The Oil Daily articles from October 2003

The Oil Daily archives from October 2003

Fight to Use Iraqi Oil Revenues Not Over Yet.
October 1, 2003... WASHINGTON -- A Senate panel on Tuesday voted against a proposal to mortgage Iraq's future oil revenues to pay for reconstruction of the war-ravaged nation, but the rejection belies the strong support the proposal has among US lawmakers: the...

LNG No Quick Panacea for Gas Supply Shortages.(liquefied natural gas)
October 1, 2003... WASHINGTON -- The US government must remove bureaucratic barriers to developing domestic natural gas supplies on federal lands as liquefied natural gas (LNG) imports can't come online soon enough to prevent gas-dependent industries from leaving...

Investors Still Holding Breath for Anadarko Sale.
October 1, 2003... WASHINGTON -- Are investors starting to lose confidence in Anadarko's ability to sell itself? That depends on whom you talk to on Wall Street. While some players remain convinced that a deal -- or series of deals -- will ultimately be...

Oil Futures Extend Post-Opec Gains Though US Inventory Data Could Put End to Rally.(price trends)(Brief Article)
October 1, 2003... NEW YORK -- Crude futures extended post-Opec meeting gains on Tuesday, rising above $29 per barrel for the first time in two weeks, though the rally could meet its end today should weekly data confirm a rising trend in US oil inventories. ...

BP Denies Ending Talks With PDV on Deltana Platform.(Petroleos de Venezuela)
October 1, 2003... CARACAS -- Officials from BP Trinidad & Tobago on Tuesday denied local press reports that the company had cut off discussions with Venezuela for development of cross-border Block 1 of Venezuela's Deltana Platform gas development. The...

Magnum Hunter Hikes Capital Spending in Gulf of Mexico.(Magnum Hunter Resources )
October 1, 2003... HOUSTON -- Magnum Hunter Resources has raised its capital spending budget for 2003 by over 40% to $165 million to take advantage of high oil and gas prices and low service costs. Almost all of the increase will occur in the Gulf of Mexico where...

LNG to Fill Growing North American Gas Deficit, But Soon Enough?(liquefied natural gas)
October 1, 2003... NEW YORK -- US natural gas demand will rapidly outpace new domestic and Canadian supplies, creating an important new market for liquefied natural gas (LNG), gas marketers told the Deutsche Bank industry conference in New York on Tuesday. US LNG...

EIA Report Outlines Cost Savings, Import Reductions in Energy Bill.(Energy Information Administration; national energy bill negotiations)
October 1, 2003... HOUSTON -- The Energy Information Administration (EIA) has released a just-in-time 81-page report that could help Senate and House leaders hammer out their differences and eventually put a broad energy bill on President Bush's desk. Eager...

Sempra, Kinder Morgan Top CSFB Earnings Outlook.(Credit Suisse First Boston expectations on energy industry earnings)
October 1, 2003... Sempra Energy and Kinder Morgan will report the best earnings stories among integrated natural gas and energy services companies in the third quarter, investment bank Credit Suisse First Boston (CSFB) said Tuesday in its a third-quarter...

Daily Oil & Gas Price Review.(Brief Article)
October 1, 2003... Daily Oil & Gas Price Review Prices for Tuesday, September 30, 2003 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg....

Stock Market Scorecard.(petroleum industry stock price movements)
October 1, 2003... Stock Market Scorecard Close 1-Day. % Chg. Sep 30 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors Marathon 28.50 +0.32 +1.14...

Valero Boosts Q3 Forecast 16%.(Valero Energy )(Brief Article)
October 1, 2003... Independent US refiner Valero Energy has raised its third- quarter earnings forecast 16% because of exceptionally strong September retail and wholesale margins. The company said Tuesday it now expects earnings in the range of $1.45/share,...

