The Oil Daily articles from March 2002

The Oil Daily archives from March 2002

DOE Ordered to Hand Over Energy Policy Papers.
March 1, 2002... DOE Ordered to Hand Over Energy Policy Papers In a victory for environmental groups seeking to determine industry executives' influence over the Bush administration, the Department of Energy (DOE) will release documents relating to the...

Marathon Extends Its Presence in Gas Sector.(Statistical Data Included)
March 1, 2002... Marathon Extends Its Presence in Gas Sector Marathon Oil on Thursday further positioned itself as an integrated gas company as it announced plans to build a $900 million regasification plant for imported liquefied natural gas (LNG) in...

Premcor Shuts Another Illlinois Refinery.(Brief Article)
March 1, 2002... Premcor Shuts Another Illlinois Refinery New Premcor chief Tom O'Malley wasted no time in making his mark on the small refining outfit, when he announced Thursday the closure of the 70,000 barrel-per-day Hartford, Illinois, refinery...

Iraq Snares Bigger US Market Share as Battle Drums Beat.(Brief Article)(Statistical Data Included)
March 1, 2002... Iraq Snares Bigger US Market Share as Battle Drums Beat Louder Oil market jitters every time another report surfaces detailing an imminent US strike on Iraq underline the increasing importance of Iraqi crude supplies to US consumers,...

Nymex Crude Regains Ground Ahead of Opec Meetings With Russians.(Brief Article)(Statistical Data Included)
March 1, 2002... Nymex Crude Regains Ground Ahead of Opec Meetings With Russians Crude futures made gains in both New York and London on Thursday, as Opec delegates prepared for a series of meetings in Russia in an effort to win support from the major...

Frustrated EPA Official Quits Over Reforms.
March 1, 2002... Frustrated EPA Official Quits Over Reforms The resignation of a top US environmental enforcement official on Thursday after he expressed frustration about what he saw as a move to weaken air pollution rules and enforcement, caused major...

Canadian Oil, Gas Stocks Hit Record Highs as Confidence Returns, Takeovers Continue.(Brief Article)(Statistical Data Included)
March 1, 2002... Canadian Oil, Gas Stocks Hit Record Highs as Confidence Returns, Takeovers Continue Canadian investors are showing a strong appetite for oil and gas equities, despite generally slack commodity prices. The trend is fueled partly by...

Opec Convoy Underlines Russian Importance.(Brief Article)
March 1, 2002... Opec Convoy Underlines Russian Importance A convoy of Opec representatives is headed to Moscow this month, underlining how desperately the 11-nation producers' group wants Moscow's continued support for its output restraints. With...

UBS Warburg Says It Has Retained Most of Enron Traders It Wanted.(Brief Article)
March 1, 2002... UBS Warburg Says It Has Retained Most of Enron Traders It Wanted Swiss-owned investment bank UBS Warburg dismissed reports on Thursday that it was having trouble retaining former Enron employees in the natural gas and power trading...

US Economic Optimism May Lift Oil Demand From Doldrums.(Brief Article)
March 1, 2002... US Economic Optimism May Lift Oil Demand From Doldrums Indications this week that the US recession has bottomed out, coupled with harbingers of a pick-up in economic growth in 2002, may help lift oil demand out of the doldrums later this...

Petrobras Tries Again to Hike Gasoline Prices.(Brief Article)(Statistical Data Included)
March 1, 2002... Petrobras Tries Again to Hike Gasoline Prices Brazil's Petrobras announced an increase in its gasoline prices this week, just a week after a similar hike was annulled by President Fernando Henrique Cardoso. The increase comes two...

API, Ethanol Group in Surprising Pact That Could Show Up in Energy Legislation.(Brief Article)
March 1, 2002... API, Ethanol Group in Surprising Pact That Could Show Up in Energy Legislation In a significant and surprising development, traditional rivals the American Petroleum Institute (API) and ethanol trade group the Renewable Fuels Association...

