canadian oil production higher in November. Total oil rose by 53,000 b/d to 2.836 million b/d, a monthly high for the year. Conventional crude oil production fell by...

Colombia Steps Up Drive For Security.(Brief Article)
February 4, 2002... Colombia Steps Up Drive For Security Increasingly aware of the importance of a secure environment in attracting foreign capital, the administration of Colombian President Andres Pastrana has launched an all-out military offensive against...

California Adds to Pressure on Fuel Economy.(Brief Article)
February 4, 2002... California Adds to Pressure on Fuel Economy A groundbreaking move last week by California's state assembly to reduce carbon-dioxide emissions from cars and light trucks adds to a confluence of events encouraging efforts in Congress to...

Algerian Minister Kicks Off Gas Forum With Warning to Europe.(Algerian Energy Minister Chakib Khelil)(Brief Article)
February 4, 2002... Algerian Minister Kicks Off Gas Forum With Warning to Europe Five Opec ministers plus at least one senior executive from the world's biggest gas supplier, Russian monopoly Gazprom, were among a strong showing of 13 delegations in Algeria...

Oil Futures Rally, Despite Confusing News on Fundamentals.(Brief Article)
February 4, 2002... Oil Futures Rally, Despite Confusing News on Fundamentals Crude and product futures prices rallied strongly in New York on Friday, allowing the entire energy complex finish the week on a bullish note. Light, sweet March crude gained...

Concerns About Foreign Supplies Help Put Floor Under Prices.(Brief Article)
February 4, 2002... Concerns About Foreign Supplies Help Put Floor Under Prices For US Spot Crudes Market perceptions that foreign barrels were drying up kept local US grades robust last week, especially sour crudes. In particular, volatility in Iraqi oil...

US Dependence on Gulf Oil Growing, After Earlier Declines.(Brief Article)
February 4, 2002... US Dependence on Gulf Oil Growing, After Earlier Declines The long-term decline in US dependence on oil from Opec producers has been arrested in recent years, with reliance on the Mideast Gulf, particularly Saudi Arabia, expanding steadily...

US Refiners Get Discount on Saudi Sales, In Face of Strong.(Brief Article)
February 4, 2002... US Refiners Get Discount on Saudi Sales, In Face of Strong Competition For Market US refiners have been buying Saudi Arabian crude at a lower price than their colleagues in Europe and Asia, as strong market competition and sluggish demand...

Cheney Under More Pressure.(Vice President Dick Cheney 's energy task force)(Brief Article)
February 4, 2002... Cheney Under More Pressure Vice President Dick Cheney 's energy task force is coming under pressure. A federal judge ordered it to explain the constitutional argument behind its refusal to release details of its meetings, a group suing...

Gas Market Remains Bearish; Bulls Pin Hopes on Production.(Brief Article)(Statistical Data Included)
February 4, 2002... Gas Market Remains Bearish; Bulls Pin Hopes on Production Drop The natural gas market is heading into the homestretch of winter with heaps of working gas in storage, weak prices for competing fuels, plentiful hydropower, and a tottering...

Congress Set For Spate of Enron Hearings.(Brief Article)
February 4, 2002... Congress Set For Spate of Enron Hearings Congressional committees this week will be presented with a parade of former top executives from Enron, including former Chairman Kenneth Lay and former CEO Jeff Skilling, as they strive to ferret...

Baker Hughes Rig Count.(Brief Article)(Statistical Data Included)
February 4, 2002... Baker Hughes Rig Count Week Ended Feb. 1 Rotary Rigs Current Previous Year Week Week Ago Total US 853 859 1,138 Land ...

Stock Market Scorecard.(Brief Article)(Statistical Data Included)
February 4, 2002... Stock Market Scorecard Integrated Close 1-Day. % Chg. Majors Feb 01 Chg. % Chg. 10-Day 52-Wk YTD Amerada Hess 62.60 +1.24 +2.02 +6.75 ...

Daily Oil & Gas Price Review.(Brief Article)(Statistical Data Included)
February 4, 2002... Daily Oil & Gas Price Review Prices for Friday, February 1, 2002 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg. Month...

EPA Releases Report.(Brief Article)
February 4, 2002... EPA Releases Report EPA Releases Report The Environmental Protection Agency (EPA) on Friday released enforcement and compliance assurance results of 2001, which included $4.3 billion in expenditures from companies violating pollution...

