1999 Atlantic Richfield (Arco) acquired by BPAmoco. Total Fina and Elf Aquitaine agree to merge. Panama Canal reverts to Panamanian authority

2002 Construction started on BTC pipeline bringing oil from Baku to the Mediterranean. Conoco and Phillips merged to form ConocoPhillips. US threatens invasion of Iraq to stop development of weapons of mass destruction. Oil tanker Prestige sunk off NW coast of Spain.
December: National strike in Venezuela shuts down Venezuelan oil production

2003 BP purchased 50% interest in TNK, the 4th largest Russian oil company. US Senate rejects proposal to allow oil exploration in the Arctic National Wildlife Refuge (ANWR) in northern Alaska.
US led invasion of Iraq, Saddam toppled. Mikhail Khodorkovsky, CEO of Yukos Oil Co arrested

Source: Energy Intelligence