The Oil Daily articles from February 2005

The Oil Daily archives from February 2005

US Firms Win Big in Landmark Libya Tender.
February 1, 2005... US companies Occidental, ChevronTexaco and Amerada Hess were welcomed back to Libya with open arms on Saturday, following the results of Tripoli's latest and long-awaited upstream tender, entitled Epsa-4. By contrast, the many European firms...

Refining Carries Exxon Mobil to Record Q4.
February 1, 2005... Exxon Mobil was expected to post big fourth-quarter profits, driven by a red-hot oil market that refuses to cool off. What wasn't expected, however, was how much the Texas-based supermajor's smaller divisions would contribute to earnings. ...

Terasen to Move Forward With TMX Expansion As Enbridge Waits on Chinese.
February 1, 2005... Although Canada's Enbridge has been the focus of attention recently concerning its plan to sign up China's Sinopec as the anchor customer for its C$2.5 billion (US$2 billion) Gateway pipeline from Alberta to the coast of British Columbia,...

Market Finds Opec Comments Bullish as Nymex Crude Gains $1.(Organization of Petroleum Exporting Countries)(New York Mercantile Exchange )(Brief Article)
February 1, 2005... New York Mercantile Exchange (Nymex) crude futures fell sharply in early trading Monday after producer group Opec decided Sunday not to cut production and the lack of violence during the Iraqi elections, but prices later rallied on realization...

Opec Maintains Output Quotas, Eyes New Oil Price Target.(Organization of Petroleum Exporting Countries)
February 1, 2005... Opec decided on Sunday to keep its current output quotas unchanged but to monitor markets closely and react if necessary before its next meeting on Mar. 16, the producer group announced after its Vienna meeting of energy ministers. Earlier...

Green Groups See Tough Road Ahead for ANWR, Other Issues.(Arctic National Wildlife Refuge)
February 1, 2005... Notwithstanding the healthy support the Republican- controlled Congress appears to have this session to pass legislation allowing drilling in the Arctic National Wildlife Refuge (ANWR), environmental groups on Monday were upbeat that the issue...

Syntroleum Shares Soar Amid Optimism About Nigeria GTL Project.
February 1, 2005... Gas-to-liquids (GTL) firm Syntroleum saw its stock rise 16.4% last week amid optimism about plans to use its technology to help develop the Aje oil and gas field offshore Nigeria. The move made the Tulsa, Oklahoma-based company one of the...

Mexico Needs $3 Billion to Upgrade Aging, Failing Pipeline Network.
February 1, 2005... Mexican state oil company Pemex estimates it needs to spend about $3 billion over the next six years to upgrade and maintain its aging pipeline network. Visiting the sight of Pemex's latest pipeline spill -- the fourth such incident in a...

Protests Not Expected to Delay Camisea II Project in Peru.
February 1, 2005... The development plan for the second phase of Peru's Camisea gas project is unlikely to be delayed by protests from indigenous communities, even though the demonstrations forced the suspension of three public meetings organized to assess the...

Heating Degree Days.(Illustration)
February 1, 2005... Heating Degree Days Week Dev Cum Dev For week of From From From January 29, 2005 Week From Year...

Daily Oil & Gas Price Review.(Illustration)
February 1, 2005... Daily Oil & Gas Price Review Prices for Monday, January 31, 2005 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg. ...

Stock Market Scorecard.(Illustration)
February 1, 2005... Stock Market Scorecard Close 1-Day % Chg. 1/31 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors Amerada Hess 86.65 +2.10 ...

Encore Increases Reserves By 23%.(Encore Acquisition)(Brief Article)
February 1, 2005... Fort Worth-based Encore Acquisitions announced Monday that it ended 2004 with a 23% increase to its proved oil and gas reserves. As of Dec. 31, 2004, the company had 173 million boe in proved reserves, with oil accounting for 77% and...

Valero L.P. Posts Lower Q4.(Brief Article)
February 1, 2005... Pipeline operator Valero Limited Partnership said Monday that it earned $17.9 million (78cents/unit) in the fourth quarter of 2004 compared with $18.3 million (79cents/unit) during the same period of 2003. However, full-year 2004 net income...

Transocean Warns Lower Q4.
February 1, 2005... Offshore drilling contractor Transocean on Monday warned that its earnings for the fourth quarter of 2004 would be below third quarter levels. The company said in a statement that revenues for the quarter were hurt by idle time and...

