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Reports on the role of oil and gas companies in the United States in financing campaigns. Political action committees' contributions; Limits given to corporations.

Reports on the high turnout of independent petroleum producers at the September 25, 1996 federal oil and gas lease sale in the Gulf of Mexico. Bids made by Burlington Resources Inc. alone and in partnership with Amerada Hess Inc.; Anadarko Petroleum Corp.'s deep-water bid; Blocks picked up by Louisiana Land and Exploration Co.; Most sought-after parcels.

Reports that the Petroleum marketers have heard good and bad news during the week beginning March 18, 1996. What the news was; Role of the Petroleum Marketers Association of America (PMAA) in petroleum marketing.

Reports on the financial performance of the oil companies in the fourth quarter of 1995. Kerr-McGee Corp.; Fina Inc.; Mapco Inc.

Reports that a study of the National Transportation Safety Board has criticized the Research and Special Programs Administration's (RSPA) system of assessing pipeline safety in the United States. Accusations against the RSPA; Need for comprehensive base of information about the condition of pipelines; Collection and use of gas and hazardous liquid pipeline accident data.

Reports on Forest Oil Corp.'s agreement to acquire Atcor Resources Ltd. Acquisition of all issued and outstanding class A and B shares; Atcor as one of Canada's biggest natural gas marketers; Forest's decision to purchase partly due to Canadian gas reserves being cheaper than in the United States.

Reports on a budget tax bill approved by the US House Ways and Means Committee that provides a net tax cut of $85 billion over five years. Representative Bill Archer's proposal to cut the federal subsidy on ethylene; Cuts in the inheritance tax; Elimination of the net income limitation on percentage depletion.

Reports on the continued development of the oil and gas reserves at the Cusiana-Cupiagua complex in Colombia. Number of wells that were shut down due to rebel attacks; Number of workers affected by the shutdown; Foreign oil companies involved in the development of the wells; Production capacity of the oil field.

Reports that Venezuelan lawmakers have agreed to a U.S.-Venezuelan joint venture to develop and upgrade the extra-heavy oil reserves in the Orinoco Belt. Involvement of Corpoven SA, Atlantic Richefield Co, Phillips Petroleum Co. and Texaco Inc. in the Hamaca venture; Production capacity aimed by the companies; Rating for a bond offering to finance a similar project by Conoco Inc. and Maraven SA.

Reports on the success of the third round of marginal field reactivation in Venezuela. Total amount in winning bids; PDVSA's revision of its estimates of oil production by 2006; Oil executives' comments on Latin America's investment potential; Foreign oil firms participating in the bidding process.

Reports on the activities related to the third auction of marginal oil fields in Venezuela. Total amount offered by winning bidders; Lasmo plc's spendings on the Dacion field in eastern Venezuela; Oil fields that drew no bids.

Reports on Lasmo PLC's winning bid for Petroleos de Venezuela SA's Dacion oil field in Venezuela. Range of bids; Previous production of the field; Lasmo's investment plans in the field; Other Petroleos properties awarded at the auction.

Reports on the total bids collected by Venezuela during its three-day auction of marginal fields. Failure of the smallest field Cretacico Sur to attract interest; Fields awarded.

Reports that Venezuela's bids for the third round of marginal field reactivation would likely top $1 billion, according to Petroleos de Venezuela SA president Luis Giusti. Results of auctions on June 3, 1997; Bidders and awardees.

Reports on the start of the bidding round for 20 oil fields in Venezuela on June 2, 1997. Expected competition in the Third Operating Agreement Round; Estimated number of companies that qualified for the right to participate in the bidding; Estimated oil reserves in the fields included in the bidding.

Reports on the results of the bidding for the third round of marginal field reactivation in Venezuela. Amount of funds raised from the first three fields auctioned on June 2, 1997; Permission given to Venezuelan firms to bring in foreign partners; Production capacity at the auctioned fields.

Reports that Ecopetrol has opened the bidding of shared-risk contracts for the Retorno oil and gas fields in Colombia. Terms of the contracts; Location of the fields; Use of the contracts to lure foreign investors; Difference of the contracts from the country's traditional association contracts.

looks into the market potentials of the Venezuelan Orimulsion boiler fuel in emerging, energy-importing countries. Market failure of the boiler fuel in the United States due to environmental concerns; Main markets of the boiler fuel include Japan, Brazil and Canada.

