The Oil Daily articles from June 2007

The Oil Daily archives from June 2007

Bush calls for global climate change targets.
June 1, 2007... President George W. Bush on Thursday called on the world's biggest economies to agree to set a global target for reducing greenhouse gas emissions before he leaves office in January 2009. "My proposal is this, by the end of next year...

Appeals court rules in favor of western-giant.(Western Refining Company L.P. and Giant Industries Inc.)
June 1, 2007... Western Refining moved quickly on Thursday to complete its acquisition of Giant Industries after the US Federal Trade Commission (FTC), concerned about antitrust issues stemming from the deal, failed to win an injunction from an appeals court...

Governance, not green issues, top Exxon investors' concerns.
June 1, 2007... Supporters of environmental issues may have had the loudest voices at Exxon Mobil's annual shareholder meeting earlier this week, but the supermajor's rank-and-file shareholders are more concerned about corporate governance matters, especially...

Gasoline falls on flood of imports, economic concerns.
June 1, 2007... Gasoline futures fell for the third straight day on Thursday on the back of another build in inventories, while crude was able to gain ground because of a decline in stocks. The US Energy Information Administration (EIA) weekly petroleum report...

Daily oil gas price review: prices for Thursday, May 31, 2007.(Statistical table)
June 1, 2007... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +0.04 60.35 59.94 55.96 LLS (St. James) +0.09 70.10 70.29 68.16 ANS...

EIA weekly statistics: for week ended May 25, 2007.(Energy Information Administration)(Statistical table)
June 1, 2007... US Crude Oil: Stocks (1) (millions of bbl) Current Previous Week Week Chg. PADD 1 15.1 15.8 -4.4% PADD 2 75.3 74.7 0.8% Cushing, OK 26.7 27.4...

Acting MMS chief named.(Minerals Management Service)(Walter Cruickshank appointed)
June 1, 2007... Walter Cruickshank has been named acting director of the US Interior Department's Minerals Management Service (MMS), Interior Secretary Dirk Kempthorne said Thursday. Cruickshank has been deputy director of MMS since 2002 and previously...

Whiting starts carbon dioxide flood at Permian Basin field.(Whiting Petroleum Corp.)
June 1, 2007... Whiting Petroleum said it recently launched a carbon dioxide (CO2) flood to increase oil output at the North Ward Estes field in the Permian Basin region of West Texas, which has been producing for almost 80 years. Denver-based Whiting...

Glut of new tankers to hit freight rates.
June 1, 2007... A glut of new oil tankers due to enter the market from now to 2010 will exert downward pressure on freight rates, but there is no consensus as to when the oversupply of new ships will start to affect rates. Some argue that freight rates are...

The new Energy Compass.(Brief article)
June 1, 2007... Energy Compass has launched its biggest revamp since its creation 18 years ago. The redesigned Energy Compass will focus on the new dynamics of the international oil and gas industry: * Producer politics: the rise of national oil companies,...

Transocean readies drillship.(Corporate News)(Daewoo Shipbuilding and Marine Engineering Company Ltd. builts a deepwater drilling ship)(Brief article)
June 1, 2007... Houston-based Transocean has named its next-generation drillship the Discoverer Americas. The Enterprise-class deepwater drilling ship is being built by Daewoo Shipping and Marine Engineering in Okpo, South Korea. Scheduled to be completed...

EIA gas storage report.(Energy Information Administration)(Brief article)(Statistical data)
June 1, 2007... Gas in Storage Up 107 Bcf Stocks of working natural gas in US storage facilities increased 107 Bcf for the week ending May 25, leaving storage levels at 2,053 Bcf, according to the Energy Information Administration (EIA). Gas stocks...

Alaska ouptut up in may.(Exploration & Production)(crude oil production output)(Brief article)
June 1, 2007... Alaskan crude oil production grew contra-seasonally by more than 29,000 b/d in May to 797,700 b/d, according to data from the state's Department of Revenue Tax Division (OD May2,p7). However, that still left output 5%, or more 40,000 b/d, below...

No sign of Nigeria hostages.(International)(Brief article)
June 1, 2007... Nigerian rebels from the oil-producing Niger Delta who had promised to release six foreign hostages on May 30 have yet to do so and have not given any explanation for the delay. Fighters from the Movement for the Emancipation of the Niger...

