The Oil Daily articles from June 2006

The Oil Daily archives from June 2006

Analysts weigh oil impact of US-Iran talks.
June 1, 2006... The surprise US offer on Wednesday to join negotiations with Iran if that country suspends its nuclear enrichment program might in the short term weaken oil prices, but could turn very bullish if the talks are not successful--certainly if the...

Exxon shareholders win governance vote.
June 1, 2006... Rex Tillerson got a surprise Wednesday at his first shareholder meeting as chairman and chief executive of Exxon Mobil. The stockholders approved a proposal submitted by some of their dissident members dealing with the election of directors....

Iraq cracks down in Basrah, imposes state of emergency.
June 1, 2006... Iraqi Prime Minister Nuri al-Maliki on Wednesday declared a month-long state of emergency in Basrah city, in an attempt to rescue the southern oil region from a power struggle among Shiite factions (OD May 31, p5). "We hope after this...

Nymex crude falls on shifting US policy towards Iran.(New York Mercantile Exchange)(Brief article)
June 1, 2006... Crude futures fell sharply early Wednesday after the US offered to start talks with Iran if Tehran suspended its nuclear program, but the losses were soon limited amid market talk that Iran had dismissed the offer, prompting traders to resume...

Daily oil & gas price review: prices for Wednesday, May 31, 2006.(Statistical table)
June 1, 2006... Daily Oil & Gas Price Review Prices for Wednesday, May 31, 2006 Crude Oil Nymex Light Sweet ($/barrel) [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago ...

Canada's Western Oil sands targets big prize in Kurdistan.
June 1, 2006... Canada's Western Oil Sands is moving quickly to start work in Iraqi Kurdistan, after unveiling an exploration and production deal with the regional government late Tuesday. In a conference call Wednesday, the firm said it had already...

Myriad climate change policies make problems for US energy firms.(Kyle Danish)
June 1, 2006... The energy industry is facing a growing number of new policies and regulations on the state, local and federal levels dealing with the fallout of global warming and climate change. Many of these new policies will be contradictory, and that...

Repsol seeks settlement with Ecuador, has interest in new fields.(Repsol YPF S.A. (Madrid, Spain), Petroleos del Ecuador)
June 1, 2006... pain's Repsol YPF and Ecuador's state owned oil company Petroecuador signed a deal Tuesday to negotiate a resolution to a series of long-running disputes outside of local or international courts, according to a draft of the deal distributed...

Total slams rise of resource nationalism, defends Russia role.
June 1, 2006... Total's upstream head Christophe de Margerie has criticized the rise of resource nationalism and called for the creation of opportunities for international consortia to develop oil and gas reserves in the former Soviet Union. De Margerie...

Chevron forms biofuels unit.(Corporate News)(Brief article)
June 1, 2006... Chevron said Wednesday it has formed a biofuels business unit to advance technology and pursue commercial opportunities related to the production and distribution of ethanol and biodiesel in the United States. The US major officially...

Kazmunaigas plans IPO.(initial public offering)(Brief article)
June 1, 2006... Kazakh state oil and gas firm Kazmunaigas said on Wednesday it planned to sell a 40% stake in its upstream arm in a London initial public offering and hoped to raise $2 billion. The company has said it may float the unit, RD Kazmunaigas,...

Triangle inks shale deal.(Exploration & Production)(Brief article)
June 1, 2006... Calgary-based Triangle Petroleum has signed a farm-in agreement with an unidentified Canadian company to pursue shale gas opportunities in a 500,000-acre project area in Canada identified by Triangle and its US partner Kerogen Resources. ...

Rosneft halves IPO plans.(Initial public offerings)(Brief article)
June 1, 2006... Russia's state Rosneft has cut expectations for its forthcoming initial public offering (IPO) in half to $10 billion. The downgrade in Rosneft's target coincides with Russian state companies enjoying increasingly attractive borrowing terms from...

Stock market scorecard.(Statistical table)
June 1, 2006... Stock Market Scorecard Integrated Close 1-Day % Chg. Majors 5/31 Chg. % Chg. 10-Day 52-Wk YTD Hess 150.00 +4.90 +0.38% +5.23% +58.28 +18.28 Repsol YPF...

Petrobras April production up.(Petroleo Brasileiro S.A.)(Brief article)
June 1, 2006... Domestic production at Brazil's state-controlled oil company Petrobras increased by about 3% to about 1.79 million b/d in April from 1.75 million b/d in March. Production in April was 5% higher than the 1.70 million b/d that Petrobras produced...