Reports that the Department of Energy (DOE) has officially placed its share of the Elk Hills Naval Petroleum Reserve in California on sale. CS First Boston as DOE's investment bank in the process; Estimated revenue from sale; Qualifications for bidders.

Reports on Benton Oil and Gas Co.'s financial performance for the first quarter of 1997. Net income; Earnings per share; Production for the first quarter; Previous year figures.

Reports that natural gas and products consumption will leap over the next decade as the Brazilian economy grows, according to Petroleo Brasiliero SA. Percentage growth of demand for natural gas per year through 2006; Oil production and consumption in Brazil in 1996; Sources of oil products to meet the growing demand.

Reports on the forecasted growth in crude oil production and exports of Colombia to the United States in 1997. US oil imports to Colombia; Main reasons for the forecast rise; Increase in the production capacity of the oil fields in Cusiana and Cupiagua; Colombian oil production 1995 and 1996.

Reports on the growing interests from oil and gas companies for the third round of marginal oil field reactivation in Venezuela. Estimated number of firms that have prequalified for the round; Estimated oil reserves in the fields; Estimated number of wells available for bidding.

Reports on a study commissioned by the state of Alaska, which examines the feasibility of transporting Alaska North Slope gas to Valdez, Alaska to be liquefied and sold in East Asia. Projected volume of liquefied natural gas (LNG) per year; Costs of production; Projected return on investments.

Reports on El Paso Energy Corp.'s plans to invest in Latin American oil and gas industries. Interest purchased in Capsa; Equity interest in the Bolivia-to-Brazil gas pipeline; Factors influencing the decision of El Paso to invest in Latin America; Teamup with Petroleos Mexicanos.

Reports that has Colombia has revealed plans to lower its royalty rate on oil production to 12% from the current 20% at a meeting with American government and oil company officials in Cartagena. Highlights of the meeting; Criticisms on the Colombian investment climate; Colombia's plan to establish security funds to finance greater military protection of oil installations.

Reports on US Deputy Assistant Secretary of State for Energy William C. Ramsay's belief that oil and gas company chief executives should get involved in the sanctions formulation process. Choices involved in crafting sanctions; Economic sanctions as a tool of foreign policy; Iran as an illustrative case.

Reports on the first bilateral energy meeting in the Colombian city of Cartagena between representatives from the United States and Colombia. Discussion on estimated $4.5 billion energy projects, including oil and gas schemes; Colombia's concern about possible oil output declines early next century unless more money is put into exploration and production; Colombia's efforts to attract investment money.

Reports on the performance of oil sector stocks in the United States as of April 1, 1997. Decline over the past three trading days; Percentage drop in S&P 500 index; Gains by oil sector and S&P 500 in 1996; Implication of the Federal Reserve's decision to raise short-term interest rates to prevent inflationary pressures on the hard assets.

Reports on gasoline marketers' support for legislation introduced by Representative Ernest Istook designed to strengthen the collection of state taxes on new American Indian lands. Inability of Indians to sell a gallon of gasoline for 20 to 30 cents less than their non-Native competitors; Law's requirements for tribes; Other issues affected by the legislation.

Reports on the battle to maintain the tax subsidy on ethanol with opponents and supporters giving copies of studies that draw opposite conclusions about the benefits or drawbacks of the tax break. Impact of the increase in price and output of corn associated with ethanol use, on net farm income; Argument by the congressional watchdog agency General Accounting Office.

Reports on the positive prospects for oil and gas investors of the decline in commodity prices in the United States. Percentages of price decline suffered by oil and gas products; Suggestions for investors from securities analysts and industry players; Factors behind the drop in oil and gas prices; Recommended stocks.

Reports on an increase in the American petroleum industry's stocks following the record lease sale in the Gulf of Mexico. Increase in the Standard & Poor's index of seven drilling and equipment companies; Impact of a previous drop in commodity prices.

Reports on the race discrimination lawsuits filed against Shell Oil Co. in California and Texas. $100 million charges in Shell's retail and marketing operations; Environmental problems associated with the firm; Similar cases facing Pennzoil Co. and Coastal Corp.