Dynegy Places $300M in Notes.(Brief Article)
October 1, 2003... Power and gas merchant Dynegy said Tuesday it plans a private placement of about $300 million of senior secured notes. Dynegy said it will use the net proceeds to repay the $194 million outstanding under a term loan and to retire the $170...

Australia Jet Fuel Supply Eyed.(Australian government will join forces with the oil and airline industries to investigate contingency supply plans for Sydney airport after a shortage of jet fuel disrupted international flights )(Brief Article)
October 1, 2003... The Australian government will join forces with the oil and airline industries to investigate contingency supply plans for Sydney airport after a shortage of jet fuel disrupted international flights last week. Industry Minister Ian...

Petrobras' Rig Building at Risk.(by recently imposed state tax)(Brief Article)
October 1, 2003... State-owned Brazilian energy giant Petrobras said Tuesday that a recently imposed state tax may jeopardize building plans for at least one of two 180,000 b/d deepwater production platforms tendered this month. Petrobras President Jose...

Western Gas Falsifies Price Reports.(Western Gas Resources reported inaccurate information regarding natural gas transactions to trade publications)(Brief Article)
October 1, 2003... Western Gas Resources admitted late Monday that it reported inaccurate information regarding natural gas transactions to trade publications. An internal review, stemming from a Commodity Futures Trading Commission (CFTC) subpoena, found...

Halliburton Gives In to Claims.(will cease trying to extend a bankruptcy court order blocking more than 200,000 asbestos injury claims )(Brief Article)
October 1, 2003... Halliburton says it will cease trying to extend a bankruptcy court order blocking more than 200,000 asbestos injury claims against one of its units. The oilfield services company said Monday it is now in a position to make a prepackaged...

Enron Unit Ready to Settle.(Portland General Electric settlement regarding California market manipulation)(Brief Article)
October 1, 2003... Without admitting any wrong doing, Portland General Electric told federal regulators it wants to pay $8.5 million to settle allegations that it helped parent company Enron manipulate electricity markets during the California energy crisis. ...

Williams Closes Canadian Sale.(Provident Energy Trust busy some natural gas assets)(Brief Article)
October 1, 2003... Tulsa, Oklahoma-based Williams said Tuesday that it has completed the sale of a business in Canada to Provident Energy Trust (OD Sep.12,p5). Williams will receive US$214 million from Provident for a natural gas liquids fractionation,...

US Won't Tap National Reserve.(nation's petroleum reserves should not be used to balance oil prices, US Energy Secretary Spencer Abraham said )(Brief Article)
October 1, 2003... The nation's petroleum reserves should not be used to balance oil prices, US Energy Secretary Spencer Abraham said at this week's US-Arab economic meeting in Detroit. World oil prices jumped by about 4% in one day last week after Opec made...

Pump Price Lowest Since August.(US retail gasoline prices)(Brief Article)
October 1, 2003... The US average gasoline pump price fell for the fifth straight week to the lowest level since early August, dropping 5.2cents over the last week to $1.591/gallon, the government said on Monday. The national price for regular unleaded...

Opec Cut Didn't Support Oil Share Prices.
October 2, 2003... WASHINGTON -- Shares of leading worldwide oil and gas companies fell alongside the broader equity market in September, as a late decision by Opec to cut oil supplies and prop up prices was too little help too late. The Oil and Gas Index...

Husky Raises White Rose Field Estimate.(Husky Energy offshore Newfoundland oil and gas field)
October 2, 2003... HOUSTON -- Canada's Husky Energy said two delineation wells drilled at its White Rose field, offshore Newfoundland, have resulted in an increase in its estimate of the field's oil and gas reserves. The higher reserve numbers will improve...

Oil Futures Remain Strong on Mixed Inventory Reports.(price trends)
October 2, 2003... NEW YORK -- Oil futures edged higher on Wednesday as weekly US crude inventories failed to show the expected builds, but a jump in product stocks and hopeful signs of raising Iraqi production moderated concerns of tight winter supply. On...

