The Oil Daily articles from July 2005

The Oil Daily archives from July 2005

Congress urges White House to block CNOOC.
July 1, 2005... In a move that may reverberate globally, the US House of Representatives late Thursday voted overwhelming in favor of a legislative proposal urging the administration to block CNOOC Ltd. from taking over California-based Unocal. Michigan...

FERC rejects Rhode Island LNG plan.(Federal Energy Regulatory Commission)
July 1, 2005... The Federal Energy Regulatory Commission (FERC) on Thursday rejected a proposal for a liquefied natural gas (LNG) terminal in Providence, Rhode Island, unanimously voting against KeySpan's plan to convert an existing LNG facility into one that...

XTO farms into Exxon acreage in Colorado Gas Basin.
July 1, 2005... A farm-in agreement announced Thursday between US independent producer XTO Energy and supermajor Exxon Mobil will help speed up the development of natural gas reserves underneath more than 69,000 acres in the Piceance Basin in northwest...

Profit-taking pushes Nymex crude lower for third straight day.(New York Mercantile Exchange)(Brief Article)
July 1, 2005... A surge in heating oil prices lent support to crude futures on the New York Mercantile Exchange (Nymex) early Thursday but it was not enough to keep oil prices from finishing down for the third consecutive day. Benchmark light, sweet crude...

Daily oil and gas price review: prices for Thursday, June 30, 2005.(Illustration)
July 1, 2005... [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -0.48 53.91 55.44 50.82 LLS (St. James) -0.53 56.76 58.34 ...

Top Iraqi oil officials replaced in politically driven move.
July 1, 2005... Two of Iraq's top oil officials have been replaced by the country's new oil minister, in a move widely regarded as politically motivated. The changes represent the second major shakeup of the oil ministry since Ibrahim Bahr al-Uloum was...

Congressional panel blames Opec for high prices.
July 1, 2005... Even though there is plenty of oil to satisfy demand, the Joint Economic Committee (JEC) of the US Congress is blaming Opec's manipulation of the oil markets for high oil prices. The JEC in a report released late Wednesday said the rise in...

World gas handbook 2005-06.(Brief Article)(Book Review)
July 1, 2005... Now in its fifth edition, the World Gas Handbook has the enviable reputation as the must-have guide for anyone operating in international gas. This essential reference breaks the industry down into the four main regions--Europe, the...

BHP to develop Neptune field.(Brief Article)
July 1, 2005... Global resources firm BHP Billiton said on Thursday it would spend $300 million developing its Neptune joint venture in the deepwater Gulf of Mexico, which aims to start producing oil and gas by end-2007. In total BHP and its partners will...

Shell escapes reserves charge.(Royal Dutch-Shell Group of Cos.)(Brief Article)
July 1, 2005... The US Department of Justice (DOJ) has withdrawn its threat to prosecute Royal Dutch/Shell for overstating its reserves last year by 4.47 billion boe, the company reported on Thursday. In a statement Wednesday, the DOJ announced the conclusion...

PDV shorts harvest on fee.(Petroleos de Venezuela)(Brief Article)
July 1, 2005... Harvest Natural Resources announced Thursday that Venezuela's state oil company Petroleos de Venezuela (PDV) cancelled part of a delayed payment for oil and gas deliveries the US independent was owed for the first quarter of 2005. PDV paid $27...

Gas in storage rises 92 Bcf.(EIA Gas Storage Report)(Brief Article)
July 1, 2005... Stocks of working natural gas in US storage facilities rose 92 Bcf for the week ended Jun. 24, leaving storage levels at 2,123 Bcf, according to the Energy Information Administration (EIA). Stocks are 198 Bcf higher than last year at this...

Stock Market Scorecard.(NEWS ALERT)(Illustration)
July 1, 2005... Stock Market Scorecard Integrated Close 1-Day Majors 6/30 Chg. % Chg. Statoil 20.30 +0.16 +0.79% Kerr-McGee 76.31 -0.12 -0.16 Marathon 53.37 -0.09 ...

H&P nabs rig contracts.(Exploration & Production)(Helmerich & Payne)(Brief Article)
July 1, 2005... Tulsa-based drilling contractor Helmerich & Payne said Thursday that that it has signed separate deals with two exploration and production companies for five of its patented FlexRigs. The company did not disclose the value of the contracts or...

