The Oil Daily articles from January 2002

The Oil Daily archives from January 2002

Argentine Crisis Rattles Spanish Investors.(Adolfo Rodriguez Saa resigns)(Government Activity)(International Pages)(Brief Article)
January 2, 2002... Argentine Crisis Rattles Spanish Investors Argentina has plunged deeper into uncertainty, after the embattled interim presidency of Adolfo Rodriguez Saa -- supposedly a three-month affair -- lasted barely a week. Rodriguez Saa quit as...

Nigeria Under Pressure to Curb Output.(OPEC seeks cuts in crude oil production)(Brief Article)(Statistical Data Included)
January 2, 2002... Nigeria Under Pressure to Curb Output Nigerian presidential adviser Rilwanu Lukman has assumed the rotating presidency of Opec days after the organization accused his country of cheating by more than 300,000 barrels per day on its Sep. 1...

Weighing Up Policy on Iraq, US Looks Increasingly Hawkish.(Brief Article)
January 2, 2002... Weighing Up Policy on Iraq, US Looks Increasingly Hawkish There are growing international concerns that the US may unilaterally decide to attack Iraq as a next target in its war against terrorism. UK Foreign Office minister Peter Hain...

Energy Futures Prices Lose Ground Despite Opec Output Cut.(Brief Article)(Statistical Data Included)
January 2, 2002... Energy Futures Prices Lose Ground Despite Opec Output Cut The entire energy complex in New York traded lower in a shortened session Monday, which was characterized by thin trading ahead of the New Year's Day public holiday. Light,...

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

Stock Market Scorecard.(petroleum industry stock price movements)(Brief Article)(Statistical Data Included)
January 2, 2002... Stock Market Scorecard Integrated Close 1-Day. % Chg. Majors Dec 31 Chg. % Chg. 10-Day 52-Wk YTD Total Fina Elf 70.24 -0.10 -0.14 +4.52 ...

Great Plains Units File Bankruptcy.(Great Plains Energy's telecommunications units restructuring plan)(Brief Article)
January 2, 2002... Great Plains Units File Bankruptcy Great Plains Energy on Monday said two of its telecommunications units would file for Chapter 11 bankruptcy protection in a restructuring that would eliminate $300 million in debt and narrow the units'...

Judge OKs Enron Asset Sales.(American Electric Power acquires Indian Mesa Wind Power Project)(Brief Article)
January 2, 2002... Judge OKs Enron Asset Sales A judge Friday approved Enron's $310 million sale of two assets, as the humbled energy-trading giant seeks to reorganize within Chapter 11 bankruptcy protection. American Electric Power (AEP) said Monday it...

Koch Petroleum to Restructure.(Koch Petroleum Group restructures oil and petrochemical units)(Brief Article)
January 2, 2002... Koch Petroleum to Restructure Privately held Koch Petroleum Group is restructuring its oil and petrochemical business, effective Jan. 1. Koch Petroleum is to split its up in Flint Hills Resources and Koch Supply & Trading. Both...

Mixed Results for Aussie Drilling.(Offshore Perth Basin exploration)(International Pages)(Brief Article)
January 2, 2002... Mixed Results for Aussie Drilling Exploration activity in Australia has yielded a 'yes', a 'no', and a 'maybe' in three recent wells. Local company Roc Oil encountered a 15-foot oil zone in its Cliff's Head exploration well in the...

Sinopec Cuts Investment.(China Petrochemical Corp. capital spending plans)(Brief Article)
January 2, 2002... Sinopec Cuts Investment Oil giant China Petrochemical Corp. (Sinopec) will cut capital expenditure for 2002 by 21.6% to $4.17 billion from $5.3 billion in 2001, a company official said Monday. The company official attributed the cut to...

BP to Start Orion Field in March.(British Petroleum field in the Gulf of Mexico)(Brief Article)
January 2, 2002... BP to Start Orion Field in March BP is expanding compression capacity at its Amberjack platform on Mississippi Canyon Block 110 in the US Gulf of Mexico to allow a tie-in of the three-well Orion field, according to industry newsletter...

