The Oil Daily articles from April 2007

The Oil Daily archives from April 2007

Sakhalin-1 environmental probe begins.
April 2, 2007... Russia's environmental oversight committee on Friday began a probe into possible environmental violations at the Exxon Mobilled Sakhalin-1 development on Russia's Pacific shelf, where a similar investigation already ground a neighboring project...

Dingell vows to forge climate consensus.(John Dingell to produce eco-friendly bill conducive to everyone)
April 2, 2007... Under pressure from the House of Representatives Democratic leadership to craft climate change legislation, but facing opposition from key Republicans and some businesses, Energy and Commerce Committee Chairman John Dingell (D-Mich.) on Friday...

Ecuador declares force majeure on exports due to protests.
April 2, 2007... Petroecuador announced force majeure on exports of its Oriente and Napo crude on Friday due to protests by local residents at the state oil company's Amazon oil fields and low inventories in its refining network. Petroecuador said it needed to...

Iran fears spur surge of speculative cash into oil markets.
April 2, 2007... In 2004, Chinese demand growth was the main driver for oil markets. In 2005, it was Hurricanes Rita and Katrina. Last year, new product regulations were largely responsible for pushing up prices. For 2007, it appears that tensions surrounding...

Daily oil & gas price review: prices for Friday, March 30, 2007.
April 2, 2007... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -0.18 62.02 60.34 56.97 LLS (St. James) +1.32 72.07 68.36 63.87 ANS...

NatGas rally threatened by weak spring; traders eye movements in oil market.
April 2, 2007... What a difference a week can make in the natural gas industry. Two weeks ago, prices were hovering within a 10 cents trading range, but that all changed last week as market bulls burst into the china shop just as April gas moved toward expiry....

Baker Hughes drilling report.(Report)(Brief article)(Statistical data)
April 2, 2007... US Rig Count Rises by Four The number of drilling rigs searching for oil and gas in the US rose by four to 1,749 last week, Baker Hughes said Friday. During the same week last year, there were 1,576 rigs at work. The number of rigs...

Costs up as Aramco, Exxon, Sinopec finalize Fujian plan.
April 2, 2007... Chinese Sinopec, Saudi Aramco and US supermajor Exxon Mobil on Friday set the final seal on a $5 billion refining and petrochemicals project in China's Fujian province, ending years of wrangling over a venture that won initial approval in 2000....

Coalition calls on Congress to support coal-based fuels.
April 2, 2007... A coalition of mining groups, labor unions and coal-dependent industries are pushing Congress to provide incentives for the commercial production of coal-based vehicle and aviation fuels. The Coal to Liquids Coalition, which held a press...

PDV clarifies Orinoco terms.(Top Briefs)(Petroleos de Venezuela S.A.)(Rafael Ramirez)(Brief article)
April 2, 2007... Venezuela will recognize only "booked investments," rather than current net value, in its takeover of four multibillion-dollar oil projects, the oil minister told local media in comments published on Friday. Venezuela decreed in February...

Bolivia approves contracts.(Top Briefs)(Brief article)
April 2, 2007... Bolivia's senate approved on Friday a series of contracts signed by foreign oil firms and the leftist government nearly a year after President Evo Morales nationalized the country's energy industry. The senate's approval of 40 revised...

Ensco adds enhanced rig.(Corporate News)(Brief article)
April 2, 2007... Dallas-based offshore driller Ensco International announced Friday the delivery of Ensco 108, an enhanced design jack-up rig constructed by Keppel FELS in Singapore, to an unnamed customer. The rig is contracted to work in Indonesia until...

Port workers reach draft deal.(International)(Brief article)
April 2, 2007... Strikers at the Fos-Lavera oil hub and Gaz de France (GDF) officials signed a draft deal late on Friday to end a 17-day strike that threatened to shut down refineries, a local government official said. "A draft agreement to end the strike...

PDV wins Orimulsion case.(Latin America)(Petroleos de Venezuela S.A.)(Brief article)
April 2, 2007... Venezuela's state-owned oil company Petroleos de Venezuela (PDV) won an international arbitration case against Italian utility Enel over an Orimulsion contract renewal dispute, PDV said in a statement Thursday. PDV had sold Orimulsion to...

