The Oil Daily back issues from June 1990:
Soviet energy sector victimized by labor unrest, restructuring of priorities for capital investments.
Jun 01, 1990; ... Soviet Energy Sector Victimized by Labor Unrest, Restructuring of Priorities for Capital Investments WASHINGTON -- Energy problems are symptoms, but not the cause, of current Soviet economic turmoil, a Commerce Department analyst maintains. "The energy sector did run ...
Iroquois pipeline clears hurdle. (FERC ruling on Canadian gas pipeline)
Jun 01, 1990; ... Iroquois Pipeline Clears Hurdle WASHINGTON -- The proposed Iroquois pipeline project that would bring Canadian natural gas into the Northeast has received a favorable, final environmental review from the Federal Energy Regulatory Commission. Iroquois officials say they ...
New price mechanisms nearing for sour crudes.
Jun 01, 1990; ... New Price Mechanisms Nearing for Sour Crudes OPEC PRODUCERS and crude oil buyers around the world will have a number of new sour crude pricing mechanisms available within the next few weeks, as the futures exchanges and price publications move to expand and improve their scope ....
Circle K gasoline supplies return to normal levels. (convenience store chain)
Jun 01, 1990; ... Circle K Gasoline Supplies Return To Normal Levels GASOLINE SUPPLIES are flowing normally again to Circle K Corp.'s 3,650 retail pump sites, two weeks after the convenience store operator filed for bankruptcy protection, according to Circle K and several of its suppliers. ...
Nigeria focuses on domestic upstream joint ventures.
Jun 01, 1990 ... Nigeria Focuses on Domestic Upstream Joint Ventures NIGERIA IS SHIFTING its focus from downstream joint ventures in overseas markets to signing contracts with companies that are willing to participate in upstream joint ventures in Nigeria, the country's new oil minister, Jibril ...
Crude oil, gasoline futures drop.
Jun 01, 1990; ... Crude Oil, Gasoline Futures Drop SHARPLY WEAKER gasoline futures and crude prices as much as 68 cents lower on the day after American Petroleum Institute weekly supply statistics showed a build in crude and gasoline stocks were the reasons one analyst called Thursday an "API ...
Terminal gasoline prices up sharply.
Jun 01, 1990 ... Terminal Gasoline Prices Up Sharply TERMINAL GASOLINE prices shot up around the country Wednesday while dealer gasoline and distillate prices changed at a much slower rate. The major refiners increased terminal gasoline prices in 210 cities and decreased prices in ...
Texas TIPRO members to meet. (Texas Independent Producers and Royalty Owners Association)
Jun 01, 1990 ... Texas TIPRO Members to Meet SAN ANTONIO, Texas -- The nation's largest state organization of independent oil and gas operators is reviving from a long slump on natural gas market hopes and new technology. Both developments will be emphasized when the Texas Independent ...
Tunisia oil production on rise.
Jun 01, 1990 ... Tunisia Oil Production on Rise LONDON -- Tunisia's crude oil production is expected to rise "substantially" in early 1991, the Opec News Agency said. In a dispatch from Tunis, OPECNA quoted a report in a Tunisian magazine as saying that the country managed in 1989 to ...
Petrobras reports five bids for construction of deepwater semis. (Petroleo Brasileiro S.A.)
Jun 01, 1990; ... Petrobras Reports Five Bids for Construction of Deepwater Semis RIO DE JANEIRO -- Five bids from four international and four Brazilian companies have been received by Petrobras for the construction of two semis especially designed for deepwater production work-only in Campos. ...
Statoil increases estimates of oil, gas resources.
Jun 01, 1990 ... Statoil Increases Estimates of Oil, Gas Resources OSLO -- Norwegian state oil company Den Norske Stats Oljeselskap A/S has revised upwards estimates of Norway's oil and gas resources 9 percent and raised North Sea petroleum estimates by a quarter. But a large part of ...