Venezuela's Chavez Defends Opec Output Cuts.(Venezuelan President Hugo Chavez )
October 2, 2003... CARACAS -- Venezuelan President Hugo Chavez on Wednesday defended recent Opec production cuts and insisted that they have helped keep oil prices within the producers' group specified bands. "We have to fortify Opec, which is very important...

Deal on Energy Bill Details Elusive; Completion Postponed.(US Congressional energy bill)
October 2, 2003... WASHINGTON -- Buffeted by criticism from Democrats criticism and struggling with differences within their own party over electricity and tax incentives, Senate and House Republican leaders on Wednesday abandoned a Friday deadline for completion...

Jordan Shelves Plan to Build Oil Pipeline From Iraq, Minister Says.
October 2, 2003... LONDON -- Jordan has suspended plans to build a crude oil pipeline for imports of Iraqi oil and will instead focus on imports from Mideast Gulf states by sea, Jordanian Energy Minister Mohammad Batayneh told Oil Daily in an interview. The...

Nymex Examines Options, Including Possible Merger with ICE.(IntercontinentalExchange )
October 2, 2003... LONDON -- Financial pressures and software troubles are understood to have spurred the New York Mercantile Exchange (Nymex) to shuffle staff and consider fundamental strategic options, including a possible merger with its technology- savvy...

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

Stock Market Scorecard.(petroleum industry stock price movements)(Brief Article)
October 2, 2003... Stock Market Scorecard Close 1-Day. % Chg. Oct 01 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors Statoil 9.30 +0.32 ...

EIA Weekly Statistics.(petroleum and petroleum product statistics)
October 2, 2003... Department of Energy Weekly Statistics For Week Ended September 26, 2003 Crude Oil: StocksCrude Oil: Production and Imports (millions of bbl)(Average, thousands of bbl) Domestic Current Previous ...

Refiners Settle With Justice.(Brief Article)
October 2, 2003... The Justice Department and the Environment Protection Agency (EPA) announced comprehensive Clean Air Act settlements with Coastal Eagle Point Oil Co., CHS Inc., Ergon-West Virginia Inc., and Ergon Refining Inc., which require the refineries to...

Ashland Cutting Jobs.(Brief Article)
October 2, 2003... To reduce expenses by $75 million a year, Ashland said Wednesday it is eliminating 500 jobs in Ashland's wholly owned business and corporate resource groups. Ashland cut 200 jobs earlier this year, recording $8 million in severance and...

EOTT Changes Name.(to Link Energy)(Brief Article)
October 2, 2003... Effective Oct. 1, Houston-based EOTT Energy changed its name to Link Energy. The company said the name change does not impact the ongoing structure, contractual commitments, organization, or operations of the company's business assets or...

Talisman Pumps Oil in Malaysia.(Talisman Malaysia Ltd.)(Brief Article)
October 2, 2003... Talisman Malaysia Ltd., a wholly owned subsidiary of Talisman Energy, has begun production from the PM-3 Commercial Arrangement Area (CAA) Phase 2 & 3 project offshore Malaysia/Vietnam. Phase 1 oil production commenced in July 1997. The...

Marathon Starts Up UK Field.(Braemer gas condensate satellite of the Brae East field in the North Sea)(Brief Article)
October 2, 2003... Marathon announced the start-up of another North Sea oil field on Tuesday, slightly ahead of schedule. The Braemer gas condensate satellite of the Brae East field is the seventh oil field started up in the UK sector this year. Four fields...

Magnum Hunter Outlook.(Magnum Hunter Resources production estimates)(Brief Article)
October 2, 2003... Magnum Hunter Resources estimates its annual production for 2004 should range from 74.8 Bcfe to 85.8 Bcfe, according to the Irving, Texas-based company's filings with the Securities and Exchange Commission. Magnum Hunter estimates that the...

