The Oil Daily articles from August 2007

The Oil Daily archives from August 2007

Marathon buys its way into oil sands region.
August 1, 2007... Marathon Oil's second-quarter earnings report was overshadowed Tuesday by news that the company is paying US$6.2 billion for Canada's Western Oil Sands. With one of the industry's strongest US refining networks, Marathon has spent much of...

Bill supports state disinvestment from Iran.
August 1, 2007... The House of Representatives overwhelmingly passed legislation Tuesday empowering states and local governments to stop investing in companies that invest more than $20 million in Iran's oil and gas sector. The Iran Sanctions Enabling Act...

Valero eyes refinery project in Panama, margins lift earnings.
August 1, 2007... Independent refiner Valero said on Tuesday that it is still talking to Mexico's state-owned oil company Pemex about building a grassroots refinery in Panama. But CEO Bill Klesse emphasized that, at this stage, Valero is only exploring the...

Crude sets new all-time high in anticipation of stock draw.
August 1, 2007... US crude prices shot to record highs Tuesday as traders anticipated that data to be released on Wednesday would show a fall in crude stocks because of increased refinery runs. New York Mercantile Exchange (Nymex) light, sweet crude for...

Daily oil & gas price review.(Statistical table)
August 1, 2007... Daily Oil & Gas Price Review Prices for Tuesday, July 31, 2007 US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +1.10 73.55 72.02 67.21 LLS (St....

Shell and Suncor plan massive oil sands expansion projects.(Royal Dutch-Shell PLC)(Suncor Inc.)
August 1, 2007... Two of Canada's largest oil sands producers and upgraders--Royal Dutch Shell and Suncor--are planning massive multi-billion-dollar expansion projects that will increase their volumes significantly. Shell Canada has applied to Alberta...

Australia exploration blocks draw big bids.
August 1, 2007... Australia's booming upstream sector saw yet more interest from international majors and large independents Tuesday with the release of 11 new offshore exploration blocks. Key features were the first-time participation of India's Reliance...

Opec oil revenues rise 22% in 2006, but export volumes flat.(Organization of the Petroleum Exporting Countries)(Statistical data)
August 1, 2007... Opec's 12 member states generated a combined $649 billion in income from oil exports in 2006, 21.9% more than in 2005, the organization's Annual Statistical Bulletin shows. The report, released on Tuesday, also shows that oil exports were...

Anadarko's earnings fall despite solid production growth.(Financial report)
August 1, 2007... Less than one year after closing its acquisitions of Western Gas Resources and KerrMcGee, Houston-based independent Anadarko says its portfolio is performing well, its cost structure is improving and it expects to see further success in its...

Cameron earnings soar 62%.(Earnings)(Financial report)(Brief article)
August 1, 2007... Unlike many of its oilfield equipment and service peers, Cameron suffered no ill effects from the downturn in Canadian drilling. The Houston-based manufacturer of wellhead and sub-sea completion systems reported a 62% jump in second quarter...

Nymex profits rise.(Earnings)(New York Mercantile Exchange)(Financial report)(Brief article)
August 1, 2007... Nymex Holdings, parent company of the New York Mercantile Exchange (Nymex), reported a net income boost of 9% for the second quarter 2007. Net income for the energy and metals exchange rose to $41.7 million for the second quarter 2007, up...

Argentina seeks bids.(Latin America)
August 1, 2007... Argentina's state-owned energy company Enarsa opened bids on Monday to supply around $80 million worth of equipment to build the country's Northeastern Pipeline to Bolivia. The bidding for the acquisition of turbo compressors, turbines, and...

Senate panel prods EPA.(Legislation/Regulation)(Environmental Protection Agency)(Brief article)
August 1, 2007... A US Senate committee approved legislation Tuesday that would require the Environmental Protection Agency (EPA) to issue a ruling by Sep. 30 on whether California can regulate tailpipe emissions that contribute to global warming. ...

Stock Market Scorecard.(Statistical table)
August 1, 2007... Stock Market Scorecard Integrated Close 1-Day % Chg. Majors 7/31 Chg. % Chg. 10-Day 52-Wk YTD Petro-Canada 54.60 +0.96 +1.79% -4.83% +22.48% +33.04% BG ...