Sterling reports gulf success.(Exploration & Production)(Brief Article)
July 1, 2005... UK-headquartered Sterling Energy has reported success at two of its Gulf of Mexico wells and said that a workover of a third well has started. Sterling said that the A-1 well at Eugene Island Block 268 has been completed and has been tested at...

TNK-BP sees modest growth.(Brief Article)
July 1, 2005... UK-Russian joint venture TNK-BP has upped its production by 75,000 b/d over the last three months, Chief Operating Officer Larry McVay told reporters in Istanbul Thursday. TNK-BP is currently producing a total of 1.6 million b/d. There will be...

Gorgon LNG awards contracts.(International)(Brief Article)
July 1, 2005... Chevron on Thursday announced it is moving its Greater Gorgon liquefied natural gas (LNG) project in Australia into the front-end engineering and design (FEED) phase. The project includes two production trains with a capacity to process five...

Peru oks Connacher block.(Latin America)(Brief Article)
July 1, 2005... Peru's state regulator Perupetro officially approved the exploration and production contract for Block 106, which was signed by Petrolifera Petroleum del Peru, a unit of Canada's Connacher Oil and Gas. The terms of the contract carry a...

Bush Tabs Kelliher at FERC.(United States. Federal Energy Regulatory Commission)(Brief Article)
July 1, 2005... As had been widely anticipated, President George W. Bush designated Joseph Kelliher to be the new chairman of the Federal Energy Regulatory Commission (FERC), replacing Pat Wood III, who ended his term on Thursday (OD Apr.8,p4). An energy...

Western settles Nymex suit.(New York Mercantile Exchange)(Brief Article)
July 1, 2005... Western Gas Resources on Thursday said it agreed to settle a lawsuit with New York Mercantile Exchange natural gas futures traders, who alleged the producer had manipulated prices. Denver-based Western Gas did not admit liability in the case...

FTC seeks more info from Valero.(United States. Federal Trade Commission)(Brief Article)
July 1, 2005... The Federal Trade Commission (FTC) is seeking additional information and documentary material from independent refiner Valero in connection with its proposed acquisition of rival Premcor (OD Apr.26,p1). In a statement released late Wednesday,...

Anadarko buys pipe capacity.(Pipelines)(Brief Article)
July 1, 2005... Anadarko on Thursday announced it has finalized agreements to take capacity on the planned expansion of the Maritimes & Northeast Pipeline to deliver natural gas from the proposed Bear Head liquefied natural gas (LNG) terminal in Nova Scotia to...

ANR extends open season.(ANR Pipeline Co.)(Brief Article)
July 1, 2005... El Paso subsidiary ANR Pipeline said Thursday that it has fully subscribed the company's existing storage capacity through the 2006-07 withdrawal season and is extending its non-binding open season for expansion of storage and associated...

El Paso seeks Florida gas pipe.(Brief Article)
July 1, 2005... Southern Natural Gas Co., a subsidiary of El Paso, on Thursday filed an application with the Federal Energy Regulatory Commission (FERC) to build a 178-mile pipeline to transport gas from the company's liquefied natural gas (LNG) terminal at...

Motiva mulls plant expansion.(Refining)(Brief Article)
July 1, 2005... Motiva, the US downstream joint venture between Royal Dutch/Shell and Saudi Aramco, is in talks to double its Port Arthur refining capacity to 570,000 b/d, according to a report in the Houston Chronicle. Motiva told Oil Daily that it is...

Valero re-branding nearly done.(Refining)(Brief Article)
July 1, 2005... Leading US independent refiner Valero announced Thursday that the re-branding of its 2,900 retail and wholesale stations will be finished soon. The San Antonio-based company will retire the 30-year-old Diamond Shamrock brand, giving Valero a...

Nymex names Europe chairman.(appointment of Roy Leighton)(Brief Article)
July 1, 2005... Nymex Europe named longtime UK financier Roy Leighton as the chairman of its board on Thursday. Leighton has served as the UK chairman of Calyon (formerly Credit Lyonnais), where he worked since 1973. According to a Nymex news release, Leighton...

