Backs

The general director of Mexico’s oil and gas monopoly Petroleos Mexicanos (Pemex) said last week that while he supports more private investments in certain sectors to make the country’s energy resources more efficient, the oil and gas industry will remain under government control. Raul Munoz Leos agreed that Mexico faces energy problems unless changes are made, but said the country can get from here to there without privatization.

Williams outbid Royal Dutch/Shell Group for Barrett Resources Corp. based on “electricity economics, along with fully integrated economics,” Stuart Wagner, a principal with Petrie Parkman told a GasMart/Power 2001 audience last Thursday. He suggested other merchant operators might also be in the market for gas reserves.

Williams outbid Royal Dutch/Shell Group for Barrett Resources Corp. based on “electricity economics, along with fully integrated economics,” Stuart Wagner, a principal with Petrie Parkman told a GasMart/Power 2001 audience Thursday.

The Bush administration announced it would be upholding former President Clinton’s designation of about 60 million acres of national forest as off limits to logging and road building, effective May 12, but would subsequently be proposing amendments to the Roadless Area Conservation Rule.

The Bush administration announced it would be upholding former President Clinton’s designation of about 60 million acres of national forest as off limits to logging and road building, effective May 12, but would subsequently be proposing amendments to the Roadless Area Conservation Rule.

A special commission formed by Florida Gov. Jeb Bush isrecommending the state break up its monopoly utilities and pave theway for competition in the power generation market by doing awaywith certain laws and amending others.

A special commission formed by Florida Gov. Jeb Bush isrecommending the state break up its monopoly utilities and pave theway for competition in the power generation market by doing awaywith certain laws and amending others.

California’s backs-to-the-wall regulators today are expected tookay a 90-day surcharge for the state’s two major private-sectorutilities to buy time to complete a more thorough examination ofthe utilities’ request for up to $11 billion in retail rateincreases to be collected over the next two to five years.

Ranger Oil Ltd.’s board of directors announced last week thatafter almost three months of unacceptable bids it’s ready to make arecommendation to its shareholders to sell all outstanding sharesto another Calgary-based producer, Canadian Natural Resources Ltd(CNRL).