The Oil Daily articles from October 2008

The Oil Daily archives from October 2008

Schlumberger sees strong upstream activity.(Schlumberger Oilfield Services)
October 1, 2008... Andrew Gould, chief executive of oilfield services giant Schlumberger, said Tuesday that he expects exploration activity within the oil and natural gas industry to remain strong over the next several years. But Gould also acknowledged that...

Downward revisions of oil demand continue.
October 1, 2008... The string of massive downward revisions to US oil demand continued in July, with the federal government again reducing estimated oil demand for the month by more than 700,000 barrels per day. According to the latest edition of Petroleum...

Lingering damage still Hampers US Gulf Coast energy operations.
October 1, 2008... Lingering damage from hurricanes Gustav and Ike continues to plague the oil and natural gas industry along the US Gulf Coast. The US Minerals Management Service (MMS) reported just over half of offshore oil and natural gas production...

Crude futures stage partial recovery after massive sell-Off.(Brief article)
October 1, 2008... Nymex crude futures staged a partial recovery on Tuesday from Monday's record $10.52 loss, clawing their way back above $100 on speculation that the US Congress will approve a financial bailout package when another vote is held later this week....

Daily oil & gas price review.(Statistical table)
October 1, 2008... Daily Oil & Gas Price Review Prices For Tuesday, September 30, 2008 US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +6.67 99.87 102.01 107.83 LLS (St....

Some concerns in Norway as StatoilHydro celebrates first birthday.
October 1, 2008... As it celebrates its first birthday today, StatoilHydro can look back on the past year with mixed feelings. Since formally coming into being on Oct. 1, 2007, Norway's new energy champion has had a number of successes. It scored a major coup...

Egypt's Egas tempts bidders with seven Mediterranean blocks.(Egyptian Natural Gas Holding Co.)
October 1, 2008... State-owned Egyptian Natural Gas Holding Co. (Egas) has launched its first bid round in over two years, offering seven blocks in the Mediterranean Sea (OD Aug.13,p7). The blocks are being tendered with the country's new ceiling prices for gas...

Japan's crude imports dip.(Brief article)
October 1, 2008... Japan's crude oil imports averaged 4.13 million b/d in August, down 1.2% year-on-year, according to the latest statistics released Tuesday Top supplier Saudi Arabia provided 1.02 million b/d, up 2.9% from August 2007, while supplies from...

Bolivia's YPFB to resume drilling after disruption by protests.(Yacimientos Petroliferos Fiscales Bolivianos)
October 1, 2008... Bolivia's state-owned oil company Yacimientos Petroliferos Fiscales de Bolivia (YPFB) is set to resume drilling for natural gas in October, after delays caused by violent protests against the government's decision to redistribute hydrocarbon...

Eni firms up asset swaps with Gazprom.
October 1, 2008... Already partners in two international gas pipeline projects, Russia's Gazprom and Italy's Eni are now advancing with plans to swap assets. Eni said Monday that its chief executive, Paolo Scaroni, and Gazprom Chairman Alex-ei Miller had...

Shell starts up curlew field.(Royal Dutch-Shell PLC)(Brief article)
October 1, 2008... Royal Dutch Shell said Tuesday it has started oil and gas production in the Curlew C field, marking the Anglo-Dutch supermajor's fourth upstream development in the UK North Sea this year. Curlew C, in Block 29/7 in the central North Sea,...

Anadarko strikes oil in Brazil.(Top Brief)(Anadarko Petroleum Corp.)(Brief article)
October 1, 2008... Anadarko Petroleum confirmed Tuesday that it has made a sub-salt oil discovery offshore Brazil at its Wahoo prospect in the Campos Basin. The 1-APL-1-ESS well is located on block BM-C-30 in approximately 4,650 feet of water. The new find...

EnCana names spinoff Cenovus.(Corporate News)(Brief article)
October 1, 2008... EnCana has selected Cenovus Energy as the name for the new integrated oil unit it is spinning off as a stand-alone oil sands production and refining business. The name comes from the Latin words for century and new. "The name Cenovus...

Emission credits auctioned.(Environment)(Brief article)
October 1, 2008... The Regional Greenhouse Gas Initiative (RGGI) program on the East Coast sold $38.5 million worth of greenhouse gas emission credits at the first cap-and-trade auction in the US. The results of the auction, which were released Monday, raised...