Official manipulated reports.(Interior Department's report on Julie MacDonald, deputy assistant secretary for fish, wildlife and parks)(Brief article)
April 2, 2007... A top government official "bullied, insulted and harassed" staff of the US Fish and Wildlife Service to change scientific findings relating to the Endangered Species Program, according to the Interior Department's inspector general. The IG...

Bill tackles vehicle emissions.(Legislation/Regulation)(Brief article)
April 2, 2007... A trio of Senators introduced legislation aimed at reducing carbon dioxide emissions from motor vehicles. The measure was introduced Friday by Sens. Dianne Feinstein (D-Calif.), Susan Collins (R-Maine) and Olympia Snow (R-Maine). The bill...

Spectra plans storage hike.(Natural Gas)(Spectra Energy)(Brief article)
April 2, 2007... Spectra Energy, the Houston-based parent of Texas Eastern Transmission and Algonquin Gas Pipeline, is seeking Federal Energy Regulatory Commission (FERC) approval to expand the capacity of its proposed salt cavern natural gas storage facility...

FERC makes Elba statement.(Natural Gas)(Federal Energy Regulatory Commission)(Brief article)
April 2, 2007... The US Federal Energy Regulatory Commission (FERC) on Friday issued a draft environmental impact statement for Phase-3 expansion of the El Paso-operated Elba Island receiving terminal near Savannah, Georgia (OD Dec.22'05,p1). The statement...

Speculators cut net longs.(Oil & Gas Markets)(Brief article)
April 2, 2007... Speculators on the New York Mercantile Exchange cut net long positions in crude oil last week but boosted net longs in RBOB ahead of gasoline season, the Commodity Futures Trading Commission said Friday. Crude speculators cut net long...

ETP completes Texas pipe.(Pipelines)(Energy Transfer Partners)(Brief article)
April 2, 2007... Energy Transfer Partners (ETP) has completed the final phase of its 42 inch diameter pipeline construction project to connect its 36 inch North Texas Pipeline (NTP), Barnett Shale pipeline system and Bethel Storage Facility to the Carthage Hub...

Chevron restarts refinery.(Refining)(Brief article)
April 2, 2007... Chevron began restarting units on Friday at its 243,000 b/d San Francisco Bay refinery in Richmond, California, after an extended overhaul, according to notices filed with California environmental regulators. The restart triggered minor...

Canadian gas storage.(Brief article)(Statistical data)
April 2, 2007... The amount of natural gas in Canadian storage facilities fell 8.4 Bcf to 100 Bcf for the week ending Mar. 23. Storage caverns were 28.3% full, compared to 30.7% the previous week and 43.6% a year ago, according to Enerdata. (Bcf) ...

Stock market scorecard.(Statistical table)
April 2, 2007... Integrated Close 1-Day % Chg. Majors 3/30 Chg. % Chg. 10-Day 52-Wk YTD Petro-Canada 39.21 +0.01 +0.03% +11.30% -16.04% -4.46% Eni 64.83 -0.06 -0.09 +6.45 +16.81 ...

Supreme court rejects Bush's climate policy.
April 3, 2007... In a 5-4 decision that could help reshape US climate change policy, the Supreme Court on Monday rejected the Bush administration's firm and longstanding view that it cannot regulate carbon dioxide and other greenhouse gas emissions under the...

Orinoco talks heat up for Conoco, PDV.(ConocoPhillips negotiates with Venezuela over Petroleos de Venezuela S.A. joint venture)
April 3, 2007... ConocoPhillips Chairman and CEO James Mulva said Monday that negotiations with Venezuela over the expropriation of the US oil major's heavy oil joint ventures and another oil field in the South American country have intensified, but that some...

Crude futures prices end higher in choppy trading.(Brief article)
April 3, 2007... Crude futures prices on Monday ended higher in a choppy trading session that was characterized by low volume, profit taking and shifting geopolitical concerns involving Iran and Nigeria. Those geopolitical fears are expected to continue...

Daily oil & gas price review: prices for Monday, April 2, 2007.(Statistical table)
April 3, 2007... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -0.15 61.87 61.05 55.68 LLS (St. James) +0.65 72.72 69.94 62.58 ANS...

