The Oil Daily articles from October 2007

The Oil Daily archives from October 2007

Bush insists on voluntary climate action.
October 1, 2007... President George Bush on Friday urged the world's biggest polluters to seek a new path to cutting greenhouse gas emissions without restricting economic growth. In a speech at a White House-sponsored conference on climate change, Bush...

Iran reaches out to Bolivia, Venezuela.
October 1, 2007... Iranian President Mahmoud Ahmadinejad was given a red carpet welcome in Venezuela last week, after a short visit to Bolivia where he pledged $1 billion in aid and investment over the next five years to help that country develop its oil and gas...

EnCana rips Alberta royalty proposal, threatens to slash spending.
October 1, 2007... EnCana, North America's largest natural gas producer, has fired back at a proposal to increase royalties for oil and gas production in Alberta and is threatening to cut its capital spending in the Canadian province. The company said Friday...

Weak dollar pushes oil futures close to all-time record.
October 1, 2007... An overheated crude market was widely expected to undergo a correction last week after hitting a string of record highs. Prices did briefly dip below $80 per barrel, but the market rebounded and rallied throughout the second part of the week...

Daily oil & gas price review.(Statistical table)
October 1, 2007... Prices for Friday, September 28, 2007 US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -1.19 75.64 75.22 67.58 LLS (St. James) -1.19 81.89 ...

Trans-Atlantic spread attracts imports, putting pressure on domestic grades.
October 1, 2007... The spread between US and European cash benchmarks widened at one point on Friday to over $4, which more than covers the cost of shipping foreign crudes to the US Gulf Coast. And it seems the US could use more foreign oil as refineries start to...

Rig count down By 9.(Baker Hughes Drilling Report)(Brief article)
October 1, 2007... Baker Hughes drilling report. The number of drilling rigs searching for oil and gas in the US fell by 9 last week to 1,760, Baker Hughes said Friday. During the same week last year, there were 1,744 rigs at work. The number of rigs...

Michigan democrat proposes tax of $50 per ton on carbon dioxide.
October 1, 2007... A key House Democrat on energy policy issues has unveiled details of a proposal to combat global warming by placing a $50-perton tax on carbon dioxide emissions and a 50cents-per-gallon tax on gasoline at the pump. Michigan Democratic Rep....

Dollar weakness helps prop up natgas, but bears poised to pounce.
October 1, 2007... With last week marking the end of the third quarter, it was time to "paint the board" for Wall Street traders looking to secure their end-of-quarter bonuses. That helped to prop up crude oil and natural gas futures, but with that event out of...

Toyota improves fuel-cell car.(Alternatives)(Toyota Motor Corp.)(Brief article)
October 1, 2007... Automaker Toyota said on Friday it has doubled the amount of hydrogen that can be stored in the tank of its zero-emission fuel-cell vehicle, increasing the range it can cruise on a single tank to about 466 miles. With the new tank and...

Chevron launches ad campaign.(Corporate News)(advertising campaigns)(Brief article)
October 1, 2007... Chevron is launching a global advertising campaign aimed at engaging people in energy issues and highlighting steps the company is taking to bring more energy supplies to the global marketplace. The "Power of Human Energy" campaign will kick...

Norway blocks attract 45 firms.(International)(Brief article)
October 1, 2007... Norway's Oil and Energy Ministry has received applications from 45 companies for its 2007 Awards in Predefined Areas licensing round for the Norwegian continental shelf. It aims to award the licenses in late 2007 or early 2008. A total of...

Tullow upbeat on Uganda.(International)(Tullow Oil PLC)(Brief article)
October 1, 2007... UK-listed Tullow Oil is set to start drilling its largest exploration target in Uganda next month and will report results from its latest appraisal well in the country in the next two weeks. Both wells are critical to consolidating a run of...

Stock market scorecard.(Statistical table)
October 1, 2007... Integrated Close 1-Day % Chg. Majors 9/28 Chg. % Chg. 10-Day 52-Wk YTD Norsk Hydro 43.35 +1.30 +3.09% +4.86% +93.70% +41.34% Statoil 33.92 +0.46 +1.37 +4.37...

