The Oil Daily articles from December 2003

The Oil Daily archives from December 2003

PDV Seeks Outlets for Higher Crude Output.(Petroleos de Venezuela )
December 1, 2003... NEW YORK -- Petroleos de Venezuela (PDV) is trying to line up term heavy crude deals, to pave the way for a planned increase in production over the next several years. Term deals are necessary because the Venezuelan crude isn't easily refined...

Energy Partners Boosts 2004 Capex by 14%.(capital spending budget )
December 1, 2003... HOUSTON -- Energy Partners, a pure-play shallow-water Gulf of Mexico exploration and production company, has set a capital spending budget of $125 million for 2004 -- an increase of 14% over projected spending of $110 million in 2003. ...

Short Covering Boosts December Gas Contract at Close.(gas price trends)
December 1, 2003... HOUSTON -- The only thing certain about gas trading last month was its uncertainty, and it carried that trait to the very end. When December approached expiry on Tuesday, it was primed for a fall. Preceding sessions alternately crushed by...

Crude Ends Week Above $30 as Bulls Jump on Stocks, Economic Data.(petroleum prices)
December 1, 2003... WASHINGTON -- US crude oil futures ended a holiday- abbreviated week above $30 per barrel on Wednesday as traders used bullish economic data and a report that US crude stocks sunk by nearly five million bbl in a week as a good excuse to cover...

Canadian Oil Sands Estimates 2004 Syncrude Output Up 13%.(Canadian Oil Sands Trust )
December 1, 2003... HOUSTON -- Canadian Oil Sands Trust expects output next year from the massive Syncrude oil sands project to reach as high as 87 million barrels, or 238,000 barrels per day. Production forecasts for the Syncrude project were released last...

Iraq Invites Bids for Ports.
December 1, 2003... BAGHDAD -- Iraq is inviting international firms to manage and rebuild five ports requiring over $1 billion in investment to raise its commodities imports and oil export capacity, according to a Singapore-based company forming a consortium to...

OECD Sees Better Economics But Impact on Oil Could Be Limited.
December 1, 2003... NEW YORK -- "At last, we have a recovery," OECD Chief Economist Jean-Philippe Cotis told a press conference and webcast from Paris on Nov. 26, commenting on the global economic prospects. Global oil demand is usually spurred by the strong...

EIA Gas Storage Report.(Brief Article)
December 1, 2003... Gas Storage Falls 1 Bcf Stocks of working natural gas in US storage facilities fell 1 Bcf for the week ended Nov. 21, leaving storage levels at 3,154 Bcf, according to the Energy Information Administration (EIA). The injection left the...

EIA Weekly Statistics.(petroleum industry statistics)
December 1, 2003... Department of Energy Weekly Statistics For Week Ended November 21, 2003 Crude Oil: StocksCrude Oil: Production and Imports (millions of bbl)(Average, thousands of bbl) Current Previous ...

Daily Oil & Gas Price Review.
December 1, 2003... Daily Oil & Gas Price Review Prices for Wednesday, November 26, 2003 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg....

Stock Market Scorecard.(petroleum industry stock price movements)
December 1, 2003... Stock Market Scorecard Close 1-Day. % Chg. Nov 26 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors Total 80.34 +1.01 ...

White House to Push Energy Bill.(Brief Article)
December 1, 2003... The White House vowed on Wednesday to push again next year for a comprehensive energy plan after Congress failed to resolve their differences over a $31 billion package earlier this week. Despite being a top priority for the Bush...

DOE Issues Climate Rules.(Department of Energy proposed new guidelines for industry facilities to voluntarily report greenhouse gas emissions)(Brief Article)
December 1, 2003... The Bush administration on Nov. 26 proposed new guidelines for industry facilities to voluntarily report greenhouse gas emissions, which are designed to provide a better record of the emissions. The guidelines will help improve accuracy,...

Wiser Hits Offshore Louisiana.(Wiser Oil)(Brief Article)
December 1, 2003... Wiser Oil has a new field discovery in Vermilion Block 61. The Vermilion Block 61 #1 discovery well, located approximately 15 miles offshore Louisiana in 49 feet of water, was drilled to a total depth of 9,850 feet, encountering approximately...

InterOil Updates Exploration.(operational update on its current exploration program)(Brief Article)
December 1, 2003... InterOil Corp., a Canadian company with operations in Papua New Guinea, issued last week Tuesday an operational update on its current exploration program. InterOil expanded its multi-well exploration program to 16 exploration wells. The...