Daily Oil & Gas Price Review.(Brief Article)(Statistical Data Included)
March 1, 2002... Daily Oil & Gas Price Review Prices for Thursday, February 28, 2002 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg. Month Month Nymex...

Stock Market Scorecard.(Brief Article)(Statistical Data Included)
March 1, 2002... Stock Market Scorecard Integrated Close 1-Day. % Chg. Majors Feb 28 Chg. % Chg. 10-Day 52-Wk YTD Phillips 59.11 +1.01 +1.74 +2.25 ...

Earnings, Dividends.(oil companies)(Brief Article)(Statistical Data Included)
March 1, 2002... Earnings, Dividends Earnings Announcements... For Year Ended 12/31/2001 Current Prior Company Ticker Exch Qtr Income $EPS Income $EPS...

BP Halts Political Contributions.(Brief Article)
March 1, 2002... BP Halts Political Contributions UK-based BP, one of the world's most profitable firms and active in more than 90 countries, has pledged to make no more political contributions, anywhere. The oil giant's move comes as legislators in...

Kinder Morgan Shares Drop.(Kinder Morgan Energy Partners L.P.)(Brief Article)(Statistical Data Included)
March 1, 2002... Kinder Morgan Shares Drop Pipeline operator Kinder Morgan became the latest energy company to suffer from the collapse of Enron, as its shares fell sharply Thursday on concerns about its finances and business strategy. Chairman and...

DOD Awards Jet Fuel Contracts.(Equilon Enterprises L.L.C. and Exxon Mobil contracts)(Brief Article)
March 1, 2002... DOD Awards Jet Fuel Contracts Royal Dutch/Shell subsidiary Equilon been awarded a $408 million contract to provide jet fuel and marine gas oil for the US Department of Defense (DOD), a DOD official said Thursday. The purchases are not...

Williams Pulls Out of SPP Race.(Williams Energy backs out of Slovak SSP acquisition)(Brief Article)(Statistical Data Included)
March 1, 2002... Williams Pulls Out of SPP Race US energy firm Williams, under pressure due to a struggling former communications subsidiary, has pulled out of the tender to buy Slovak gas pipeline SPP, a source familiar with the deal said Thursday. ...

Vietnam Oil Output Slumps.(Brief Article)(Statistical Data Included)
March 1, 2002... Vietnam Oil Output Slumps Vietnam's oil production sagged over the first two months of the year, according to data released Thursday morning by the Central Statistics Office in Hanoi. Crude oil production, all from offshore fields, was...

Producers Paid to End Dispute.(oil producers and the government of Alberta)(Brief Article)(Statistical Data Included)
March 1, 2002... Producers Paid to End Dispute A group of Canadian oil producers said Thursday they will receive C$85 million (US$53 million) from the Alberta government to end a dispute that threatened to block further development of Alberta's massive...

Officials Push Southern Route.(Alaskan pipeline project pushed)(Brief Article)
March 1, 2002... Officials Push Southern Route Senate Majority Leader Tom Daschle (D-S.D.) has called on state and congressional officials to step up their efforts in the development of the proposed Alaska natural gas pipeline, a part of the comprehensive...

Canada's Norex Sues TNK.(Norex Petroleum sues Tyumen Oil Co. over Yugraneft ownership)(Brief Article)
March 1, 2002... Canada's Norex Sues TNK Canada's Norex Petroleum is taking a bitter dispute with Russia's Tyumen Oil Co. (TNK) over ownership of Siberian oil producer Yugraneft to court in a $1.5 billion lawsuit, Norex said this week. Norex, former...

Phillips Announces Jade Start-Up.(oil production at North Sea site)(Brief Article)(Statistical Data Included)
March 1, 2002... Phillips Announces Jade Start-Up Phillips Petroleum announced the start-up of its Jade field in the UK sector of the North Sea on Thursday, making good on its promise to get it done by the end of the month. It was, however, originally...

