Mark IR met with Whelan group last Fri. Hearing that they have endorsed RNTK.
Read following, at last para; do you see 325K bbls per day ?
Texaco launches global gas and power organization
White Plains, N.Y., June 25--Texaco has formed Texaco Global Gas and Power
(GG&P) to manage the company's worldwide natural gas, natural gas liquids,
electric power and synthesis gas marketing, and project development
activities. The new organization combines three formerly separate business
units: Texaco Natural Gas - North America; Texaco Natural Gas
International, and Texaco's Alternate Energy Department. Texaco Natural Gas
- North America will continue the functions of the former North American
unit, while the company's international activities will be covered by two
new units: International Marketing and Business Development, and Project
Development and Operations. International Marketing and Business
Development is responsible for commercializing Texaco's gas reserves for
wholesale and retail gas marketing in mature, deregulated countries like
the United Kingdom, and for developing gas-to-liquid conversion processes.
GG&P's Project Development and Operations team will look for new
international businesses by overseeing bid submissions, contract
negotiations, engineering, financing, construction and operations. Existing
power generation operations and commercializing Texaco's proprietary
gasification technology are also the responsibility of this unit. Texaco
Natural Gas - North America markets more than 3.3 billion cubic feet of
natural gas and 325,000 barrels of natural gas liquids daily. |