Despite official denials, privatization rumors swirl around Pemex. (Petroleos Mexicanos)
Jun 01, 1990 ... Despite Official Denials, Privatization Rumors Swirl Around Pemex MEXICO CITY -- Mexico's sweeping privatization program has provoked speculation here and abroad that the crown jewel of state-owned companies, oil giant Petroleos Mexicanos, could be the next government entity to be ...
Mobil slashes turnpike gasoline prices. (service station prices along Massachusetts Turnpike)
Jun 01, 1990; ... Mobil Slashes Turnpike Gasoline Prices MOBIL CORP. has slashed retail gasoline prices by as much as 18 cents per gallon at 10 high-volume service stations that it recently began operating along the Massachusetts Turnpike. Mobil expects the price cuts to push the ...
Wolverine, Oryx in joint ventures. (Wolverine Exploration Co.; Oryx Energy Co.)
Jun 01, 1990; ... Wolverine, Oryx in Joint Ventures DALLAS -- Wolverine Exploration Co., Fort Worth, is continuing its strategy of gaining access to prospects and technology with two joint ventures with Oryx Energy, both of which involve horizontal wells. Oryx will operate both projects. ...
Gasoline prices on West Coast join overall rise.
Jun 01, 1990; ... Gasoline Prices On West Coast Join Overall Rise WHOLESALE GASOLINE prices rose by 0.10 cent, plus, a gallon on the West Coast on Thursday, firming for the first time in more than a week. West Coast regular unleaded prices were 0.10 cent firmer to a 73.76 cent posting ...
Petrochemicals touted as Mexico economic cure.
Jun 01, 1990; ... Petrochemicals Touted as Mexico Economic Cure PETROCHEMICALS and not oil and gas will be the panacea for Mexico's economic woes was the message transmitted to the Mexican state oil company's engineers, geologists and geophysicists at their annual conference. Sources ...
Los Alamos chief to address meet. (Los Alamos National Laboratories director Siegfried S. Hecker; oil recovery conference)
Jun 01, 1990 ... Los Alamos Chief to Address Meet FACED with the prospect of declining national security spending, national laboratories are turning their attention to energy security. Sig Hecker, director of Los Alamos National Laboratories, will deliver a talk on the creation of ...
Samarec increases prices. (Saudi Arabian Marketing and Refining Co.; liquefied petroleum gas)
Jun 01, 1990 ... Samarec Increases Prices TOKYO -- Saudi Arabia Marketing and Refining Co. has raised the official selling prices of its June liquefied ...
Service station suppliers balk at competition by majors.
Jun 04, 1990; ... Service Station Suppliers Balk at Competition by Majors TRADITIONAL SERVICE station equipment suppliers are upset about major oil companies who are taking customers away from them and are taking steps to push the competition out of the field. At least one major got the ...
The new Oil Daily makes its debut. (new newspaper format)
Jun 04, 1990; ... The New Oil Daily Makes Its Debut Dear Reader: WITH THIS edition, we are launching what we like to call "The New Oil Daily." We have redesigned the format to make your newspaper look and feel more modern, as you can see. But we are going much further than ...
EPA announces volatility levels. (gasoline volatility)
Jun 04, 1990 ... EPA Announces Volatility Levels WASHINGTON -- The Environmental Protection Agency announced the second phase of regulations for gasoline volatility that will reduce Reid Vapor Pressure (RVP) standards from 9.0 pounds per square inch to 7.8 psi, depending on the region of the ...
API meet focuses on environment. (American Petroleum Institute)
Jun 04, 1990 ... API Meet Focuses on Environment TARPON SPRINGS, Fla. -- The current public environmental emphasis and its implications for petroleum financing will be examined Monday and Tuesday at the American ...