Judge Dismisses Unocal Suit.(gasoline additives patents case)(Brief Article)
December 1, 2003... A judge on Wednesday threw out government charges against Unocal for urging California regulators to adopt clean fuel standards on which it had applied for patents. The Federal Trade Commission had filed the antitrust suit in March, saying...

El Paso Ruling Seen This Week.(case related to the California energy crises)(Brief Article)
December 1, 2003... A San Diego court said it is set to rule this week on whether to approve a proposed $1.6 billion deal that would end El Paso's legal woes stemming from California's energy crisis. The ruling, which had been expected two weeks ago, will...

Venezuela Seeks Oil Talks.(with Saudi Arabia and Mexico)(Brief Article)
December 1, 2003... Venezuela will try to meet oil ministers from fellow Opec member Saudi Arabia and independent producer Mexico for talks before the cartel's Dec. 4 meeting, Energy Minister Rafael Ramirez said. Venezuela has been seeking support from...

Enbridge, CCS Open Facility.(underground crude oil storage facility at Hardisty, Alberta)(Brief Article)
December 1, 2003... Enbridge and CCS on Wednesday announced the official opening of their jointly owned underground crude oil storage facility at Hardisty, Alberta. Enbridge and CCS formed an operating partnership in June 2002 to develop Hardisty Caverns LP (HCLP)...

Imperial Makes Low-Sulfur Fuel.(Imperial Oil gasoline)(Brief Article)
December 1, 2003... Imperial Oil, Canada's largest producer and marketer of gasoline, announced Nov. 26 that it is now producing low- sulfur gasoline at all its refineries across Canada. More than $600 million, 18 months of construction, and the efforts of...

Prices, Dollar May End Boom Time for Canada's Energy Trusts.
December 2, 2003... VANCOUVER -- Buoyed by rock-bottom interest rates and sickly equity markets, Canadian energy income trusts have taken off in the last couple of years, to a point where they now account for a sizable chunk of the country's capital market and...

El Paso Shares Lead Gainers on Settlement Expectations.(petroleum industry stock price movements)
December 2, 2003... WASHINGTON -- Shares of El Paso rose 11.5% last week, boosted by investor confidence that the end of the company's legal troubles is in sight, according to data compiled by consultant John S. Herold. A San Diego court said it is prepared to...

Oil Sands, Refinery Upgrades Dominate Suncor, Petro-Canada '04 Capex.(capital spending plans )
December 2, 2003... HOUSTON -- Calgary-based Suncor Energy announced Monday C$1.7 billion (US$1.3 billion) in capital spending plans in 2004, with C$1 billion of that money earmarked for oil sands projects. Fellow exploration and production company...

Oil Shares Beat Market in November; Still Lag in '03.(petroleum industry stocks relative to the overall stock market)
December 2, 2003... WASHINGTON -- Shares of leading oil and gas companies outperformed the broader equity market in November but appear destined to trail major indices by a wide margin for the full year. For a second straight month, a strong performance by...

North American Companies Still Like Norwegian Acreage.
December 2, 2003... NEW YORK -- North American companies took an active role in Norway's new licensing round involving "predetermined areas" intended for fast track development. Marathon and Exxon Mobil each participated in three successful bids one jointly...

Opec Hands Tied By High Prices Ahead of Meeting.
December 2, 2003... WASHINGTON -- Some of Opec's hawkish members would like to push for an output ceiling cut when the group meets on Thursday in Vienna, while major consuming nations would like to see more oil on the market to cool the rally that has kept US...

Opec's Shadow Pushes Oil Below $30, But Output Cut Still Possible.(Brief Article)
December 2, 2003... NEW YORK -- In the expectation that Opec ministers stick to their words this time and will not cut output again in their meeting on Thursday, market players sent US crude oil futures lower on Monday. Opec's surprise last-minute decision...

Saudis Release Documents for Gas Tender; Firms Forge Consortia.
December 2, 2003... LONDON -- Saudi Arabia on Monday issued final bidding packages to international oil companies that expressed interest in participating in the country's first upstream tender, covering the exploration of three areas for non- associated natural...

Chevron Bids for Block 3 of Venezuela's Deltana Platform.
December 2, 2003... WASHINGTON -- ChevronTexaco presented a bid for Block 3 of Venezuela's Deltana Platform offshore natural gas development last week, which together with its recently acquired Block 2 supports the company's goal of exporting liquefied natural gas...

