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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Dec 17, 2003
Page
3
Russian oil firms Yukos and Sibneft agreed to abort their $11 billion merger ending weeks of speculation. They discuss terms of separation and reverse the deal exchange of shares and cash. No settlement terms yet and no official confirmation of dissolution.
Washington AP reports a 50 percent surge in natural gas prices since late November spurring demands in Congress for an investigation into possible market manipulation and price gouging. Officials cite weather, high demand, and potential futures trading factors while agencies watch for illegality.
Alaska Gov. Frank Murkowski hopes to lure new players into a large diameter North Slope natural gas pipeline by offering state royalty gas as bait. With federal energy bill stalled and no Stranded Gas Act applications yet, renewed pipeline interest appears from TransCanada Pipelines Ltd. and others, per John Katz, head of Alaska’s Washington office.
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