Pioneer logs Tunisia discovery.(International)(Pioneer Natural Resources Co.)(Brief article)
June 1, 2007... Dallas-based independent Pioneer Natural Resources said it made a fourth discovery at its 50%-owned Jenein Nord Block in Tunisia where a test well flowed at a production rate of 8,000 boe/d. The four wells in the block have now been tested...

Total eyes Dalia increase.(International)(raise oilfield offshore production)(Brief article)(Statistical data)
June 1, 2007... Total is studying ways to raise production at its 240,000 b/d Dalia oilfield offshore Angola, which could deliver a 10% boost, an executive said on Thursday. "We are drilling more wells to increase the life expectancy of the field and we...

Ecuador adjusts oil pricing.(Latin America)
June 1, 2007... Ecuador's state-owned oil company Petroecuador will adopt a new pricing mechanism for spot oil sales and will cut contract periods in half starting in July, according to a company official. Oil export contracts will be for six months...

NiSource expands Ohio storage.(Natural Gas)(NiSource Gas Transmission & Storage)(Brief article)
June 1, 2007... With natural gas demand on the rise, and the need for more storage booming, NiSource Gas Transmission & Storage (NGT & S) announced plans to expand its Columbia Gas Transmission's (CGT) Crawford storage field in Ohio by 15 Bcf of working gas...

Active hurricane season forecast.(Oil & Gas Markets)(Brief article)
June 1, 2007... On the eve of the 2007 Atlantic hurricane season, forecasters at Colorado State University stayed with their original forecast calling for a season that will be "much more active than the average 1950-2000 season." The CSU team, led by Dr....

Interior issues SPR contracts.(Oil & Gas Markets)
June 1, 2007... The US Interior Department awarded contracts to five companies for the supply of 9.2 million bbl of royalty oil produced from the Gulf Coast to fill the Strategic Petroleum Reserve (SPR). Chevron, Plains Marketing, Exxon Mobil, Royal Dutch...

US oil demand revised lower.(Oil & Gas Markets)(Brief article)
June 1, 2007... US oil demand in March was again lower than previously reported, this time by a massive 460,000 b/d, following a similar downward adjustment in February, data from the US Energy Information Administration (EIA) shows. March oil demand came...

Alberta Clipper costs soar.(Pipelines)(Enbridge Inc. builds a Petroleum pipeline construction)(Brief article)
June 1, 2007... Enbridge said on Thursday the cost of its planned Alberta Clipper pipeline, which will carry oil sands crude to US refiners, has climbed nearly 30% to about C$3.1 billion (US$2.9 billion), a rise mostly due to an overheated labor market. ...

Valero to expand Delaware City.(Refining)
June 1, 2007... Valero Energy said on Thursday it hopes to expand its oil refinery in Delaware City, Delaware, by 20,000 b/d to meet growing regional fuel demand. The proposal would include the expansion of a crude distillation unit and a coker unit at...

Stock market scorecard.(petroleum industry securities market)(Statistical table)
June 1, 2007... Integrated Close 1-Day % Chg. Majors 5/31 Chg. % Chg. 10-Day 52-Wk YTD Norsk Hydro 35.66 +0.63 +1.80% +1.86% +26.19% +16.27% Repsol YPF 36.69 +0.56 +1.55 ...

Could market absorb loss of Arctic gas?(Exxon Mobil, Rex W. Tillerson)
June 4, 2007... Exxon Mobil Chief Executive Rex W. Tillerson fired off the equivalent of a multi-target howitzer barrage last week with his matter-of-fact statement that neither the Mackenzie Gas Project in Canada nor the Alaska natural gas line to deliver...

Democrats put oil industry on defensive.
June 4, 2007... Energy trade groups are keeping a nervous eye on Democrats returning to Capitol Hill after a week of listening to constituent complaints about high gasoline prices. Democrats in the House of Representatives have made energy legislation a...

Crude, gasoline futures close higher on short covering.
June 4, 2007... Bulls took to the floor and screens on Friday and lifted crude prices by about $1 per barrel and gasoline by some 4 cents per gallon though traders said the rise was mostly driven by rumors and short covering ahead of the weekend. There...

Daily oil & gas price review: prices for Friday, June 1, 2007.(Statistical table)
June 4, 2007... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +0.18 60.53 60.19 55.69 LLS (St. James) +0.18 70.28 70.27 67.89 ANS...