CNOOC seeks quick US review of Unocal bid.
July 5, 2005... Confronting a political firestorm in Washington against its planned foray into the US energy sector, CNOOC Ltd. moved quickly to secure a key US government regulatory review of its $18.5 billion bid for Unocal that could help allay widespread...

Officials vow to fight Fall River LNG plan.
July 5, 2005... The approval of the Weaver's Cove liquefied natural gas (LNG) proposal in Fall River, Massachusetts granted by the Federal Energy Regulatory Commission (FERC) last Thursday has elicited strong reactions and angry statements from state, local...

Possible hurricane lends support to bulls in natural gas market.
July 5, 2005... Going into the holiday weekend, the crude oil and natural gas futures markets received an unexpected jolt of bullishness on Friday as concerns over an emerging tropical system located near Jamaica caused a heavy dose of short covering. Traders...

Heating oil rallies to record, drives up Nymex crude.(New York Mercantile Exchange)
July 5, 2005... Crude oil futures in New York rebounded on Friday after three straight days of losses and jumped more than $2 per barrel to above $58/bbl on short-covering ahead of the US Independence Day holiday weekend. A robust heating oil market, where...

Daily oil & gas price review.(Illustration)
July 5, 2005... Daily Oil & Gas Price Review Prices for Friday, July 1, 2005 [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +2.60 56.51 55.43...

Sweets, sours firm in US spot market, as Nymex crude suffers losses on week.(New York Mercantile Exchange)
July 5, 2005... Three straight days of losses in the crude futures market last week turned out to be a boon for the US physical market. Some traders who were liquidating their long positions on the New York Mercantile Exchange (Nymex) decided to pick up a few...

US rig count unchanged.(Baker Hughes Drilling Report)(Brief Article)
July 5, 2005... The number of rigs searching for oil and gas in the US held steady at 1,370 last week, oil services firm Baker Hughes said Friday. During the same week last year, there were 1,201 rigs in operation. The number of rigs searching for oil in...

Healthy demand continues to drive high oil prices in June.
July 5, 2005... Global demand made up some significant ground on supply in June, rising by more than 1.25 million barrels per day compared to a supply gain of 375,000 b/d, but the gap still remained at a hefty 2 million b/d, according to preliminary soundings...

Marathon names refining VP.
July 5, 2005... Marathon President and Chief Executive Clarence Cazalot announced on Friday that the company has appointed Gary Heminger, the current president of Marathon Ashland Petroleum (MAP), as Marathon's new executive vice president. According to a...

Petrocaribe unveiled.(Brief Article)
July 5, 2005... Venezuelan Energy and Mines Minister Rafael Ramirez on Friday told reporters that the signing of Venezuela's flagship energy program for the Caribbean, Petrocaribe, was a "extraordinary success" despite the reluctance of two of the 16 nations...

ANS Ouput Falls in June.(Alaskan North Slope)(Brief Article)
July 5, 2005... Alaskan production dropped by more than 50,000 b/d in June compared to the previous month and more than 70,000 b/d versus a year earlier to 891,000 b/d, according to data from the state's Department of Revenue Tax Division. The June decline was...

Conoco sees lower output.(ConocoPhillips)(Brief Article)
July 5, 2005... ConocoPhillips on Friday said that it believes its second-quarter production will fall 4% below the prior period, in line with expectations. The forecast, which came in the company's regular interim update, is based on barrel-of-oil-equivalent...

Stock market scoreboard.(Petroleum industry)(Illustration)
July 5, 2005... Stock Market Scoreboard Integrated Close 1-Day Majors 7/1 Chg. % Chg. Amerada Hess 110.85 +4.34 +0.04 Marathon 55.54 +2.17 +4.07 Occidental 79.66 +2.73...

Exxon closes Dutch gas deal.(Esso Nederland and Shell Nederland acquires Gasunie)(Brief Article)
July 5, 2005... Exxon Mobil on Friday said its Dutch subsidiary has completed the restructuring of its interest in the national gas transportation business there, which will result in an after-tax benefit of $1.6 billion in the third quarter. Exxon said Esso...

Canadian Gas Storage.(Brief Article)
July 5, 2005... Enerdata reported that the amount of natural gas in Canadian storage facilities rose 18.2 Bcf to 300.3 Bcf for the week ended Jun. 24. Storage caverns are 62.1% full, up from 58.4% the previous week, and up from 60% from a year ago. (Bcf)...