Feds raid senator's home.(Legislation/Regulation)(Ted Stevens)(Brief article)
August 1, 2007... Internal Revenue Service and FBI agents raided the Alaska home of US Sen. Ted Stevens on Monday in connection with a wide-ranging federal investigation of political corruption in the state. Stevens, the longest-serving Republican senator in...

Dominion closes deals.(Mergers & Acquisitions)(mergers of HighMount Exploration and Production and Dominion Resources Inc.)(Brief article)
August 1, 2007... Dominion Resources closed two separate sales of US onshore natural gas and oil exploration and production operations for about $6.5 billion on Tuesday (OD Jun.5,p1). Loews unit HighMount Exploration & Production bought Dominion's...

Pemex contracts deepwater rigs.(Offshore)(Petroleos Mexicanos)(Brief article)
August 1, 2007... Pemex said on Tuesday it has contracted two new deepwater oil rigs capable of drilling in water depths of 7,000 feet and also expects to contract an additional rig rated to work in 10,000 feet of water next year, despite high global demand for...

ConocoPhillips VP to retire.(Personnel)
August 1, 2007... ConocoPhillips said on Tuesday Bill Berry, executive vice president for exploration and production in Europe, Asia, Africa and the Middle East, will retire in January 2008. "Bill Berry has made a significant contribution to ConocoPhillips...

Schaible named newfield COO.(Personnel)(David Schaible appointed as chief operating officer at Newfield Exploration Co.)(Brief article)
August 1, 2007... Newfield Exploration on Monday named its vice president of operations and acquisitions, David Schaible, as president and chief operating officer. The appointment of Schaible, 46, is effective as of Aug. 1 and he will continue to serve on...

Williams to build Perdido pipe.(Pipelines)(Williams Alaska Petroleum Inc.)(Brief article)
August 1, 2007... Williams said on Monday it plans to spend $480 million to build pipelines to the Perdido Hub, a floating deepwater production facility that Royal Dutch Shell, Chevron and BP are building in the Perdido Foldbelt area of the western Gulf of...

US margins fall again.(Refining)(Brief article)(Statistical data)
August 1, 2007... US refining margins fell again last week, dropping $2.51 to $10.31 per barrel, according to analysts at AG Edwards. Margins have now fallen 50% in two weeks. For the third quarter, margins are averaging $15.81/bbl. Margins are now in single...

Panel seeks to boost ethanol availability.
August 2, 2007... A US Senate Energy and Natural Resources subcommittee has called for legislation to expand the availability of ethanol and other alternative transportation fuels at the retail level. The fact that oil companies routinely restrict the sale...

Statoil close to Orinoco compensation deal.
August 2, 2007... Norway's Statoil is ready to accept payment in kind from Venezuela as compensation for a reduction in its stake in a project that produces heavy crude from the Orinoco river belt. Other companies in the same situation as Statoil could also...

Texas gas, Azeri oil drive strong production growth for Devon.
August 2, 2007... Devon Energy reported a 16% year-over-year increase in production from continuing operations for the second quarter of 2007, due mainly to rising output from the Barnett Shale gas field in Texas and its stake in the ACG oil field in Azerbaijan....

Nymex crude Futures hit new record high, then tumble.(New York Mercantile Exchange)
August 2, 2007... Crude prices ended lower Wednesday after reaching new highs in the morning. The early and short-lived rally--triggered by a hefty drop in US crude inventories and a strong rebound in refining runs--was derailed by a dip in gasoline prices and...

Daily oil & gas price review: prices for Wednesday, August 1, 2007.(Statistical table)
August 2, 2007... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -1.29 72.26 72.23 67.11 LLS (St. James) -2.04 77.66 78.40 77.11 ANS...

EIA weekly statistics: for week ended July 27, 2007.(Energy Information Administration)(Statistical table)
August 2, 2007... US Crude Oil: Stocks (1) (millions of bbl) Current Previous Week Week Chg. PADD 1 13.7 15.1 -9.3% PADD 2 67.9 68.1 -0.3% Cushing, OK 20.7 21.2...

Petroleos de Venezuela launches exploration program offshore Cuba.
August 2, 2007... Venezuela and Cuba plan to cooperate on oil exploration in the waters that surround the Communist-ruled Caribbean island, the first such joint venture between the two nations. PDV and Cuba's state energy company Cupet will explore six oil...