Heavy oil revenues climb in Cuba for Canadian juniors Sherritt, Pebercan.( Sherritt International )
April 3, 2007... Two Canadian juniors are savoring the sweet taste of success in Cuba, not from white, sweet sugar cane but from the black, sour heavy crude oil underneath the cane fields on the northeast coast of the island nation. Montreal-based Pebercan and...

Heating degree days: for the week of Mar. 31, 2007.(Statistical table)
April 3, 2007... Week Dev Cum Dev From From From Week From Year Cum From Norm Year State/City (PADD) Total Norm Ago Total...

Republican warns Rice of dangers of gas Opec.(Condoleezza Rice )
April 3, 2007... A senior Republican in the US House of Representatives on Monday urged Secretary of State Condoleezza Rice to take decisive steps with its US allies to prevent an Opec-style gas cartel. "The creation of this cartel would pose a major and...

US refining margins soar, but could be near peak levels.
April 3, 2007... After beginning the year in the doldrums, US refining margins have climbed for 10 weeks straight and are averaging just less than $20 per barrel, the highest level since early August. Lower-than-average refinery utilization, robust demand,...

Sheehan exec stresses labor shortage in pipeline industry.
April 3, 2007... The North American pipeline industry needs about 10,000 workers as it's going into the traditional construction season of May through October. The shortage of personnel and materials may cause the industry to rethink the way it does business....

Itochu buys Gulf of Mexico gas properties from US Range Resources.
April 3, 2007... Japanese trading house Itochu has bought 15 Gulf of Mexico gas fields from US independent Range Resources for $155 million. The acquisition represents Itochu's first US gas production assets. In a statement Monday, Range said it had sold...

Drilling rig rates, service costs to remain robust through 2010.
April 3, 2007... Exploration and production companies hoping for an easing of service costs will have to keep waiting as demand for rigs and drilling services remains at strong levels. A host of factors have conspired to send rig rates and prices for...

French port strike ends.(Top Briefs)(Brief article)
April 3, 2007... The strike at the Fos-Lavera oil hub at the port of Marseille in southern France ended Saturday, easing worries over local fuel supply shortages (OD Apr.2,p6). The 17-day strike prevented scores of tankers from loading and discharging crude oil...

True trust conversion rejected.(Corporate News)(True Energy Trust)(Brief article)
April 3, 2007... Unitholders of True Energy Trust rejected the company's bid to convert it business from the trust format to a corporation, the trust said Friday. True said the measure didn't gather the necessary two-thirds support of unitholders at a vote...

Devon shoots down speculation.(Corporate News)
April 3, 2007... Devon Energy's top executive on Monday sought to shoot down rumors that the independent producer is interested in buying upstream assets being sold by Dominion. Devon CEO Larry Nichols told investors at the Howard Weil conference in New...

Oxy inks Yemen agreement.(contracts)(Occidental Petroleum)(Brief article)
April 3, 2007... US oil and gas firm Occidental Petroleum signed a production-sharing agreement with Yemen on Saturday for a block in Shabwa province, the official Yemeni news agency Saba reported. Under the accord, Oxy will invest $12.5 million during the...

UK oil worker abducted.(International)(Brief article)
April 3, 2007... A UK oil worker was kidnapped from an exploration rig offshore Bayelsa state in the Niger Delta on Saturday, but it was not clear who was responsible for the abduction. Reports said Nigerian gunmen attacked the Bulford Dolphin drilling rig...

Mexico, Brazil up cooperation.(Latin America)(Brief article)
April 3, 2007... Mexico and Brazil have agreed to form a joint commission to foster cooperation on issues like deepwater oil exploration and production and ethanol production. Brazil's Foreign Minister Celso Amorim and his Mexican counterpart Patricia...

Sonatrach shows interest in Peru.(Latin America)(Brief article)
April 3, 2007... Algerian state-owned energy company Sonatrach is discussing various investments projects with the government of Peru, including the modernization of the South American country's Talara refinery, according to a company official. Sonatrach...

CNPC strikes oil in Peru.(Latin America)(China National Petroleum Corporation)(Brief article)
April 3, 2007... China National Petroleum Corporation has made an oil discovery in Peru's northern jungle region, although it is too early to asses the commercial viability of the area, according to Peru's Ministry of Hydrocarbons. Peru's government news...