Santos buys Tipperary.(Brief Article)
July 5, 2005... Australia's Santos will buy US independent energy company Tipperary Corp. in a deal valued at $466 million, including the assumption of debt, Tipperary said on Friday. Shareholders of the Denver, Colorado-based company will receive $7.41...

Conoco, Lukoil close venture.(International)
July 5, 2005... ConocoPhillips and Russia's Lukoil on Friday said they have finalized a joint venture to develop energy fields in the northwest portion of Arctic Russia as part of a broader strategic alliance. Houston-based Conoco spent $500 million to...

Kremlin controls Gazprom.(Rosneftegaz)(Brief Article)
July 5, 2005... The Russian state appeared to have won its battle to take a majority stake in gas monopoly Gazprom when its financial vehicle Rosneftegaz said on Friday it had finished acquiring a vital 10.74% stake. Rosneftegaz said in a regulatory...

More Pemex reform needed.(Petroleos Mexicanos and its taxation reform)(Brief Article)
July 5, 2005... Credit rating agency Fitch on Friday said the recent passage of Pemex tax reform by the Mexican Congress was a "positive" development, but noted that the country needed to make significant additional reforms to help bolster the state oil...

Devon advances in Brazil.(Devon Energy plans )(Brief Article)
July 5, 2005... Devon Energy said Thursday it plans to bring new production from its offshore oil development in Brazil's Campos basin by the second half of 2007. The US independent plans an initial output of 50,000 b/d from the Polvo field, where it made...

Marathon names refining vp.(Personnel)
July 5, 2005... Marathon President and Chief Executive Clarence Cazalot announced on Friday that the company has appointed Gary Heminger, the current president of Marathon Ashland Petroleum (MAP), as Marathon's new executive vice president. According to a...

Omni to sell aviation unit.(Omni Energy Services, Rotorcraft Leasing)(Brief Article)
July 5, 2005... A Louisiana-based service-support company has announced plans to sell its aviation division in a deal valued at about $11 million. Omni Energy Services said it will sell its aviation assets to Rotorcraft Leasing with proceeds to be used to...

Valero LP closes Kanab deal.(Kaneb Services, Kaneb Pipe Line Partners )(Brief Article)
July 5, 2005... Valero LP on Friday said it has completed its acquisition of Kaneb Services and Kaneb Pipe Line Partners for a total transaction value of nearly $2.7 billion. Valero said it will recommend to its board of directors an increase in its annual...

Speculators boost net longs.(Oil & Gas Markets)(Brief Article)
July 5, 2005... Crude oil speculators on the New York Mercantile Exchange increased their net long positions in the week ended Jun. 28 in a bet prices would continue to rise, the Commodity Futures Trading Commission (CFTC) said Friday. Noncommercial crude oil...

Nexen sells Canada assets for $760 million.
July 6, 2005... Canadian independent Nexen Energy said it is close to finalizing deals to sell conventional oil and gas properties in Canada for about $760 million (C$950 million). Proceeds from the sales will be used to reduce the debt that Nexen took on to...

Nymex denies rejecting Blackstone bid.(New York Mercantile Exchange)
July 6, 2005... The New York Mercantile Exchange (Nymex) denies it rejected a bid by New York private equity powerhouse Blackstone and Boston's Battery Ventures to take a minority stake in the exchange. The denials by Nymex vice president for external...

Mergers, buyouts and rumors boost value of big firm shares.
July 6, 2005... A series of mergers, acquisitions and rumors propelled several big companies into the usually more minnow-dominated, weekly top 15 share-price winners and losers list compiled by energy consultancy John S. Herold. Canadian junior...

Oil & gas share gainers and decliners.(Illustration)
July 6, 2005... Oil & Gas Share Gainers and Decliners Week Ended Jul. 1, 2005 Top 15 Gainers Close Close Company Ticker 7/1 6/24 %Chg Ramco Energy ROS LN 36.50 ...

Nymex crude, products move higher as storms threaten gulf.(New York Mercantile Exchange)(Brief Article)
July 6, 2005... Hurricane activity in the Caribbean spurred a buying frenzy on the New York Mercantile Exchange (Nymex), as market players expected storms to head to the Gulf of Mexico and possibly disrupt oil and gas activity (see p6). In New York,...