FERC's Allday: don't blame FERC for Canadian natural gas moving into Northeast U.S. markets. (Chairman Martin L. Allday)
Jun 04, 1990; ... FERC's Allday: Don't Blame FERC for Canadian Natural Gas Moving Into Northeast U.S. Markets SAN ANTONIO, Texas -- If U.S. producers and pipelines are losing natural gas customers in the Northeast to the Canadians, it's not the fault of the Federal Energy Regulatory Commission, ...
Gasoline prices increase slightly.
Jun 04, 1990 ... Gasoline Prices Increase Slightly DEALER TANK wagon gasoline prices on The Oil Daily's 50 Cities Survey escaped the end of the week price drops inspired by the American Petroleum Institute's weekly statistics and rose slightly, boosted by strong gasoline demand at the beginning of ...
Crude futures nudge upwards.
Jun 04, 1990; ... Crude Futures Nudge Upwards SHORT-COVERING as local floor traders and European buyers closed previously held crude oil positions on the New York Mercantile Exchange gave prices a late bounce ahead of a three-day weekend for European traders. Consequently, U.S. crude futures closed ...
Wainoco Oil will pay $16.5 million for Tredegar's oil, gas holdings.
Jun 04, 1990 ... Wainoco Oil Will Pay $16.5 Million For Tredegar's Oil, Gas Holdings HOUSTON -- Wainoco Oil Corp. has agreed to buy all of Tredegar Industries Inc.'s U.S. oil and gas properties for $16.5 million. The purchase, effective May 1, 1990, is expected to be completed by the end of June ....
Partners Oil buys stake in 2 blocks.
Jun 04, 1990 ... Partners Oil Buys Stake in 2 Blocks HOUSTON -- Partners Oil Co. disclosed that it acquired a 75 percent working interest in two Gulf of Mexico natural gas producing properties from Atlantic Richfield Co. for $5.2 million. It said that the Norda Padre Island offshore ...
Comstock's bank debt is retired. (Comstock Resources Inc.)
Jun 04, 1990 ... Comstock's Bank Debt is Retired DALLAS -- Comstock Resources Inc. retired its $9.6 million bank debt with Union Bank of Los Angeles and First City Texas with proceeds from the closing of a nearly $14.4 million offering. The company indicated that remaining net proceeds ...
Analysts see continued cautious USX effort to sell some steel, oil holdings.
Jun 04, 1990; ... Analysts See Continued Cautious USX Effort to Sell Some Steel, Oil Holdings NEW YORK -- Just shy of a month ago, Carl C. Icahn tried unsuccessfully to secure stockholder support for his plan to force USX Corp. to spin off at least 80 percent of its steel operations. ...
McDermott International Inc. (company profile)
Jun 04, 1990 ... McDermott International, Inc.McDermott International Inc. was incorporated under the laws of the Republic of Panama in 1959. International is the parent of the McDermott group of companies which includes McDermott Inc. The Marine Construction Services segment consists of the ...
Lower U.S. finding costs indicate ongoing rebound, study suggests. (Arthur Andersen and Co. oil and gas finding study)
Jun 04, 1990; ... Lower U.S. Finding Costs Indicate Ongoing Rebound, Study Suggests HOUSTON -- U.S. finding costs for reserve additions are at their lowest levels in five years for the 30 largest companies, suggesting that the oil and gas industry's health is continuing to improve, a new Arthur ...
Energy bankers more enthusiastic about petroleum and gas prospects.
Jun 04, 1990; ... Energy Bankers More Enthusiastic About Petroleum and Gas Prospects ENERGY BANKERS, while stopping well short of the dizzy lending pace of the late 1970s and early '80s, are nonetheless increasingly enthusiastic about oil and gas in the '90s. Primary reasons range from ...
'Energy companies rethinking their banking alignments.'
Jun 04, 1990; ... `Energy Companies Rethinking Their Banking Alignments' "BANKS' Energy Activities Put Under Houston-Based Single Management" ran the headline in The Oil Daily in late May. The story detailed New York-based Chemical Banking Corp.'s move to combine energy sector activities ...