Gulf Coast crudes weaken as traders use supertankers for extra storage.
June 4, 2007... US spot prices weakened last week on news that traders were planning to use floating storage for possibly as much as 20 million barrels of crude. But differentials versus sickened benchmark West Texas Intermediate (WTI) still held relatively...

Baker Hughes drilling report.(Statistical table)(Brief article)
June 4, 2007... US Rig Count Rises by 14 The number of drilling rigs searching for oil and gas in the US rose by 14 to 1,774 last week, Baker Hughes said Friday. During the same week last year, there were 1,657 rigs at work. The number of rigs...

Quiet start for Nymex-backed Oman sour crude futures contract.(New York Mercantile Exchange)
June 4, 2007... The Mideast's first crude futures contract started trading Friday on the Dubai Mercantile Exchange (DME), although Asian players seemed cautious with their initial bids, contributing to a relatively quiet first day's trading. The Oman...

Human rights group seeks stiffer sanctions on Sudan's oil sector.(Human Rights Watch )
June 4, 2007... Human Rights Watch is calling for the United Nations (UN) to take charge of Sudan's oil revenues and impose targeted sanctions against the country's top leaders. The appeal from the US-based pressure group follows a demand Tuesday by US...

House Speaker Pelosi critical of Bush's climate change plan.
June 4, 2007... House Speaker Nancy Pelosi (D-Calif.) on Friday dismissed President George Bush's plan to address climate change as weak and disappointing. Pelosi said the president, who ahead of next week's Group of Eight summit called on the world's top...

Tropical season, building heat supporting gas market.
June 4, 2007... Despite natural gas being rapidly packed into storage at a near-record pace, it's likely that the onset of the 2007 hurricane season--with an aptly timed tropical storm forming on day one--and emergence of summer heat will keep July gas prices...

Three workers seized in Delta.(International)(Indorama workers abducted)(Brief article)
June 4, 2007... Nigerian militants seized at least three employees of Indonesian chemical company Indorama in the Niger Delta on Friday, adding to the approximately 20 oil and construction workers already being held in the troubled oil producing region,...

Kovykta decision delayed.(International)(TNK-BP joint venture)(Brief article)
June 4, 2007... Russia's subsoil agency, Rosnedra, has delayed for two weeks a decision on whether or not to revoke the Russian-UK joint venture TNK-BP's licenses for the massive East Siberian Kovykta gas field, according to Russian newswire service Interfax...

Newfield starts Abu output.(Newfield Exploration Co.)(Brief article)
June 4, 2007... US-based independent oil and gas company Newfield Exploration said on Friday it has started production at its delayed Abu field project in Malaysia. Newfield plans to ramp up production from the project, which has been delayed by about six...

Petrobras plans Ecuador outlay.(Latin America)(Petroleo Brasileiro S.A.)(Brief article)
June 4, 2007... Brazil's state-controlled oil company Petrobras plans to invest $500 million in Ecuador through 2009, though the figure could rise if new projects are approved, the firm's chief executive, Jose Sergio Gabrielli, said Thursday. "I have come...

FMC wins Cantarell contract.(Latin America)
June 4, 2007... FMC Technologies has signed a contract with Mexico's state oil company Pemex to provide subsea completion services for the giant Cantarell complex of oil fields, located off the Yucatan Peninsula in the Bay of Campeche. The contract will...

Petroplus closes Coryton deal.(Refining)(Petroplus Holdings)(Brief article)
June 4, 2007... Independent refiner Petroplus Holdings announced Friday that it has completed its purchase of the Coryton refinery located on the Thames Estuary in the UK. The Coryton refinery has a crude throughput capacity of 172,000 b/d and can run up to an...

Flowserve wins contract.(Refining)
June 4, 2007... Flowserve Corp., which makes fluid motion and control products, said it obtained a contract from Marathon Oil for a refinery expansion in Garyville, Louisiana that should be worth more than $49 million. Under the contract, Flowserve will...

Chevron starts El Segundo work.(Refining)(Brief article)
June 4, 2007... Chevron on Friday shut a 200,000 b/d crude distillation unit at its 260,000 b/d El Segundo, California, oil refinery near Los Angeles for planned work, the company said. A Chevron spokesman said the overhaul would take "a number of weeks."...