Canadian Gas Storage.(Brief Article)
December 2, 2003... Canadian Enerdata reported that the amount of natural gas in Canadian storage facilities fell 1.2 Bcf to 451.6 Bcf for the week ended Nov. 21. Storage caverns are 91.6% full, down from 91.8% full a week ago, but up from 82.6% full a year ago....

Heating Degree Days Table.
December 2, 2003... Heating Degree Days Week Dev Cum Dev For week of From From From November 29, 2003 Week From Year...

Daily Oil & Gas Price Review.
December 2, 2003... Daily Oil & Gas Price Review Prices for Monday, December 1, 2003 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg. ...

Stock Market Scorecard.(petroleum industry stock price movements)
December 2, 2003... Stock Market Scorecard Close 1-Day. % Chg. Dec 01 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors Total 82.65 +2.31 ...

Murphy Develops Medusa Field.(Murphy Oil field located in Mississippi Canyon Blocks 538 and 582)(Brief Article)
December 2, 2003... Murphy Oil said Monday it began production from its Medusa field located in Mississippi Canyon Blocks 538 and 582. The Medusa development is located in 2,200 feet of water and consists of a spar facility capable of handling 40,000 bbl of crude...

Iraqi Output at 2 Million b/d.(petroleum production)(Brief Article)
December 2, 2003... Thamer al-Ghadban, a top adviser to the Iraqi oil ministry, told reporters in London Monday that Baghdad has already reached this year's crude oil production target of 2 million b/d and was now focused on hitting its target of 2.8 million b/d...

Petroecuador Awards Contracts.(for drilling and reworking wells in its Amazon field)(Brief Article)
December 2, 2003... Petroecuador has awarded contracts for drilling and reworking wells in its Amazon fields, to help raise Petroecuador production to 221,000 b/d by July, and 230,000 b/d by next December. Three towers will drill 41 new wells while six work-over...

Petrobank Has Colombia Success.(drilling successes at its Orito Block)(Brief Article)
December 2, 2003... Canadian upstream company Petrobank reported drilling successes at its Orito Block in Colombia, although production at its Colombian operations is reduced by damage incurred during a guerilla attack in mid-November (OD Nov.26,p5). ...

Petrobras Issues Rig Tender.(for offshore Platform P-53)(Brief Article)
December 2, 2003... Petrobras issued a tender for offshore Platform P-53, which is to produce 180,000 b/d of oil and 6 million cubic meters of gas a day from the East Marlim field in the Campos Basin. Bids for three work segments -- construction of electric...

Gas Natural Buys Enron Stakes.(in two Brazilian gas distributors)(Brief Article)
December 2, 2003... Leading Spanish marketer Gas Natural (GN) signed a deal last week to buy Enron's stakes in two Brazilian gas distributors. Enron's equity in Compania Distribuidora de Gas do Rio de Janeiro (CEG) was 25.39% and in CEG Rio was 33.75%, which...

Kinder Morgan Ups Midtex Stake.(Kinder Morgan Energy Partners; Mid-Tex Gas Storage Co. )(Brief Article)
December 2, 2003... Kinder Morgan Energy Partners said Monday it has increased its ownership stake in Mid-Tex Gas Storage Co. (Midtex) from about 68% to 100% following a $17.5 million purchase from an affiliate of NiSource. The principal asset of Midtex is the...

Canadian Pipe Gets Tentative OK.(construction and operation of the Georgia Strait Crossing pipeline )(Brief Article)
December 2, 2003... Canadian regulators granted conditional approval last week for the construction and operation of the Georgia Strait Crossing (GSX) pipeline that could help supply natural gas to markets in northwestern Washington and Vancouver Island. ...

Iraq Invites Refinery Bids.(to upgrade gasoline production at its Daura refinery)(Brief Article)
December 2, 2003... Iraq is inviting bids from international companies to upgrade gasoline production at its 110,000 b/d Daura refinery, the refinery's manager said on Monday. Dathar al-Khashab told Reuters the Middle Refineries Co. accepting bids until Dec....

Citgo Low-Sulfur Unit on Track.(a new unit designed to produce low-sulfur gasoline )(Brief Article)
December 2, 2003... Citgo said Monday a new unit designed to produce low-sulfur gasoline in line with looming US regulations to phase down sulfur content in fuels starting in 2004 was running as planned. The unit is located at Citgo's refinery in Lemont,...