Stock market scorecard.(Latin America)(Statistical table)
October 1, 2008... Stock Market Scorecard Integrated Close 1-Day % Chg. Majors 9/30 Chg. % Chg. 10-Day 52-Wk YTD Statoil 23.80 +1.95 +8.92% +0.98% -29.83% -22.02% Hess ...

Firms study Qatar gas data.(International)(Qatar Petroleum Corp.)(Brief article)
October 1, 2008... International firms are evaluating data packages released by Qatar Petroleum (QP) for four gas exploration blocks ahead of sub- mitting bids, industry sources tell Oil Daily (OD May.15,p1). The blocks are the first to target non-associated...

BP Azeri output down.(International)(British Petroleum Company PLC)(Brief article)
October 1, 2008... Oil production from the BP-operated Azeri-Chirag-Guneshli (ACG) field in Azerbaijan remains about 60% below its recent peak because of a safety incident at an offshore platform, industry sources said Tuesday. The Central Azeri platform was...

Mexico refining talks falter.(Latin America)(Brief article)
October 1, 2008... Talks have broken down between Mexico's ruling party and key centrist lawmakers over how to boost oil refining and cut costly fuel imports, senators said. The opposition Institutional Revolutionary Party (PRI), has rejected the...

Colonial pipeline flow restored.(Pipelines)(Brief article)
October 1, 2008... Colonial Pipeline said on Tuesday that its flow rates for gasoline deliveries were back to the same levels that were in effect before hurricanes Gustav and Ike hit the Gulf Coast refining region earlier this month. After each of the...

Global wins Pemex pipe work.(Pipelines)(Global Industries Ltd.)(Petroleos Mexicanos)(Brief article)
October 1, 2008... Global Industries has been awarded a project by Mexico's state oil company Pemex for pipeline work in the Ixtal Field in the Bay of Campeche. The project, worth $75 million, is scheduled to begin in October and be completed by the end of...

Gas producers commit to Fayetteville pipeline.(Kinder Morgan Energy Partners L.P.)(Energy Transfer Partners)
October 2, 2008... Kinder Morgan Energy Partners and Energy Transfer Partners (ETP) said Wednesday they will build a new $1.3 billion, 187-mile pipeline to transport natural gas from the booming Fayetteville Shale natural gas play. The 2 billion cubic feet...

Tesoro sues California over ethanol mandate.(California. Air Resources Board)
October 2, 2008... Tesoro said Wednesday it has filed a lawsuit against the California Air Resources Board (CARB) to prevent the implementation of a new regulation that would mandate the addition of more crop-based ethanol to gasoline in California. The West...

Petrohawk cuts capex in response to gas prices, credit crunch.(PetroHawk Energy L.L.C.)
October 2, 2008... Petrohawk Energy said Wednesday it will cut its 2009 capital budget by a third in response to the downward trend in natural gas prices and the current credit crunch. It plans to reallocate its capital spending to focus on the emerging...

Nymex crude futures close below $100 as US inventories rise.
October 2, 2008... Crude oil futures retreated below $100 a barrel Wednesday after a US government report cemented concerns about eroding demand. Light, sweet crude for November delivery settled down $2.11 at $98.53 a barrel on the New York Mercantile...

Daily oil & gas price review.(Statistical table)
October 2, 2008... Daily Oil & Gas Price Review Prices for Wednesday, October 1, 2008 US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -3.53 96.34 100.39 106.99 LLS (St....

EIA weekly statistics.(Statistical table)
October 2, 2008... EIA Weekly Statistics For Week Ended September 26, 2008 US Crude Oil: Stocks (1) (millions of bbl) Current Week Previous Week Chg. PADD 1 12.5 12.8 -2.3% PADD 2 58.9 ...

Senate expected to pass bailout package, future in house uncertain.(United States. Congress. Senate)
October 2, 2008... The Senate was set to vote late Wednesday on a multibillion-dollar rescue plan for the US financial system. The bill was expected to sail through the Senate, but its future in the House is less certain. The Senate version of the...

Mexico's congress expected to approve weak energy reform bill.
October 2, 2008... As the window of opportunity closes for Mexican lawmakers to approve an energy reform bill this year, the debate in both the upper and lower chambers of congress drags on. Still, congress is likely to pass a weak energy bill by...

Brazil gives Petrobras greater access to government loans.(Petroleo Brasileiro S.A.)
October 2, 2008... As a global financial crisis is prompting banks everywhere to tighten lending terms, Brazil's Petrobras is aiming to develop what could be one of the costliest oil projects in the world. But while many international oil firms are suffering...

