TotalFina-Elf sees further synergies from its mergers

Article Abstract:

TotalFina-Elf SA could see an additional 250 million euros in savings from its recent acquisitions. The group is forecasting 2.35 billion euros in savings a year.

France, TotalFina ELF S.A.

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U.S. weighs financing plan for reconstruction of Iraq

Article Abstract:

A plan to mortgage revenues from Iraqi oil in order to pay for that country's reconstruction is being studied by the Bush administration. The plan entails the issuing of trade credits or securities.

Strategy & planning, International politics, Iraq, Planning, Natural gas, International relations, Gas industry, Bush, George W., Company business planning, Postwar reconstruction, Foreign policy

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Crude calculation: awash in a gusher of cash, oil firms are reluctant investors

Article Abstract:

Though oil companies are collecting substantial profits, they are choosing not to invest in exploration and drilling in hopes of staving off a glut in oil supply which, though good for the economy, could potentially spell doom for their bottom line and their investors. Meanwhile, analysts at the International Energy Agency are warning that the current lack in oil and gas exploration could lead to a severe lack of supply to meet the demand necessary to keep world economies afloat.

Europe, Market information - general, Forecasts, trends, outlooks, Sales & consumption, Production management, Commodity & service prices, Organization of Petroleum Exporting Countries, Asia, Petroleum refining, Middle East, Capacity, Capital Management-Stock Repurchase, Industry Overview, Analysis, Conferences, meetings and seminars, Prices and rates, Forecasts and trends, Supply and demand, International aspects, Organization of the Petroleum Exporting Countries, Market trend/market analysis, International Energy Agency, Oil and gas exploration, Petroleum exploration, Stock redemption, Company pricing policy, Consumption data, Industry forecasts

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