Shell, GM in NYC Fuel Cell Scheme.(Royal Dutch/Shell)(General Motors)(New York City)(Brief Article)
February 1, 2005... Hydrogen fuel cell vehicles, and the filling stations to support them, are coming to New York, according to plans announced last week by General Motors and Royal Dutch/Shell. GM will provide 13 fuel cell-powered vehicles and Shell Hydrogen...

Foster Wheeler Gets UAE Gas Deal.(Abu Dhabi Gas Industries )(Brief Article)
February 1, 2005... Bermuda-based engineering firm Foster Wheeler said Monday that it received a contract from Abu Dhabi Gas Industries to develop the third phase of its onshore gas development at Habshan. Terms of the project, which will help Abu Dhabu increase...

Sinopec Inks Cuba Upsteam Pact.(Cubapetroleo)
February 1, 2005... China's state-controlled Sinopec has joined forces with Cuba's Cubapetroleo (Cupet) to explore for and produce oil off the Caribbean island's coast. According to a statement in Cuba's state newspaper, Granma, the two companies signed an...

Dems Want Iraq DFI Probe.(Democrats)(Development Fund for Iraq )(Brief Article)
February 1, 2005... Two senior Democrats are seeking congressional hearings on the Bush administration's mismanagement of the Development Fund for Iraq (DFI), created to handle revenue from the export of crude oil. In a letter to House Government Reform...

Chevron Denies Ecuador Claims.(ChevronTexaco)(Brief Article)
February 1, 2005... ChevronTexaco said on Monday it "objects in the strongest possible manner to the irresponsible and unsubstantiated statements made by AmazonWatch and Steven Donziger" in their Jan. 28 news releases regarding an environmental lawsuit against the...

El Paso Buys Texas E&P Assets.(exploration and production )(Brief Article)
February 1, 2005... True to its word, El Paso has beefed up its upstream gas business by spending $211 million on two property acquisitions in Texas. The Houston-based gas pipelines and production company said the deals will add approximately 124 Bcf of proved...

Lawmakers Seek LNG Safety.(Brief Article)
February 1, 2005... A bipartisan group of lawmakers on Monday asked the Government Accountability Office (GAO) to investigate the vulnerabilities of liquefied natural gas (LNG) tankers and other maritime energy transport and infrastructure to terrorist attacks....

Sunoco Repairs Mid-Valley Pipe.(Sunoco Logistics Partners )(Brief Article)
February 1, 2005... Repairs were completed Sunday to the Mid-Valley Pipeline and operator Sunoco Logistics Partners said it has returned to service with normal throughput expected on Monday. The pipeline, which normally moves 195,000 b/d of crude oil from...

Valero CEO Rips Wall Street After Stellar Quarter.
February 2, 2005... Top US independent refiner Valero reported Tuesday that earnings for the fourth quarter tripled on robust refining margins for distillates, record throughput and the company's ability to take advantage of wide sweet-sour crude differentials....

Unocal Leads January Recovery for Oil Shares.
February 2, 2005... Oil shares rebounded in January following a poor showing in the final month of 2004, driven by stronger benchmark oil prices that moved $5 per barrel higher during the month. The US-based oil companies tracked by Oil Daily all inched higher...

Nymex Crude Futures Fall $1 on Post-Opec Profit-Taking.(New York Mercantile Exchange)(Brief Article)
February 2, 2005... Crude oil futures in New York and London lost more than $1 on Tuesday, wiping out Monday's gains in a day that lacked real direction but was building up strength as investors digested Opec's weekend meeting and concluded that the organization...

EnCana Writes Down 363 Million bbl of Heavy Crude Reserves.
February 2, 2005... Calgary-based EnCana is the latest Canadian producer forced to substantially reduce its proven heavy oil reserves because of an accounting quirk under US Securities and Exchange Commission (SEC) rules. EnCana said Tuesday it will remove an...

Unocal Production Recovers as Firm Faces Pivotal Year on Wall Street.
February 2, 2005... Unocal looks to have turned a corner in the final quarter of 2004, posting a 2% year-on-year increase in output after declines in the first three quarters of the year. The El Segundo, California-based independent also indicated that it...