Norway Awards Offshore Licenses.(Phillips Oil and Kerr-McGee)(Brief Article)
March 1, 2002... Norway Awards Offshore Licenses US oil companies Phillips and Kerr-McGee were offered licenses in the Norwegian offshore last Thursday, following submissions of bids in early December, according to a statement by the Norwegian Ministry of...

Schlumberger makes appointments.(Schlumberger Oilfield Services appoints Andrew Gould and Jean-Marc Perraud)(Brief Article)
March 1, 2002... Schlumberger Makes Appointments Schlumberger announced that it has appointed Andrew Gould as its new president and Jean-Marc Perraud its new chief financial officer, effective immediately. Schlumberger said Gould, currently executive...

Utah Oil Exploration Draws Ire of Environmentalists.(Brief Article)
March 4, 2002... Utah Oil Exploration Draws Ire of Environmentalists, Lawmakers Work on a controversial oil exploration project near the Arches National Park in Utah was halted last week after an Interior Department appeals board said it had violated...

Led by ENI, Major Oil Shares Rally in February.(Brief Article)(Statistical Data Included)
March 4, 2002... Led by ENI, Major Oil Shares Rally in February Shares of top oil and gas companies outperformed broader equity market indices in February, propelled by investor excitement about a possible recovery in the US economy and the prospect of a US...

Spot LNG Sellers Scramble for Outlets as US Market Dries Up.(liquefied natural gas)
March 4, 2002... Spot LNG Sellers Scramble for Outlets as US Market Dries Up The US may one day beckon spot liquefied natural gas (LNG) sellers again, but for now the market is dead. The collapse has scotched notions that US demand, powering a surge in LNG...

Nymex Crude Furthers Week's Gains; OPEC Says Cut Could Stay.(New York Mercantile Exchange)(Brief Article)(Statistical Data Included)
March 4, 2002... Nymex Crude Furthers Week's Gains; Opec Says Cut Could Stay Until End of Year Technical rallying added strength to crude futures in New York late last week, as oil markets continued to defy weak supply and demand fundamentals to push...

Sweet Grades Extend Losses in Week, But Sours Gain From.(petroleum markets)(Brief Article)(Statistical Data Included)
March 4, 2002... Sweet Grades Extend Losses in Week, But Sours Gain From Scarcity of Foreign Barrels US sweet grades extended their losses in thin trading toward the end of last week, while some sour grades benefited from a continued paucity of imported...

Enron Fallout Stretches to Latin America as Campaign Issue.(Brief Article)(Statistical Data Included)
March 4, 2002... Enron Fallout Stretches to Latin America as Campaign Issue The implications of Enron's dramatic fall extend far beyond US borders. The once-mighty energy giant's murky dealings in Latin America have emerged as a hot political issue...

North Sea Oil and Gas Turn in Record Performances in 2001.(Brief Article)(Statistical Data Included)
March 4, 2002... North Sea Oil and Gas Turn in Record Performances in 2001 North Sea oil and gas output finished 2001 with a bang, with yearly highs for oil production in the UK, Denmark, and the Netherlands and gas peaks in Norway, Denmark, and Ireland....

Controversial Argentine Tax Goes Into Effect; Firms Brace.(export tax on petroleum)(Brief Article)(Statistical Data Included)
March 4, 2002... Controversial Argentine Tax Goes Into Effect; Firms Brace for Worst A 20% tax on oil exports came into effect in Argentina on Friday, though the government may be forced to substitute the controversial tax with a levy more palatable to...

Defying Commodity Price Slump, Wall Street Still Smitten.(oil and gas markets)(Brief Article)(Statistical Data Included)
March 4, 2002... Defying Commodity Price Slump, Wall Street Still Smitten With E&P The sky was the limit for the US upstream one year ago -- gas prices were near record highs and looked likely to remain there, while oil prices were firm. One recession...