Financial turmoil leaves Russian energy firms short of credit.
October 2, 2008... The turmoil engulfing US and European financial markets has spread east to Russia, where oil and gas companies--even bankers' darling Gazprom--are finding it harder to secure the credit lines on which they have become so reliant in recent...

European refiners come under threat from mounting [CO.sub.2] costs.
October 2, 2008... European refiners could see their estimated [euro]2 billion ($3.6 billion) per year profits wiped out if they have to start paying for pollution permits under the European Union's Emissions Trading Scheme (ETS), European oil industry...

Norway invests in renewables.(Alternatives)(Brief article)
October 2, 2008... The Norwegian government is pushing its green credentials with a pledge to inject $3.4 billion into the country's renewable energy vehicle Enova in 2009. The multibillion-dollar investment was promised by Norwegian Prime Minister Jens...

Swift ramps up in Louisiana.(Exploration & Production)(Swift Energy Co.)(Brief article)
October 2, 2008... Swift Energy said production at its Lake Washington field in Plaquemines Parish, Louisiana, has been restored to 85% of pre-storm levels. It is expected to reach pre-storm production levels later this week. All operated production has been...

Almost 60% of US Gulf oil out.(Exploration & Production)(Brief article)
October 2, 2008... About 58.8% of crude oil and 47.7% of natural gas production from the US Gulf of Mexico was still shut in as a result of hurricanes Gustav and Ike on Wednesday, the US Minerals Management Service (MMS) reported. The MMS said operators had...

Pemex places Samurai bond.(Finance)(Petroleos Mexicanos)(Brief article)
October 2, 2008... Mexico's state oil company Pemex said on Tuesday it had successfully placed a $600 million bond issue on the Japanese market. Funds from the 64 billion yen bond, which is guaranteed by Japanese government export finance agency Nippon Export...

Stock market scorecard.(Statistical table)
October 2, 2008... Stock Market Scorecard Integrated Close 1-Day % Chg. Majors 10/1 Chg. % Chg. 10-Day 52-Wk YTD Exxon Mobil 78.58 +0.92 +1.18% +2.81% -15.48% -16.13% Shell-B ...

PNG LNG stake may cost $1.2B.(International)(Papua New Guinea)(liquefied natural gas)(Exxon Mobil Corp.)(Brief article)
October 2, 2008... Papua New Guinea (PNG) will pay roughly US$1.2 billion in cash for its 19.4% equity stake in a planned Exxon Mobil-led LNG project, PNG's The National newspaper quoted Prime Minister Michael Somare as saying this week. A spokesman for the...

BG delineates Jordbaer find.(International)(BG Group PLC)(Brief article)
October 2, 2008... UK-based BG is wrapping up drilling of an appraisal well to delineate the 34/3-1 S (Jord-baer) oil discovery in the North Sea, the Norwegian Petroleum Directorate said Wednesday. BG drilled the 34/3-1 A appraisal well to a depth of 3,974...

Anadarko wins Liberia license.(International)(Anadarko Petroleum Corp.)(Hong Kong Tongtai Petroleum)(Brief article)
October 2, 2008... Anadarko Petroleum and Hong Kong Tongtai Petroleum have been awarded contracts to explore for oil offshore Liberia, the West African country's state oil firm said on Wednesday. Liberia's infrastructure was ruined by a civil war that ended...

BP to pull out of Kazakhstan.(International)(British Petroleum Company PLC)(Brief article)
October 2, 2008... BP has finally decided to shed its three minority stakes in Kazakhstan, ending a long but low-key relationship with the Central Asian giant. Up for sale are both of BP's interests in the Caspian Pipeline Consortium (CPC), along with its...

Pirates threaten gateway to Suez Canal.(International)
October 2, 2008... A surge in piracy off northern Somalia in the Gulf of Aden--a key oil shipping route leading to the Suez Canal--could have far-reaching consequences for international trade and a huge impact on crude oil and commodity prices, London-based think...

Forbes inks Mexico deal.(Latin America)(Forbes Energy Services)(Merco Ingenieria Industrial)(Brief article)
October 2, 2008... A joint venture between Forbes Energy Services and Merco Ingenieria Industrial has signed a contract with Pemex Exploration and Production to provide construction, workover and maintenance services on existing wells in Mexico. Forbes said...