Petrobras Discoveries Add Gas, Light Oil.(Brief Article)
October 2, 2003... Recent exploration by Petrobras of Brazil has yielded finds of 14.8 Tcf of natural gas and 3.95 billion bbl of light and recoverable heavy oil, Paulo de Tarso M. Guimaraes told a Deutsche Bank conference Tuesday. Discoveries made in the last...

PDV Delays SEC Filing Again.(Petroleos de Venezuela delayed 2002 year-end financial statement with the US Securities and Exchange Commission )(Brief Article)
October 2, 2003... Venezuela's state oil firm Petroleos de Venezuela (PDV) said on Wednesday it would file its delayed 2002 year-end financial statement with the US Securities and Exchange Commission (SEC) by the end of October. "This will enable PDV to hand...

Mirant Settles With FERC.(Federal Energy Regulatory Commission investigation of energy trader violations during California energy crisis)(Brief Article)
October 2, 2003... Mirant announced Tuesday a $332,411 settlement with the Federal Energy Regulatory Commission (FERC) over allegations that the bankrupt energy trader violated regulations during the California 2000-01 crisis. Despite unyielding claims of...

Sonatrach Ups Camisea Stake.(Peru's Camisea gas project )(Brief Article)
October 2, 2003... Algeria's Sonatrach said Tuesday that it was buying a 10% stake from Argentina's Pluspetrol in the transport and development phases of Peru's Camisea gas project for an undisclosed price. Pluspetrol, which leads the development consortium,...

Jacobs Gets Saudi Aramco Job.(Jacobs Engineering Group)(Brief Article)
October 2, 2003... Jacobs Engineering Group said Wednesday that a subsidiary company received a contract from Saudi Aramco to oversee the development of the Hawiyah Natural Gas Liquids Recovery/Hawiyah Gas Plant Expansion and related projects in Saudi Arabia. ...

FERC OKs Natural Gas Project.(Federal Energy Regulatory Commission approved a Chesapeake Utilities Corp. subsidiary's plan to increase natural gas shipping capacity )(Brief Article)
October 2, 2003... The Federal Energy Regulatory Commission on Wednesday approved a Chesapeake Utilities Corp. subsidiary's plan to increase natural gas shipping capacity by about 15 MMcf/d to meet demand in its market. The extra gas will help Chesapeake's...

Fluor Wins Abu Dhabi Contract.(engineering, procurement, and construction contract for Abu Dhabi Gas Industries )(Brief Article)
October 2, 2003... Fluor Corp. said Wednesday it has been awarded an engineering, procurement, and construction contract by Abu Dhabi Gas Industries (GASCO), one of the largest gas processing companies in the world. Under the terms of the $22 million...

Nymex Expands Crude Options.(New York Mercantile Exchange will list additional crude oil options )(Brief Article)
October 2, 2003... The New York Mercantile Exchange will list additional crude oil options months beginning today to replicate the months listed for its light, sweet crude oil futures contract. The listed months will expand to 30 from 12 the number of...

Valero Refinery Normal.(Valero Energy gasoline producing catalytic cracking unit at its 140,000 b/d refinery in Wilmington, California)(Brief Article)
October 2, 2003... Valero Energy said on Wednesday the gasoline producing catalytic cracking unit at its 140,000 b/d refinery in Wilmington, California, is operating at planned rates. Talk among gasoline traders in the West Coast refined products markets on...

Murphy Oil Refinery Back.(restarting its 125,000 b/d refinery in Meraux, Louisiana after fire)(Brief Article)
October 2, 2003... Murphy Oil is restarting its 125,000 b/d refinery in Meraux, Louisiana, which has been shut since a June explosion and fire, a company executive said on Wednesday. Murphy Oil Treasurer Kevin Fitzgerald said the refinery may begin producing...

