Energy Secretary Bill Richardson has called on FERC to design anoffshore policy that encourages private-sector investment in theGulf of Mexico gas infrastructure and the development of advancedproduction technologies. Such a policy would be in keeping with theClinton administration’s 1993 domestic natural gas and oilinitiative, he wrote in a recent letter to Chairman James Hoecker.
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DOE Seeks Investment-Friendly Offshore Policy
Energy Secretary Bill Richardson has called on FERC to issue anoffshore policy that’s conducive to private-sector investment innew technologies and the natural gas infrastructure in the Gulf ofMexico. Such a policy would be in keeping with the Clintonadministration’s 1993 domestic natural gas and oil initiative, hewrote in a letter to Chairman James Hoecker.
March 3, 1999
Exxon, Mobil Make It Official With $77B Deal
Continuing super-low oil prices have driven two of the largestoil companies in the world into a friendly merger, with Exxonacquiring Mobil for $77.2 billion in stock, making the deal therichest corporate takeover ever. Exxon Mobil Corp. will be thelargest corporation in the world based on the two companies’combined revenue of $203 billion last year.
December 2, 1998
Vollman Appointed New NEB Chairman
Under new leadership appointed last week, Canada’s NationalEnergy Board is vowing to become more user-friendly and easier tounderstand at the same time as it grows busier. Ken Vollman, a53-year-old engineer raised on a Saskatchewan farm and formed bygritty work in western oilfields, was candid about challengesfacing the agency when he was appointed its new chairman July 15 byNatural Resources Minister Ralph Goodale.
July 20, 1998
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