Official January Data Show Norway Moved Toward Output.(crude oil output compliance with OPEC cuts)(Brief Article)(Statistical Data Included)
March 4, 2002... Official January Data Show Norway Moved Toward Output Compliance, Down From December Norway's crude oil production came in about as promised in January -- and on track to meet the country's first-quarter target -- though it did fall a...

Tensions Between Chavez and PDV Workforce Rise; Showdown.(President Hugo Chavez, Petroleos de Venezuela workers)(Brief Article)
March 4, 2002... Tensions Between Chavez and PDV Workforce Rise; Showdown May Be Imminent Tensions between the Venezuelan government and senior executives and ordinary rank and file employees of the state oil concern have risen to unprecedented levels,...

Argentine Woes Hit Repsol Hard, Pushing Profits Down 58%.(Repsol YPF)(Brief Article)(Statistical Data Included)
March 4, 2002... Argentine Woes Hit Repsol Hard, Pushing Profits Down 58% Spanish major Repsol YPF revealed Friday just how hard it was hit by Argentina's economic crisis, when it announced provisions of more than 2.7 billion euros ($2.3 billion) against...

Even in Colder Weather, High Storage Keeps Lid on Gas.(natural gas prices, U.S.)(Brief Article)(Statistical Data Included)
March 4, 2002... Even in Colder Weather, High Storage Keeps Lid on Gas Prices Temperatures will be several degrees Fahrenheit below normal this week in the US Midwest and Northeast, but the plethora of natural gas in storage and strong incentives for...

Ship of Smuggled Iraqi Oil Finally Unloads.(in Curacao, Venezuela)(Brief Article)
March 4, 2002... Ship of Smuggled Iraqi Oil Finally Unloads A tanker that contained some smuggled Iraqi crude oil was finally given permission to offload at Curacao, four months after it arrived in the territorial waters of the Caribbean island. A probe...

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

Baker Hughes Drilling Report.(Brief Article)(Statistical Data Included)
March 4, 2002... Baker Hughes Drilling Report US Rig Count Falls 10 The number of rigs searching for oil and gas in the US fell by 10 to 782 for the week ended Mar. 1, according to Baker Hughes. A year ago there were 1,151. The number of rigs...

Canadian Gas Storage.(for week ended 2/22/02)(Brief Article)(Statistical Data Included)
March 4, 2002... Canadian Gas Storage The Canadian Gas Association reported Friday that the amount of natural gas in Canadian storage facilities fell 6.57 Bcf to 329.14 Bcf for the week ended Feb. 22. Storage caverns are 64.0% full, down from 65.3% full a...

Stock Market Scorecard.(as of 3/1/02)(Brief Article)(Illustration)(Statistical Data Included)
March 4, 2002... Stock Market Scorecard Integrated Close 1-Day. % Chg. Majors Mar 01 Chg. % Chg. 10-Day 52-Wk YTD Amerada Hess 71.93 +2.66 +3.84 +9.27 ...

Earnings, Dividends.(Progress Energy Inc., Southward Energy Ltd., Meridian Resource Corp.)(Brief Article)(Illustration)(Statistical Data Included)
March 4, 2002... Earnings, Dividends Earnings Announcements... For Year Ended 12/31/2001 Current Prior Company Ticker Exch Qtr Income $EPS Income ...

Valero to Make Share Offering.(Tesoro Petroleum to sell common stock)(Brief Article)
March 4, 2002... Valero to Make Share Offering Independent refining company Tesoro Petroleum said Friday it had agreed to sell 20 million shares of common stock at $11.25/share to help fund the purchase of a refinery and 70 retail gasoline stations in...

Alaskan Output Drops Slightly.(production statistics)(Brief Article)(Statistical Data Included)
March 4, 2002... Alaskan Output Drops Slightly Alaskan production continued to benefit from new fields in February, but the loss of a compressor for almost two weeks at one of the new fields, Northstar, led to a small drop from January. Nonetheless,...