Canada Southern holds firm.(Canada Southern Petroleum Ltd., Petro-Canada Inc.)(Brief article)
June 1, 2006... Canada Southern Petroleum is sticking by its decision to reject a $113 million hostile takeover offer from Petro-Canada. In a press release earlier this week, Petro-Canada expressed disappointment with Canada Southern's decision and said it...

Group forecasts mild summer.(Natural Gas)(Brief article)
June 1, 2006... In its annual summer outlook, the Natural Gas Supply Association (NGSA) sees a measure of relief this cooling season for residential natural gas customers. Though there's the possibility that the hurricane season could bring tremendous...

Knowles threatens Alaska deal.(Tony Knowles)(Brief article)
June 1, 2006... Former Alaska Gov. Tony Knowles said on Tuesday he plans to seek another term in office, pledging to undo a deal for a controversial $20 billion natural gas pipeline contract negotiated by Republican incumbent Gov. Frank Murkowski (OD, May 26,...

Imperial cuts sulfur in diesel.(Imperial Oil Company Inc.)(Brief article)
June 1, 2006... Imperial Oil said Wednesday that it is now producing ultra-low sulfur diesel at its Dartmouth, Sarnia, Nanticoke and Strathcona refineries. The Canadian affiliate of Exxon Mobil said it has invested about C$500 million (US$454 million) and...

Chavez's vision for Opec divides members.(Venezuelan President Hugo Chavez)
June 2, 2006... Venezuelan President Hugo Chavez wants to reposition Opec as an organization that stands up to colonialist and imperialist nations and promotes peace in the world for the benefit of Opec member citizens. In practice, Chavez's vision for Opec...

CenterPoint, Duke plan massive gas line.
June 2, 2006... Nothing indicates growing gas production in a region more than proposals to build new pipelines to transport the badly needed fuel supplies to markets elsewhere. Right now, that would be the Rocky Mountains and Midcontinent areas, where at...

Defying Chavez, business-friendly Garcia leads polls in Peru.
June 2, 2006... Candidate Alan Garcia of the left-leaning American Popular Revolutionary Alliance (APRA) looks likely to win Peru's presidential election on Sunday. Garcia has benefited from a late surge in the polls versus his opponent, nationalist candidate...

Nymex crude falls, but gasoline rallies on bullish EIA data.(Energy Information Administration, New York Mercantile Exchange)
June 2, 2006... US gasoline futures rallied on Thursday after the Energy Information Administration (EIA) released data showing a smaller-than-expected increase in inventories for last week. Crude futures, however, lost nearly $1 on rising crude stocks and...

Daily oil & gas price review: Prices for Thursday, June 1, 2006.(Statistical table)
June 2, 2006... Crude Oil Daily Oil & Gas Price Review Prices for Thursday, June 1, 2006 Crude Oil [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Spot 5-Day Cash/Spot Change Price Avg. ...

XTO adds Barnett Shale assets with purchase of private Peak Energy.(Peak Energy Resources Inc., XTO Energy Inc.)
June 2, 2006... In a deal valued at about $105 million, Houston-based XTO Energy said Thursday it has acquired privately held Peak Energy Resources, adding 37,000 acres in the gas-rich Barnett Shale region of Texas to its portfolio. XTO Chairman and Chief...

EIA weekly statistics: For week ended May 26, 2006.(Statistical table)
June 2, 2006... EIA Weekly Statistics For Week Ended May 26, 2006 US Crude Oil: Stocks (1) (millions of Current Previous bbl) Week Week Chg. PADD 1 16.0 16.0...

Venezuela nears upstream gas deals with Algeria, Iran, Qatar.(Sonatrach)
June 2, 2006... Venezuela is close to signing an agreement with Algeria and is in talks with Iran and Qatar for joint natural gas exploration and production projects in the South American country, according to government officials. The agreement with...

US, Alaska seek additional $92M from Exxon for Valdez spill.
June 2, 2006... The devastating Exxon Valdez oil spill 17 years ago near Prince William Sound, Alaska, is going to cost Exxon Mobil an estimated $92 million more if federal and Alaska officials have their way. Notwithstanding the over $1 billion in fines,...