Daily oil & gas price review.(Illustration)
July 6, 2005... Daily Oil & Gas Price Review Prices for Tuesday, July 5, 2005 [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +0.64 57.15 ...

BP sees flat Q2 output, profits look good despite charge.(British Petroleum Company)
July 6, 2005... BP is set to report bumper second-quarter earnings thanks to strong oil and gas selling prices, although profits will likely be hit by charges from March's Texas City refinery explosion while upstream production will be flat, the UK major said...

Repsol to Invest in Camisea.(Brief Article)
July 6, 2005... Spain;s Repsol YPF says it expects to sign an agreement to take part with the Hunt Oil-owned Peru LNG, which is expected to begin exporting the liquefied natural gas (LNG) in 2009. Repsol Chairman Antonio Brufau said he expects to sign an...

Cooling degree days.(Illustration)
July 6, 2005... Cooling Degree Days For the week of Jul. 2, 2005 Week Dev From Week From Year Cum State/City (PADD) Total Norm...

Record high oil, natural gas prices lift equities out of slump.
July 6, 2005... Oil equities rebounded sharply in June after a lackluster May. Benchmark West Texas Intermediate crude ended June at $56.50 per barrel, a rise of $5 over the course of the month. Such strong oil prices pushed up company share prices, with some...

Aramco advances with Rabigh expansion despite soaring costs.
July 6, 2005... Saudi Aramco and its Japanese partner, Sumitomo Chemical, have set their massive Rabigh refinery expansion project in motion by awarding major contracts, sources have told Oil Daily. At the same time, the partners are battling to keep costs...

Tropical storms threaten US Gulf.(Top Briefs)(Brief Article)
July 6, 2005... Cindy, the third named tropical storm of the 2005 Atlantic hurricane season, has entered the Gulf of Mexico, prompting several companies to evacuate workers from rigs and platforms in the storm's path. Meanwhile, the fourth named storm, Dennis,...

Pacific buys Valero pipes.(Top Briefs)(mergers and acquisitions)(Brief Article)
July 6, 2005... Pacific Energy Partners LP has signed a definitive agreement to acquire certain terminal and pipeline assets from Valero LP, Pacific Energy said on Tuesday. Pacific Energy Partners said the assets consist of two California terminals...

Russian June output rises.(International)(oil production)(Brief Article)
July 6, 2005... Russia's oil output rose to a new high of 9.426 million b/d in June, up around 1% on the previous month, according to preliminary government data. The June figure is 1.8% up on the same period of last year, when production stood at 9.255...

Stock market scorecard.(NEWS ALERT)(Illustration)
July 6, 2005... Stock Market Scorecard Integrated Close 1-Day Majors 7/5 Chg. % Chg. BP 66.00 +2.77 +4.38% ConocoPhillips 61.24 +2.14 +3.62 Exxon Mobil 60.14 +1.83...

Khurais FEED deal awarded.(International)(front-end engineering and development)(Brief Article)
July 6, 2005... Engineering and construction firm Foster Wheeler said Tuesday that its UK subsidiary has been awarded a front-end engineering and development (FEED) project and a project management services contract by Saudi Aramco for the Khurais full-field...

Overruns delay Brazil pipe.(Latin America)(Brief Article)
July 6, 2005... Disagreements between Brazil's state controlled oil giant Petrobras and China's Sinopec, that country's biggest refiner, over the construction costs of a long awaited natural gas pipeline linking the northeast and southeast gas networks in the...

Petrobras, PDV plan refining JV.(Latin America)(Brief Article)
July 6, 2005... An oil refinery to be built in northeast Brazil with Venezuelan support will process heavy crude blends from a planned venture in Venezuela's prolific Orinoco Belt, Venezuela's President Hugo Chavez said Sunday. Chavez said the initiative is...

XTO buys Permian assets.(Exxon Mobil Corp. and XTO Energy Inc.)(Brief Article)
July 6, 2005... XTO Energy has struck two separate deals with a combined value of some $270 million to buy predominantly oil-producing properties from Exxon Mobil and Mission Resources in the Permian Basin of West Texas and Southeast New Mexico. The deals will...