Graham going public. (Graham Petroleum Corp.)
Jun 04, 1990; ... Graham Going Public GRAHAM Petroleum Corp. is planning to go public in a bid to become one of the biggest independent oil producers in the Illinois Basin. President R. J. Graham said he hoped to raise as much as $9 million by selling 30 percent of the ...
South Africa sees end of oil sanctions with deregulation efforts.
Jun 04, 1990 ... South Africa Sees End of Oil Sanctions with Deregulation Efforts CAPE TOWN -- South Africa's political reform drive may bring changes to its oil industry, one of the most secretive and regulated sectors of its sanctions-hit economy. The country, well endowed with most ...
Esso-Shell joint venture finds gas off China's Pearl River Delta.
Jun 04, 1990 ... Esso-Shell Joint Venture Finds Gas Off China's Pearl River Delta HONG KONG -- A new condensate gas field has been discovered off China's Pearl River Delta. Tang Pei Ji, head of the China National Offshore Oil Corp.'s (CNOOC) Hong Kong office, said the new field had been ...
Operator of Utah refinery indicted. (environmental law violations by Ekotech Inc.)
Jun 04, 1990 ... Operator of Utah Refinery Indicted SALT LAKE CITY -- A waste management company that ran a Utah refinery has been charged with felony violations of federal environmental laws, U.S. Attorney General Richard Thornburgh said. Thornburgh announced the indictments against ...
Lummus Crest to acquire the rights to market MTBE process. (Lummus Crest Inc.; methyl tertiary butyl ether)
Jun 04, 1990; ... Lummus Crest to Acquire the Rights to Market MTBE Process HOUSTON -- The rights to market a chemical process for making isobutylene, a feedstock for methyl tertiary butyl ether (MTBE), will pass to ABB Lummus Crest Inc. as part of a transaction in which the developer of the ...
Product prices fall off sharply.
Jun 04, 1990; ... Product Prices Fall Off Sharply THIS WEEK'S American Petroleum Institute statistics showed U.S. refiners have increased their operation levels, raising total gasoline production and total gasoline stocks. At ...
Chevron, Soviets focus on breakthrough E&P accord. (oil and gas exploration)
Jun 05, 1990; ... Chevron, Soviets Focus on Breakthrough E&P Accord WASHINGTON -- A joint venture package detailing arrangements to generate hard currency for Chevron Corp. through sales of Soviet crude oil to the West is in the process of being hammered out, The Oil Daily learns. A ...
Active rig count drops to 983. (oil well drilling rigs)
Jun 05, 1990; ... Active Rig Count Drops to 983 DALLAS--Continued crude oil price weakness and wet ground in Oklahoma contributed to last week's 18 rig decline to 983 units, according to I.C. Kerridge, Baker Hughes vice president for shareholder relations. Last week's decline was from ...
Supreme Court agrees to hear Order 500 case. (gas transmission industry take-or-pay costs case)
Jun 05, 1990; ... Supreme Court Agrees To Hear Order 500 Case WASHINGTON -- The Supreme Court has agreed to review a federal court decision that would invalidate Order 451, a major ruling by the Federal Energy Regulatory Commission, that has millions of dollars at stake for natural gas producers. ...
Corporate raiders adjusting tactics, API meeting told. (American Petroleum Institute)
Jun 05, 1990; ... Corporate Raiders Adjusting Tactics, API Meeting Told TARPON SPRINGS, Fla. -- The "involuntary restructuring" that reshaped the U.S. petroleum industry in the 1980s is over, a top financier said Monday. Roberto G. Mendoza, vice chairman of J.P. Morgan & Co, Inc., made ...
Altamont pipeline project advances.
Jun 05, 1990; ... Altamont Pipeline Project Advances LOS ANGELES -- California's "appetite" for natural gas appears hearty enough to support the proposed Altamont pipeline from western Canada, sponsors of the proposal signaled Monday. Altamont officials announced that they now have ...