Record Output at Brazil Field.(Petrobras Marlim Sul oil field)(Brief Article)(Statistical Data Included)
January 2, 2002... Record Output at Brazil Field Brazil's state-controlled Petrobras achieved a new production record last week with output of 1.568 million b/d. The Marlim Sul field hit 78,000 b/d in only its 12th day of operation, with one well -- MLS-42...

Mexican Exports Down.(crude oil exports)(Brief Article)(Statistical Data Included)
January 2, 2002... Mexican Exports Down Mexico's exports of crude oil dropped by 3%, or 52,000 b/d, in November to 1.682 million b/d, from a spike in October of 1.734 million b/d, even as production rose, according to state Pemex. Taken together with a drop...

Nymex Speculators Cut Net Shorts.(Gasoline, heating oil speculators)(Brief Article)(Statistical Data Included)
January 2, 2002... Nymex Speculators Cut Net Shorts Heating oil speculators on the New York Mercantile Exchange (Nymex) continued to decrease net short positions during the week ended Dec. 21, while crude oil and gasoline speculators maintained theirs...

FPSOs Get Green Light in Gulf of Mexico.(floating production, storage, and offloading vessels)(Brief Article)
January 3, 2002... FPSOs Get Green Light in Gulf of Mexico The US Minerals Management Service (MMS) on Wednesday essentially approved the use of floating production, storage, and offloading (FPSO) vessels in the Gulf of Mexico on a case-by-case basis,...

Mexican Budget Offers Little to Pemex.(remains important finance source for Mexican government)(Brief Article)
January 3, 2002... Mexican Budget Offers Little to Pemex Mexico's legislature, battling past a midnight, New Year's deadline, managed to pass a 2002 budget that could raise more than $7 billion in new taxes for the treasury. But that is far less than the...

Opec, Non-Opec Launch Official Output Cuts in Skeptical.(Brief Article)(Statistical Data Included)
January 3, 2002... Opec, Non-Opec Launch Official Output Cuts in Skeptical Market The output pact between Opec and non-Opec had been preceded by a near-deafening crescendo on the producer group's propaganda drums, so that few traders had any doubts about what...

Oil Markets Bounce on US Cold Weather, News of Saudi Cut.(Brief Article)
January 3, 2002... Oil Markets Bounce on US Cold Weather, News of Saudi Cut Crude oil futures rose by more than $1 in New York on Wednesday, ahead of the delayed release of weekly inventory data from the American Petroleum Institute (API). Light, sweet...

US Jet Fuel Demand Won't Recover Until Midyear, Agency Says.(Report of the Air Transport Association)(Brief Article)(Statistical Data Included)
January 3, 2002... US Jet Fuel Demand Won't Recover Until Midyear, Agency Says With the latest available data still showing the US airline industry reeling from the attacks of Sep. 11, the Air Transport Association (ATA) does not expect to see a return to...

Argentina Gets Another New President, as Crisis Continues.(Eduardo Duhalde named president as economic crises evolves)(Brief Article)
January 3, 2002... Argentina Gets Another New President, as Crisis Continues On Tuesday night, Eduardo Duhalde, a Peronist, became the fifth Argentine president in less than two weeks, as the country's deep economic and political crisis continued to rattle...

New Fields, Weather Buoy Alaskan Oil Output.(Brief Article)(Statistical Data Included)
January 3, 2002... New Fields, Weather Buoy Alaskan Oil Output Alaskan oil production finished last year at a high point, with December output increasing by 34,000 barrels per day from November levels to 1.115 million b/d -- the highest monthly average...

Mirant Pulls Out of Puerto Rico Venture, in Apparent Move.(Brief Article)
January 3, 2002... Mirant Pulls Out of Puerto Rico Venture, in Apparent Move to Preserve Capital Mirant is withdrawing from at least half of its commitment to purchase the EcoElectrica liquefied natural gas (LNG) import terminal and power plant in Puerto...