Indonesia to clamp down on exploration cost recovery claims.
August 2, 2007... Indonesia's government is planning to clamp down on rising exploration cost recovery claims made by upstream operators in the country, according to local media reports. Cost recovery claims are used as an incentive to attract foreign investment...

Revisions show US oil demand is weaker than thought.
August 2, 2007... Doubts are emerging about the strength of oil demand growth in the US--which has been a big driver behind the rally that has sent oil prices to record levels--now that yet another revision of data shows that US oil consumption was in fact lower...

Noble energy posts profit.(Noble Energy revenue report)(Financial report)(Brief article)
August 2, 2007... Independent energy company Noble Energy on Wednesday reported a second-quarter profit versus a year-ago loss thanks to increased production from its assets in Israel, the North Sea and Equatorial Guinea. The Houston-based company reported...

Transocean profit soars.(Earnings)(revenue report)(Financial report)(Brief article)
August 2, 2007... Offshore drilling contractor Transocean said its second-quarter profit more than doubled as a result of record daily leasing rates for its drilling rigs. Transocean--which said last month it planned to buy smaller rival...

Southwestern's earnings rise.(Earnings)(Southwestern Energy revenue report)(Financial report)(Brief article)
August 2, 2007... Southwestern Energy said its second-quarter net income grew 29% to $47.6 million (28 cents/share) from $37 million (22 cents/share) a year earlier as the Houston-based company's revenue rose 75% to $270.1 million. Southwestern's natural...

Enbridge earnings fall.(Earnings)(revenue report)(Financial report)(Brief article)
August 2, 2007... Canadian oil and gas pipeline owner Enbridge saw an increase in revenues but a drop in earnings in the second quarter due to reduced tax benefits that boosted results in the same period of last year. Net income amounted to C$146.5 million...

Gran Tierra farms out acreage.(Latin America)(Gran Tierra Energy)(Brief article)
August 2, 2007... Gran Tierra Energy said Wednesday it has farmed out half of its 80% interest in the Azar Block in the Putumayo Basin of Colombia. Gran Tierra will retain a 40% interest in the Azar Block and operatorship. The Azar Block covers 209 square...

Manipulation fine for Marathon.(Legislation/Regulation)(Marathon Oil)(Brief article)
August 2, 2007... Marathon Oil has agreed to pay a $1 million fine to settle a charge by the Commodity Futures Trading Commission (CFTC) that the company tried to manipulate crude oil prices in late 2003, the commission announced on Wednesday. The CFTC said...

Boots acquires snubbing firm.(Mergers & Acquisitions)(Boots & Coots International Well Control Inc.)(StassCo Pressure Control)(Brief article)
August 2, 2007... Boots & Coots International Well Control said Wednesday it has purchased StassCo Pressure Control in Rock Springs, Wyoming, for about $10 million. StassCo operates four hydraulic rig assist units in the Cheyenne basin in the Rockies. ...

Alaska crude output rises.(Oil & Gas Markets)(Brief article)
August 2, 2007... Alaska crude oil production in July was marginally higher than in June and a hefty 40,000 b/d above July 2006. Alaska North Slope (ANS) crude output averaged 728,000 b/d in July, while south Alaska's Cook Inlet area contributed about 15,000...

Court sides with ICE.(InterContinentalExchange)(Brief article)
August 2, 2007... The InterContinentalExchange (ICE) said on Wednesday a US appeals court affirmed a judgment that settlement prices on the New York Mercantile Exchange (Nymex) cannot be copyrighted and all market participants are free to use them. The...

FMC wins subsea contract.(Oil Field Service)
August 2, 2007... FMC Technologies said Wednesday it has been chosen to supply subsea systems for Murphy Oil's Azurite project, located offshore, Republic of the Congo. The contract represents a value of about $80 million of revenue to FMC. FMC's scope of...

Dresser-Rand near Brazil deal.(Oil Field Service)(Brief article)
August 2, 2007... Dresser-Rand said it expects to supply its first integrated compression system (ICS) to boost gas compression capacity on the Petrobras P-18 platform, which operates in the Marlin oil field, offshore Brazil. The agreement is expected to be...