Exxon to Leave Turkmenistan.(Exxon Mobil)(Brief Article)
March 4, 2002... Exxon to Leave Turkmenistan Exxon Mobil will pull out of Turkmenistan after disappointing well-testing results at its only project in the former Soviet Central Asian state. An Exxon spokesman said that at the beginning of February the...

Georgia Proposes Oil Link.(from Caspian Sea to Turkey)(Brief Article)
March 4, 2002... Georgia Proposes Oil Link A top Georgian oil official says a pipeline link from a Russian port on the Black Sea to a planned line from the Caspian to Turkey will earn Russia hard cash and save Turkish straits from further tanker...

Ecuador Seeks End to Protests.(after demonstrator gets killed)(Brief Article)
March 4, 2002... Ecuador Seeks End to Protests A day after a demonstrator was killed, Ecuador's government agreed last Thursday to allow lawmakers to mediate an end to protests that have halted the construction of a new $1.1 billion pipeline (OD...

Senators to Eye Bush Policies.(Bush administration's environmental policy)(Brief Article)
March 4, 2002... Senators to Eye Bush Policies The Bush administration's environmental policy will get a hard look at a Senate Governmental Affairs Committee hearing Thursday in the wake of the resignation of a senior Environmental Protection Agency (EPA)...

TXU Buys Hess' UK Retail Arm.(Amerada Hess)(Brief Article)
March 4, 2002... TXU Buys Hess' UK Retail Arm Global energy company TXU on Friday said it bought the UK retail and trading business of US oil company Amerada Hess in a deal valued at $165 million. TXU, the No. 3 electricity and gas supplier in the UK,...

PSEG Plant Gets Approval.(PSEG Power New York)(Brief Article)
March 4, 2002... PSEG Plant Gets Approval New York state approved PSEG Power New York's plans to build a $400 million, 750-megawatt natural gas-fired power plant in upstate New York, the company said in a statement Thursday. The PSEG Power unit said...

Deep Panuke Project Moves Ahead.(PanCanadian Energy filed provincial and federal documents)(Brief Article)
March 4, 2002... Deep Panuke Project Moves Ahead PanCanadian Energy announced Friday that it had filed mandated provincial and federal documents in support of its Deep Panuke gas project off the east coast of Nova Scotia. The US$660 million project would...

Semco Energy Names Jackson.(Marcus Jackson)(Brief Article)
March 4, 2002... Semco Energy Names Jackson Natural gas distributor Semco Energy said President and Chief Executive Marcus Jackson will become chairman of the company effective immediately. The Farmington Hills, Michigan-based company said Jackson replaces...

Caltex Director to Retire.(Caltex Australia)(Brief Article)
March 4, 2002... Caltex Director to Retire Oil refiner and marketer Caltex Australia -- 50% owned by ChevronTexaco -- said its managing director, Tony Blevins, was retiring. He will be replaced by ChevronTexaco Pipeline President Jeet Bindra. Copyright...

Bingaman Sees Energy Bill Getting Senate Nod.(Jeff Bingaman)(Brief Article)
March 5, 2002... Bingaman Sees Energy Bill Getting Senate Nod As the US Senate prepares to debate the more controversial points of a comprehensive energy bill, Sen. Jeff Bingaman (D- N.M.), chairman of the Energy Committee and the legislation's chief...

February Oil Demand Looks to Be Up, for Now.(Statistical Data Included)
March 5, 2002... February Oil Demand Looks to Be Up, for Now A modest increase in year-on-year global oil demand in February coupled with Opec discipline has meant demand has outpaced supply for the past four months. Early estimates of world demand...

Nymex Crude Trades Sideways; Opec Yet to Get Supply Cut.(Brief Article)(Statistical Data Included)
March 5, 2002... Nymex Crude Trades Sideways; Opec Yet to Get Supply Cut Pledge From Russia The energy complex in New York was kept in suspense by non- Opec producer Russia on Monday, as crude and product futures chopped and changed for most of the...