Calls for precedent-setting environmental review.
Jun 05, 1990; ... Calls for Precedent-Setting Environmental Review NEGOTIATIONS involving North Carolina, the U.S. Minerals Management Service and a consortium of oil companies led by Mobil Exploration and Producing U.S. Inc. are entering a new phase now that MMS has completed a preliminary ...
Elastol gets its chance at Connecticut oil spill. (product causing hydrocarbons to coagulate)
Jun 05, 1990; ... Elastol Gets Its Chance At Connecticut Oil Spill SHORTLY AFTER 6 p.m. on April 30, the tanker Stolt Luisa Tando was trying to offload No. 2 heating oil at Gateway Terminal in the harbor of New Haven, Conn., when a misaligned valve allowed the ship's cargo to begin spilling. About ...
Gas futures set new July low.
Jun 05, 1990 ... Gas Futures Set New July Low THE JULY NATURAL gas futures contract on the New York Mercantile Exchange traded down to $1.575 per million British thermal units on Monday, setting a new contract low. "If it can break through the $1.575 mark we should see more aggressive ...
Crude futures close lower.
Jun 05, 1990; ... Crude Futures Close Lower TECHNICIANS took the reins on Monday in a lightly traded crude futures contract taking prices 36 cents a barrel lower at the New York Mercantile Exchange. Europeans were noticeably absent in the futures market because most countries observed ...
Pipelines urge FERC to 'press forward' on rate reform issue.
Jun 05, 1990; ... Pipelines Urge FERC to `Press Forward' on Rate Reform Issue WASHINGTON -- The Federal Energy Regulatory Commission issued a major policy statement on pipeline rate design exactly one year ago, but the agency is not moving fast enough to suit some frustrated pipeline companies and ...
Reports of Meridian's Austin Chalk test stir TIPRO members. (Meridian Oil Inc.; Texas horizontal oil well; Texas Independent Producers and Royalty Owners Association)
Jun 05, 1990; ... Reports of Meridian's Austin Chalk Test Stir TIPRO Members SAN ANTONIO, Texas -- A published report that Meridian Oil Co. had tested more than 12,000 barrels daily of oil in a horizontal well about midway between the Pearsall and Giddings fields in Texas' Austin Chalk trend ...
On the West Coast, more twists in a maze of rules. (California environmental policy)
Jun 05, 1990; ... On the West Coast, More Twists in a Maze of Rules AHEAD of the pack in forceful regulation, California has created an elaborate patchwork of rules for petroleum refiners and marketers. One company official, based in California, expresses a fear of "tremendous economic ...
Legislatures push reform in two East Coast states. (New Jersey and New York's oil spill liability legislation)
Jun 05, 1990; ... Legislatures Push Reform In Two East Coast States NEW JERSEY's legislature has been working on a package of bills that has many people worried in the oil and petrochemical industries. New York's lawmakers are continuing to take a more restrained approach to legislation covering ...
American NuKEM buys ENSR. (hazardous waste management and environmental services industry)
Jun 05, 1990 ... American NuKEM Buys ENSR ENSR CORP. has carved itself a sizable niche as an environmental services company, much of its environmental assessment and remediation work involving the oil industry. Now Houston-based ENSR has become part of the larger niche of American NuKEM Corp. ...
Burning issues and land bans. (Port Arthur, Texas, chemical waste disposal facility)
Jun 05, 1990 ... Burning Issues and Land Bans WHEN THE Environmental Protection Agency announced last month its final rule on land disposal bans, it delayed the bans until Nov. 7 for refining wastes in order to allow more disposal capacity to come on-line. One big incineration plant and a ...
Meetings explore hazardous waste management.