Ivanhoe Energy Names CFO.(Gordon Lancaster )(Brief Article)
December 2, 2003... US exploration and production company Ivanhoe Energy on Monday said it named a new chief financial officer who will start at the beginning of next year. The Bakersfield, California, company said Gordon Lancaster will replace John O'Keefe,...

Imperial Lays Out Oil Sands Strategy.(Imperial Oil )
December 3, 2003... HOUSTON -- Exxon Mobil's Canadian affiliate Imperial Oil said on Tuesday it will not necessarily use natural gas in the future to make the steam it needs for oil sands projects in the province of Alberta. The company also put an estimated...

No Need to Alter Output Ceiling: Opec Delegate.(petroleum production ceiling)
December 3, 2003... VIENNA -- Saudi Arabia and most other Opec member countries believe that current oil market fundamentals do not justify altering the group's production ceiling when ministers meet in Vienna Thursday to discuss first-quarter output plans. A...

EPA Chief Leavitt Pledges Collaborative Approach to Problems.
December 3, 2003... WASHINGTON -- Mike Leavitt, the new Environmental Protection Agency (EPA) administrator, on Tuesday indicated that he would nudge the agency beyond the current ethos of command and control to enable collaboration among various interests to...

Traders Blame Snow and Cold Spell for Rising Futures Price.(petroleum prices)(Brief Article)
December 3, 2003... NEW YORK -- Crude oil futures were trading up 80cents on Tuesday when the first real snow of the season fell on the New York Mercantile Exchange (Nymex) building in New York around lunchtime, convincing many traders that the snow was...

Northstar Hiccup Dents November North Slope Performance.(petroleum production in Alaska)
December 3, 2003... NEW YORK -- Through Nov. 26, Alaskan North Slope (ANS) crude oil production was having a pretty good month, up seasonally on October and running well ahead of last year's earthquake- affected month. A major earthquake on Nov. 3 last year...

Nelson Resources Buys Stake in Kazakh Prospect From CNPC.(China National Petroleum Corp.)
December 3, 2003... DUBAI -- Nelson Resources, the Calgary-listed independent which is controlled by a group of Kazakh investors, has signed a $90 million agreement with China National Petroleum Corp (CNPC) to acquire half the state-owned giant's 100% interest in...

Aramco Offers Rare Glimpse at Capex Plan.(capital expenditure in the five years through 2007)
December 3, 2003... LONDON -- Saudi Aramco is set to invest more than $18 billion in capital expenditure in the five years through 2007, in addition to some $34 billion over the last 10 years, a senior Aramco official said this week -- offering a rare glimpse into...

Iraq's Thirst for Products Having Impact on Other Markets.(petroleum products)
December 3, 2003... LONDON -- Iraq's thirst for oil products has drained the Mediterranean and Mideast Gulf spot markets dry and is now starting to have an impact on markets as far away as the US, Northwest Europe, and Asia. Separate from Kellogg Brown &...

Daily Oil & Gas Price Review.
December 3, 2003... Daily Oil & Gas Price Review Prices for Tuesday, December 2, 2003 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg. ...

Stock Market Scorecard.(petroleum industry stock price movements)
December 3, 2003... Stock Market Scorecard Close 1-Day. % Chg. Dec 02 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors ConocoPhillips 58.70 +0.73 ...

USACE Sets Contract Timeline.(US Army Corps of Engineers' Iraqi petroleum industry infrastructure contracts)(Brief Article)
December 3, 2003... The US Army Corps of Engineers (USACE) expects to award two new contracts valued as much as $2 billion to repair and rehabilitate the Iraqi oil sector some time between Dec. 15 and Jan. 17, according to USACE spokesman Bob Faletti. The...

Two Exxon Fields Pay Off.(Sable Project, located 125 miles offshore Nova Scotia)(Brief Article)
December 3, 2003... Exxon Mobil said Tuesday that natural gas production has begun at the Alma field, the first Tier 2 production from the Sable Project, located 125 miles offshore Nova Scotia. The Alma field is currently producing about 120 MMcf/d of gas and...

St. Mary Develops Reserves.(St. Mary Land & Exploration Co. coalbed methane reserves in the Hanging Woman Basin)(Brief Article)
December 3, 2003... St. Mary Land & Exploration Co. Tuesday said it would proceed with the development of coalbed methane reserves in the Hanging Woman Basin, located in the northern part of the Powder River Basin along the Montana-Wyoming border. The company has...