BP declares force majeure.(British Petroleum Company PLC)(Brief article)
June 4, 2007... Extended unit downtime at BP's Whiting, Ind., oil refinery prompted the company to declare force majeure on Canadian crude supply to the plant, spokeswoman Valerie Corr said Friday. The move is official notice to suppliers that the company...

Canadian gas storage.(Brief article)
June 4, 2007... Canadian Enerdata said Thursday it expanded its data sample last week to include derived data from the Alberta natural gas storage system in order to get a more accurate picture of western Canadian inventories. "We're trying to make up for...

Stock market scorecard.(Statistical table)
June 4, 2007... Integrated Close 1-Day % Chg. Majors 6/1 Chg. % Chg. 10-Day 52-Wk YTD Statoil 28.18 +0.88 +3.22% +3.49% -3.06% +7.07% Petro-Canada 51.91 +1.26 +2.49 ...

Massive storm disrupts Mideast exports.
June 5, 2007... The Arabian Sea is being hit by a tropical storm of unprecedented strength that is already blocking all shipping traffic through the Strait of Hormuz, which sees some 13 million barrels of Mideast oil pass every day. Tropical storm Gonu...

Nigeria's Mend offers truce, unions don't.
June 5, 2007... Nigeria's rebel Movement for the Emancipation of the Niger Delta (Mend), which has brought chaos to the southern oil producing Niger Delta region of Nigeria, will suspend hostilities for one month to allow new President Umaru Yar'Adua to create...

Dominion unloads $6.5B in US gas properties to XTO, Loews.(Dominion Resources Inc.)(Brief article)
June 5, 2007... Dominion has sold a huge chunk of its US onshore gas assets to Loews Corp. and XTO Energy for a combined $6.5 billion. Loews is grabbing Dominion's operations in the Permian Basin, Michigan and Alabama for $4 billion. The properties hold...

Brent crude soars past $70 as cyclone eyes Mideast Gulf.(Brief article)(Statistical data)
June 5, 2007... A cyclone heading for the Mideast Gulf with the potential to disrupt shipping and crude production lifted Brent futures on Monday, pushing prices above $70 per barrel. The strength in Brent, in turn, pulled up US light, sweet crude futures. The...

Daily oil & gas price review: prices for Monday, May 4, 2007.(Statistical table)
June 5, 2007... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +1.17 61.70 60.63 55.30 LLS (St. James) +1.17 71.45 70.36 67.05 ANS...

Anadarko sells gas gathering systems for $1.85 billion to Atlas Pipeline.(Anadarko Petroleum Corp.)
June 5, 2007... Anadarko Petroleum has agreed to sell its controlling interests in two natural gas gathering systems and associated processing plants to Atlas Pipeline Partners for $1.85 billion. The deal brings total after-tax proceeds from Anadarko's...

Cooling degree days: for the week of June 2, 2007.(Statistical table)
June 5, 2007... Week Dev Cum Dev From From From Week From Year Cum From Norm Year State/City (PADD) Total Norm Ago Total...

Putin speaks out on Kovykta license, killing TNK-BP's hopes.(Vladimir Putin)
June 5, 2007... Russian President Vladimir Putin appears to have killed any last hope that Russian-UK joint venture TNK-BP will be able to keep its licenses for the massive East Siberian Kovykta gas field. "It's quite understandable that the Natural...

Global upstream spending now seen rising 13% this year.
June 5, 2007... Global upstream expenditures are now expected to increase 13% this year over 2006 levels, up from a projection of 9% growth made at the end of last year, according to the latest spending survey by Lehman Brothers. Worldwide spending is forecast...

IOCs face key challenges, must engage NOCs, says new report.(international oil companies, national oil companies)
June 5, 2007... International oil companies (IOCs), which are currently enjoying record oil profits, face long-term challenges including resource nationalism, reserve replacement difficulties and rising cost structures in exploration and production, according...

Noble launches bribery probe.(Corporate News)(Brief article)
June 5, 2007... Offshore driller Noble Corp. said on Monday it is investigating whether its Nigerian affiliate made illegal payments to customs agents while trying to get permits to bring drilling equipment into Nigerian waters. The company said its...

The new Energy Compass.(Brief article)
June 5, 2007... Energy Compass has launched its biggest revamp since its creation 18 years ago. The redesigned Energy Compass will focus on the new dynamics of the international oil and gas industry: * Producer politics: the rise of national oil companies,...