Houston Exploration Names VP.( Tim R. Lindsey named vice president of exploration)(Brief Article)
October 2, 2003... Houston Exploration announced Wednesday that Tim R. Lindsey joined the company in the newly created position of vice president of exploration. Lindsey's primary responsibilities will involve assessing the company's current and future...

correction.(new tax applied by the state of Rio de Janeiro would increase the cost of building oil rigs)(Brief Article)(Correction Notice)
October 2, 2003... The Oct.1 issue of Oil Daily incorrectly said a new tax applied by the state of Rio de Janeiro would increase the cost of building two rigs by $180 billion each. The correct amount is $180 million each. Copyright Today's complete oil and...

Majors Offer Sneak Peak at Strong Q3 Profits.(oil firms, U.S.; 2003 third quarter)
October 3, 2003... WASHINGTON -- Analysts are still expecting major oil companies to announce robust third-quarter profits later this month, but recent interim trading updates from ConocoPhillips, BP, and ChevronTexaco have induced some to slightly reduce their...

Petrobras Expanding Steadily in the Region.(Brazilian state-oil company, Latin America)
October 3, 2003... WASHINGTON -- Brazilian state-oil giant Petrobras is unyielding in its plans to become a major player in Latin America's oil and gas markets, while also keeping an eye on potential opportunities in the Middle East, West Africa, and the Gulf of...

NGSA Predicts Volatile Ride for Gas Markets This Winter.( Natural Gas Supply Association )
October 3, 2003... WASHINGTON -- Natural gas consumers should brace for a second straight winter of high costs and potentially heavy price volatility, the Natural Gas Supply Association (NGSA) warned Thursday. Although it does not project actual gas costs,...

Bullish Remarks by Chavez Move Crude Futures Toward $30.(oil futures, New York Mercantile Exchange )(Brief Article)
October 3, 2003... NEW YORK -- Crude futures continued their bullish run Thursday, threatening the $30 level, but finished 16cents below that mark as traders said there were no significant headlines to push the price higher, except some Opec squabbling. On...

World Bank Hopes to Repeat Chad Wealth-Sharing Scheme.
October 3, 2003... WASHINGTON -- The World Bank model for fairly distributing oil revenue in Africa -- where the economies of some oil- rich nations have actually declined despite high crude prices because of corruption and civil war -- enters a decisive phase...

Oil Companies Waiting for US to Remove Sanctions on Sudan.
October 3, 2003... WASHINGTON -- Sanction-weary US oil companies are starting to see an opening for investments in Sudan. According to a top Sudanese government official, US officials have pledged to lift sanctions and remove Khartoum from its list of state...

Lukoil Taking Steps to Expand Its Product Export Capabilities.(Brief Article)
October 3, 2003... MOSCOW -- Russia's Lukoil looks set to expand its export capabilities and potentially lower its transportation costs after finishing the first part of an oil terminal in the northern Caspian and winning a tender to operate a bunker terminal in...

BB:EIA Gas Stroage Report.(Energy Information Administration, U.S.)(Brief Article)
October 3, 2003... Gas Storage Rises 100 Bcf Stocks of working natural gas in US storage facilities rose 100 Bcf for the week ended Sep. 26, leaving storage levels at 2,788 Bcf, according to the Energy Information Administration (EIA). The injection left...

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

Stock Market Scorecard.(petroleum industry; stock prices, statistics)
October 3, 2003... Stock Market Scorecard Close 1-Day. % Chg. Oct 02 Chg. % Chg. 10-Day 52-Wk YTD Integrated Energy Statoil 9.42 +0.12 ...

NBP Posts $219M Charge.(Northern Border Partners)(Brief Article)
October 3, 2003... Northern Border Partners said Thursday that it will record non-cash charges of $219 million or $4.73/unit to reflect asset and goodwill impairments for its natural gas gathering and processing business segment. Bill Cordes, chairman and...

ANS Has Solid September.(Alaskan North Slope, oil production; September 2003)(Brief Article)
October 3, 2003... Alaskan North Slope (ANS) producers turned in a solid month in September, besting August crude output by more than 30,000 b/d and finishing nearly 80,000 b/d ahead of September 2002, according to data from the state's Department of Revenue Tax...