Chevron Quits Kudu Project.(Namibia's Kudu natural gas development)(Brief Article)
December 3, 2003... ChevronTexaco has decided to quit Namibia's Kudu natural gas development, the company confirmed on Tuesday. Chevron spokesman Andy Norman said that although the firm believed Kudu could be developed into a viable regional project, it did...

PRI Ousts Fox Supporter.(Mexico's Institutional Revolutionary Party's Elba Esther Gordillo)(Brief Article)
December 3, 2003... Mexico's Institutional Revolutionary Party (PRI) voted early Tuesday morning to remove the head of its congressional delegation in a move that could split younger, reform-minded members from the old guard. Elba Esther Gordillo had supported...

MarkWest Buys Oklahoma Assets.(Brief Article)
December 3, 2003... MarkWest Energy Partners said Tuesday that it closed the acquisition of American Central's Foss Lake gathering system and Arapaho gas processing assets for approximately $38 million. The Foss Lake gathering system consists of approximately...

EIA Explains August Gas Spike.(gasoline price trends)(Brief Article)
December 3, 2003... The steep rise in US gasoline prices during the last week of August was a normal market response to tight fuel supplies and strong consumer demand, and not the result of market manipulation by big oil companies, the government said on Tuesday....

Oil Speculators Trim Net Longs.(petroleum futures contracts)(Brief Article)
December 3, 2003... New York Mercantile Exchange crude oil speculators trimmed net long positions in the week ending Nov. 25, according to a report by the Commodity Futures Trading Commission (CFTC) released on Monday. Noncommercial crude speculators decreased...

TransCanada Pipeline Ruptures.(northwest Alberta)(Brief Article)
December 3, 2003... TransCanada, one of the largest natural gas transporters in North America, said its pipeline system ruptured twice on Monday and Tuesday in a remote area of northwest Alberta. "We have investigators on site, and we are waiting for details...

Key Gets New President, COO.(Key Energy Services, Richard Alario )(Brief Article)
December 3, 2003... Oil services company Key Energy Services has named Richard Alario its president and chief operating officer. Midland, Texas-based Key said Alario would replace James Byerlotzer as COO and assume the president's role from Chairman and Chief...

BP Proposes New Jersey LNG Terminal.(liquefied natural gas)
December 4, 2003... HOUSTON -- Super-major BP is the latest entrant into the scramble to build liquefied natural gas (LNG) import facilities in North America, setting its sights on the banks of the Delaware River in New Jersey, just downstream from Philadelphia....

Naimi: Soft Dollar Tempers Oil Price Rise.(Saudi Arabia's Oil Minister Ali Naimi)
December 4, 2003... VIENNA -- Opec heavyweight Saudi Arabia has given the strongest indication yet that it is content with current strong oil prices, mainly because the value of the US dollar, in which oil prices are denominated, is so weak. "The current...

Hackett Leaves Devon to Take Over CEO Reins at Anadarko.(James Hackett )
December 4, 2003... HOUSTON -- Anadarko Petroleum on Wednesday named a new chief executive with a solid track record of improving financial and operating performance -- a move that drew plaudits from equity analysts and gave the company's stock a modest boost. ...

Shell Awards Drilling Work to Yukos Unit.(at the West Salym field)
December 4, 2003... MOSCOW -- In a sign that world oil majors are not afraid to be associated with Russia's out-of-favor Yukos, Royal Dutch/Shell has chosen Yukos-affiliated Siberian Service Co. to drill at the West Salym field. Salym Petroleum Development...

Opec Uncertainty, Lower US Crude Stocks Drive Oil Past $31.(petroleum prices)
December 4, 2003... NEW YORK -- Shrugging off early losses, crude oil futures marched just beyond the $31 per barrel on data showing that US crude oil stocks fell as a result of lower crude imports, and suggestions from Saudi Arabia in Vienna that another Opec...

Shell Exec Sees More Years of 'Hugely Exciting' Activity in Gulf.(Royal Dutch/Shell; Gulf of Mexico)
December 4, 2003... HOUSTON -- Royal Dutch/Shell executives admitted a little more than a month ago that oil and gas production from the deepwater Gulf of Mexico Brutus field is declining quicker than expected. Company executives also acknowledged during a...