Lula: Petrobras will invest in Iran.(Petroleo Brasileiro S.A.)(Brief article)
April 3, 2007... Brazil's President Luiz Inacio Lula da Silva said his country will continue to invest in Iran despite US concern over the Islamic republic's nuclear program. Talking on the side of an official visit with President George W. Bush at Camp...

Chemical safety rules released.(Legislation/Regulation)(Brief article)
April 3, 2007... The Department of Homeland Security on Monday released the final version of safety regulations for the nation's high-risk chemical plants. Under the rules, individual states would be allowed to set stricter security standards than required...

TGS buys US seismic firm.(mergers and acquisitions)(TGS-Nopec Geophysical Company)(Parallel Data Systems)(Brief article)
April 3, 2007... Norwegian seismic firm TGS-Nopec Geophysical Company said Monday it will acquire US peer Parallel Data Systems (PDS) for $60 million in cash and $12.5 million in TGS shares. "The transaction has been approved by the boards of directors of...

Shell closes in on Canada unit.(mergers and acquisitions)(Royal Dutch Shell)(Shell Canada)(Brief article)
April 3, 2007... Royal Dutch Shell has secured more than 90% of the shares in subsidiary Shell Canada, enabling the company to acquire the remaining shares compulsorily and thereby take full control of the business. Shell said it has now secured around...

GE finalizes KMI purchase.(Kinder Morgan Inc.)(GE Energy Financial Service)(mergers and acquisitions)(Brief article)
April 3, 2007... GE Energy Financial Service (GEFS) continues to move into the natural gas market. This week, the company announced the purchase of Kinder Morgan's distribution operations in the Rockies, which serves 260,000 customers in four states. GEFS...

BP restarts Mad Dog.(British Petroleum Company PLC)(Brief article)
April 3, 2007... BP restarted its 50,000 b/d Mad Dog oil field in the Gulf of Mexico over the weekend. The field, roughly 200 miles south of New Orleans, was shut Feb. 28 due to an equipment malfunction. With demand on the rise in early March, the closure...

Stock market scorecard.(Statistical table)
April 3, 2007... Integrated Close 1-Day % Chg. Majors 4/2 Chg. % Chg. 10-Day 52-Wk YTD Hess 56.51 +1.04 +1.87% +12.01% +18.84% +14.00% Marathon 100.46 +1.63 +1.65 +7.69...

WTI suffers from loss of McKee throughput.
April 4, 2007... Valero President Greg King said Monday that the company's 170,000 barrel per day McKee refinery in Sunray, Texas would restart in mid April but would run at only half capacity until the end of year when repairs are completed. The low run rate...

EIA examines impact of refinery outages.(Energy Information Administration)(Report)
April 4, 2007... Unexpected shutdowns at petroleum refineries during peak-demand summer months have caused retail gasoline to suffer "temporary price surges" in the past decade because of limited excess capacity downstream, according to a report by the Energy...

Kikeh development provides needed lift to Murphy's volumes.
April 4, 2007... Murphy Oil is counting down the days until first production is achieved on its Kikeh deepwater oil development offshore Malaysia. After treading water for the past few years, Murphy's oil production is poised to increase following the planned...

Profit taking trims crude prices as Iran diplomacy prevails.(Brief article)
April 4, 2007... Crude and product futures fell Tuesday after Britain and Iran both said they wanted to resolve the standoff over Tehran's recent seizure of 15 British sailors off the Persian Gulf diplomatically, prompting profit taking across the energy...

Daily oil & gas price review: prices for Tuesday, April 3, 2007.(Statistical table)
April 4, 2007... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -1.30 60.57 61.34 56.45 LLS (St. James) -2.50 70.22 70.70 63.60 ANS...

Ecuador announces ambitious energy plan, aims for output boost.
April 4, 2007... Ecuador officials say they plan to invest nearly $3 billion during the next five years, both upstream and downstream, in a bid to revive production and lower reliance on imports of refined products like diesel and gasoline. President...

Conoco role in Fujairah refinery remains uncertain.
April 4, 2007... Abu Dhabi's International Petroleum Investment Co. (Ipic) could scale down a planned a refinery in the United Arab Emirates (UAE) amid concerns that partner ConocoPhillips will decide not to continue with the project because of soaring costs....