Stock market scorecard.(Statistical table)
August 2, 2007... Integrated Close 1-Day % Chg. Majors 7/1 Chg. % Chg. 10-Day 52-Wk YTD Repsol YPF 38.29 +0.66 +1.75% -4.77% +34.59% +10.99% Exxon Mobil 85.84 +0.71 +0.83 -3.65...

Talisman continues asset rationalization.(Talisman Energy Inc.)
August 3, 2007... Talisman Energy continued its spree of asset sales Thursday, in what some analysts have referred to as an attempt to "high-grade" its portfolio. The most recent announcement includes a series of agreements to sell non-core North American...

House prepares for energy package debate.
August 3, 2007... House Republicans are preparing for a fight Friday over a Democratic energy plan that they say will reduce domestic oil and natural gas production. House Speaker Nancy Pelosi (D-Calif.) will shepherd the energy package through the floor...

Ecopetrol share offering runs counter to nationalization trend.(Empresa Colombiana de Petroleos S.A.)
August 3, 2007... The Colombian government will float an initial 10% stake in state oil company Ecopetrol this year and sell another 10% over the next few years, Mines and Energy Minister Hernan Martinez Torres announced Wednesday. Going against the...

Crude futures rise slightly as US, Opec spar over output.(Brief article)
August 3, 2007... The day after prices hit an all-time high then tumbled, crude futures rose again slightly Thursday as US Energy Secretary Samuel Bodman signaled more oil was needed from Opec. Bodman expressed concern Thursday that oil prices nearing $80...

Daily oil & gas price review: prices for Thursday, August 2, 2007.(Statistical table)
August 3, 2007... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +0.38 72.64 72.71 67.17 LLS (St. James) +0.18 77.84 78.54 78.27 ANS...

Sunoco gets earnings boost from Midwest refining margins.(revenue report)(Financial report)
August 3, 2007... High margins in the Midwest boosted second-quarter earnings for independent refiner Sunoco. The company is primarily an East Coast refiner, but its two Midcontinent refineries--in Toledo, Ohio and Tulsa, Oklahoma--were big cash machines this...

Strong oil prices fail to lift energy equities in July.
August 3, 2007... The final days of July were not kind to oil company investors. Oil equities got caught up in the late-month sell-off on Wall Street, with oil company shares moving sharply lower with the broader market. The majors also reported...

Total's production rises, but earnings and share price slide.(Total Petroleum Inc. revenue report)(Financial report)
August 3, 2007... French major Total Thursday reported a 1.4% year-on-year rise in second-quarter oil and gas production, thereby outperforming BP and Royal Dutch Shell. It also reported a decline in net earnings for the three-month period, in line with...

Shell sells three French refineries, stakes in Norwegian fields.(Petroplus)(Royal Dutch-Shell PLC)
August 3, 2007... Royal Dutch Shell raised around $2.5 billion Thursday through the sale of its three French refineries and stakes in two undeveloped Norwegian gas fields. The French refineries were sold in two separate deals, with Swiss-registered...

Surge in output lifts Williams.(Earnings)
August 3, 2007... Williams Cos., a natural gas producer and pipeline company, posted a better-than-expected second-quarter profit versus a year-ago loss. The improvement was attributable to rising gas production and stronger natural gas liquids margins. ...

Canadian Natural profit down.(Earnings)(Canadian Natural Resources revenue report)(Financial report)(Brief article)
August 3, 2007... Canadian Natural Resources, Canada's second-largest independent oil and gas producer, reported a lower second-quarter profit on Thursday. Net income fell to C$841 million (US$799 million) or C$1.56/share from a year-earlier profit of...

GlobalSantaFe earnings soar.(Earnings)(revenue report)(Financial report)(Brief article)
August 3, 2007... Offshore oil and gas driller GlobalSantaFe--which has agreed to merge with Transocean in an $18 billion deal--said on Wednesday second-quarter profit rose by 49% boosted by strong demand and higher rental rates for its rigs. Profit in the...

Nuclear plant application filed.(Unistar Nuclear files application with US Nuclear Regulatory Commission)(Brief article)
August 3, 2007... The US Nuclear Regulatory Commission has received its first application since the 1970s to build a new nuclear power plant. The proposed plant in Maryland will not come online until at least mid-2014 and is among a new wave of about 19...