PDV deploys coiled tubing.(Latin America)(Petroleos de Venezuela)(Brief article)
October 1, 2007... Petroleos de Venezuela (PDV) has been performing coiled tubing workovers to extract more oil from existing wells as it seeks to offset a shortage of rigs for drilling new wells. "The interesting thing (about) this plan is that we won't...

Amaranth gets more time.(Litigation)(Amaranth Advisors L.L.C.)(Brief article)
October 1, 2007... The Federal Energy Regulatory Commission (FERC) has given defunct hedge fund Amaranth Advisors and two former traders more time to respond to allegations that they manipulated the natural gas market in early 2006. The commission in June...

Exxon restarts refinery unit.(Refining)
October 1, 2007... Exxon Mobil plans to begin restarting a reformer at its 150,000 b/d Los Angeles-area refinery in Torrance, California, over the weekend, a refinery spokeswoman said on Friday. An ongoing overhaul of a refinery crude distillation unit and a...

Wyatt pleads guilty to oil-for-food fraud.(Oscar Wyatt)
October 2, 2007... The trial of veteran Texas oilman Oscar Wyatt ended abruptly Monday when he pleaded guilty to paying illegal surcharges to Iraq under the UN's oil-for-food program. In a surprise turn of events as the trial entered its fourth week, Wyatt...

Ecuador elections strengthen correa's hand.(Rafael Correa)
October 2, 2007... Ecuador's President Rafael Correa has claimed a landslide victory in Sunday's election for seats in a constituent assembly that will rewrite the country's Constitution, a move that will tighten Correa's grip on the country's hydrocarbons...

Record oil prices lift integrated oil shares in September.
October 2, 2007... September was an impressive month for oil equities with most companies watching their share value climb 5% or more throughout the course of the month. With crude prices marching higher during the month, investors flocked to oil equities,...

Crude oil falls on repositioning of speculative capital.
October 2, 2007... The prompt November light, sweet crude oil contract on the New York Mercantile Exchange (Nymex) fell $1.42 to $80.24 per barrel on what traders called a repositioning of speculative capital. Oil futures rallied at the end of the quarter so that...

Daily oil & gas price review.(Statistical table)
October 2, 2007... Light Sweet Futures--Prompt Month ($/barrel) Change 1st Month 5-Day Avg. 2nd Month 3rd Month Nymex Light Sweet -1.42 80.24 80.92 79.28 78.50 ICE Brent -1.53 77.64 ...

Chevron faces mounting pressure to withdraw from Myanmar.
October 2, 2007... Activists and some key US lawmakers are stepping up pressure on Chevron to pull out of Myanmar, where mass protests against 45 years of military dictatorship are being met with force by the country's ruling junta. The Bush administration...

Sakhalin-2 project faces key test as it braces for VIP visit.
October 2, 2007... The Sakhalin-2 project on Russia's Pacific shelf could face another moment of truth next month when Natural Resources Minister Yuri Trutnev visits the island to see for himself how the environmental damage caused by the massive development is...

Australian arrow spearheads move into Indonesian CBM plays.(Australian coalbed methane)
October 2, 2007... Australian coalbed methane (CBM) player Arrow Energy has signed two agreements with Indonesian state-pwned company Pertamina to evaluate the prospectivity of coal-based gas in Indonesia. Indonesia is looking to develop CBM and other...

US geothermal project advances.(Alternatives)(Western GeoPower)(Brief article)
October 2, 2007... A Canadian company specializing in developing geothermal power projects has won its first drilling permits from state regulators in California. The California Division of Oil, Gas & Geothermal Resources has given Vancouver-based Western...

Quebec introduces carbon tax.(Environment)(Brief article)
October 2, 2007... The province of Quebec slapped Canada's first carbon tax on energy firms on Monday. The carbon tax, proposed more than a year ago, is expected to raise C$200 million (US$202 million) a year to fund the province's plans to reduce emissions. ...

Petronet, Exxon near gas deal.(International)(Exxon Mobil Corp.)(Brief article)
October 2, 2007... Indian gas importer Petronet has signed an agreement with Exxon Mobil to buy liquefied natural gas (LNG) from Australia's Gorgon project, Prosad Dasgupta, Petronet's chief executive, said on Monday. Dasgupta said the companies agreed early...

Firms to build Africa refinery.(International)(Energy Allied International)(WCW International)(Brief article)
October 2, 2007... Energy Allied International, WCW International and Petroci--the national oil company of Cote d'Ivoire--said Monday they will partner to build, own and operate a 60,000 b/d crude oil refining facility and a refined products storage facility in...