Texas Engineer Murray Made Ending Gas Flaring His Life.(William Murray )
January 3, 2002... Texas Engineer Murray Made Ending Gas Flaring His Life Cause A few years ago, legendary Texas oil and gas executive Oscar Wyatt encountered former Texas Railroad Commissioner William Murray at a dinner in Austin, where Murray was being...

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

Heating Degree Days.(U.S. heating usage statistics)(Brief Article)(Statistical Data Included)
January 3, 2002... Heating Degree Days Heating Degree Days For week of Week Dev Cum Dev December 29, 2001 From From From Week From ...

Stock Market Scorecard.(petroleum industry stock price movements)(Brief Article)(Statistical Data Included)
January 3, 2002... Stock Market Scorecard Stock Market Scorecard Integrated Close 1-Day. % Chg. Majors Jan 02 Chg. % Chg. 10-Day 52-Wk YTD Conoco 28.90 ...

USX Spinoff Finalized.(Marathon Oil Corp. is now a public standalone company)(Brief Article)
January 3, 2002... USX Spinoff Finalized Marathon Oil Corp. began trading Wednesday as a standalone company following final action by parent USX Corp. to separate the Marathon Group and the US Steel Group into two independent companies. The USX-Marathon...

Valero Completes UDS Deal.(takeover of Ultramar Diamond Shamrock)(Brief Article)
January 3, 2002... Valero Completes UDS Deal Valero Energy has completed its takeover of Ultramar Diamond Shamrock, creating one of the US' largest oil refiners. The merger of the San Antonio-based companies, which will use the Valero name, was closed...

PanCanadian Amalgamated.(PanCanadian Energy and PanCanadian Petroleum)(Brief Article)
January 3, 2002... PanCanadian Amalgamated PanCanadian Energy said Wednesday that, effective Jan. 1, PanCanadian Energy and PanCanadian Petroleum had amalgamated and would continue as one entity known as PanCanadian Energy. The amalgamation was...

Genesis Says Pact Terminated.(Genesis Energy)(Brief Article)
January 3, 2002... Genesis Says Pact Terminated Genesis Energy, an oil marketer and transporter, said on Wednesday that an agreement to transfer ownership of its general partner from Salomon Smith Barney to GA Partnership was terminated. "Termination of...

California Promotes Clean Fuels.(California Energy Commission to finance alternative fuel research)(Brief Article)
January 3, 2002... California Promotes Clean Fuels In an effort to displace petroleum-based motor fuels, California is offering grants totaling $2.3 million to 10 projects that encourage alternative fuels, including natural gas. The grants, provided by...

Indian Crude Output Rises.(crude oil production)(Brief Article)(Statistical Data Included)
January 3, 2002... Indian Crude Output Rises The Indian Petroleum Ministry reported an increase in crude oil production for November, compared with both October and November 2000. Total crude output of 663,000 b/d exceeded plans by 26,500 b/d, primarily...

Polish Firm Signs Contracts.(PKN Orlen)(Brief Article)
January 3, 2002... Polish Firm Signs Contracts Poland's PKN Orlen, central Europe's largest downstream oil group, said Wednesday it had signed three annual contracts for the sale of gasoline and diesel at a combined value of $883 million. The company...

ENI Starts Nigerian Field.(Brief Article)
January 3, 2002... ENI Starts Nigerian Field As the Nigerian government comes under the spotlight from Opec for its quota violations, Italian ENI started up its Nigerian Okono field this week in OML 119, with the commissioning of the Jamestown floating,...

Chevron Makes PNG Find.(Chevron Niugini)(Brief Article)
January 3, 2002... Chevron Makes PNG Find Chevron Texaco's subsidiary in Papua New Guinea, Chevron Niugini, and partner Australian junior Oil Search have found evidence of hydrocarbons in the Saunders -1X well southeast of the SE Gobe field in the southern...

