Gas industry
Vintage Petroleum, Inc. (NYSE: VPI) announced the successful drilling of a discovery well in the White Heron South area of Galveston Bay, Texas. The Texas State Tract 84 discovery well reached a depth of 9,918 feet, encountering 36 feet of net pay in a Frio sand. The well is
Gas industry
Tracer Petroleum Corporation has announced a non-brokered private placement of up to 12 million units at $0.20 US per unit, with each unit consisting of one common share and one-half non-transferable common share purchase warrant. The placement aims to expand the company's Indonesian holdings, fund drilling and
Gas industry
The year 1997 saw a record-breaking $12.8 billion in total value of domestic oil and gas mergers and acquisitions (M&A), according to Cornerstone Ventures L.P.'s 1997 Annual Reserve Report. This represents a 62% increase from the previous year's total of $7.9
Gas industry
Susan Davis, a registered nurse with experience in operating rooms and as a clinical systems analyst, has taken on the role of Anchorage manager at NYL Care Health Plans Northwest Inc., a subsidiary of New York Life Insurance Co. Meanwhile, Tom Hunter has been promoted to vice president of marketing
Gas industry
Unions are preparing to take industrial action against Transco, a gas supplier based in Birmingham, in a bid to prevent up to 1,800 workers from being made compulsorily redundant. The company, part of British Gas group BG, aims to cut 2,500 staff this year, but has so far
Gas industry
A unit of Williams has signed an agreement with Exxon Company USA to process 300 million cubic feet per day of natural gas at a Williams natural gas liquids extraction plant. This deal marks the largest processing contract to date for Williams' field services unit. The NGL extraction plant,
Petroleum industry
Environmental Remediation Holding Corporation (ERHC) has announced the placement of a $625,000 performance/bid bond for an environmental remediation/incineration project with PEMEX Exploration and Production. The joint venture, which ERHC shares 70%, aims to remediate oil field cuttings and contaminants in Villahermosa, Mexico. As one of three companies
Petroleum industry
Norstan Global Services of Norstan, Inc., has solidified its partnership with BP by entering into two significant agreements. The first contract, valued at $7.4 million, extends Norstan's managed services agreement to deliver services to twelve BP locations throughout the United States until 2002. The second agreement, worth
Petroleum
Phillips Petroleum Company, an integrated petroleum company, has announced the results of a successful appraisal well at the Tyonek Deep oil play in Alaska's Cook Inlet. The company drilled the Tyonek B-2 well to a measured depth of 14,537 feet in 100 feet of water and tested
Petroleum
Sunoco MidAmerica, a Philadelphia-based energy company, has shut down one of its two crude units at its Toledo, Ohio refinery for repairs following a fire on February 15. The refinery, which has a production capacity of 140,000 barrels per day, will continue to operate the second unit. The fire
Gas industry
KeySpan Energy Corporation, the parent holding company of the nation's fifth-largest gas distribution company, Brooklyn Union Gas, has entered into an agreement with Enron Capital & Trade Resources Corp. (ECT), a subsidiary of Enron Corp., to provide gas supply management services for Brooklyn Union Gas. Under the terms
Gas industry
Alaska Governor Tony Knowles has proposed legislation to encourage the development of the state's vast natural gas reserves on the North Slope. The proposed legislation aims to create a cost-effective and competitive project that benefits both Alaskans and the producers. The bill is the result of efforts by
