Improved

The transition to an online business model has led to cost reductions, improved efficiency and tremendous growth for Enron, CEO Ken Lay said earlier this week during a web-cast conference on e-commerce sponsored by Houston-based FlashFind Corp. and the Independent Natural Gas Association of America.

Success in deepwater exploration in the Gulf of Mexico improvedthe outlook for both oil and natural gas resources, according to anupdated report by the Minerals Management Service. The 2000 MMSresource assessment now indicates that there is a 65% increase inconventional recoverable oil reserves and a 35% increase in naturalgas on the outer continental shelf.

Success in deepwater exploration in the Gulf of Mexico improvedthe outlook for both oil and natural gas resources, according to anupdated report by the Minerals Management Service. The 2000 MMSresource assessment now indicates that there is a 65% increase inconventional recoverable oil reserves and a 35% increase in naturalgas on the outer continental shelf.

New and improved drilling technology is turning out to be partof the answer to the emerging natural gas supply squeeze, at leastin Canada. Horizontal wells, developed initially for oil, increasethe accessibility, raise the productivity and cut the overall costsof tapping gas fields too, says a study by the National EnergyBoard, the Oil and Gas Commission of British Columbia and the B.C.Ministry of Energy.

New and improved drilling technology is turning out to be partof the answer to the emerging natural gas supply squeeze, at leastin Canada. Horizontal wells, developed initially for oil, increasethe accessibility, raise the productivity and cut the overall costsof tapping gas fields too, says a study by the National EnergyBoard, the Oil and Gas Commission of British Columbia and the B.C.Ministry of Energy.

Blasting two U.S. senators’ plans to set up an energy commissionto investigate recent high natural gas and oil prices, North DakotaGov. Ed Schafer said last week the proposal would result in nothingbut finger pointing, and he asserted that there is no “quick fix”to the nation’s energy problems.

CapacityCenter.com announced two new services and what it hopesis an improved, user-friendly interface yesterday.

Joe B. Foster, the new chief — at least for now — of BakerHughes Inc., is promising improved performance to shareholders inthe wake laggard stock performance and the disclosure of accountingirregularities that have launched a slew of investor lawsuits.

Joe B. Foster, the new chief — at least for now — of BakerHughes Inc., is promising improved performance to shareholders inthe wake of the disclosure of accounting irregularities that havelaunched a slew of investor lawsuits.