Exxon restarts Torrance units.
April 4, 2007... Exxon Mobil said Tuesday that its 150,000 b/d Los Angeles-area refinery in Torrance, California, was restarting units shut for unplanned repairs on Mar. 22. A planned two-month overhaul of units, which began in February, continues. The...

Heavy liquids: the other reason producers need Alaska's gas line.
April 4, 2007... As the flow of oil ebbs from traditional reservoirs on Alaska's prodigious North Slope, producers are looking to heavy oil deposits overlaying the lighter, deeper workhorse sands of Prudhoe Bay, Kuparuk River and surrounding fields to augment...

Kinder Morgan Energy adds Canadian marine terminal.
April 4, 2007... Kinder Morgan Energy Partners (KMP) is adding a bulk marine terminal to its Canadian asset base through the purchase of Vancouver Wharves from provincial-owned British Columbia Railway, the Houston-based midstream company said Tuesday. The...

Sales net Anadarko $10 billion.(Corporate News)
April 4, 2007... Anadarko Petroleum's divestiture program has so far raised nearly $10 billion, rendering any equity issuance to help pay off the company's debt unlikely, a top executive said Tuesday. Anadarko's $26 billion debt will be "below 12 billion by...

Pioneer Alberta well starts up.(Exploration & Production)
April 4, 2007... Independent oil and gas producer Pioneer Natural Resources said Tuesday that a new natural gas field in northern Alberta, Canada, has started production at a gross rate of about 18 MMcf/d of gas. The initial discovery well was drilled in...

Gazprom Chevron JV starts work.(International)(Severnaya Taiga Neftegas)(Brief article)
April 4, 2007... Severnaya Taiga Neftegas, US major Chevron's Russian joint venture with Gazprom's oil subsidiary Gazprom Neft, has begun exploration work on two acreages in the Yamal Nenets region of Siberia. The start of work was disclosed in an interview...

Pemex gets positive outlook.(Latin America)(Brief article)
April 4, 2007... Chicago-based ratings agency Fitch Ratings has upgraded its outlook on the credit rating of Mexico's state-owned oil and gas monopoly Pemex from "stable" to "positive." In a written statement, Fitch attributed the move to the Mexican...

Acergy wins Brazil pipe contract.(Latin America)(Brief article)
April 4, 2007... Norwegian offshore services group Acergy has won a $400 million contract from Brazil's state-controlled Petrobras to install a natural gas pipeline from its offshore Mexilhao field to the town of Caraguatatub, south of Rio de Janeiro. "The...

Petrobras inks Algerian LNG deal.(Latin America)
April 4, 2007... Brazil's state-controlled energy company, Petrobras, signed a memorandum of understanding (MOU) with Algeria's state-owned oil firm Sonatrach to import liquefied natural gas (LNG) from the African country, Petrobras said Monday. The LNG...

PDV holds bond sale.(Latin America)(Petroleos de Venezuela)(Brief article)
April 4, 2007... Venezuela's state-owned oil company Petroleos de Venezuela (PDV) raised a planned bond offer this week to $7.5 billion from the original $5 billion, in response to heavy demand from local investors, the company said Tuesday. The original...

Alaska tax rewrite falls short.(Legislation/Regulation)(Brief article)
April 4, 2007... State of Alaska officials are taking a closer look at the profits-based oil tax adopted last year after receiving less than expected from North Slope oil producers. The state legislature revamped the state's tax on oil and natural gas...

FTC OKs Statoil, Hydro deal.(Legislation/Regulation)(United States. Federal Trade Commission)(Brief article)
April 4, 2007... US antitrust authorities on Tuesday approved Norwegian oil group Statoil's plan to buy the oil and gas assets of Norsk Hydro in a $30 billion deal. The officials completed their investigation of the deal without taking any action, the US...

Florida LNG terminal proposed.(Natural Gas)(Hoegh LNG to build and operate Liquefied natural gas plant)(Brief article)
April 4, 2007... The US Coast Guard said Tuesday that Hoegh LNG, a private Norwegian company, has submitted an application to build and operate Port Dolphin, a liquefied natural gas terminal in the Gulf of Mexico off the coast of Florida. "The proposed...