OMV Starts Pakistan Field.(Brief Article)
January 3, 2002... OMV Starts Pakistan Field Austrian oil company OMV announced that it had started up the Miano gas field in Pakistan in late December. The field, which was set to produce in October, but OMV evacuated all of its personnel from Pakistan...

CLH Sells Petronor Equity.(Brief Article)(Statistical Data Included)
January 3, 2002... CLH Sells Petronor Equity Spanish oil products distributor Compania Logista de Hidrocarburos (CLH) said Wednesday it sold 3% of its Petronor unit to savings bank Bilbao Bizkaia Kutxa for $47.3 million (52.5 million) and will use the cash...

Brazil Gets New Oil Chiefs.(New heads for the National Petroleum Agency and Petrobras)
January 3, 2002... Brazil Gets New Oil Chiefs New bosses took the reins at Brazil's regulatory National Petroleum Agency (ANP) and state oil giant Petrobras on Wednesday, the first business day after Latin America's largest country freed fuel prices, opening...

Ecuador Hikes Fuel Prices.(Brief Article)
January 3, 2002... Ecuador Hikes Fuel Prices Ecuador's government implemented an increase in fuel prices late last week, state run oil company Petroecuador reported. The increase of 10[cent] per gallon at gasoline terminals -- about a 10% hike -- is in...

Japan May Win Mexican Rights.(Brief Article)
January 3, 2002... Japan May Win Mexican Rights Japan National Oil Corp. (JNOC) has won exclusive exploration rights in Mexico's rich coastal Chicontepec oil field, with an announcement due to be made this month, according to Tokyo's Yomiuri newspaper. ...

Enron Faces New Probe.(By theSenate Governmental Affairs Committee's permanent subcommittee on investigations)(Brief Article)
January 3, 2002... Enron Faces New Probe Fallen energy giant Enron faces further scrutiny on Capitol Hill with another committee announcing Wednesday it would probe the company's collapse, possibly looking at connections between Enron and the White House....

Shell Buys Sunoco Plant.(Brief Article)
January 3, 2002... Shell Buys Sunoco Plant Sunoco said Wednesday that it completed the sale of the 35,000 b/d Yabucoa, Puerto Rico refinery to Shell Chemical Yabucoa, an affiliate of Shell Chemical, on Dec. 31, 2001. Financial terms of the transaction were...

Pertamina, El Paso Ink Deal.(The companies will develop natural gas and LNG projects)(Brief Article)
January 3, 2002... Pertamina, El Paso Ink Deal Indonesian state oil company Pertamina and US El Paso said Wednesday that they have signed a memorandum of understanding (MOU) to "explore potential opportunities" to develop natural gas and liquefied natural...

Chevron, Devon Plan Cortes Well.(In the Gulf of Mexico)
January 3, 2002... Chevron, Devon Plan Cortes Well Chevron Texaco and Devon Energy announced they would spud the first well on the western Gulf of Mexico Cortes prospect by mid-year. Original plans to begin drilling in 2001 fell victim to the diversion of...

Williams Buys NGL Pipeline.(Brief Article)
January 3, 2002... Williams Buys NGL Pipeline Williams Energy Partners purchased a natural gas liquids pipeline from Aux Sable Liquid Products for $8.9 million. The transaction is expected to be 2[cent] to 3[cent]/unit accretive to cash flow on an annualized...

Sutton Joins Kerr-McGee Board.(Nicholas J. Sutton)(Brief Article)
January 3, 2002... Sutton Joins Kerr-McGee Board Nicholas J. Sutton, former chairman and chief executive officer of HS Resources, which was acquired by Kerr-McGee in 2001, has been elected to the Kerr-McGee board of directors, effective Jan. 1, 2002. ...