Venezuelan Shake-Up Extends to US With Ouster of Citgo CEO.(Felix Rodriguez is appointed as the CEO of Citgo Petroleum Corp.)
February 2, 2005... Venezuelan state oil company Petroleos de Venezuela (PDV) is getting ready to replace the head of its Houston-based refining and marketing arm, Citgo Petroleum Corp. Reuters confirmed on Tuesday that Citgo Chief Executive Officer Luis...

Chevron Signs First Contract for Sao Tome-Nigeria Offshore Zone.(ChevronTexaco)
February 2, 2005... ChevronTexaco on Tuesday signed a long-awaited production- sharing contract (PSC) with Nigeria and Sao Tome's Joint Development Authority (JDA) for Block 1 in the two countries' shared offshore zone. The block was awarded in April 2004...

Yukos CEO Plans for Uncertain Future, Looks Forward to US Court Ruling.(OAO NK Yukos)
February 2, 2005... Yukos Chief Executive Steven Theede said on Tuesday that the company knew which traders were handling oil from its former production arm Yuganskneftegas and was prepared to take legal action against them. "Maybe purchasers feel that by...

Daily Oil & Gas Price Review.(Illustration)
February 2, 2005... Daily Oil & Gas Price Review Prices for Tuesday, February 1, 2005 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg. ...

Stock Market Scorecard.(Illustration)
February 2, 2005... Stock Market Scorecard Close 1-Day. % Chg. 2/1 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors Exxon Mobil 53.27 +1.67 ...

Swift Plans 10% Capex Hike.(Swift Energy)(Brief Article)
February 2, 2005... Houston-based Swift Energy said Tuesday that oil and gas production increased 10% in 2004 and announced a 10% hike in capital spending for 2005. Swift Energy Chief Executive Terry Swift said the company will spend about $200 million to...

BJ Services Sees Solid Quarter.(Brief Article)
February 2, 2005... Oilfield services provider BJ Services on Tuesday reported that profits for the Dec. 31 quarter rose by more than half, surpassing expectations, as increased energy needs fueled brisk demand from oil and gas producers. Net income rose to...

TransCanada Profit Down in Q4.(TransCanada PipeLines)(Brief Article)
February 2, 2005... Calgary-based TransCanada PipeLines (TCPL) is taking a hard line on suggestions it ease up on rights to build and operate the Canadian portion of the proposed pipeline from Alaska's North Slope to the US Midcontinent, TCPL President and Chief...

Alaskan Output Slips in January.(Brief Article)
February 2, 2005... Alaskan oil production eased back by 36,000 b/d to 967,000 b/d in January from the previous month on lower output from the Prudhoe Bay, Kuparuk and Northstar fields, according to data from the state's Department of Revenue Tax Division. ...

Canadian Drilling to Surge in '05.(oil well drilling)(Brief Article)
February 2, 2005... The Petroleum Services Association of Canada (PSAC) predicts Alberta will have a banner year in 2005 for the number of oil and gas wells drilled in the province. The PSAC estimates that a total of 18,625 new wells will be drilled in...

Kazakhs Seek More of Kashagan.(Centrica PLC)(Brief Article)
February 2, 2005... Kazakhstan Prime Minister Danial Akhmetov said Tuesday that the country is willing to buy more than a 50% of BG's stake in the Kashagan gas project, adding that securing such a stake for Astana will enable "KazMunaiGas to be listed among the...

Murphy Awards Kikeh FPSO.(Murphy Oil USA Inc)(Malaysia International Shipping Corp.)(floating production, storage and offloading)(Brief Article)
February 2, 2005... US Murphy Oil said that it awarded the construction contract for the floating production, storage and offloading (FPSO) vessel for its Kikeh project to Malaysia International Shipping Corp. (MISC). The planned vessel will have the ability...

Brazil Invests in Cleaner Fuels.(Petroleo Brasileiro S.A.)(Brief Article)
February 2, 2005... Brazil's state oil company Petrobras will invest $1.6 billion to boost the quality of gasoline it produces with a view to export more, a senior company official said on Tuesday. Petrobras Supplies Director Paulo Roberto Costa told reporters...

Oriente Discount Deepens.(petroleum products)(Brief Article)
February 2, 2005... With a saturated market for heavy crude, Ecuador lowered its official selling price for Oriente in January to a massive discount of $18.11 to US benchmark West Texas Intermediate (WTI), from minus $16.95 in December and minus $13.95 in...