Stock market scorecard.(Statistical table)
October 2, 2007... Integrated Close 1-Day % Chg. Majors 10/1 Chg. % Chg. 10-Day 52-Wk YTD Norsk Hydro 44.06 +0.71 +1.64% +7.67% +90.57% +43.66% Shell-B 83.43 +1.33 +1.62...

Big find onshore Australia.(International)
October 2, 2007... Small domestic explorer Innamincka Petroleum said Monday it believes it has discovered one of Australia's biggest-ever onshore oil fields, with in-place resources of over 100 million bbl. Innamincka said recent appraisal drilling has...

Kuwait makes refinery shortlist.(International)(Brief article)
October 2, 2007... Kuwait National Petroleum Co. (KNPC) has prequalified 17 international contractors to bid for construction of its Al-Zour refinery, in a fresh attempt to get the $14 billion project off the ground. The company said it wants to ensure at...

Alaska bribery probe widens.(Litigation)
October 2, 2007... Two Democratic legislators in Alaska have called on officials from three major oil companies to reveal whether they collaborated with executives of oilfield service company Veco in buying legislative votes during last year's overhaul of the...

Drillers set merger vote.(Mergers & Acquisitions)(Brief article)
October 2, 2007... Offshore drilling giants Transocean and GlobalSantaFe are set to hold separate shareholder meetings on Nov. 9 to vote on a proposed merger deal. GlobalSantaFe shareholders will be asked to approve the merger, while Transocean shareholders...

Heartland relocates to Houston.(Mergers & Acquisitions)(Heartland Oil and Gas)(Brief article)
October 2, 2007... Heartland Oil and Gas has relocated its headquarters to Houston from Denver, thereby consolidating the exploration and production operations of Universal Property Development and Acquisition Corp. into a single location. In April 2007,...

PetroHunter sells assets.(Mergers & Acquisitions)(PetroHunter Energy)(Pearl Exploration)(Brief article)
October 2, 2007... Denver-based PetroHunter Energy has sold heavy oil assets in Montana and Utah to Pearl Exploration for an estimated $30 million. As a result of the deal, Pearl acquires a 100% working interest in several large resource heavy oil development...

Statoil, hydro complete merger.(Mergers & Acquisitions)(Norsk Hydro ASA)(Brief article)
October 2, 2007... Norway's Statoil officially took over the oil and gas business of domestic rival Norsk Hydro on Monday, creating the world's largest offshore operator and a new Norwegian energy champion. But StatoilHydro's debut on the Oslo Stock Exchange was...

Spectra to expand system.(Pipelines)(Spectra Energy)(Brief article)
October 2, 2007... Spectra Energy plans to spend about $300 million to expand the capacity of its Texas Eastern Transmission natural gas pipeline system, offering customers in the US Northeast greater access to natural gas supplies. The proposed Time 3...

The global energy industry's premier conference.(28th Oil & Money)(Conference news)(Brief article)
October 2, 2007... The InterContinental London Park Lane * An exclusive forum for senior executives to assess current and future trends in the global energy industry * Top executives, policy makers, traders, and thought leaders from over 50 countries ...

Conference Agenda.(28th Oil & Money)
October 2, 2007... Monday Evening, October 29 Welcome Cocktail Reception--Speakers and delegates welcome Tuesday, October 30 Breakfast Briefing Conference Opening: Keynote Address NOCs and IOCs: Striking a New Balance * Will IOCs be...

2007 Petroleum Executive of the Year.(Brief article)
October 2, 2007... One of the highlights of the Oil & Money conference is the presentation of the prestigious Petroleum Executive of the Year Award. This year, H.E. Abdullah Bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry for the...

The Energy Intelligence Group.(Energy Intelligence)(www.energyintel.com)(Brief article)
October 2, 2007... (www.energyintel.com) has been the core information provider for the global energy industry for more than 50 years. We provide decision-makers with critically important news, insight and analysis on the global oil and gas markets. Our...

The International Herald Tribune.(Energy Intelligence)
October 2, 2007... (www.iht.com) is the premier international newspaper for opinion leaders and decisionmakers around the globe. It combines the extensive resources of its own correspondents with those of New York Times and is printed at 36 sites throughout the...