Pace Workers Accept Contract.(Paper, Allied-Industrial, Chemical, and Energy Workers International Union, deal with Shell Oil)(Brief Article)
February 4, 2002... Pace Workers Accept Contract The Paper, Allied-Industrial, Chemical, and Energy Workers (Pace) International Union has accepted an offer from Shell Oil and its affiliated companies that establishes the minimum settlement on issues covered...

Blast Hits Kuwait Output.(Brief Article)
February 4, 2002... Blast Hits Kuwait Output Mideast Gulf producer Kuwait halted a third of its crude production on Friday after a huge explosion at an oil and gas facility that killed four people and injured 19. The blast at the northern Raudhatain...

Marathon Raises 2002 Budget.(also Transcontinental Gas Pipe Line Corp. settlement with EPA)(Brief Article)(Statistical Data Included)
February 4, 2002... Marathon Raises 2002 Budget Marathon Oil said it had approved a 3% increase in its 2002 capital budget, to $1.8 billion from $1.73 billion in 2001. The Houston, Texas-based company said it would spend $607 million on existing assets...

Iran Eyes Euro Gas Sales.(Brief Article)
February 4, 2002... Iran Eyes Euro Gas Sales Iran discussed the issue of gas exports to Europe during a ministerial level visit to Greece last week, Iranian Oil Minister Bijan Zanganeh said Friday. " We discussed this issue," Zanganeh told reporters...

Bidding Begins for Dabhol Stake.(Brief Article)
February 4, 2002... Bidding Begins for Dabhol Stake The Industrial Development Bank of India (IDBI) said Friday it has received three bids for the stake held by foreign shareholders in Enron 's $2.9 billion Dabhol power project - - and that the number could...

BP Switches Employee Funds.(Brief Article)
February 4, 2002... BP Switches Employee Funds Oil major BP is switching $970 million of US employee savings away from a UBS-owned fund that was hit by exposure to collapsed energy firm Enron 's debt, sources said Friday. Through their 401(k) money market...

Argentine Profits to Fall.(Perez Companc)(Brief Article)(Statistical Data Included)
February 4, 2002... Argentine Profits to FallPage = Argentine Perez Companc (Pecom Energia) is expected to see fourth-quarter earnings drop by just over 27% from the same period a year previously, due mainly to its home country's dramatic economic collapse,...

Bush Budget Unveiled Today.(Brief Article)
February 4, 2002... Bush Budget Unveiled Today The Bush administration 's fiscal 2003 budget to be unveiled today will likely keep the funding levels of federal agencies that oversee the oil and gas industry flat or down, sources say. A key component will...

Senator to Moderate Energy Talk.(Frank Murkowski)(Brief Article)
February 4, 2002... Senator to Moderate Energy Talk Representatives from Alaska 's North Slope Gas Producers, natural gas transmission companies, and Alaskan state officials will gather in Washington, D.C. today to discuss the future of an Alaskan gas line...

Nansen Field Gets Going.(Kerr-McGee field in Gulf of Mexico)(Brief Article)
February 4, 2002... Nansen Field Gets Going Kerr-McGee started production at its Gulf of Mexico Nansen field on Jan. 28. The first of three production wells was tied into the Kerr-McGee Global Producer V, the world 's first truss-spar production platform, in...

Alaskan Output Falls Slightly.(Brief Article)(Statistical Data Included)
February 4, 2002... Alaskan Output Falls Slightly Alaskan production in January fell by a modest 15,000 b/d from December, but was 42,000 b/d higher than a year earlier, due to the contribution from two new fields, Alpine and Northstar and three smaller...

Mexico Readies for Cut, with Rise.(production)(Brief Article)(Statistical Data Included)
February 4, 2002... Mexico Readies for Cut, with Rise Mexican production jumped by over 100,000 b/d to 3.274 million b/d in December, even as Mexico prepared to institute supportive cuts from Jan. 1. The increase in production was almost exclusively in...

Ameren Exec Resigns.(James Whitesides )(Brief Article)
February 4, 2002... Ameren Exec Resigns Midwestern energy merchant Ameren said James Whitesides has resigned as president of AmerenEnergy, its trading and marketing subsidiary. According to a company spokesman, Whitesides left for " personal reasons." ...

Congress Moves To Haul in Lay After Damning Enron Report.(Brief Article)
February 5, 2002... Congress Moves To Haul in Lay After Damning Enron Report After "damning information" of top brass being derelict in overseeing questionable transactions of bankrupt Enron was revealed in an internal company report, Congress on Monday moved...

Bush Tables $21.9 Bln Energy Budget.(Brief Article)
February 5, 2002... Bush Tables $21.9 Bln Energy Budget The Bush Administration on Monday released its budget requests for the fiscal year 2003 (FY '03) with the promise of more money to boost energy efficiency and renewable resources, build more nuclear...