Oil Equities Poised For a Difficult Year.(Brief Article)
January 4, 2002... Oil Equities Poised For a Difficult Year It was not a banner year for oil and gas equities in 2001, but most managed to outperform the broader market. Looking forward to this year, many analysts are skeptical that oil and gas stocks will be...

Shell Strikes Deal For LNG Import Capacity.(Brief Article)
January 4, 2002... Shell Strikes Deal For LNG Import Capacity Natural gas prices are well off their year-ago highs, but access to the US' limited liquefied natural gas (LNG) import capacity remains a hot commodity -- as Shell Gas & Power demonstrated...

Industry to Seek Congressional Help on Drilling Technique.(Brief Article)
January 4, 2002... Industry to Seek Congressional Help on Drilling Technique A recent US appeals court decision on hydraulic fracturing - - a drilling technique used in nearly 25,000 oil and gas wells -- that offered no clear winner is again prompting the oil...

Nymex Crude Futures Lose Some Ground, Overtaken by Brent.(New York Mercantile Exchange)(Brief Article)(Statistical Data Included)
January 4, 2002... Nymex Crude Futures Lose Some Ground, Overtaken by Brent Crude futures took losses in both New York and London on Thursday, ahead of the delayed release of weekly inventory data from the US Energy Information Administration (EIA). ...

Canada Advances With Power Deregulation, Despite Controversies.(Ontario to open electricity market to retail competition on May 1)(Brief Article)
January 4, 2002... Canada Advances With Power Deregulation, Despite Controversies Despite problems with electricity deregulation in California and resulting delays and hesitation across the US, Canada is moving forward with its own unbundling efforts. ...

Nabors Moves its Official Home to Bermuda, for Reasons of.(Nabors Industries Inc. moves to avoid tax exposure)(Brief Article)
January 4, 2002... Nabors Moves its Official Home to Bermuda, for Reasons of Tax, Overseas Exposure Rig contractor Nabors Industries has unveiled plans for a corporate restructuring that will include moving its site of incorporation from Delaware to Bermuda,...

World Depends on Giant Oil Fields -- But Needs More Data,.(World's Giant Oil Fields study)(Brief Article)
January 4, 2002... World Depends on Giant Oil Fields -- But Needs More Data, Analyst Says The world is highly dependent for its crude oil upon a few very large and very old oil fields. It is estimated that nearly half of the world's crude oil output, or...

Norwegian Explorers Hope for Luck After Disappointing Year.(country found less gas than it produced in 2001)(Brief Article)(Statistical Data Included)
January 4, 2002... Norwegian Explorers Hope for Luck After Disappointing Year For the first time, Norway found less gas than it produced in 2001, according to data soon to be released by the Norwegian Petroleum Directorate. Gas reserves have piled up for...

Coastal's Wyatt Carved Role as First Independent Gas.(Oscar Wyatt creates Coast Corp., a leading natural gas company)
January 4, 2002... Coastal's Wyatt Carved Role as First Independent Gas Marketer Oscar Wyatt didn't intend to go into the natural gas business after graduating from Texas A&M University in 1949. He was going to be an oilman. In fact, he named his first...

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

AGA Gas Storage Report.(American Gas Association)(Brief Article)(Statistical Data Included)
January 4, 2002... AGA Gas Storage Report Stocks of working natural gas in US storage facilities fell by 124 Bcf for the week ended Dec. 28, leaving storage levels at 2,856 Bcf, or 87% full, according to the American Gas Association (AGA). The injection...

Stock Market Scorecard.(Brief Article)(Statistical Data Included)
January 4, 2002... Stock Market Scorecard Stock Market Scorecard Integrated Close 1-Day. % Chg. Majors Jan 03 Chg. % Chg. 10-Day 52-Wk YTD Total Fina Elf 71.27 ...

BP Rated High for Governance.(British Petroleum Company PLC)(Brief Article)
January 4, 2002... BP Rated High for Governance Credit rating agency Standard & Poor's has awarded a top score for corporate governance to UK oil major BP. Standard & Poor's on Wednesday assigned a corporate governance score of CGS-9.6 to BP, saying this...