Alaskan Lease Sale Overshadowed by ANWR, Gas Pipeline.(Arctic National Wildlife Refuge)(Brief Article)
March 5, 2002... Alaskan Lease Sale Overshadowed by ANWR, Gas Pipeline Debate The state of Alaska sent out a "call for new information" on two of this year's four proposed lease sales (OD Feb.5,p8) last week, which cover all available state-owned blocks on...

'Enronitis' Talk Dents Kinder Morgan Shares; Rally Lifts.(Brief Article)(Illustration)(Statistical Data Included)
March 5, 2002... 'Enronitis' Talk Dents Kinder Morgan Shares; Rally Lifts Others Rumored to have a severe case of "Enronitis," shares of Kinder Morgan and Kinder Morgan Energy Partners led the list of the biggest decliners for last week, according to data...

Settling Ecuador Oil Protest Very Costly to Government, OCP.(heavy crude oil pipeline)(Brief Article)
March 5, 2002... Settling Ecuador Oil Protest Very Costly to Government, OCP Consortium The strike and demonstrations staged by environmental activists and Amazonian communities in Ecuador's oil-rich provinces of Orellana and Sucumbios ended early Monday,...

Canadian Oil Output Hits Temporary Lull.(Brief Article)(Statistical Data Included)
March 5, 2002... Canadian Oil Output Hits Temporary Lull Canadian oil production fell in December, despite a sharp rise in synthetic oil output, according to data released this week by Statistics Canada. Total oil output averaged 2.812 million barrels per...

Venezuelan Oil Workers Keep Up Protests; CTV Threatens.(Venezuelan Workers Confederation protests against President Chavez's economic policies)(Brief Article)
March 5, 2002... Venezuelan Oil Workers Keep Up Protests; CTV Threatens Chavez With Strike Hundreds of workers from state oil giant Petroleos de Venezuela (PDV) kept up their noisy protests outside PDV's Caracas headquarters Monday over the appointment of...

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

Heating Degree Days.(Brief Article)(Illustration)(Statistical Data Included)
March 5, 2002... Heating Degree Days Heating Degree Days Week Dev Cum Dev For week of From From From March 2, 2002 Week From ...

Stock Market Scorecard.(petroleum industry stock price movements)(Brief Article)(Statistical Data Included)
March 5, 2002... Stock Market Scorecard Integrated Close 1-Day. % Chg. Majors Mar 04 Chg. % Chg. 10-Day 52-Wk YTD Kerr-McGee 57.31 +1.04 +1.85 +7.71 ...

Premcor Eyes Phillips Refinery.(Brief Article)
March 5, 2002... Premcor Eyes Phillips Refinery Privately held refining firm Premcor is considering buying Phillips' 286,000 b/d refinery in Wood River, Illinois, an industry source said Monday. Phillips and Premcor could not immediately be reached for...

Greka Announces Reorganization.(Greka Energy)(Brief Article)
March 5, 2002... Greka Announces Reorganization New York-based Greka Energy on Monday announced a broad reorganization, including debt restructuring and plans to sell oil and gas fields in the US and overseas, as it focuses on its central California...

Benton to Shed Arctic Gas Stake.(Benton Oil & Gas)(Brief Article)
March 5, 2002... Benton to Shed Arctic Gas Stake Houston-based Benton Oil & Gas announced last week that it has agreed to sell for $190 million its 68% interest in Arctic Gas, which is exploring in West Siberia, to a company to be nominated by Russian oil...

Williams Restructuring Debt.(Brief Article)
March 5, 2002... Williams Restructuring Debt Energy trader and pipeline operator Williams said Monday that it expects a restructuring of $1.4 billion in notes to be complete in the "very near future," after favorable talks with investors. The talks...

ENI to Build Aramco Complex.(contract for new industrial complex)(Brief Article)
March 5, 2002... ENI to Build Aramco Complex Italian oil giant ENI said Monday it had won a contract to design and build an industrial complex in Saudi Arabia. The complex, which will include two gas oil separation and power production plants, will be...