Brussels fines 'Paraffin Mafia'.(Legislation/Regulation)(European Union. European Commission)(Brief article)
October 2, 2008... The European Commission has fined nine companies a total of [euro]676 million ($946 million) for operating a price-fixing "paraffin mafia." The nine--which include South Africa's Sasol, France's Total and US supermajor Exxon Mobil--were...

Motiva names new CEO.(Personnel)(appointment of Bob Pease as chief executive officer in Motiva Enterprises)(Brief article)
October 2, 2008... Motiva Enterprises, a US refining and marketing joint venture owned by Royal Dutch Shell and Saudi Aramco, has named Bob Pease as its new President and Chief Executive. Pease will replace Bill Welte when he retires on Nov. 1. Pease has...

Conoco appoints executives.(Personnel)(appointments)(Brief article)
October 2, 2008... ConocoPhillips on Wednesday named Chief Financial Officer John Carrig president and chief operating officer, an appointment that positions him as a likely successor to Chief Executive Officer Jim Mulva. Carrig's appointment was one of a...

Power back at Exxon Beaumont.(Refining)(ExxonMobil A/S)(Brief article)
October 2, 2008... Exxon Mobil said power and steam have been restored to its 348,000 b/d refinery in Beaumont, Texas with two lube producing units back on line after their shutdown ahead of Hurricane Ike. "Refinery restart plans are progressing...

Marathon sells retail stake.(Refining)(Marathon Oil Co.)(Brief article)
October 2, 2008... Marathon Oil on Tuesday said it plans to sell its 50% stake in the Pilot Travel Centers retail fuel business to Pilot Corp. for $700 million in cash as part of the company's review of its assets. Marathon joins other energy companies...

Marathon plant back up soon.(Refining)(Marathon Oil Co.)(Brief article)
October 2, 2008... Marathon Oil said its 76,000 b/d refinery in Texas City, Texas would be fully operational by the end of this week. The refinery was shut down ahead of Hurricane Ike and sustained some damage from the storm. A spokeswoman for the...

Mexico"s gasoline imports to rise next year.
October 3, 2008... Mexico"s gasoline imports are expected to rise by 5.4% next year, putting further strain on the central government"s budget, which is expected to take a hit from lower oil export revenues. Mexico will import an average of 390,000 barrels...

Bailout sails through Senate, heads for House.(United States. Congress. Senate)
October 3, 2008... A controversial plan to rescue the struggling US financial sector is headed for a crucial vote in the House of Representatives after being approved by the Senate late on Wednesday. Over the last week, global stock markets and crude oil...

BP making good progress in search for new TNK-BP Chief Executive.
October 3, 2008... The search for a new head for TNK-BP is making good progress after BP Chief Executive Tony Hayward this week assured his Russian partners in the joint venture that a candidate should be "selected" by the end of November but would not...

Valero FCC down for weeks.(Valero Energy Corp.)(fluid catalytic cracking)(Brief article)
October 3, 2008... Valero Energy said Thursday it expects work on the gasoline-making fluid catalytic cracking unit at its 130,000 b/d refinery in Houston, Texas to last for three weeks. The unit was shut down on Tuesday for repairs after problems with the...

Crude extends losses on growing financial and economic fears.(Brief article)
October 3, 2008... Crude prices extended their recent losses Thursday as mounting financial and economic fears sent the euro plummeting and fueled concerns that global oil demand will also take a hit. The dollar had strengthened by about 3 cents against the...

Daily oil & gas price review.(Statistical table)
October 3, 2008... aily Oil & Gas Price Review Prices for Thursday, October 2, 2008US Domestic Crudes ($/barrel)Cash/Spot Change Spot Price 5-Day Avg. Month-AgoWTS (Midland) -4.69 91.65 97.15 105.26LLS (St. James) -4.69 96.60 ...

Qatar LNG delays leave UK waiting for cargoes at welsh terminal.(Qatar Liquefied Gas Company Ltd.)(liquefied natural gas)
October 3, 2008... The twin challenges of a stretched contracting market that is pushing back oil and gas projects worldwide, plus the daunting task of starting up the world"s largest LNG train, mean further delays could dog Qatargas" plans to send first...

Controversy mounts in Indonesia over pricing of LNG exports.(liquefied natural gas)
October 3, 2008... Controversy is mounting in Indonesia over the price that Jakarta plans to charge customers for LNG from upcoming projects, amid accusations that the government is shortchanging the public. With opposition politicians already protesting...