Oil spill shuts shipping lane.(Flint Hills Resources L.P.)(Brief article)
June 2, 2006... Tanker shipping to three Texas refineries was shut on Thursday as crews cleaned up oil spilled after a containment tank was struck by lightning at a Corpus Christi, Texas, refinery dock. Flint Hills Resources LP declined to discuss the...

Gas in storage rises 80 Bcf.(Brief article)
June 2, 2006... Stocks of working natural gas in US storage facilities rose 80 Bcf for the week ended May 26, leaving storage levels at 2,243 Bcf, according to the Energy Information Administration (EIA). Gas stocks are 477 Bcf higher than last year at...

Total, BP give quake aid.(donations)(Brief article)
June 2, 2006... Major oil and gas investors in Indonesia said they are providing funds to victims of Saturday's earthquake in Yogyakarta, central Java, which killed over 5,000 and left 200,000 homeless. Total said it donated $1 million to the Indonesian...

Shell cuts more Nigeria output.(Royal Dutch-Shell Group of Cos.)(Brief article)
June 2, 2006... Royal Dutch Shell has cut crude oil production by a further 50,000 b/d in Nigeria due to a pipeline leak, a spokesman for the Nigerian arm of Shell said on Thursday. The company is investigating the cause of the leak, which takes Shell's...

Stock market scorecard.(NEWS ALERT)(Statistical table)
June 2, 2006... Stock Market Scorecard Integrated Close 1-Day Majors 6/1 Chg. % Chg. Marathon 76.81 +1.76 +2.35% ConocoPhillips 63.70 +0.41 +0.65 BP ...

Iran pushes South Pars.(Pars Oil and Gas Co., National Iranian Oil Co.)(Brief article)
June 2, 2006... National Iranian Oil Co. (NIOC) is trying to push forward development of its giant South Pars gas field, even as international pressure on Tehran continues to mount over its nuclear program (OD Jun.1, p1). Pars Oil and Gas Co. (POGC), a...

Venezuela to refine Oxy crude.(Occidental Petroleum Corp., Petroleos del Ecuador)(Brief article)
June 2, 2006... After personal intervention by Venezuela's President Hugo Chavez, Ecuador's government has reversed its position and will send crude oil produced at fields seized from US Occidental Petroleum to Venezuela for processing. Ecuador's energy...

Low sulfur diesel rule kicks in.(Brief article)
June 2, 2006... Tough new diesel sulfur content rules for refiners and importers kicked in Thursday, but the ultra clean fuel will not be available in retail outlets until Oct 15. The rule requires refiners and fuel importers to cut the sulfur content of...

KMP sells gas gathering assets.(Mergers & Acquisitions)(Kinder Morgan Energy Partners L.P. sells its Powder River Gathering System and the Painter Unit fractionation facility Momentum Energy Group)
June 2, 2006... Kinder Morgan Energy Partners (KMP) has sold its Powder River Gathering System and the Painter Unit fractionation facility in Wyoming to Momentum Energy Group, LLC for approximately $43 million in cash. The parties also executed a long-term...

Petroplus adds Belgian refinery.(Mergers & Acquisitions)(Petroplus International N.V. acquires Belgian Refining Corporation)(Brief article)
June 2, 2006... Dutch refiner Petroplus announced Thursday that it has completed the purchase of European Petroleum Holdings, which includes the Belgian Refining Corp. (BRC) oil refinery in Antwerp, Belgium. The BRC refinery has a rated crude capacity of...

WSI sees stormy season.(Brief article)
June 2, 2006... Weather forecaster WSI said Thursday it expects the tropical season to be active, with 15 named storms, nine hurricanes, and five intense hurricanes (category three or greater). These numbers are significantly larger than the long-term averages...

Oil sands output could triple.(Brief article)
June 2, 2006... Alberta oil sands production could nearly triple by 2015 to three million b/d, said the National Energy Board (NEB) in a report released Thursday. NEB says that Alberta oil sands production was 1.1 million b/d in 2005, and it revises its...

Nigeria militants raid offshore rig.
June 5, 2006... Tumult surrounded the kidnapping of eight workers from an exploration rig offshore the Niger Delta Friday in what appeared to be a freelance operation by local youths. Around 20 gunmen in four speedboats attacked the Bulford Dolphin rig at...

Boutique fuels bill takes center stage.
June 5, 2006... US refining capacity and boutique fuels will be the focus of intense debate among members of the House of Representatives this week when Congress gets back from a week-long Memorial Day recess. The full House is slated to vote again--likely...

