Gas industry
Tyson Foods, the world's largest meat producer, has awarded its CEO, John Tyson, a $2.1 million bonus for the fiscal year that ended September 29, despite the company's troubles with buyouts and a federal indictment for smuggling illegal aliens. The bonus is on top of
Gas industry
Italian electricity giant Enel, Algerian state Sonatrach, and BASF's oil and gas unit Wintershall have teamed up to fund a feasibility study on a subsea pipeline from El Kara on Algeria's northeast coast directly to the Italian island of Sardinia. The planned capacity of the pipeline
Gas industry
Energy firms Crown, Conoco, Petroplus, and Southern Energy have been involved in a series of significant deals and acquisitions in the global market. Crown, an independent energy firm, agreed to be bought out by its largest shareholder, Rosemore, ending a year-long dispute over control. Meanwhile, Chevron received a second request
Gas industry
Cold weather in the US and growing concerns over Opec hawkishness led to a significant drop in crude prices, despite the seasonally-normal winter demand. The February Nymex crude contract fell over $2/bl to $25.58/bl, while the February IPE Brent contract dropped over $2.20/bl to a
Gas industry
Sydney-based Woodside Petroleum Ltd's (ASX:WPL) independent directors have advised shareholders to reject Shell Australia Investments Ltd's merger proposal, citing the offer price as "neither fair nor reasonable". The revised deal includes a cash offer of $14.80 per share and a portfolio of
Gas industry
Iran is seeking to attract more foreign investment to tackle its economic woes, which include a high unemployment rate, despite its vast natural resources, including the second-largest gas reserves in the world. The country has signed several contracts with foreign companies to develop its energy sector, including a recent deal
Gas industry
Orem, Utah, is at the forefront of a pioneering effort in video-on-demand technology, as SwitchPoint Networks, Inc., Enron Broadband Services, and Blockbuster, Inc. have joined forces to enable VHS-quality video streaming to residential customers. This collaboration is a significant milestone in the implementation of SwitchPoint's innovative solution for
Gas industry
Enron and Blockbuster have commenced delivering movies via the Blockbuster Entertainment On-Demand service over Enron's broadband network in Seattle, Portland, and Salt Lake City. This launch fulfills the companies' objective to deliver the entertainment on-demand service to consumers' televisions by the end of the year. The
Gas industry
US and Canadian independent oil and gas firms plan to increase capital spending next year, betting on continued high energy prices and production growth. Several companies, including Burlington, Plains, and Petro-Canada, have announced increased budgets for 2001, with a focus on US and Canadian gas projects. The firms' plans
Gas industry
Italian energy giant Eni has signed a major take-or-pay contract to supply 2 billion cubic meters per year of Libyan gas to Energia Gas, a significant player in the Italian gas market. As part of this deal, Eni is set to sell a total of 8 billion cubic meters per
Gas industry
South Korea and Indonesia have deepened their bilateral energy ties, with plans for South Korea to participate in the development of new oil and natural gas wells in Indonesia. In exchange, Indonesia will ensure stable oil and gas supply to South Korea. This agreement follows recent announcements in the Asia-Pacific
Gas industry
Saudi Aramco Corporation, the global leader in the petroleum industry, has successfully integrated FVC.COM's two-way video systems into its existing business processes. This cutting-edge solution enables the company to deliver high-quality, two-way video to over 5,000 employees throughout Saudi Arabia, thereby reducing travel costs, improving productivity,