Devon buys Canada leases.(Devon Energy Corp. and Exxon Mobil Corp.)(Brief Article)
July 6, 2005... Devon Energy has bought about 165,000 acres of oil and gas properties in Western Canada from Exxon Mobil in a $200 million purchase announced Tuesday. The acquisition includes 208 net sections of heavy oil leases and 51 net sections of...

Deer Park halts restart.(Deer Park Refining)(Brief Article)
July 6, 2005... Deer Park Refining halted the restart of a 67,000 b/d gasoline-producing catalytic cracking unit (CCU) at its 340,000 b/d Deer Park, Texas, refinery on Monday, the company said in a statement on Tuesday. A catalyst circulation problem...

Storm threat pushes crude oil over $61.(petroleum products prices )
July 7, 2005... With Tropical Storm Cindy gone and her brother Dennis due to hit the Gulf of Mexico this weekend, the price of crude oil on Wednesday surpassed $61 for the first time on fears of supply disruptions, even as production in the Gulf of Mexico...

Texas pipeline to add 1.6 Bcf/d of capacity.(Energy Transfer Partners )
July 7, 2005... Growing natural gas production from the Barnett Shale in East Texas and several East Texas plays is prompting Dallas-based Energy Transfer Partners (ETP) to expand its Texas intrastate pipeline system by 264 miles and increase capacity by 1.6...

GAO says boutique fuels hamper gasoline supply, raise costs.(Government Accountability Office)
July 7, 2005... Special gasoline blends used in parts of the US to meet air pollution rules are indeed improving air quality, but they are also hampering the supply system and contributing to higher gasoline prices, according to a Government Accountability...

Daily oil & gas price review.(Illustration)
July 7, 2005... Daily Oil & Gas Price Review Prices for Wednesday, July 6, 2005 [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +1.56 58.71 ...

Petroecuador says it needs $900 million to boost production.
July 7, 2005... Ecuador's state oil company, Petroecuador, says it needs $900 million to overhaul its aging infrastructure in order to boost production, which has declined by half in the past decade. Petroecuador's output now averages 197,000 barrels per...

API study pegs MTBE groundwater contamination cleanup at $1.5 billion.(American Petroleum Institute reports on methyl tertiary butyl contaminationether)
July 7, 2005... A new study funded by the American Petroleum Institute (API) estimates that methyl tertiary butyl ether (MTBE) groundwater and drinking water contamination clean up would cost at most $1.5 billion. The assessed amount is for cleanup of MTBE...

FTC says fundamentals drive up pump prices.(United States. Federal Trade Commission)
July 7, 2005... High gasoline prices are the result of tight fundamentals and not because of industry mergers, according to a new study by the Federal Trade Commission (FTC) released this week. The report said that over the past 20 years, changes in the price...

Closer ties between Iran and Iraq could lead to pipeline deal.
July 7, 2005... The ascendance of pro-Iranian Shiite groups in Iraq in January elections is starting to translate into closer ties between the two former foes. Baghdad and Tehran are preparing to sign an extensive cooperation agreement next week, which looks...

Iraq builds modern database after sanctions, postwar chaos.(Iraq Oil Exploration Co.)
July 7, 2005... Regardless of its official name, Iraq Oil Exploration Co. (IOEC) has done little in the way of exploration for the past 15 years and it is unlikely to start exploring the vast country anytime soon in the absence of seismic equipment and trained...

US will wait for CNOOC review.(CNOOC Ltd. bid for Unicol Corp.)(Brief Article)
July 7, 2005... National Security Adviser Stephen Hadley indicated the US government will wait until any bid by the Chinese oil company CNOOC Ltd. for Unocal is finalized before starting a formal review of the transaction. "Should the offer become...

Chevron denies CNOOC pullout.(China National Offshore Oil Corp.)(Brief Article)
July 7, 2005... A Chevron spokeswoman on Wednesday denied reports that China's CNOOC had suspended negotiations for long-term supplies of LNG from the Chevron-led Gorgon project off the coast of Australia. Citing Gorgon officials, The Australian newspaper...

Nymex pays 'special' dividend.(New York Mercantile Exchange)(Brief Article)
July 7, 2005... Nymex Holdings, owner of the New York Mercantile Exchange, said Wednesday it will distribute a "significant and unprecedented" special cash dividend of $81.6 million to Nymex shareholders of record as of Jul. 15, 2005. Each shareholder will be...