Bodman Takes Charge At DOE.(Samuel Bodman )(Department of Energy)(Brief Article)
February 2, 2005... Samuel Bodman on Tuesday took over the reins as the new US Energy Secretary after winning the unanimous approval of the Senate. Bodman replaces Spencer Abraham, who served out the full four years of President George W. Bush's first term to...

TXU May Sell Gas-Fired Plants.(TXU Power)(Brief Article)
February 2, 2005... TXU Power, the unregulated power generation subsidiary of TXU Corp., said Tuesday it is offering the capacity from 61% of its natural gas-fired assets for either direct sale or for contract via a tolling arrangement. The announcement...

Talisman Boosts Norway Assets.(Talisman Energy acquires Pertra)(Brief Article)
February 2, 2005... Canada's Talisman Energy is set to acquire Pertra, the affiliate of Norwegian seismic specialist Petroleum Geo- Services (PGS), for $155 million, the company said Tuesday. "This acquisition effectively doubles the size of Talisman's...

Atlantic LNG Moves on Train 4.(Brief Article)
February 2, 2005... Atlantic LNG in Trinidad moved a step closer to completing its fourth processing train when the roof was secured onto the outer structure of the storage tank, the company said. "The roof-raising is a major milestone in Atlantic's Train 4...

Exxon Fuel Pipeline Explodes.(Exxon Mobil)(Brief Article)
February 2, 2005... A fuel pipeline owned by Exxon Mobil exploded Tuesday morning near Allentown, Pennsylvania, forcing the evacuation of 30 people in the area, emergency officials said. There were no injuries reported. The pipeline, which carries gasoline to...

Conoco to Shut Texas Unit.(ConocoPhillips)(Brief Article)
February 2, 2005... ConocoPhillips on Tuesday filed with regulators to take down a unit beginning on Feb. 10 at its 233,000 b/d refinery in Sweeny, Texas. Unit 27 will undergo scheduled maintenance turnaround beginning with the removal of feed on Feb. 10,...

Exxon Slows Texas Unit.(Exxon Mobil Corp. reduces production)(Brief Article)
February 2, 2005... Exxon Mobil on Monday reduced production at a catalytic desulfurization unit at its 360,000 b/d oil refinery in Beaumont, Texas, state regulators said on Tuesday. "The CHD-2 compressors shut down due to the unexpected liquid in hydrogen...

Hydrocarbons Law Delay Slows Bolivia's Plans.
February 3, 2005... Bolivian Mining and Hydrocarbons Minister Guillermo Torres on Thursday said political differences in Congress are slowing the approval of Bolivia's long awaited hydrocarbons law, which is in turn slowing development of the country's 53 trillion...

PDV Evaluates Citgo Options, Denies Sale.(Petroleos de Venezuela)
February 3, 2005... With new rumors swirling that Petroleos de Venezuela (PDV) could sell US refining subsidiary Citgo, analysts are questioning the financial reasoning behind such a move for Venezuela while weighing the potential opportunities for acquisitive US...

Devon Improves on Upstream Costs Despite Reserve Revision.(Devon Energy Corp.)
February 3, 2005... Devon Energy delivered respectable drillbit reserve replacement numbers for 2004, even though its overall reserve additions were dragged down by price-related revisions in Canada and overseas. Devon, criticized for high finding and...

Bearish Products Data Drive Nymex Crude Prices Lower.(New York Mercantile Exchange)
February 3, 2005... Crude futures prices fell Wednesday on mixed petroleum inventory data that traders viewed bearish. The losses reversed what had been a bullish market earlier in the morning. US light, sweet crude for delivery in March closed 43cents lower...

Spiking Spanish Demand Diverts LNG Cargoes Away From US.(liquefied natural gas)
February 3, 2005... Spain has been attracting liquefied natural gas (LNG) cargoes over the past two months at the expense of the US. Four US-bound cargoes from Malaysia have now discharged in Spain since mid-December, and a fifth is thought to be on the way. ...

Canada's Western Provinces Look to Capitalize on Federal Revenue Deals.(Newfoundland and Labrador and Nova Scotia's economic aspects)
February 3, 2005... The success of Newfoundland and Nova Scotia in wresting all of the offshore oil revenues from Canada's federal government has already affected other oil and gas producing regions in the country. Just prior to flying to Ottawa this week to...