Thailand Asks for Cheaper Gas.(contract with Unocal)(Brief Article)
March 5, 2002... Thailand Asks for Cheaper Gas Thailand has asked Unocal, its largest gas supplier, to cut the price of natural gas delivered under a 25-year contract, a company spokesman said Monday. US-based Unocal supplies about 60% of the gas...

Madrazo Elected PRI Head.(Roberto Madrazo, Institutional Revolutionary Party)(Brief Article)
March 5, 2002... Madrazo Elected PRI Head One week after Mexico's election for a new leader of the Institutional Revolutionary Party (PRI), Roberto Madrazo was officially announced as the winner by a narrow margin of 50.9% of the allowed votes. He was seen...

Court Extends FGH Deadline.(Friede Goldman Halter's reorganization deadline)(Brief Article)
March 5, 2002... Court Extends FGH Deadline Gulfport, Mississippi-based Friede Goldman Halter (FGH), a maritime and offshore energy equipment manufacturer, said a US bankruptcy court had extended the company's deadline to file a plan of reorganization...

Westport Buys Rockies Assets.(Westport Resources oil and gas properties purchase)(Brief Article)
March 5, 2002... Westport Buys Rockies Assets Westport Resources announced the purchase of producing oil and gas properties, located in the Williston Basin in North Dakota and Montana, for $38.7 million. It did not name the seller. Westport estimates...

Conoco Moving on GTL Plant.(gas-to-liquids)(Brief Article)
March 5, 2002... Conoco Moving on GTL Plant Conoco said Monday it has passed a key milestone in the construction of a demonstration plant that will convert natural gas into diesel fuel, kerosene, and other liquid petroleum products. Conoco, which plans...

Speculators Trim Net Shorts.(crude oil)(Brief Article)(Statistical Data Included)
March 5, 2002... Speculators Trim Net Shorts Crude oil speculators on the New York Mercantile Exchange (Nymex) trimmed their net short positions during the week ended Feb. 26, the Commodity Futures Trading Commission (CFTC) said Friday. The CFTC's...

Chevron to Restart Crude Unit.(labor contract agreement)(Brief Article)
March 5, 2002... Chevron to Restart Crude Unit ChevronTexaco is restarting the sole crude unit at its Richmond oil refinery near San Francisco after workers at the refinery approved a new four-year labor contract, an industry source said Monday. The...

Slaughter Named NPRA President.(Bob Slaughter, National Petrochemical and Refiners Association)(Brief Article)
March 5, 2002... Slaughter Named NPRA President The National Petrochemical and Refiners Association announced that its board of directors has elected Bob Slaughter to serve as the association's new president. Slaughter succeeds Urvan R. Sternfels, who is...

Reliant Names Waller Treasurer.(William S. Waller Jr. appointed treasurer for Reliant Resources)(Brief Article)
March 5, 2002... Reliant Names Waller Treasurer Reliant Resources announced that William S. Waller Jr. has been promoted to treasurer. Copyright 2002 Energy Intelligence Group, Inc. Unauthorized reproduction or distribution without written permission...

White House Told Again to Release Papers.(Environmental policy)(Brief Article)
March 6, 2002... White House Told Again to Release Papers In another legal setback for the Bush administration, a federal judge on Tuesday ordered key federal agencies to release documents relating to the development of the White House energy policy. ...

Kyoto Argument Breaks Out in Canada.(greenhouse effect)(global warming)(Brief Article)
March 6, 2002... Kyoto Argument Breaks Out in Canada The Canadian government, caught between the US and Europe in its position on climate change, is coming under mounting pressure to moderate its support for the Kyoto protocol. The Canadian Association...

GAO Ethanol Warning Threatens to Skew Senate Energy Bill.(Brief Article)
March 6, 2002... GAO Ethanol Warning Threatens to Skew Senate Energy Bill Debate As the US Senate kicked off an intense debate on comprehensive energy policy legislation, a storm was brewing over ethanol use in gasoline, one of the bill's key elements and...