CME postpones CBOT meeting.(Mergers & Acquisitions)(Chicago Mercantile Exchange Holdings)(Chicago Board of Trade)(Brief article)
April 4, 2007... Chicago Mercantile Exchange Holdings (CME) said Tuesday that it would postpone a shareholder meeting set for Wednesday to vote on its proposed acquisition of CBOT Holdings. CBOT, a parent of the Chicago Board of Trade, previously announced...

Crosstex puts pipeline in service.(Pipelines)(Brief article)
April 4, 2007... Crosstex Energy's $90 million pipeline expansion in northern Louisiana is now operational with company officials saying it adds capacity of 200 MMcf/d to Crosstex's existing Louisiana Intrastate Gas pipeline system (LIG), the state's largest...

Forecast ups '07 storm outlook.(Oil & Gas Markets)(Brief article)
April 4, 2007... The 2007 Atlantic Basin hurricane season likely will be "very active," with 17 named storms, nine hurricanes, including five intense storms ranked as Category 3 or above, forecasters at Colorado State University said Tuesday. Forecaster...

Stock market scorecard.(petroleum industry)(Statistical table)
April 4, 2007... Stock Market Scorecard Integrated Close 1-Day % Chg. Majors 4/3 Chg. % Chg. 10-Day 52-Wk YTD Exxon Mobil 76.80 +0.64 +0.84% +8.02% +26.19% +0.22% Chevron 75.34...

Biofuels versus alternative fuels battle looms.
April 5, 2007... To keep a biofuels bill as is or change it to include alternatives like coal-to-liquid (CTL) will likely be the big question that confronts the Senate. By all measures, passing a biofuels bill in Congress is viewed as a breeze, but efforts...

Iran's 'gift' fails to depress crude prices.(release of 15 british sailors and marines)
April 5, 2007... Iran's release of 15 UK sailors and marines softened US crude futures only slightly Wednesday since the market is still supported by recent stockdraws, refinery outages and traders cautious of selling before the upcoming long holiday weekend....

Oil shares jump in March, led by Marathon, Chevron.
April 5, 2007... Oil equities shot higher in March as world oil prices exhibited a level of strength not seen in several months. The 15 companies tracked by Oil Daily sister publication International Petroleum Finance all moved higher last month, led by...

Daily oil & gas price review: prices for Wednesday, April 4, 2007.(Statistical table)
April 5, 2007... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +0.06 60.63 61.46 57.51 LLS (St. James) +1.01 71.23 71.40 64.81 ANS...

Cold, windy March blows around North Slope output.
April 5, 2007... Alaskan crude oil production dipped slightly to just over 780,000 b/d in March despite helpful cold temperatures and the return of BP's Northstar field early in the month after being shut due to a leak in compressor tubing for the second half...

Peru crude production falls.(Brief article)
April 5, 2007... Peru produced an average of 102,917 b/d of oil and other hydrocarbon liquids in March, a nearly 10% drop from February's output. The decline was due to maintenance at the Camisea separation plant at Block 88, the major block of the Amazon...

EIA weekly statistics: for week ended March 30, 2007.(Energy Information Administration )(Statistical table)
April 5, 2007... US Crude Oil: Stocks (1) (millions of bbl) Current Previous Week Week Chg. PADD 1 15.6 15.4 1.3% PADD 2 74.2 71.0 4.5% Cushing, OK 26.7 23.9...

OMI sees market balance, but with disruptive undertones.
April 5, 2007... With spring arriving early in most of the Northern Hemisphere--allowing countries and consumers to save energy to combat high oil prices and global warming--global oil demand increased a moderate 0.6% year-on-year in the first quarter,...

Devon energy plans more seismic and drilling offshore China.
April 5, 2007... US independent Devon Energy is advancing its development program for its offshore China assets. The firm is planning to acquire more seismic this year and to start drilling some big prospects in 2008, confirming its position as the...

Hess makes big splash in Australia natural gas field auction.
April 5, 2007... US independent Hess signaled its arrival in the Australian upstream via a record US$408 million bid for acreage near Chevron's giant Jansz natural gas field, following the award of 12 new offshore exploration blocks by the Australian government...

CB & I wins $130m in contracts.(Corporate News)
April 5, 2007... Engineering-construction company CB & I has received three new contracts that will add approximately US$130 million to the company's backlog, the Texas-based firm said Wednesday. Frontier El Dorado Refining awarded a $45 million lump-sum,...