Indian Oil Companies Plant Roots Throughout Mideast Gulf.
February 3, 2005... Supermajors are facing a new challenge in their traditional hunting grounds in the Middle East, as Indian companies aggressively seek a role in the region as the latest stage in a global push that's taken shape in the last few years. The...

Weather, Technical Woes Conspire to Depress January Iraqi Exports.
February 3, 2005... Bad weather, congestion and technical problems combined to stifle oil flows into Iraq's Basrah Oil Terminal (BOT) toward the end of January, delaying loading of 14 tankers, or nearly a third of scheduled oil exports for the month. As a result,...

EIA Weekly Statistics.(Illustration)
February 3, 2005... Summary of Weekly Petroleum Data for the Week Ending January 28, 2005 Crude Oil: StocksCrude Oil: Production and Imports (millions of bbl)(Average, thousands of bbl) Domestic Current Week PreviousWeek Chg. ...

Daily Oil & Gas Price Review.(Illustration)
February 3, 2005... Daily Oil & Gas Price Review Prices for Wednesday, February 2, 2005 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg....

Stock Market Scorecard.(Illustration)
February 3, 2005... Stock Market Scorecard Close 1-Day % Chg. 2/02 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors Statoil 16.18 +0.51 +3.25% ...

Bill Barret Reserves Rise 43%.(Brief Article)
February 3, 2005... Bill Barret Corp. said Wednesday that its 2004 reserves reached 292.3 Bcfe (88% natural gas), an increase of 43% over 2003 reserves. The company said its net reserve addition of 119.8 Bcfe replaced 378% of 2004 oil and gas production. The...

Murphy Profits Beat Estimates.(Murphy Oil )(Brief Article)
February 3, 2005... Murphy Oil announced late Wednesday that fourth-quarter net income totaled $134.5 million ($1.44/share), up from a year- earlier net income of $58.7 million (63cents/share). Analysts were expecting Murphy to earn $1.37/share, according to...

Duke Results Exceed Targets.(Duke Energy )(Brief Article)
February 3, 2005... Duke Energy on Wednesday reported a fourth-quarter profit on the strength of its natural gas field services unit and its electric utility, proving that its financial turnaround is underway. The company also set a 2005 earnings target above...

Syncrude Output Forecast Cut.(Canadian Oil Sands Trust )(Brief Article)
February 3, 2005... Canadian Oil Sands Trust said Wednesday that it unsuccessfully attempted to restart a hydrogen plant at its Syncrude oil sands refinery following the failure of several reformer tubes, and that the unit will remain down for maintenance for "an...

Banks Call in Rosneft Loan.(Brief Article)
February 3, 2005... Western banks have hit Rosneft with a demand for immediate payment of $525 million in debt guaranteed by former Yukos producer Yuganskneftegas, the Russian state oil company confirmed. The suspension of Yukos' crude exports has deprived a...

Ecuador Has New Oriente Formula.(Petroleos del Ecuador)(Brief Article)
February 3, 2005... State-owned Petroecuador is changing its pricing formula for half of its exports of heavy Oriente crude in a bid to increase prices and make the crude more competitive. The formula change comes in response to its ever-widening export discounts,...

Bush Warned Against Budget Cuts.(George W. Bush)(Brief Article)
February 3, 2005... With President Bush set to present his fiscal 2006 budget request to Congress Monday, members of the House of Representatives Western Caucus are urging him to increase funding for government programs that help boost production of oil and...

ANWR Drilling Ban Proposed.(Arctic National Wildlife Refuge)(Brief Article)
February 3, 2005... Democrats joined forces with moderate Republicans in the Senate and the House of Representatives to introduce legislation to preserve the coastal plains of the Arctic National Wildlife Refuge (ANWR) as a wilderness area, where oil and gas...

EnCana Advances Asset Sales.(Brief Article)
February 3, 2005... Canadian independent EnCana announced further details on Wednesday of plans to sell its assets in Ecuador and the US Gulf of Mexico, which it first announced late last year when it sold its UK North Sea assets to Nexen (OD Nov.1,p1). ...

Plains Expands Cushing Tanks.(Plains All American Pipeline)(Brief Article)
February 3, 2005... Plains All American Pipeline said Wednesday that it is beginning Phase V of its Cushing Terminal expansion project. Under the project, Plains will build an additional 1.1 million bbl of oil storage in Cushing, Oklahoma, bringing its total...