Laredo Petroleum secures funds.(Finance)(Brief article)
August 3, 2007... Newly-formed private company Laredo Petroleum has secured financing of up to $300 million from private equity firm Warburg Pincus. The company will pursue the acquisition, exploration and development of oil and gas properties in the...

Chevron ups Bangladesh output.(International)(Brief article)
August 3, 2007... Chevron said Thursday it has doubled its gas production capacity at the Bibiyana gas field in northeast Bangladesh. "Although our present production capacity is 300 MMcf/d our real production ranges between 250 MMcf/d and 270 MMcf/d,...

Russia may ban Exxon exports.(International)
August 3, 2007... Moscow wants Exxon Mobil to ship gas from its Sakhalin-1 project to Russia rather than Asian markets, the energy ministry said on Thursday, signaling a new round of pressure on the country's last big foreign-led energy project. Exxon...

Saudi Aramco restructures.(International)(Brief article)
August 3, 2007... State Saudi Aramco will reorganize its upstream and downstream businesses under a newly formed operations business center to further consolidate the company's core oil and gas operations, Aramco said this week. From Sep. 1, the center will...

Russia claims Arctic seabed.(International)(Brief article)
August 3, 2007... Moscow symbolically laid claim to a vast swath of the energy-rich Arctic on Thursday, when Russian explorers aboard a special submersible vehicle planted the Russian flag on the seabed beneath the North Pole, according to news wire reports. ...

PDV may expand Cuba refinery.(Latin America)(Petroleos de Venezuela)(Brief article)
August 3, 2007... Petroleos de Venezuela (PDV) is mulling an expansion of Cuba's Cienfuegos refinery after it concludes planned work to revive the idle plant. A proposed second phase of the project would entail expanding total capacity to 109,000 barrels...

EIA gas storage report.(Energy Information Administration)(Brief article)
August 3, 2007... Gas in Storage Up 77 Bcf Stocks of working natural gas in US storage facilities increased 77 Bcf for the week ending Jul. 27, leaving storage levels at 2,840 Bcf, according to the Energy Information Administration (EIA). Gas stocks are 68...

Stock market scorecard.(Statistical table)
August 3, 2007... Integrated Close 1-Day % Chg. Majors 8/2 Chg. % Chg. 10-Day 52-Wk YTD Petro-Canada 54.22 +0.42 +0.78% -6.03% +21.16% +32.12% Statoil 29.44 +0.21 +0.72 ...

White House threatens energy package veto.
August 6, 2007... The White House on Friday threatened to veto a broad energy package pending in the US House of Representatives. The legislation, which includes the work of nearly a dozen committees, is a top priority of House Speaker Nancy Pelosi...

Biofuels Central to US-Brazil relations.
August 6, 2007... A top State Department official on Friday emphasized the importance of a recent agreement between the US and Brazil to promote the use of ethanol and other biofuels as a way to reduce dependence on oil and mitigate climate change. Under...

Chesapeake energy expects to become top US gas producer by 2008.(Financial report)
August 6, 2007... Chesapeake Energy said Friday it has become the largest independent producer of natural gas in the US, and the third largest overall, helped by a 19% year-over-year increase in production for the second quarter. It expects to overtake BP and...

Linn energy buys Texas assets.(Brief article)
August 6, 2007... Linn Energy has signed an agreement to acquire oil and gas properties in the Texas Panhandle from an unnamed seller for $22.5 million. The Houston-based company expects the deal to close by Sep. 30. The acquisition is expected to add more...

Crude falls on weak economic data, milder hurricane forecast.
August 6, 2007... After setting new all-time highs on Tuesday and Wednesday--prompting some analysts to proclaim that oil is destined to break through the $80 mark--crude ended the week with a whimper. On Wednesday, the New York Mercantile Exchange (Nymex)...

Daily oil & gas price review: prices for Friday, August 3, 2007.(Statistical table)
August 6, 2007... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -1.74 70.90 72.36 67.85 LLS (St. James) -1.64 76.20 78.01 78.45 ANS...

Sweet and sour crudes sluggish against strong WTI benchmark.
August 6, 2007... In the US physical markets, demand is being hurt by lower refinery margins, causing sluggishness in both sweets and sours against benchmark West Texas Intermediate (WTI) crude which surged to record highs last week. Demand has not collapsed by...