Pemex Maintains Most Pricing.(Mexico, oil export prices to U.S.)(Brief Article)
October 3, 2003... Mexico left November discounts for Maya crude exports to the US Gulf Coast and Europe unchanged as part of the monthly adjustment in its oil export price formulas, state oil monopoly Pemex said Wednesday. The price of US West Coast- bound...

Petrobras Finds Light Oil.(Brazil)(Brief Article)
October 3, 2003... Brazil's state oil company Petrobras said Thursday two tests of a well in Block BC-60, off the coast of Espirito Santo, showed the presence of light oil. The size of the find still is undetermined. Well 1-ESS-130 showed positive oil...

Husky Closes Canadian Buys.(Husky Energy, acquires shares of Marathon Canada, Marathon International Petroleum Canada )(Brief Article)
October 3, 2003... Canadian-based Husky Energy announced Thursday its acquisition of all of the outstanding shares of Marathon Canada and the Western Canadian assets of Marathon International Petroleum Canada for $588 million. In a separate transaction,...

Patina Buys Cordillera Assets.(Patina Oil & Gas, Cordillera Energy Partners )(Brief Article)
October 3, 2003... Denver-based Patina Oil & Gas said Thursday it agreed to acquire the assets of Cordillera Energy Partners for $244 million. The assets include natural gas reserves in Anadarko and San Juan Basins and the acquisitions will immediately boost...

Williams Sells Midstream Assets.(Williams Cos., natural gas liquids pipelines)(Brief Article)
October 3, 2003... Williams' midstream business completed the sale of its interests in two natural gas liquids pipelines for $26.5 million. These assets were previously identified for divestiture. Affiliates of Enterprise Products Partners have purchased a...

Total Buys 25% Of Mexican LNG Project.(liquefied natural gas, Royal Dutch/Shell Group )(Brief Article)
October 3, 2003... Total bought a 25% stake in a liquefied natural gas (LNG) project the Royal Dutch/Shell Group plans for Mexico's Gulf Coast, the two companies said Thursday. Total will own a quarter of both the regasification terminal, and the marketing...

IPE Sets Volume Records.(International Petroleum Exchange, oil and gas oil futures)(Brief Article)
October 3, 2003... London's The IPE announced record September volumes in both the IPE Brent crude oil and IPE Gas Oil futures contracts. Volumes in Brent futures reached 2,166,464 lots, exceeding the previous September 2001 record by 9%. IPE Gas Oil futures...

GTL Pilot Plant Opens.(natural gas-to-liquids plant, Oklahoma; U.S.)(Brief Article)
October 3, 2003... North America is now the natural gas-to-liquids (GTL) world capital, after a fashion. The US is home to three GTL pilot plants, with the newest a 70-b/d facility at the Port of Catoosa, Oklahoma, on the Arkansas River just east of Tulsa....

Correction.(Correction Notice)
October 3, 2003... An article in the Oct. 1 Oil Daily misstated the nature of BP and Marathon's involvement in two US LNG regasification plants, and incorrectly located the Cove Point LNG terminal (OD Oct.1,p5). Marathon bought Enron's share of capacity...

Syntroleum GTL Plant 20 Years in the Making for Syntroleum.(Syntroleum dedicates a plant that will deliver 70 barrels/day of high-purity transportation fuels to the Department of Energy)
October 6, 2003... HOUSTON -- For two decades Kenneth Agee has been trying to develop a natural gas-to-liquids (GTL) business. Full attainment of his goal is still a good ways off, but last week the effort took a measurable step forward. Syntroleum, the...

Market Busy Second-Guessing Opec Intentions.(petroleum price trends)
October 6, 2003... WASHINGTON -- Various interpretations about Opec intentions have rocked the oil market since last month's surprise decision to cut production heading into the winter of peak demand. Though there is some concern that the oil producers' group is...