Reserves Issue Overshadows Shell Profits.(Royal Dutch/Shell )
February 4, 2005... Royal Dutch/Shell provided another unpleasant surprise for investors Thursday with a bigger-than-expected cut in oil and gas reserves, but attempted to sugar the pill with an early commitment to $3 billion-$5 billion of share buybacks this...

Marathon Eyes Return to Troubled Sudan.(Marathon Oil Co.)
February 4, 2005... Even as the threat of fresh sanctions against Sudan looms, Houston-based oil company Marathon is keeping its interests alive for potential re-entry to the African nation plagued by ethnic strife. Marathon quietly signed an agreement in...

Industry Applauds Bush Pitch to Pass Broad Energy Bill.(George W. Bush)
February 4, 2005... President Bush's forceful pitch to Congress to pass a broad energy bill and reduce US reliance on foreign oil is being welcomed enthusiastically by leading industry groups who believe the White House is offering leadership on the issue this...

Nymex Crude Prices Fall for Third Consecutive Day.(Brief Article)
February 4, 2005... Crude and product futures markets were soft Thursday as recent data showing bearish market fundamentals prompted a sell-off for third straight day. Traders expecting prices to fall further tried to get out of their long positions in order to...

Golden Eagle Turnaround Slams Tesoro Profits; Refiner Posts Small Q4 Loss.
February 4, 2005... It was not all roses for refiners in the fourth quarter. After watching other US refiners announce blockbuster profits, Tesoro said Thursday that it posted a small loss last quarter due to heavy turnaround activity and a number of unexpected...

EOG Reports Strong Production Growth, Seeks to Capitalize on Barnett Shale.(EOG Resources)
February 4, 2005... Houston-based EOG Resources reported strong production growth and reserve replacement numbers for 2004 on Thursday and said volume growth would be even stronger this year. Fourth-quarter production rose 17.7% to 1.36 billion cubic feet of...

Murphy Details Offshore Congo Plans.(Murphy Oil USA Inc.)
February 4, 2005... Shares of Murphy Oil have surged nearly 10% over the past week following the announcement that the company is sitting on a big oil field off the Republic of Congo. The small, Arkansas-based integrated oil company announced Jan. 27 that the...

UN Oil-for-Food Boss Asked Saddam's Iraq for Oil 'Allocations'.
February 4, 2005... Benon Sevan, while serving as the United Nations Under- Secretary General and head of the UN's oil-for-food program for Iraq, personally requested oil "allocations" from Saddam Hussein's government, which resulted in a profit of $1.5 million...

Fortunes Vary Greatly for Halliburton, Schlumberger in Mexico.
February 4, 2005... Oil service provider Halliburton this week said it lost $33 million from two drilling projects in southern Mexico, an announcement that starkly contrasted with the profits made by other oil service companies operating in the country. ...

EIA Gas Storage.(Energy Information Administration)(Brief Article)
February 4, 2005... Gas in Storage Falls 188 Bcf Stocks of working natural gas in US storage facilities fell 188 Bcf for the week ended Jan. 28, leaving storage levels at 2,082 Bcf, according to the Energy Information Administration (EIA). Stocks are 188...

Daily Oil & Gas Price Review.(Illustration)
February 4, 2005... Daily Oil & Gas Price Review Prices for Thursday, February 3, 2005 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg. ...

Stock Market Scorecard.(Illustration)
February 4, 2005... Stock Market Scorecard Close 1-Day. % Chg. 2/03 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors Marathon 40.59 +0.59 ...

PetroQuest Sets Output Record.(Petroquest Energy Inc.)(Brief Article)
February 4, 2005... Lafayette, Louisiana-based PetroQuest reported Thursday that it produced 14.2 Bcfe during 2004, hitting a new company record with about 65% of the production being natural gas. This is a 47% increase over the 9.6 Bcfe produced in 2003. ...

Ex-Senator on Valero's Board.(Don Nickles)(Brief Article)
February 4, 2005... Don Nickles, a former US senator from Oklahoma, was elected to Valero's board of directors and will sit on the board's finance committee, the independent refiner said Thursday. Nickles, a Republican, was elected to the Senate in 1980 at the...