Exxon, Venezuela in row over fate of La Ceiba oil output.
June 5, 2006... Supermajor Exxon Mobil has been unable to process at its US refineries some 550,000 barrels of crude from its Venezuela production due to an ongoing dispute with that country's state owned oil company Petroleos de Venezuela (PDV), according to...

Nymex crude jumps on Nigeria news; spots hold their ground.(New York Mercantile Exchange)
June 5, 2006... Imports into the US Gulf Coast were so high that spot crude differentials would normally have suffered last week. But spreads mostly held their ground--or weakened only slightly--in part due to lingering concerns about supply security this...

Daily oil & gas price review: Prices for Friday, June 2, 2006.(Statistical table)
June 5, 2006... Daily Oil & Gas Price Review Prices for Friday, June 2, 2006 Crude Oil [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Spot 5-Day Cash/Spot Change Price Avg. Month-Ago ...

Lackluster gas market attributed to lacking demand, technicals.(New York Mercantile Exchange)
June 5, 2006... Bidweek trading for June in the natural gas industry proved to be fairly sluggish and quiet as books closed on May as reflected by much lighter-than-usual volumes, while ranges at most points were abnormally tight. Many traders attributed the...

US rig count rises by 8.(Brief article)
June 5, 2006... The number of rigs searching for oil and gas in the US rose by 8 to 1,657 last week, Baker Hughes said Friday. During the same week last year, there were 1,353 rigs at work. The number of rigs searching for oil in the US held steady at 265....

Singapore's Keppel defends position in global rig market.(Keppel Oil and Gas Services Proprietary Ltd.)
June 5, 2006... Singapore's Keppel, the world's largest builder of offshore drilling rigs, has defended its role in the red-hot rig market, in the face of growing competition from South Korean and Chinese yards. Attracted by the current boom in rig...

Indonesia musters more foreign interest.
June 5, 2006... Indonesia on Friday announced the award of four exploration blocks to foreign energy companies, including US oil companies Exxon Mobil and Marathon, Canada's Husky Energy and Malaysian Petronas. The awards are significant, in that Exxon is...

CNOOC raises Nigeria loan.(China National Offshore Oil Corp., Export and Import Bank of China)(Brief article)
June 5, 2006... China's top offshore oil and gas producer, China National Offshore Oil Corp. (CNOOC), said on Friday it had signed for a 12.8 billion yuan (US$1.6 billion) loan with a mainland bank to help finance a project in Nigeria. The Export and...

Statoil gets Venezuela tax bill.(Brief article)
June 5, 2006... Venezuelan tax authorities on Thursday demanded Norway's Statoil pay $1.6 million in back taxes as part of an investigation into tax irregularities in the petroleum sector. The Seniat, Venezuela's state tax agency, said that the demand...

Canadian gas storage.(Statistical table)(Brief article)
June 5, 2006... Canadian Gas Storage Enerdata reported that the amount of natural gas in Canadian storage facilities rose 15.6 Bcf to 274.5 Bcf for the week ending May 26. Storage cavens were 56.4% full, up from 53.2% the previous week and up from...

Repsol buys Peru retail sites.(Mobil Oil del Peru, Repsol YPF S.A. (Madrid, Spain))(Brief article)
June 5, 2006... Repsol YPF of Spain has purchased gas service stations in Peru owned by Exxon Mobil's local subsidiary, Mobil Oil de Peru for about $35 million. The acquisition will bring the total number of Repsol service stations in Peru to 220 from a...

Colombia oks exploration deals.(National Hydrocarbon Agency, Gran Tierra Energy)(Brief article)
June 5, 2006... Colombia's National Hydrocarbon Agency (ANH) has signed a new oil and gas exploration and production contract with a unit of Gran Tierra Energy of Canada and four other preliminary contracts. The five contracts total $2.6 million in...

Stock market scorecard.(Petroleum industry)(Statistical table)
June 5, 2006... Stock Market Scorecard Integrated Close 1-Day Majors 6/2 Chg. % Chg. Norsk Hydro 28.84 +0.69 +2.45% Marathon 78.39 +1.58 +2.06 BG 68.24 ...

Chinese firm mulls Ecuador outlay.(Great United Petroleum Holding)(Brief article)
June 5, 2006... China's largest private oil company, Great United Petroleum Holding, says its plans to send a delegation to Ecuador in the coming weeks to conduct an investment survey. But the company said after a meeting with Ecuador's foreign minister in...