Alaska governor unveils new oil tax bill.
October 3, 2007... Alaska Gov. Sarah Palin's administration on Tuesday rolled out details of new oil tax legislation designed to bring the state an additional $1 billion a year compared with revenues generated under the existing tax system. Palin's proposal,...

Canadian bank sees oil prices heading to $100.
October 3, 2007... Growing domestic oil demand within the world's largest crude-producing countries will cut global exports by at least 2 million b/d by 2012, leaving Canada's oil sands to make up that difference on the world market, according to Jeffrey Rubin,...

Lone bidder as Texas holds first offshore wind power lease sale.(Wind Energy Systems Technologies)
October 3, 2007... Texas on Tuesday held the nation's first-ever competitive lease sale for rights to develop offshore wind farms in the Gulf of Mexico. However, there was only one bidder: a Louisiana company that is already developing an offshore wind project...

Oil prices hold above $80 as bearish factors trigger modest loss.(Brief article)
October 3, 2007... Oil prices fell slightly on Tuesday, reflecting the combined effect of weaker-than-expected US oil demand data, a somewhat stronger dollar and rising concerns about a slowing of the US economy as a result of the credit crunch. A nascent storm...

Daily oil & gas price review prices for tuesday, October 2, 2007.(Statistical table)
October 3, 2007... US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -0.02 74.30 75.10 69.61 LLS (St. James) +0.08 80.60 81.40 75.71 ANS (California) ...

Group says oil companies should use clout to stop Myanmar crisis.
October 3, 2007... A leading international human rights organization said Tuesday there is no transparency in Myanmar about how much the ruling military dictatorship receives in oil and gas payments, nor clarity in how the funds are spent. The New York-based...

Nova Scotia seeks to boost understanding of its complex geology.(Nova Scotia Resources Ltd.)
October 3, 2007... Oil and natural gas operators haven't been flocking to the waters offshore the Canadian Maritimes province of Nova Scotia recently in spite of several significant gas finds in the past decade. Neither of those discoveries, the Sable Islands...

Iraq Kurds ignore US concerns, strike new upstream deals.
October 3, 2007... The Kurdistan Regional Government (KRG) of northern Iraq said Tuesday it has awarded four new production sharing contracts (PSC), ignoring advice from the US to allow the upstream contract process to be controlled by the central government in...

Eni seeks creative solutions to resolve impasse in Kashagan.(Brief article)
October 3, 2007... Agip KCO, the Eni-led operator of Kazakhstan's giant Kashagan field, is having to do some "imaginative thinking" to resolve its difficulties with the government of the Central Asian republic over the project's huge cost overruns and delays to...

Crescent halts alberta spending.(Exploration & Production)(Crescent Point Energy Trust)(Brief article)
October 3, 2007... Crescent Point Energy Trust said on Tuesday it will plow all of its C$150 million (US$150 million) oil and gas development budget into Saskatchewan next year after determining that proposed royalty changes in the neighboring province of Alberta...

Indonesia may reassign block.(International)
October 3, 2007... Indonesia's oil minister said on Tuesday that if talks with Exxon Mobil over the Natuna D-Alpha gas field fail, the government could either give the project to state oil firm Pertamina or reopen bidding. Last month, an official at...

>BHP farms into Falkland Acreage.(International)(BHP Billiton Group)(Brief article)
October 3, 2007... Australia's BHP Billiton has snapped up a 40% operating interest in 14 exploration and production licenses offshore the Falkland Islands in the South Atlantic in a deal with UK junior Falkland Oil and Gas (FOGL). From January 2008 BHP will...

Stock market scorecard.(Statistical table)
October 3, 2007... Integrated Close 1-Day % Chg. Majors 10/2 Chg. % Chg. 10-Day 52-Wk YTD Repsol YPF 35.60 -0.06 -0.17% +5.45% +19.34% +3.19% Marathon 57.41 -0.13 -0.23 +1.74...

Angola's Plutonio starts up.(International)(Brief article)
October 3, 2007... BP has started its first operated asset in Angola, announcing Tuesday that the Greater Plutonio development began producing oil on Oct. 1. The long-awaited project on offshore Block 18, in which the UK-based supermajor has a 50% interest,...