Quest plans MLP offering.(Corporate News)(Quest Resource Corp.)(master limited partnership )(Brief article)
June 5, 2007... Natural gas producer Quest Resources said it plans an initial public offering of a new master limited partnership for its exploration and production operations. The partnership will own all of the company's gas and oil properties in the...

PetroVietnam gets Cuba leases.(Exploration & Production)(Vietnam Oil and Gas Corp.)(Brief article)
June 5, 2007... PetroVietnam has joined a growing list of foreign energy companies that have signed contracts to take part in drilling operations off the coast of Cuba in the Gulf of Mexico in an area that could contain major oil and gas reserves. Cuban...

Nigeria Bomu output normal.(International)(Brief article)
June 5, 2007... Royal Dutch Shell said Monday it had resumed normal production at its 150,000 b/d Bomu pipeline hub in the Ogoni region of Nigeria after the facility was shut by protesters May 29 (OD May31,p6). Separately, Italy's Eni said Monday it had...

Addax tests Taq Taq field.(International)(Addax Petroleum)(Brief article)
June 5, 2007... Swiss-based independent Addax Petroleum announced Monday its third appraisal well on the Taq Taq field in northern Iraq flowed at a rate of 18,900 b/d during recent tests. The TT-06 well was spudded in early January by Taq Taq Operating--a...

Investors urge post-Kyoto policy.(International)(Brief article)
June 5, 2007... Institutional investors have written to leaders of the Group of Eight (G8) industrialized countries stressing the importance of laying the foundations for a new policy framework on global warming after 2012, when the Kyoto climate change...

Shell eyes Bolivia exploration.(Latin America)(Royal Dutch-Shell PLC)(Brief article)
June 5, 2007... Royal Dutch Shell may start to explore for oil and gas in Bolivia, the country's hydrocarbons ministry said in a release. "The main executive of Shell talked to (Bolivian) President Evo Morales and proposed participation in the phase of...

Chile advances LNG terminal.(Latin America)(Brief article)
June 5, 2007... BG Group Monday announced that it has signed an agreement to supply Chile's first liquefied natural gas (LNG) import terminal. The 2.5 million tons per year terminal in Quintero Bay--68 miles northwest of Santiago--will have the capacity to...

Petrobras, ONGC in swap deal.(Latin America)(Oil and Natural Gas Corp. contracts)(Brief article)
June 5, 2007... Brazil's state-owned Petrobras and India's state Oil and Natural Gas Corp. (ONGC) have agreed to an equity swap deal under which the Brazilian group will take minority stakes in three offshore ONGC blocks and ONGC will take stakes of 25% in...

J. Ray buys Secunda assets.(Mergers & Acquisitions)(J. Ray McDermott and Company Inc.)(Brief article)
June 5, 2007... Engineering and construction company McDermott International announced Monday that an affiliate of its subsidiary, J. Ray McDermott, has signed a definitive agreement to purchase a package of assets from Secunda International for approximately...

Energy Partners sells assets.(Mergers & Acquisitions)(Brief article)
June 5, 2007... New Orleans-based Energy Partners has sold all of its onshore properties in South Louisiana to a private buyer in a deal valued at $71.7 million. Money from the sale will be used to reduce the company's debt. Energy Partners Chairman and...

Enterprise Products chief resigns.(Personnel)
June 5, 2007... Robert G. Phillips has resigned as director, president and chief executive of Enterprise Products GP, the general partner of midstream natural gas and natural gas liquids giant Enterprise Products Partners, effective Jun. 30, the company said...

Stock market scorecard.(Statistical table)
June 5, 2007... Integrated Close 1-Day % Chg. Majors 6/4 Chg. % Chg. 10-Day 52-Wk YTD Shell-B 78.25 +1.40 +1.82% +3.37% +13.06% +9.98% Shell-A 76.52 +1.12 +1.49 +3.02...

Cyclone Gonu shuts Omani ports, facilities.
June 6, 2007... Oman on Tuesday closed its oil and gas export ports at Mina al-Fahal and Sohar as Tropical Cyclone Gonu edged closer to the Omani shore, but the impact on oil and gas supply to international markets is expected to be limited, Omani officials...