Canadian Rig Count Drops.(Brief Article)(Statistical Data Included)
January 4, 2002... Canadian Rig Count Drops The number of rigs drilling for oil and gas in Canada fell by 29 for the week ended Jan.2, the Canadian Association of Oilwell Drilling Contractors reported. A total of 341 rigs out of 659 available -- or 52%...

Exxon Starts UK Skene Field.(in North Sea)(Brief Article)
January 4, 2002... Exxon Starts UK Skene Field Exxon Mobil started up its Skene gas condensate field in the Beryl area of the UK North Sea yesterday. Gas production is targeted to reach 180 MMcf/d and will be processed on the Beryl A platform for export to...

Creditors Support Kvaerner Plan.(Brief Article)
January 4, 2002... Creditors Support Kvaerner Plan Anglo-Norwegian Kvaerner said Thursday that it had the necessary backing from creditors to carry out a refinancing plan to rescue the company from a threatened bankruptcy. The sprawling construction and...

Yukos Eyes Azeri Pipeline.(Brief Article)
January 4, 2002... Yukos Eyes Azeri Pipeline Following in the footsteps of compatriot Lukoil, Russian oil company Yukos has entered talks with Azeri state oil company Socar on the possible acquisition of a stake in a group to build a 1 million b/d oil...

BP Ups Stakes in Vietnam.(Brief Article)
January 4, 2002... BP Ups Stakes in Vietnam BP said Thursday it had boosted its stakes in two of Vietnam's offshore gas blocks after the transfer of shares previously held by Norway's Statoil. The UK firm said amendments of investment licenses by the...

Pertamina, Riau Ink CPP Deal.(Brief Article)
January 4, 2002... Pertamina, Riau Ink CPP Deal Indonesian state oil company Pertamina has signed a 50/50 share agreement with Riau province for the Coastal Plain Pekanbaru (CPP) oil block, which would take effect from August 2002, Riau province governor...

Venezuelan Reshuffle Was Spoof.(Brief Article)
January 4, 2002... Venezuelan Reshuffle Was Spoof Venezuelan daily El Nacional said that a front-page article it published on Dec. 28 about planned changes at the top of the Venezuelan government -- including shifting the hard- line defense minister to head...

Enron Pipeline Info Sought.(Brief Article)
January 4, 2002... Enron Pipeline Info Sought Bankrupt energy trader Enron's natural gas pipeline system is the focus of the latest US congressional scrutiny. Rep. John Dingell, the top Democrat in the House Energy and Commerce Committee, has asked...

Marathon Completes African Buy.(Brief Article)
January 4, 2002... Marathon Completes African Buy Marathon said Thursday it has completed the acquisition of CMS Energy's interests in Equatorial Guinea in West Africa, for a total cash consideration of $993 million. Through this transaction, Marathon...

Phillips NJ Refinery Shutdown.(after a power outage affected operations at its Bayway oil refinery in Linden)(Brief Article)
January 4, 2002... Phillips NJ Refinery Shutdown Phillips moved to buy gasoline in the New York Harbor cash trading market late Wednesday to cover its customers' needs after a power outage affected operations at its Bayway oil refinery in Linden, N.J,...

Energy Firms Rethink Role in Argentina.(Brief Article)
January 7, 2002... Energy Firms Rethink Role in Argentina Oil companies operating in crisis-gripped Argentina may be forced to slow down their investment plans and revenue expectations, ending a decade-long honeymoon. Energy firms had previously been...

Spotlight Turns to Corporate Governance.(Standard & Poor ratings)(Brief Article)
January 7, 2002... Spotlight Turns to Corporate Governance Report cards for corporate governance at oil and gas companies are starting to be handed out. So far, Big Oil -- led by UK super major BP -- has received high marks. Credit ratings agency...