EnCana Abandons Deep Panuke Development; Eyes Optionsn.
December 4, 2003... WASHINGTON -- EnCana has scrapped its plan to develop the C$1.3 billion (US$1 billion) Deep Panuke natural gas project offshore Nova Scotia but will continue looking at ways to tap the estimated 1 trillion cubic feet of gas. EnCana put the...

Pork Barrel Loan Language No Guarantee for Alaska LNG Project.(liquefied natural gas)
December 4, 2003... WASHINGTON -- Language helping to guarantee financing for an Alaskan liquefied natural gas (LNG) terminal that slipped into the spending legislation that Congress will consider next week may seem like the perfect way to bolster efforts to...

Iraq Hitting Export Targets, Seeks Firms to Rebuild Ports.(petroleum exports)
December 4, 2003... NEW YORK -- Exports from the Basrah Oil Terminal in the Mideast Gulf for November topped out at 1.567 million barrels per day, in 26 cargoes totaling approximately 47 million bbl of oil, according to Oil Daily calculations. This figure is...

EIA Weekly Statistics.(petroleum industry statistics)
December 4, 2003... Department of Energy Weekly Statistics For Week Ended November 28, 2003 Crude Oil: StocksCrude Oil: Production and Imports (millions of bbl)(Average, thousands of bbl) Current Previous ...

Daily Oil & Gas Price Review.
December 4, 2003... Daily Oil & Gas Price Review Prices for Wednesday, December 3, 2003 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg....

Stock Market Scorecard.(petroleum industry stock price movements)
December 4, 2003... Stock Market Scorecard Close 1-Day. % Chg. Dec 03 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors Total 83.51 +0.72 ...

Tosco Investigated for Dumping.(illegal dumping of hazardous waste when it owned a 168,000 b/d oil refinery in Martinez, California)(Brief Article)
December 4, 2003... A California county is investigating allegations of illegal dumping of hazardous waste by Tosco when it owned a 168,000 b/d oil refinery in Martinez, California, the county board chairman said on Wednesday. The Contra Costa County board of...

Kyoto Alternatives Eyed.(report encourages a flexible approach trying different methods to curb climate-change-causing greenhouse gas emissions)(Brief Article)
December 4, 2003... A report by the Pew Center on Global Climate Change encourages a flexible approach that allows countries to try different methods to curb climate-change-causing greenhouse gas emissions. The report, a compilation of six "think pieces"...

Apache Flows Egyptian Well.(Brief Article)
December 4, 2003... Apache said Wednesday that its Egyptian Qasr-2X well flowed 34.5 MMcf of natural gas and 1,320 b/d of condensate from a test in the Jurassic Lower Safa reservoir. The production test at the base of the 707-foot gross hydrocarbon column was...

Chevron Nigeria Wells to Open.(Niger Delta petroleum production to resume)(Brief Article)
December 4, 2003... The head of ChevronTexaco in Nigeria said on Wednesday he hoped to see oil production resume early next year from wells in the Niger delta closed in March due to violence. Nine months after an uprising by ethnic Ijaws in the southern delta...

Plains Offers $200M in Notes.(Plains All American Pipeline)(Brief Article)
December 4, 2003... Plains All American Pipeline said Wednesday that it began a private offering of $200 million in senior notes due 2013. The senior notes being sold by Plains All American will not be registered under the Securities Act of 1933. The net...

Amerada Hess Retires Debt.(Brief Article)
December 4, 2003... Amerada Hess will retire $443 million in debt after making plans to raise money from a preferred stock sale, it said on Wednesday. Hess repurchased $145 million of debt on Dec. 2, which included three series of notes. It plans to buy back the...

Pemex Issues Refinery Tender.( to upgrade the Lazaro Cardenas refinery in Minatitlan, Veracruz)(Brief Article)
December 4, 2003... Pemex's refining arm has issued a fourth tender to upgrade the Lazaro Cardenas refinery in Minatitlan, Veracruz. The upgrade is part of an ongoing project to reconfigure Mexico's refineries to process more heavy, sour domestic crude and to...

Kinder Morgan Buys Pipeline.(from Teppco )(Brief Article)
December 4, 2003... Kinder Morgan Energy Partners (KMP) said Wednesday it bought a portion of a Texas pipeline from Teppco and will convert it from oil to natural gas to serve the growing Austin market. KMP will invest up to $30 million to purchase 172 miles of...