Nexen works on buzzard.(International)(Brief article)
October 3, 2007... Nexen has asked the UK government for approval to install additional oil treatment facilities at its Buzzard oil installation in the North Sea. Essentially, the company is seeking approval to build an additional offshore platform. The...

Petrobras may buy Exxon assets.(Latin America)(Petroleo Brasileiro S.A.)(Exxon Mobil Corp.)(Brief article)
October 3, 2007... Petrobras is considering forming a consortium to buy Exxon Mobil's downstream assets in South America, Brazil's Gazeta Mercantil newspaper reported on Monday. According to recent news reports, Exxon Mobil wants to sell its downstream...

Sempra wins arbitration award.(Latin America)(Sempra Energy)(Brief article)
October 3, 2007... Sempra Energy said Tuesday it has won an international arbitration award worth $172 million against the government of Argentina for a decline in value of its stakes in two natural gas holding companies. The dispute concerned Sempra's 43%...

Fluor wins Pemex contracts.(Latin America)(ICA Fluor Daniel)(Brief article)
October 3, 2007... ICA Fluor, the industrial engineering company jointly owned by Fluor and Empresas ICA, has signed two contracts for the design and construction of two lightweight offshore platforms that will be put to work in Mexican waters in the Gulf of...

Baseline acquires Texas assets.(Mergers & Acquisitions)(Baseline Oil and Gas)(DSX Energy Limited)(Kebo Oil and Gas)(Brief article)
October 3, 2007... Baseline Oil and Gas said Tuesday it has acquired producing oil and natural gas properties in South Texas from DSX Energy Limited, Kebo Oil and Gas and 25 other related parties for an estimated $96.6 million, effective June 1, 2007. The...

Independence gas hub ramps up.(Natural Gas)(Enterprise Products Partners L.P.)(Brief article)
October 3, 2007... Enterprise Products Partners said Tuesday production through the Independence Hub natural gas platform in the Gulf of Mexico has reached 440 MMcf/d from nine wells. By the end of this year production is expected to reach full capacity of 1...

Rockies NGL pipeline expanded.(Pipelines)(Brief article)
October 3, 2007... Enterprise Products Partners said Tuesday it has placed into service the remaining part of its 50,000 b/d expansion of the Rocky Mountain portion of the partnership's Mid-America Pipeline system. The project involved installation of new...

Valero restarts refinery.(Refining)(Valero Energy Corp.)(Brief article)
October 3, 2007... Valero Energy said Tuesday its 90,000 b/d oil refinery in Houston had returned to normal operations after a brief power outage on Monday knocked out the crude unit. "There was no material impact to production; the power outage was brief,...

EnCana gets approval to develop Deep Panuke.
October 4, 2007... Almost a decade after a predecessor company discovered natural gas beneath the waters offshore Nova Scotia, EnCana has won Canadian government approval to proceed with development of the Deep Panuke field. Representatives of the provincial...

Shell leads charge at huge Gulf lease sale.(Royal Dutch Shell)
October 4, 2007... Record oil prices and a surge in the number of blocks on offer helped drive the second most successful Gulf of Mexico lease sale ever, as Central Gulf Sale 205 hauled in a staggering $2.9 billion in high bids. Analysts predicted the sale,...

Global oil demand continues to increase, even as prices hit $80.(Statistical data)
October 4, 2007... World oil demand faced its first psychological challenge at $80 per barrel oil in September and it more than passed the test, growing at a year-on-year rate of 1.7%. According to preliminary data from Oil Daily sister publication, Oil Market...

Crude dips below $80 on unexpected rise in US oil stocks.(Statistical data)
October 4, 2007... Oil prices slipped slightly Wednesday on an unexpected increase in US crude inventories and a strengthening dollar. The weekly petroleum report from the Energy Information Administration (EIA), closely watched by traders, was a mixed bag for...

Daily oil & gas price review prices for wednesday, October 3, 2007.(Statistical table)
October 4, 2007... US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -0.42 73.88 74.99 70.35 LLS (St.James) -0.57 80.03 81.22 76.25 ANS (California) ...

EIA weekly statistics for week ended september 28, 2007.(Statistical data)
October 4, 2007... US Crude Oil: Stocks (1) (millions of bbl) Current Week Previous Week Chg. PADD 1 14.5 15.4 -5.8% PADD 2 64.7 64.5 0.3% Cushing, OK 18.4 18.1...

