Retain

Not only should FERC retain its existing authority to review mergers of public electric utilities and combination electric-natural gas utilities, but it should be expanded, said FERC Commissioner Joseph Kelliher.

Royal Dutch/Shell Group is determined to retain a leadership role in the expanding liquefied natural gas (LNG) business, and has set a mark to double its global LNG sales by the end of the decade, the company’s CEO said last week.

Key Energy Services Inc. said it is selling the assets of its U.S. land drilling operations to Patterson-UTI Energy Inc. for $62 million in cash and will retain $10 million in working capital of the business, net of other liabilities.

Key Energy Services Inc. said it is selling the assets of its U.S. land drilling operations to Patterson-UTI Energy Inc. for $62 million in cash and will retain $10 million in working capital of the business, net of other liabilities.

Royal Dutch/Shell Group is determined to retain a leadership role in the expanding liquefied natural gas (LNG) business, and has set a mark to double its global LNG sales by the end of the decade, the company’s CEO said Monday.

Royal Dutch/Shell Group is determined to retain a leadership role in the expanding liquefied natural gas (LNG) business, and has set a mark to double its global LNG sales by the end of the decade, the company’s CEO said Monday.

Ray L. Hunt, currently chairman and CEO of Dallas-based Hunt Oil Co., has relinquished the chairman role but will retain his CEO title, the company announced. James B. Jennings, 63, the current president, was named the new chairman. Jennings has been president since 1999, and he is expected to continue to oversee development of liquefied natural gas (LNG) as a new line of business for Hunt, which has LNG operations in Peru and Yemen. Stephen C. Hurley, 54, was promoted to president, and he will assume day-to-day responsibilities for company operations, including exploration, production and marketing. Hurley joined Hunt in 2001 after Hunt acquired Chieftain International Inc., where he had been COO.

Steven J. Malcolm, current president and COO of Williams, has been named the company’s new CEO by the board of directors. Malcolm, 53, succeeds Chairman Keith E. Bailey as CEO. Bailey will retain his position as chairman until the May 17 shareholders’ meeting, when he is expected to announce his retirement.

Steven J. Malcolm, current president and COO of Williams, has been named the company’s new CEO by the board of directors. Malcolm, 53, succeeds Chairman Keith E. Bailey as CEO. Bailey will retain his position as chairman until the May 17 shareholders’ meeting, when he is expected to announce his retirement.