UK Pushes UN to Put Iraqi Crude Exports To Asia on.(Brief Article)
February 5, 2002... UK Pushes UN to Put Iraqi Crude Exports To Asia on Retroactive Pricing System With the number of cargoes going east increasing rapidly, the UK has been pushing the United Nations to subject Iraqi crude exports to Asia to a system of...

Nymex Crude Dips in Market Correction to Rally Late Last.(Brief Article)
February 5, 2002... Nymex Crude Dips in Market Correction to Rally Late Last Week The energy complex finished lower in New York on Monday, reversing gains made at the end of last week when fears of supply shortfalls drove prices higher. Light, sweet March...

Majors outshine indies in January share performance.(Brief Article)
February 5, 2002... Majors outshine indies in January share performance Oil equities languished alongside a sluggish broader market in January, with analysts and investors expressing concern over Opec compliance rates, the slowdown in the global economy, and a...

Earnings Weigh Heavy on Week's Share Performances.(Brief Article)
February 5, 2002... Earnings Weigh Heavy on Week's Share Performances For the second consecutive week, the release of quarterly and yearly earnings dominated the weekly list of biggest gainers and decliners, as complied by John S. Herold. Oil & Gas Share...

Daily Oil & Gas Price Review.
February 5, 2002... Daily Oil & Gas Price Review Prices for Monday, February 4, 2002 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg. Month...

Oil Daily Calendar.(Brief Article)
February 5, 2002... Oil Daily Calendar Oil Daily Calendar February 4-7 -- 5th Annual Saudi International Oil, Gas, Petrochemical, & Power Exhibition, organized by ITE, International Exhibition Center, Dhahran, Saudi Arabia. Information: (44) 20 7596...

Stock Market Scorecard.(Brief Article)
February 5, 2002... Stock Market Scorecard Integrated Close 1-Day. % Chg. Majors Feb 04 Chg. % Chg. 10-Day 52-Wk YTD Shell T & T 41.15 -0.20 -0.48 +5.16 ...

Earnings, Dividends.(Brief Article)
February 5, 2002... Earnings, Dividends Earnings Announcements... For Year Ended 12/31/2001 Current Prior Company Ticker Exch Qtr Income $EPS Income $EPS Anadarko Petroleum Corp. APC NYSE Y -$188,000,000 -$0.75...

Williams Moves To Calm Investors.(Brief Article)
February 5, 2002... Williams Moves To Calm Investors Williams plans to sell its Midwest petroleum products pipeline and on-system terminals and expand its asset sale program in a bid to reassure investors and credit rating agencies. The company's credit...

Occidental Swings Into Loss.(Brief Article)
February 5, 2002... Occidental Swings Into Loss Occidental Petroleum swung into a fourth-quarter loss on the back of the sharp drop in oil and gas prices. The $247 million (66[cent]/share) loss was in sharp contrast with the year- earlier profit of $333...

CMS Energy Posts 4Q Loss.(Brief Article)
February 5, 2002... CMS Energy Posts 4Q Loss CMS Energy on Monday reported a fourth-quarter loss as higher power costs, warmer-than-normal weather and the weak economy took their toll on demand. CMS reported a loss from operations of $17 million...

Swift Plans NZ Rimu Development.(Brief Article)
February 5, 2002... Swift Plans NZ Rimu Development Texas-based Swift Energy said Tuesday it planned to spend around $80 million developing its Rimu discovery in New Zealand's Taranaki basin after being awarded a petroleum- mining permit. "The company...

India Plans Crude Reserve.(Brief Article)
February 5, 2002... India Plans Crude Reserve India plans to build up a 110-million-bbl strategic crude reserve over the next five years, according to a government report obtained by Reuters on Monday. The new reserve, equivalent to 45 days of demand in...

Fay to Help With Pollution Trade.(Brief Article)
February 5, 2002... Fay to Help With Pollution Trade The UK has appointed a former Shell UK head Chris Fay to promote its upcoming pollution trading scheme to businesses. Some 46 businesses, including such blue-chips likes Barclays Bank, British Airways,...

OPIC Finances Indonesian Projects.(Overseas Private Investment Corp.)(Brief Article)
February 5, 2002... OPIC Finances Indonesian Projects The Overseas Private Investment Corp. (OPIC) said Monday it will provide up to $350 million for two offshore oil and natural gas projects in Indonesia. Co-sponsored by Unocal, the projects are expected...