Lower refining margins expected to impact Conoco's quarterly profit.(ConocoPhillips)(Financial report)
October 4, 2007... ConocoPhillips warned investors Wednesday that third-quarter refining margins fell sharply from the second quarter, which will lead to lower earnings in the just-ended period. The Houston-based oil major said in a quarterly interim update...

Delays start to creep into Qatar's huge gas export projects.
October 4, 2007... Delays are creeping into Qatar's gas export mega-projects, threatening the timely startup of the Qatargas-2 LNG scheme and putting back full production from the cross-border Dolphin project until the summer of 2008. According to a Qatari...

Petrobras agrees to renegotiate oil contract in Ecuador.(Petroleo Brasileiro S.A.)
October 4, 2007... Brazilian state oil company Petrobras has agreed to renegotiate its contract with the Ecuadorian government, Oil Minister Galo Chiriboga said Tuesday. Petrobras's decision follows national elections for a constituent assembly. Initial...

Farm bill backs renewables.(Alternatives)(Brief article)
October 4, 2007... The Senate Finance Committee is scheduled to mark up an agriculture tax package on Thursday that includes $2.4 billion worth of tax incentives for renewable energy. Sen. Max Baucus (D-Mont.), chairman of the committee, on Wednesday...

Talisman to cut spending.(Corporate News)(Talisman Energy)(Brief article)
October 4, 2007... Talisman Energy's former chief executive said on Wednesday the company will likely cut about C$500 million (US$502 million) from its capital spending in Alberta if a panel's recommendations to boost royalties and taxes in the western Canadian...

Teppco expands cushing storage.(Corporate News)(TEPPCO Partners L.P.)(Brief article)
October 4, 2007... Teppco Partners on Wednesday said oil storage capacity at its Cushing, Oklahoma facility rose by nearly 50% after it placed three new crude oil storage tanks into service. The facility now has a storage capacity of 2.8 million barrels. The...

Alaska output eases in september.(Exploration & Production)(Brief article)(Statistical data)
October 4, 2007... Alaska produced about 9,000 b/d less crude oil in September than in August as a result of maintenance work at BP's North-star field in the middle of the month and at the Lisburne Production Center at the end of the month. Output of 663,800...

Stock market scorecard.(Statistical table)
October 4, 2007... Integrated Close 1-Day % Chg Majors 10/3 Chg. % Chg. 10-Day 52-Wk YTD Hess 64.90 -0.37 -0.57% -1.68% +58.56% 30.93% Repsol YPF 35.31 -0.29 -0.81...

TXCO, EnCana in shale deal.(Exploration & Production)(TXCO Resources)(Brief article)
October 4, 2007... TXCO Resources said it has entered into an agreement with a subsidiary of En-Cana to carry out exploration drilling on EnCana's Maverick Basin acreage in Southwest Texas. San Antonio-based TXCO, formerly known as The Exploration Company,...

Kazakhstan fines Chevron.(International)(Brief article)
October 4, 2007... Kazakhstan slapped a fine of more than half a billion dollars on an oil venture run by Chevron on Wednesday. Kazakh Ecology Minister Nurlan Iskakov said the government imposed a $609 million fine on the Chevron-led Tengizchevroil (TCO) oil...

Argentina blasts Falklands deal.(International)(Falkland Oil and Gas)(Brief article)
October 4, 2007... Argentina says it will complain officially to the UK government over an upstream deal, announced Tuesday, in which the UK's Falkland Oil and Gas (FOGL) is farming out part of its acreage off the Falkland Islands to Australia's BHP Billiton (OD...

Venezuela to supply Portugal.(Latin America)(Brief article)
October 4, 2007... Venezuela plans to supply Portugal with 30% of its oil needs, following an agreement signed Tuesday between the two countries. Under the agreement, Venezuela will start exporting its heavy crude to refineries in Portugal. Energy Minister...

Conoco touts fuel efficiency.(Legislation/Regulation)(Brief article)
October 4, 2007... ConocoPhillips CEO Jim Mulva said the US should consider a surcharge on less fuel-efficient vehicles and a rebate on more fuel-efficient models, Dow Jones reported Wednesday. The auto industry has traditionally opposed this measure, often...