Filtration Industry Analyst January 2000

MC Eurovent 11

&~rom, 1 .i! >

Airtech International

Group Inc 11

Mleghany Corp Mleghany Corp 8 8

4rvin Industries 4rvin Industries 12 12

bahi/America Inc bahi/America Inc 7, 13 7, 13

3aker Hughes Inc 3aker Hughes Inc 13 13

>algon CarborrCorp >algon CarborrCorp 13 13

&co Environmental &co Environmental

Corp Corp 12, ;6 12, ;6

=Cown’ Andersen Inc =Cown’ Andersen Inc 11 11

Xnaldson Co Xnaldson Co 13 13

Environmental Elements Environmental Elements

Corp Corp $1 $1

ZXX Electronics Corp ZXX Electronics Corp 12 12

:arWest Group Inc :arWest Group Inc 11 11

Ztegg Industries Inc Ztegg Industries Inc 13 13

iach Co iach Co ii ii

nterfilta (UK) nterfilta (UK) 11 11

onics Inc onics Inc 8, 11 8, 11

solyser Co Inc solyser Co Inc 12 12

-ydall Inc -ydall Inc 9, 13 9, 13

\Iletcalf & Eddy \Iletcalf & Eddy 11 11

Wet-Pro Carp Wet-Pro Carp 9 9

WFRl Inc WFRl Inc 16 16

Jail Carp Jail Carp 5, 11, 12, 16 5, 11, 12, 16

>arker Hannifin Corp >arker Hannifin Corp 6 6

Jet-&air Inc Jet-&air Inc 12 12

Severn Trent Services Inc Severn Trent Services Inc 12 12

Seychelle Environmental Seychelle Environmental

Technologies Inc Technologies Inc 11 11

Smith &.Loveless Inc Smith &.Loveless Inc 11 11

$pectum-Arabieh Inc $pectum-Arabieh Inc ‘12 ‘12

Synthetic Industries Inc Synthetic Industries Inc 13 13

The Viet fhang Textile Co The Viet fhang Textile Co 12 12

The Weir Group The Weir Group 16 16

Tokito Ltd Tokito Ltd 12 12

Trigen-Cinergy Solutions 12 Trigen-Cinergy Solutions 12

USFilter USFilter 11 11

Vivendi Vivendi 12 12

Whatman plc Whatman plc 1 1

WTC Industries Inc WTC Industries Inc 7 7

CONOCO CHAIRMAN

BACKS E-COMMERCE

The energy industry is indis- lensable to society, but must adapt itself to changes nought about by the explo- ;ion of information technolo- ly, says Archie Dunham, Zonoco’s chairman and chief :xecutive officer.

Dunham told the annual Arthur Andersen Energy Sym- losium that successful energy :ompanies must be fast, nim- ,le and aggressive and must :mbrace new technologies like :-commerce to become more :ompetitive and profitable.

Dunham said information ethnology was connecting :ompanies to all their stake- rolders in ways unimagined a decade ago. building important :lectronic links to suppliers in order to increase productivity, :ut cycle time and improve ustomer satisfaction.

TOTALFINA EXPANDS IN

LIBYA IotalFina and its partners Repsol YPF, OMV and Saga lave signed an agreement with Libya’s National Oil Zorp (NOC) to explore .he M-4 block in the Mur- mk region of southwestern Libya.

TotalFina holds a 24% nterest while Repsol YPF has 12%, OMV 24% and Saga LO%. Block M-4 covers an

area of around 12 300 km’ in the northern region of the Murzuk oil basin. Repsol YPF will operate it during the exploration phase.

The new agreement tits with TotalFina’s strategy to strengthen its positions in North and West Africa. Total- Fina is already present in the

Wurzuk Basin with a 30% nterest in the NC-l 15 block md has been a partner on Ilocks NC-186 and NC-187 ;ince November 1997.

EXXON AND MOBIL MERGER IS COMPLETED

Following approval from the US Federal Trade Commis- sion (FTC), oil giants Exxon Corp and Mobil Corp have nerged.

However the FTC says <xxon Mobil Corp must divest 1 number of assets including Jasoline stations, pipeline nterests and the Benicia retin- :ry near San Francisco.

The new company will rave nine months to satisfy nost of the FTC’s conditions, ,ut will have 12 months to sell he Benicia refinery and the 3alifornia marketing assets.

PHILLIPS’ SUCCESS IN

CHINA Phillips China Inc, a unit of Phillips Petroleum Co, has billed and tested a fourth iuccessful well on a large mticline in Block ll/OS of rhina’s Bohai Bay.

Immediate plans are to hill three additional appraisal #ells on the PL 19-3 field, lsing two drilling rigs, to delineate the productive area of he southern portion of this arge feature.

ESSO EXTENDS BRAZILIAN ACTIVITIES

Esso Brasileira de Petroleo Limitada has signed a joint venture agreement with Petroleo Brasileiro SA (Petrobras) for an interest in a third deepwater explo- ration block in the Amazon Mouth Basin.

Esso now has an interest in seven deepwater blocks off- shore Brazil. Under the terms

If the agreement, Esso will rave a 20% interest in BFZ-2. ‘o-venturers in the block nclude British Petroleum 3rasil Limitada, with 35%; Elf ‘etroleos do Brasil Limitada .vith 15%; and Petrobras with 30%.

MAJOR ENERGY COMPANIES

REPORT STRONG Q3

iccording to figures from :he US Energy Information Administration, overall net ncome for the 17 major petroleum companies nearly loubled between the third quarter of 1998 and the third quarter of 1999 to US$6.4 ,illion, rebounding from declines in the previous two Iuarters.

The growth in earnings ,vas attributable to the majors’ Norldwide upstream opera ions. Earnings for domestic md foreign oil and gas produc- ion increased primarily as a .esult of improved crude oil md natural gas prices while the najors’ earnings from world- Nide downstream operations declined. Domestic operations ,vere hit by narrower market-

42 margins while foreign :arnings declined predomi- lantly because of the depressed margins in the ndustry. Earnings from chemi- :a1 operations also fell as feed- ;tock prices rose faster than :ommodity prices.

Crude oil prices increased Ilmost US$S per barrel, rising 37% in the third quarter this fear compared with a year ago. ‘rices increased as a result of lroduction cutbacks and increased world demand.

HALLIBURTON VESSEL SERVES

PEMEX Halliburton de Mexico SA de CV, a wholly owned sub- sidiary of Halliburton Ener- gy Services Inc, is to provide