Conoco reports flat output.(Corporate News)(ConocoPhillips)(Brief article)
October 3, 2008... ConocoPhillips, the third-largest US oil company, on Thursday said oil and natural gas production in the third quarter was flat to slightly lower than in the second quarter, as hurricane-related disruptions trimmed output. The...

SandRidge cuts spending.(Corporate News)(SandRidge Energy)(Brief article)
October 3, 2008... Oil and gas prodcer SandRidge Energy slashed its 2009 capital expenditure budget by half and cut its production outlook, citing recent declines in natural gas prices. It also said it plans to sell some assets. The news follows similar...

EIA gas storage report.(Statistical data)
October 3, 2008... Gas in Storage Rises by 87 Bcf Stocks of working natural gas in US storage facilities rose by 87 Bcf in the week ending Sep. 26, leaving storage levels at 3,110 Bcf, according to the Energy Information Administration. Gas in storage is 137...

Alaska output bounces back.(Exploration & Production)(Brief article)
October 3, 2008... Alaskan crude production bounced back strongly from August pipeline and field maintenance, helping to offset some of the recent outages in the US Gulf of Mexico, according to data from the state"s Department of Revenue Tax Division. ...

55% of US Gulf oil still out.(Exploration & Production)(Brief article)
October 3, 2008... About 55% of crude oil output and 46.1% of natural gas production from the US Gulf of Mexico was still shut in on Thursday as a result of hurricanes Gustav and Ike, the US Minerals Management Service (MMS) reported. Oil output of 714,500...

Stock market scorecard.(Statistical table)
October 3, 2008... tock Market ScorecardIntegrated Close 1-Day % Chg.Majors 10/2 Chg. % Chg. 10-Day 52-Wk YTDExxon Mobil 77.50 -1.08 -1.37% +2.95% -16.27% -17.28%Chevron 79.56 -2.64 -3.21...

Chinese firms eye Angola stake.(International)(China National Offshore Oil Corp.)(China Petroleum and Chemical Corp.)(Marathon Oil Co.)(Brief article)
October 3, 2008... Chinese oil firms Sinopec and CNOOC are closing in on buying a stake in an Angolan oil field that is being sold by US firm Marathon Oil, a source with knowledge of the bidding said on Thursday. "(The two companies) are probably preferred...

Inpex integrates Teikoku.(International)(Inpex Holdings)(Brief article)
October 3, 2008... Japanese explorer Inpex Holdings says it renamed its holding company Inpex Corp. on Oct. 1 after fully integrating Teikoku Oil into its operations. Inpex took over Teikoku in 2006, expanding its global portfolio beyond Asia to Latin...

Cosmo adds Qatar acreage.(International)(Cosmo Oil Co.)(Wintershall AG)(Brief article)
October 3, 2008... Japanese refiner Cosmo Oil has won a 29.5% stake in Qatar"s offshore Block 11. Germany"s Wintershall, which operates the block, will have 41%, with US firm Anadarko holding the remainder. The partners recently completed drilling an...

Shell eyes Russian buy.(International)(Royal Dutch-Shell PLC)(Taas-Yuryakh Neftegasdobycha)(Brief article)
October 3, 2008... Royal Dutch Shell is negotiating to buy 50% of Russian independent Taas-Yuryakh Neftegasdobycha (TYN), which plans to produce 120,000 b/d by 2015 from its East Siberian Middle Botuobinsk field, the Russian business daily Kommersant said...

Ultimatum to Nigerian rebels.(International)(Brief article)
October 3, 2008... State governors in Nigeria"s Niger Delta have told militants to lay down their weapons to allow sustainable development plans to move ahead. They have also vowed to take a zero-tolerance approach to violence. In Rivers state--where rebels...

Chesapeake buys Exxon Barnett shale assets.(Harding Energy Partners)
October 3, 2008... Dallas-based Harding Energy Partners said Thursday it had acquired--and then sold--all of the rights to a package of Barnett Shale assets that it had held in a joint venture partnership with Exxon Mobil. The partnership between Harding and...

Rubiales scores in Colombia.(Latin America)(Brief article)
October 3, 2008... Pacific Rubiales said the latest exploratory well it has drilled in the Llanos Basin of Colombia was a success. The RUB-147 well was drilled in the northwestern part of the Rubiales Block in the "Buffer Zone," which is a 5 km strip that...