Baker Hughes drilling report.(Brief article)
August 6, 2007... US Rig Count Up By Six The number of drilling rigs searching for oil and gas in the US rose by six last week to 1,781, Baker Hughes said Friday. During the same week last year, there were 1,705 rigs at work. The number of rigs...

September gas continues fall as storage swells to new heights.
August 6, 2007... Without the supportive fundamentals of above-normal temperatures and hurricane activity to prop up prices, Nymex September gas futures prices continued to seek lower ground last week. And until Mother Nature doles out some extreme weather, a...

Alaska special session to revisit oil tax.
August 6, 2007... Alaska Gov. Sarah Palin on Friday called a special session of the legislature for the fall to consider changes to the state's petroleum profits tax. Citing a public loss of trust in the state's recently passed oil tax law following the...

Gray lowers hurricane forecast.(William Gray)(Brief article)
August 6, 2007... Hurricane researcher William Gray lowered his storm forecast for the 2007 Atlantic hurricane season Friday, calling for 15 named tropical storms, with eight becoming hurricanes and four becoming intense. On May 31, Gray had called for 17 named...

EOG increases output target.(Earnings)(EOG Resources Inc. revenue report)(Financial report)(Brief article)
August 6, 2007... EOG Resources' second-quarter net income dipped from a year earlier, with the company posting a profit of $306.1 million ($1.24/share) compared with $329.6 million ($1.34/share) in the second quarter of 2006. Earnings were lower due in part to...

Flatrock well hits deeper zones.(Exploration & Production)(Brief article)
August 6, 2007... McMoRan Exploration has found three additional hydrocarbon-bearing zones at the Flatrock prospect on South Marsh Island Block 212 offshore Louisiana. McMoRan said Friday that the 18,1000 foot well encountered zones deeper than the five...

Concho shares begin trading.(Finance)(Brief article)
August 6, 2007... Shares of independent producer Concho Resources began trading Friday on the New York Stock Exchange under the symbol "CXO." The company's initial public offering (IPO) was priced at $11.50/share, below the anticipated price range of...

LNG contract for Sakhalin-2.(International)
August 6, 2007... Japan's Chubu Electric Power has joined the list of LNG buyers from the Sakhalin-2 LNG and crude project offshore Russia's Far East Pacific coast. Sakhalin Energy--the consortium led by Gazprom and Royal Dutch Shell that is developing the...

Bolivia to sign energy deals.(Latin America)
August 6, 2007... Bolivia's President Evo Morales said he plans to sign agreements this week with Argentina and Venezuela that will set in motion three new energy projects in his country. Venezuelan President Hugo Chavez will arrive in La Paz this week to...

Newfield sells coalbed assets.(Mergers & Acquisitions)(Newfield Exploration)(Brief article)
August 6, 2007... Constellation Energy Partners is paying Newfield Exploration $128 million for coalbed methane assets in northeastern Oklahoma's Cherokee Basin. The sale is part of Newfield's plan to raise cash to pay down debt and fund capital...

St. Mary buys gas properties.(Mergers & Acquisitions)(St. Mary Land and Exploration Co.)(Brief article)
August 6, 2007... St. Mary Land & Exploration has agreed to acquire oil and natural gas properties in South Texas for $153.1 million. The transaction is scheduled to close in early October 2007. The properties target natural gas in the Olmos formation and...

MarkWest plans Oklahoma plant.(Natural Gas)(MarkWest Energy Partners)(Brief article)
August 6, 2007... MarkWest Energy Partners said it will invest $20 million to expand its operations in Western Oklahoma. Since its acquisition of the Foss Lake gathering system in Western Oklahoma in December 2003, throughput volumes have increased more than...

Nymex launches green index.(Oil & Gas Markets)(New York Mercantile Exchange)(Brief article)
August 6, 2007... The New York Mercantile Exchange said it plans to launch a futures contract based on an index of alternative energy companies on its Globex electronic trading platform to help investors gain exposure to the growing sector. Soaring oil...

Stock market scorecard.(Statistical table)
August 6, 2007... Integrated Close 1-Day % Chg. Majors 8/3 Chg. % Chg. 10-Day 52-Wk YTD Statoil 28.75 -0.69 -2.34% -10.96% -3.91% +9.23% Norsk Hydro 36.95 -0.98 -2.58...