Jun 05, 1990 ... Meetings Explore Hazardous Waste Management HAZARDOUS materials are having their day. More than one day, actually. Today through Thursday in Atlantic City, N.J., the HazMat International '90 conference will feature a broad range of technical sessions, workshops and exhibits on ...
Major Canadian oil companies move ahead on dramatic restructuring plans.
Jun 05, 1990; ... Major Canadian Oil Companies Move Ahead on Dramatic Restructuring Plans OTTAWA -- Canada's major integrated oil companies are continuing their dramatic restructuring in the face of dropping consumer demand and huge oversupply of retail stations. The top three Canadian ...
Denmark transfers North Sea concessions to Statoil, DUC. (oil and gas concessions; Danish Underground Consortium)
Jun 05, 1990 ... Denmark Transfers North Sea Concessions to Statoil, DUC COPENHAGEN -- Denmark has given oil and gas concessions in its North Sea sector to the Danish Underground Consortium and Norway's Den Norske Stats Oljeselskap A/S, the energy minister said. Under an agreement with ...
Gasoline prices show softening.
Jun 05, 1990; ... Gasoline Prices Show Softening WHOLESALE GASOLINE prices followed through on the Friday weakness with further price softening on Monday, June 4. At the same time the unleaded gasoline futures contract on the New York Mercantile Exchange also traded at weaker levels. ...
Saudi price moves not undercutting OPEC accord.
Jun 06, 1990 ... Saudi Price Moves Not Undercutting Opec Accord Reports that Saudi Arabia is discounting its formula prices for July, ranging from 25 cents to a maximum of 70 cents a barrel, should not be interpreted as anything but a marketing matter and not a signal that the kingdom is giving up ...
Saudi oil minister reiterates OPEC quota, rebuts 'imaginary' report. (Hisham Nazer) (transcript)
Jun 06, 1990 ... Saudi Oil Minister Reiterates Opec Quota, Rebuts `Imaginary' Report Following is a verbatim translation from Arabic of the statement released to The Oil Daily by Saudi Arabia's Minister of Petroleum & Mineral Resources, Hisham M. Nazer. "There is absolutely no basis in ...
Star Enterprise to make major refinery investment.
Jun 06, 1990; ... Star Enterprise to Make Major Refinery Investment HOUSTON -- Star Enterprise announced a major upgrading of its Port Arthur, Texas, refinery, that will allow the plant to produce more gasoline, diesel fuel and other light products from heavier grades of crude oil. A ...
IEA: world consumption rising. (International Energy Agency; oil consumption)
Jun 06, 1990; ... IEA: World Consumption Rising The International Energy Agency's Monthly Oil Market Report shows strong oil consumption increases among the OECD countries of Europe and the Far East for the first quarter of 1990, with North America lagging behind largely due to an exceptionally ...
Lawmaker to launch effort to unblock pipeline plans. (Rep. Mike Synar)
Jun 06, 1990; ... Lawmaker to Launch Effort To Unblock Pipeline Plans WASHINGTON -- Rep. Mike Synar, D-Okla., says he plans to conduct a congressional oversight hearing concerning the lengthy delays year after year at the Federal Energy Regulatory Commission in approving major pipeline construction ...
Ethyl asks waiver to market MMT. (Ethyl Corp.; methylcylopentadienyl manganese)
Jun 06, 1990; ... Ethyl Asks Waiver To Market MMT WASHINGTON -- Ethyl Corp. is seeking a Clean Air Act waiver so it can market methylcylcopentadienyl manganese (MMT) as an octane enhancer. The Environmental Protection Agency said Tuesday that it will hold a public hearing June 22 at its ...
How Bill Adams plans to build Union Pacific Resources of the '90s.
Jun 06, 1990; ... How Bill Adams Plans to Build Union Pacific Resources of the '90s Bill Adams is bullish on America and has 40 drilling rigs running to prove it. But he still invests about 10 percent of Union Pacific Resources Co.'s exploration budget overseas as a hedge for the next century. ...