Enbridge, Exxon consider Gulf Coast pipeline.(Exxon Mobil Corp.)
June 6, 2007... Enbridge and Exxon Mobil are jointly exploring construction of a crude oil pipeline that would give Gulf Coast refiners a taste of more Canadian crude. The Canadian pipeline company and Texas-based oil giant announced Tuesday that they are...

Executive survey says oil prices likely to stay in $60-$80 range.
June 6, 2007... Continuing demand growth from developing nations as well as political uncertainty in the Mideast and other global hot spots should keep oil prices in the $60 to $80 per barrel range for at least the next five years. That was one of the...

Brent crude stable above $70 on Mideast Gulf storm worries.(Brief article)
June 6, 2007... Despite a halt to loadings in Oman due to the Cyclone Gonu, Brent rose slightly while US light, sweet crude settled down on Tuesday. Prices cooled off after the market ran up sharply on Monday and traders realized the overall damage to oil...

Daily oil & gas price review: prices for Tuesday, June 5, 2007.(Statistical table)
June 6, 2007... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -0.09 61.61 60.90 55.12 LLS (St. James) +0.26 71.71 70.71 66.87 ANS...

House bill aims to block state action on reducing auto emissions.
June 6, 2007... About a dozen states would be blocked from imposing greenhouse gas emission limits on automakers under a draft energy bill being circulated in a key House energy panel. The "discussion draft" would prohibit the Environmental Protection...

UK official says US must show leadership on climate change.
June 6, 2007... UK Environment Secretary David Miliband called on the US to take a leading role in establishing global limits for greenhouse gas emissions. Miliband made his comments Tuesday on Capitol Hill as President Bush was in Germany on the eve of a...

May data show plenty of crude to meet global demand growth.(Statistical data)
June 6, 2007... Global crude markets remain well-supplied in May as total crude oil and liquids output was 1.76 million barrels per day ahead of global products consumption, following a surplus of 1.71 million b/d in April, preliminary data from Oil Daily...

Rentech gets plant financing.(Corporate News)
June 6, 2007... The Mississippi Business Finance Corp. has approved a resolution for up to $2.75 billion in revenue bonds to finance a petroleum coke-to-liquids plant Fischer-Tropsch (FT) technology developer Rentech plans to build in Natchez, Mississippi. ...

TNK-BP profits jump 40%.(Earnings)(Financial report)(Brief article)
June 6, 2007... TNK-BP said Tuesday that its net profits rose 40% to almost $6.63 billion in 2006, despite a higher tax burden. The Russia-UK joint venture's 2006 sales rose 18% to $35.51 billion as a result of higher international oil prices, although net...

Petrolifera logs Argentina find.(Exploration & Production)(Petrolifera Petroleum)(Brief article)
June 6, 2007... Calgary-based Petrolifera Petroleum announced Tuesday that it has drilled a new field confirmation well on its onshore Rinconada Block which comprises a portion of its Puesto Morales/Rinconada concession in the Neuquen Basin, Argentina. ...

Carrizo reports North Sea find.(Exploration & Production)(Carrizo Oil and Gas Inc.)(Brief article)
June 6, 2007... Houston-based Carrizo Oil & Gas said it had made two discoveries in the Paleocene and Jurassic reservoirs of its Huntington Prospect in the UK North Sea. Carrizo said 98 gross feet of oil bearing sand was logged at the Paleocene Forties,...

Marathon inks Ukraine pact.(International)(Marathon Oil Co.)(Naftogaz Ukrainy)(Brief article)
June 6, 2007... US integrated oil and gas company Marathon Oil has signed a deal to carry out technical studies in the Dnieper-Donets basin of North Central Ukraine. The studies, to be conducted over the next three years with Ukrainian state oil and gas...

Cepu start moved forward.(International)(Brief article)
June 6, 2007... Indonesia's Cepu field will come on stream by late 2008 at a rate of 10,000 b/d, according to the country's upstream regulator BP Migas. This is considerably earlier than the end-2009 or early 2010 dates previously suggested by operator Exxon...

UK labor union slams Exxon.(International)(Exxon Mobil Corp.)(Brief article)
June 6, 2007... Unite, the UK's biggest labor union, has criticized Exxon Mobil's decision to suspend a drilling campaign in the UK North Sea, saying the move will jeopardize around 70 of its members' jobs and calling on the UK government to launch an...