Reports that Colonial Pipeline Co. will implement pipeline safety recommendations from the Department of Transportation's (DOT) Research and Special Programs Administration (RSPA). Factor that influence Colonial to implement DOT's pipeline safety recommendations; Colonial's total accident rates; Plan to revamp its Supervisory Control and Data Acquisition system.

Reports on the salaries of chief executive officers in the petroleum industry in 1995. Salary of Charles J. DiBona; William O'Keefe; Focus of the chief executives.

Reports on the alliance between Fina Inc. with Holly Corp. to supply refined petroleum products in the Southwest market. Expansion of Fina's network in the area; Estimated amount of gasoline and diesel to be produced by the alliance; Construction of pipeline extension in Texas to Orlando, Florida.

Reports that the US Department of Interior (DOI) has requested input on a plan that may allow exploitation of a northeastern portion of the National Petroleum Reserve-Alaska (NPRA). Presence of more infrastructure near the NPRA; Improvements in seismic technology; Reduced cost structure on the North Slope; Economical nature of development in NPRA.

Reports on US Representative Patrick J. Kennedy's plan to propose sanctions legislation against Indonesia in protest of human rights atrocities in East Timor. Several oil companies with investments in Indonesia; Launching of anti-sanctions campaign by several business organizations; Other countries included in the US sanction list.

Details the new level of cooperation between the United States and Russian oil and gas industries, established during a meeting at the Moscow International Petroleum Club. Atlantic Richfield Co.'s joint venture with LUKoil; Success of the meeting between US Vice President Al Gore and Russian Prime Minister Viktor Chermonyrdin; Russians' support on the law on production-sharing agreements.

Reports on the financial performance of Pennzoil Co. in fiscal 1996. Net income; Total revenues; Adjusted income; Fourth quarter earnings; Operating income in the fourth quarter.

Details plans by Amoco Corp. and Shell Oil Co. for a deep-water oil and natural gas exploration project in the eastern part of the Gulf of Mexico. Utilization of a tension-leg platform for the project; Expected oil and gas capacity; Amoco's identification of other projects in the Gulf; Description of the oil and gas pipeline systems to be used by Amoco in the Gulf project.

Details the 1997 capital and exploration budget of Mobil Corp. Acquisition of Ampolex Ltd. and a 25 percent interest in the Tengiz field in Kazakstan; Mobil's efforts to increase upstream projects as a share of its overall asset base; Negotiation of a production-sharing contract with Monument Oil and Gas; Projected refining and marketing spending.

Reports on the reservations expressed by Global Climate Coalition during a press conference held in January 1997 in Washington about a proposal for a global cut in greenhouse gas emissions. Concerns over job losses and higher energy costs; Proposal as part of the negotiations related to the United Nations Framework Convention on Climate Change; Features of the draft protocol.

Reports on Alaska Governor Tony Knowles' visit to Russia to promote state oil field service companies. Specific objective of Knowles' visit; Benefit of the trip on non-Alaska companies; Background on development projects in Russia.

Reports that Mobil Exploration & Producing US Inc. has sold its interest in 27 fields in the Permian Basin of West Texas and New Mexico to Titan Resources LP. Deal as part of strategy of focusing on fields with the greatest potential; Expected cuts from pretax operating costs from the sale of nonstrategic assets; New areas of focus for Mobil.

Focuses on oil and gas supply in the United States in 1996 as according to the American Petroleum Institute. Increased demand for petroleum products; Biggest year-on-year gain since 1993; Record high in American dependence on oil imports.

Reports on Alaska Governor Tony Knowles' visit to Houston, Texas to meet with officials from Exxon Co., USA, Anadarko Petroleum Corp. and Marathon Oil Co. Possibility of a memorandum of understanding on building a gas pipeline to Valdez and liquefaction plant for gas exports; Alaska's plan to build the world's safest oil transportation system in Prince William Sound.

Focuses on the possibility that independent refiners and marketers may not have the same cushion of enforced antitrust laws to protect them as prevailed in an earlier era. US Federal Trade Commission's hands-off approach to mergers and acquisitions; market-concentration concerns.

Reports on Unocal Corp.'s sale of its 50 per cent interest in Uno-Ven Co to Petroleos de Venezuela SA (PDVSA). Implication of the deal on the ownership of the refinery in Lemont Illionis; Transition of Unocal from an integrated oil company to the world's largest independent oil and gas producer; Selling of the company's West Coast refining, marketing and transportation assets.