Yukos and Sibneft Close Merger; Deny Exxon Stake Pending.
October 6, 2003... MOSCOW -- Yukos and Sibneft finalized their mega-merger to create Russia's largest oil and gas holding on Friday, as Yukos denied rumors that a stake in the newly formed company would be sold to Exxon Mobil and Russia's General Prosecutor...

Post-Season Gasoline Rally Pushes Crude Past $30 Mark.
October 6, 2003... NEW YORK -- Amid extremely choppy trading, crude futures cruised past the $30 mark Friday to close at $30.40, as gasoline rallied on rumors of refinery troubles and sharpened perception of tight supplies going into the winter season. ...

West Coast Spot Crude Grades Weaken as Lower Imports Lift Domestic Oil East.(petroleum price trends)
October 6, 2003... NEW YORK -- As evidence that the US crude market in fact consists of two separate markets, ample supplies on the West Coast put severe pressure on spot crude prices there late last week, while the opposite was happening on the East Coast, where...

Weather Should Allow Gas Injections to Maintain Their Pace.
October 6, 2003... WASHINGTON -- Weather forecasts for mid-October have turned bearish, which should allow the recent torrid injection pace into storage -- after an interruption from chilly eastern temperatures last week -- to continue. Any weather-related...

September Market Fundamentals Bode Ill For Opec Ambitions.(reports indicate that global oil demand softends in 9/93)(Illustration)(Industry Overview)
October 6, 2003... NEW YORK -- September supply/demand fundamentals assessed by Oil Daily's sister publication Oil Market Intelligence paint a much different picture from the visions of higher prices and low stocks some are seeing following Opec's bombshell at...

Canadian Gas Storage.(Brief Article)
October 6, 2003... Canadian Enerdata reported that the amount of natural gas in Canadian storage facilities rose 12.9 Bcf to 439.4 Bcf for the week ended Sep. 26. Storage caverns are 89.1% full, up from 86.5% full a week ago, but down from 92.4% full a year ago....

Baker Hughes Drilling Report.(number of rigs searching for oil and gas in the US for the week ended Oct. 3, 2003)(Brief Article)
October 6, 2003... US Rig Count Down 4 The number of rigs searching for oil and gas in the US fell by 4 to 1,091 last week, oil services firm Baker Hughes said on Friday. During the same week last year, there were 857. The number of rigs searching for oil in...

Daily Oil & Gas Price Review.
October 6, 2003... Daily Oil & Gas Price Review Prices for Friday, October 3, 2003 Light Sweet Futures -- Prompt Month ($/barrel) 1st 5-Day 2nd 3rd Chg Month Avg. ...

Stock Market Scorecard.(petroleum industry stock price movements)
October 6, 2003... Stock Market Scorecard Close 1-Day. % Chg. Oct 03 Chg. % Chg. 10-Day 52-Wk YTD Integrated Majors Shell T & T 38.95 +0.95 ...

Quicksilver Updates Outlook.(Quicksilver Resources earnings and operations outlook)(Brief Article)
October 6, 2003... Quicksilver Resources on Friday updated its earnings and operations outlook, reporting that the company's total daily production is expected to average between 121 MMcf/d and 123 MMcf/d in the fourth quarter, with a year-end exit rate in the...

Denbury Updates Operations.(Denbury Resources updates on its discovery at North Lirette Field and in the Brazos A-21 Field)(Brief Article)
October 6, 2003... Denbury Resources on Friday provided an update on its previously announced discovery at North Lirette Field, and reported a successful well in the Brazos A-21 Field in the offshore Gulf of Mexico. The company also announced its plans to...

BLM Invites Public Comment.(the Bureau of Land Management will hold six public scooping meetings in 10/03)(Brief Article)
October 6, 2003... The Bureau of Land Management (BLM) will hold six public scooping meetings in October to amend its 1998 integrated activity plan covering 4.6 million acres in the northeast portion of the National Petroleum Reserve-Alaska. Attendees are...