Enbridge Buys Texas Pipeline.(from Sulphur River Gathering)(Brief Article)
February 5, 2002... Enbridge Buys Texas Pipeline Pipeline and utility firm Enbridge said Monday it was buying northeastern Texas natural gas gathering and processing assets from Sulphur River Gathering for $178 million, its latest in a string of acquisitions...

More Alaskan Acreage on Offer.(Brief Article)
February 5, 2002... More Alaskan Acreage on Offer Alaska has released a five-year oil and gas leasing program that officials said expands drilling opportunities in response to industry desires for more exploratory acreage. The state Division of Oil and...

Saudis Hike Prices For US, Cut For Europe.(Brief Article)
February 5, 2002... Saudis Hike Prices For US, Cut For Europe Saudi Arabia hiked its prices for crudes bound for the US and Asia in March, but slashed prices for crudes heading to Europe. For the US market, differentials to the benchmark West Texas...

Russian January Exports Steady.(Brief Article)
February 5, 2002... Russian January Exports Steady Russia appears to be making a real effort to curb exports in line with its promise to join Opec attempts to shore up oil prices, according to January supply data which showed shipments relatively unchanged...

Martimes Seeks Bigger Gas Line.(Brief Article)
February 5, 2002... Martimes Seeks Bigger Gas Line Maritimes & Northeast Pipeline said Monday it has applied to the Federal Energy Regulatory Commission (FERC) to further expand its natural gas pipeline system to the US Northeast. The $250 million...

State Equity In Alaska Line Unlikely.(Brief Article)
February 5, 2002... State Equity In Alaska Line Unlikely Alaska would gain little and risk much if the state were to assume part ownership of a proposed pipeline to ship natural gas from the North Slope to the lower 48 states, according to a report issued by...

Pace Union, Firms Continue Talks.(Brief Article)
February 5, 2002... Pace Union, Firms Continue Talks A national oil workers' union was to resume pay talks Monday with several oil companies in northern California after appearing to have narrowed their differences over the weekend, a union official said. ...

Cabot Names Regional Manager.(Cabot Oil & Gas named Thomas S. Libertore eastern regional manager)(Brief Article)
February 5, 2002... Cabot Names Regional Manager Cabot Oil & Gas announced that Thomas S. Liberatore has been appointed to the position of regional manager, east. In this capacity, Liberatore will oversee exploration and production activities in the company's...

Duke Unveils Personnel Changes.(Duke Energy Field Services)(Brief Article)
February 5, 2002... Duke Unveils Personnel Changes Duke Energy Field Services (DEFS) announced the elections of Rose M. Robeson as vice president/chief financial officer and Brent L. Backes as vice president, general counsel, and secretary. Their new positions...

PDV Sued For Cutting Supplies After OPEC Deal.(Petroleos de Venezuela)(Brief Article)
February 6, 2002... PDV Sued For Cutting Supplies After OPEC Deal A suit brought by a US-based refinery venture against Venezuelan state oil company Petroleos de Venezuela (PDV) for $90 million in damages for cutting back its crude supply to meet Opec...

Tesoro Snaps Up Valero's Golden Eagle in Third Refinery Buy.(Brief Article)(Statistical Data Included)
February 6, 2002... Tesoro Snaps Up Valero's Golden Eagle in Third Refinery Buy in Six Months Tesoro, the rapidly growing Texas-based refiner, has snared Valero's 168,000 barrels per day Golden Eagle refinery in California for just over $1 billion in the...

Hectic Backstage Posturing Underway Ahead of Energy Bill.(Brief Article)
February 6, 2002... Hectic Backstage Posturing Underway Ahead of Energy Bill Debate in Senate Behind-the-scenes posturing on key issues impacting the oil industry, including the Alaska natural gas pipeline, the fuels mandate, and the fuel economy standards...

Nymex Futures Rangebound Ahead of U.S. Stock Data.(New York Mercantile Exchange)(Brief Article)(Statistical Data Included)
February 6, 2002... Nymex Futures Rangebound Ahead of U.S. Stock Data Crude futures in New York moved sideways in sluggish trade Tuesday, ahead of the release of weekly inventory data by the American Petroleum Institute (API). Light, sweet March crude on...

Lay Severs Last Tie With Enron But Congress Still Wants A.(Congress subpoenas Kenneth Lay)(Brief Article)
February 6, 2002... Lay Severs Last Tie With Enron But Congress Still Wants A Word With Him Kenneth Lay severed his last tie with Enron late Monday when he resigned from the bankrupt energy trading company's board of directors. But his role in the Enron...