Rowan wins rig contracts.(Offshore)(Rowan Companies Inc.)(Brief article)
October 3, 2008... Rowan Companies said it has received a letter of intent from Shell Egypt to contract the new Tarzan Class jack-up, J. P. Bussell to drill two wells. Revenues generated by the work are estimated at $111 million. The two wells will take...

Crude market shrugs Off $700 billion bailout.
October 6, 2008... The gloomy outlook for the economy is currently dominating sentiment in the oil market, pushing the Nymex front-month crude contract to a loss of $13 last week. Against this backdrop, the market barely blinked when the House of...

Credit crunch could usher in consolidation.
October 6, 2008... The current banking crisis and credit crunch could usher in a tumultuous period of reorganization for the hundreds of small independent producers that comprise the lower ranks of the oil and gas industry. Small independents rely heavily on...

US chamber of commerce favors 'all of the above' energy policy.
October 6, 2008... The influential US Chamber of Commerce unveiled its comprehensive energy plan last week which closely resembled the "all of the above" strategy that Republicans in Congress and their presidential candidate John McCain have been promoting...

Biofuels falter as industry comes under fire over food prices.
October 6, 2008... Second-generation biofuels development needs to speed up as political and economic pressures mount on first-generation projects, according to a report released Friday. The link between biofuel growth and higher food prices has sapped...

Daily oil & gas price review.(Statistical table)
October 6, 2008... US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -1.08 90.57 94.33 103.94 LLS (St. James) -1.08 95.52 99.18 109.19 ANS (California) ...

Natural gas futures show some stability, as stocks and crude post heavy losses.
October 6, 2008... Talk about markets in disarray. Last week's see-saw stock market was definitely an influence on oscillating energy prices. But in the midst of the wild volatility, natural gas futures managed to find a degree of stability. Still, the unknown...

Baker Hughes drilling report.(Statistical data)
October 6, 2008... Rig Count Falls by 16 The number of drilling rigs searching for oil and gas in the US fell by 16 last week to 1,979, Baker Hughes said. During the same week last year, there were 1,755 rigs at work. The number of rigs searching for oil...

Carmakers fall far short of proposed European emissions limits.(European Union. European Parliament)
October 6, 2008... With the European Parliament due to make limits on vehicle carbon dioxide emissions mandatory later this month, new data show just how far carmakers still have to go to meet the proposed 130 grams per kilometer target by 2012 (OD Sep.29,p5)....

Work at Sakhalin-2 proceeding smoothly since Gazprom Takeover.(OAO Gazprom)
October 6, 2008... Since Russian gas giant Gazprom took a controlling stake in the massive Sakhalin-2 oil and gas development offshore the Russian Far East 18 months ago, work has gone a lot more smoothly. The project enters its final phase of LNG...

No shell buyout of regal.(International)(Regal Petroleum Ltd.)(Royal Dutch-Shell PLC)(Brief article)
October 6, 2008... UK-listed Regal Petroleum on Friday denied reports it had received a $1.2 billion buyout offer from Anglo-Dutch supermajor Royal Dutch Shell, which at one stage last year expressed interest in acquiring Regal's primary assets in Ukraine. ...

Japan renews LNG deals.(International)(North West Shelf Venture)(liquefied natural gas)(Brief article)
October 6, 2008... Japan's Tokyo Gas has agreed to renew its LNG supply deal with Australia's North West Shelf (NWS) venture, meaning that all but one of NWS's eight Japanese foundation customers have now signed contract extensions. Tokyo Gas and marketers...

Greek firm makes egypt find.(International)(Vegas Oil and Gas)(Brief article)
October 6, 2008... Greek independent Vegas Oil and Gas has flowed oil and gas at sustained rates of 3,388 b/d and 4.25 MMcf/d at its Al Amir SE-1 sidetrack well, drilled in the North West Gemsa concession onshore Egypt, its Irish and UK partners announced on...

Norway draws 47 bidders.(International)(Brief article)
October 6, 2008... Norway has received applications from 47 companies for its Awards in Predefined Areas (APA) 2008 licensing round, for which it aims to award new production licenses in early 2009. That's two more than the 45 that applied for its APA 2007 round...

Stock market scorecard.(Statistical table)
October 6, 2008... Stock Market Scorecard Integrated Close 1-Day % Chg. Majors 10/3 Chg. % Chg. 10-Day 52-Wk YTD Hess 72.00 +2.94 +4.26% -14.90% +7.27% -28.61% Statoil ...