Fox names Pemex executives.(Petroleos Mexicanos's Carlos Morales)(Brief article)
June 5, 2006... Mexican President Vicente Fox has appointed Carlos Morales as director-general of Pemex's exploration and production unit. For the past 18 months Morales, a 21-year Pemex veteran, headed E&P activities for Mexico's state owned monopoly on an...

Lawmakers debate Alaska tax.(Brief article)
June 5, 2006... Establishing the fiscal regime for the planned Alaska natural gas pipeline has become as complicated a task as building the 4.5 Bcf/d project is expected to be. Last week the Alaska House of Representatives' Finance Committee took up the 12th...

NGL joint venture finalized.(natural gas liquids pipeline)(Brief article)
June 5, 2006... Oneok said Friday it had completed the transactions needed to form a natural gas liquids pipeline (NGL) joint venture with Williams that was announced in early May. Overland Pass Pipeline LLC plans to develop a $450 million (NGL) pipeline...

Hibernia reserves higher.(Exxon Mobil Corp.)(Brief article)
June 5, 2006... The Hibernia oil field off Canada's east coast is 44% larger than previously thought, the regulator that oversees the area said on Thursday. The Hibernia field, owned by a consortium led by Exxon Mobil, is estimated to have had 1.244...

More problems for Alaskan oil.(BP Oil Co.)(Brief article)
June 5, 2006... BP continued to suffer corrosion problems at its Alaskan North Slope (ANS) operations in May, the latest in piping at the Lisburne Production Center, which trimmed about 15,000 b/d from the area's production last month compared to April (OD...

Statoil chairman to stay.(Jannik Lindbaek)(Brief article)
June 5, 2006... Norway's Statoil said on Friday that its Chairman, Jannik Lindbaek, will serve another term after his proposed successor was forced to withdraw. Lindbaek, aged 67 and chairman since 2003, had wanted to step down in favor of metal-to-foods...

Iran threatens supply, may have agenda.
June 6, 2006... Just days after Washington's historic offer to hold direct talks with Iran on its nuclear program, Iran's supreme leader, Ayatollah Ali Khamenei, has threatened to disrupt energy supplies from the Mideast Gulf if its nuclear facilities are...

Chesapeake deal keeps Barnett Shale hot.
June 6, 2006... Chesapeake Energy on Monday announced two separate acquisitions worth a total of $932 million that add reserves and acreage in the Barnett Shale, the redhot Texas natural gas play that has become a breeding ground for several major deals over...

Gas up, oil down in Peru.(Brief article)
June 6, 2006... Peru produced an average of 115,789 b/d of oil and other hydrocarbon liquids in May, 0.7% lower than in the same month a year earlier, according to state energy regulator Perupetro. From the Camisea gas field's Block 88, lead operator...

Rally fizzles but Nymex crude still up on Iran threats.(New York Mercantile Exchange)(Brief article)
June 6, 2006... Crude futures on the New York Mercantile Exchange (Nymex) soared to a shade under $74 per barrel after Iran's supreme leader, Ayatollah Ali Khameni, said that his country would block a key sea passage if the US were to attack Iran (see p1). The...

Daily oil & gas price review: Prices for Monday, June 5, 2006.(Statistical table)
June 6, 2006... Crude Oil Daily Oil & Gas Price Review Prices for Monday, June 5, 2006 Crude Oil [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) ...

Nigeria hostage crisis resolve after pledge of community aid.
June 6, 2006... Eight workers kidnapped Friday from an exploration rig offshore Nigeria were released over the weekend. After their release Sunday, the workers were flown home via Lagos. Six were British, one Canadian and one was from the US. The...

Cooling degree days: for the week of June 3, 2006.(Petroleum industry)(Statistical table)
June 6, 2006... Cooling Degree Days For the week of June 3, 2006 -- Week Dev -- -- Cum Dev -- From From From Week From...

Energy firms heartened by Garcia Victory in Peru' presidential election.
June 6, 2006... Peruvian voters returned former President Alan Garcia to the presidency on Sunday, 16 years after he left the post. His victory was in part fueled by apprehension that a victory by his opponent, ex-army officer and nationalist candidate Ollanta...