Enron Turns Pipeline Over to Dynegy; Auction of Trading.(Brief Article)
January 7, 2002... Enron Turns Pipeline Over to Dynegy; Auction of Trading System Due This Week Enron acknowledged the inevitable in at least one of its many legal and financial problems, agreeing late last Thursday to allow Dynegy to complete the...

Crude Futures Jump $1-Plus in Intense Short-Covering Rally.(Brief Article)(Statistical Data Included)
January 7, 2002... Crude Futures Jump $1-Plus in Intense Short-Covering Rally Crude oil futures markets on both sides of the Atlantic let off steam on Friday, with the front-month contracts in New York and London posting gains of more than $1 on intense...

Spot Crudes Strengthen in Bullish Week, Helped by Pipeline.(Brief Article)(Statistical Data Included)
January 7, 2002... Spot Crudes Strengthen in Bullish Week, Helped by Pipeline Problem US domestic sweet and sour grades strengthened last week, with bullish sentiment finding support from cooler weather, a green light to Opec/non-Opec output cuts, and a...

MMS Website Remains Closed by Court Order, But Shadow.(Minerals Management Service)(Brief Article)
January 7, 2002... MMS Website Remains Closed by Court Order, But Shadow Service is Planned Soon After more than a month, the US Minerals Management Service's (MMS) website remains out of action, after a federal court order that barred the Department of the...

Climate Change Emerges as Hot Issue Ahead of Key Bush.(climate change may be addressed in State of the Union address)(Brief Article)
January 7, 2002... Climate Change Emerges as Hot Issue Ahead of Key Bush Speech Climate change is again emerging as a hot button issue as President Bush prepares for his State of the Union address to Congress on Jan. 29. Speculation is rife that the White...

Norway Signals No Objections to Reform of Norsk Hydro.(Brief Article)
January 7, 2002... Norway Signals No Objections to Reform of Norsk Hydro Norsk Hydro, Norway's second-largest oil and gas producer, could face a shake-up, after Oslo indicated on Friday that it would not object to a split of the firm. The state holds a 44%...

Daschle Promotes Energy in Plan.(Tom Daschle)(Brief Article)
January 7, 2002... Daschle Promotes Energy in Plan Senate Majority Leader Tom Daschle (D-S.D.) on Friday outlined a "new growth agenda" for the US economy that promises to steer forward a balanced energy plan. Preparing to take Republicans head on in an...

Natural Gas Market Still Weighed Down by Bearish Factors,.(Brief Article)(Statistical Data Included)
January 7, 2002... Natural Gas Market Still Weighed Down by Bearish Factors, Despite Colder Weather The winter is slowly slipping away from North American natural gas producers and marketers, who have been hoping for a weather-induced price spike to enable...

Daily Oil & Gas Price Review.(Brief Article)(Illustration)(Statistical Data Included)
January 7, 2002... Daily Oil & Gas Price Review Prices for Friday, January 4, 2002 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg. Month Month Nymex...

Canadian Gas Storage.(Brief Article)(Statistical Data Included)
January 7, 2002... Canadian Gas Storage The Canadian Gas Association reported Friday that the amount of natural gas in Canadian storage facilities fell 8.39 Bcf to 460.41 Bcf for the week ended Dec. 28. Storage caverns are 89.6% full, down from 91.2% full a...

Baker Hughes Drilling Report.(Brief Article)(Illustration)(Statistical Data Included)
January 7, 2002... Baker Hughes Drilling Report US Rig Count Falls by Four The number of rigs searching for oil and gas in the US fell by four to 883 for the week ended Jan. 4, according to Baker Hughes. A year ago there were 1,107. The number of...

EIA Weekly Statistics .05% Residual Unfin- .05% Resid .05% Resid.(Energy Information Administration)(Brief Article)(Illustration)(Statistical Data Included)
January 7, 2002... EIA Weekly Statistics Department of Energy Weekly Statistics For Week Ended December 28, 2001 Crude Oil: Stocks Crude Oil: Production and Imports (millions of bbl) ...