Oil shares slide in may after steep mid-month crude sell-off.
June 6, 2006... The steep mid-May fall in world oil prices pushed oil equities lower last month. Although crude prices recovered in the second half of May, the mid-month slide in share values was too sharp to claw back to even territory. In May, oil...

Canadian superior jumps into fray for Canada Southern.(Canada Southern Petroleum Ltd., Canadian Superior Energy Inc.)
June 6, 2006... Calgary-based Canadian Superior Energy announced its intention to acquire Canada Southern Petroleum with a C$134.6 million (US$121.9 million) cash and share offer that would top a hostile bid made by Petro-Canada. "I believe the Canadian...

Yukos outlines survival plan, opens way to Rosneft stake.(OAO NK Yukos, Yuganskneftegas)
June 6, 2006... Trying to stave off bankruptcy, beleaguered Russian oil company Yukos has outlined a financial restructuring plan that would pay back the company's debts while allowing it to maintain control over its core assets. Through the plan, Yukos...

UK gas fields start up.(Hess)(Brief article)
June 6, 2006... The UK's BG and New York-based Hess announced Monday the start of first gas from their Atlantic and Cromarty fields in the Outer Moray Firth of the UK North Sea. At its peak, the development is slated to produce around 220 MMcf/d. The gas...

Russian Energy Minister Khristenko plays down nationalism.(OAO Gazprom)
June 6, 2006... Russian Industry and Energy Minister Viktor Khristenko on Monday refuted claims that Moscow is pursuing a policy of energy nationalism. In his opening address at the 23rd World Gas Conference in Amsterdam, Khristenko said Russia plans soon...

KMI buyout opposed.(Corporate News)(Kinder Morgan Inc.)(Brief article)
June 6, 2006... Oil and gas pipeline operator Kinder Morgan, Inc. is facing another shareholder lawsuit that seeks to block a management-led buyout, claiming the deal undervalues the company. Law firm Lerach Coughlin Stoia Geller Rudman & Robbins LLP on...

Problems hit Thunder Horse.(BP Oil Co.)(Brief article)
June 6, 2006... BP's Thunder Horse platform and field, which is located in Mississippi Canyon Block 778 in the Gulf of Mexico, approximately 150 miles southeast of New Orleans, has hit yet another snag in bringing the facility online (OD Jul.18,p6). ...

Apache cuts output forecast.(Exploration & Production)(Brief article)
June 6, 2006... Oil and gas producer Apache on Monday cut its 2006 production growth outlook to 10-15% from 12-17% because of difficulties securing Gulf of Mexico properties under a planned asset purchase. The Houston-based company said it had so far...

Lukoil mulls refinery deals.(OAO Lukoil)(Brief article)
June 6, 2006... Russia's top oil producer Lukoil may build a fifth refinery in Russia as it believes that exports of refined products will long remain more profitable than crude exports, an executive said on Monday. Lukoil's Vice President Leonid Fedun...

Stock market scorecard.(NEWS ALERT)(Statistical table)
June 6, 2006... Stock Market Scorecard Close 1-Day % Chg. 6/5 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors Eni 60.28 -0.50 -0.82% +1.69% ...

China poised for big buys.(International)(different Chinese companies plan to buy Udmurtneft and Nations Energy)(Brief article)
June 6, 2006... An alliance of Russian state-owned Rosneft and China's Sinopec looks set to buy Udmurtneft from UK-Russian venture TNKBP, according to sources quoted by the local press and international newswires. Udmurtneft "has been sold. According to my...

Refinery site still unknown.(Latin America)(Brief article)
June 6, 2006... At a weekend meeting in the Dominican Republic, presidents and foreign ministers from 10 Latin American nations decided to postpone a decision on where to construct a proposed $6.5 billion oil refinery that, once operational, would provide...

Firms advance CTL project.(US Syntroleum and Swiss Sustec Industries)(Brief article)
June 6, 2006... US Syntroleum and Swiss Sustec Industries announced Monday plans to develop their first joint venture project, a 3,000 b/d coal-to-liquids (CTL) plant in Germany that could eventually produce up to 20,000 b/d of ultra clean diesel and specialty...

California mulls long beach LNG.(Sound Energy Solutions L.L.C., liquified natural gases)(Brief article)
June 6, 2006... Sound Energy Solutions (SES)--a joint venture between ConocoPhillips and Mitsubishi--is still pursuing development of an LNG terminal at the Port of Long Beach in California, though the local board of harbor commissioners may not extend the...