The Oil Daily articles from September 2006

The Oil Daily archives from September 2006

California sets greenhouse gas caps.(global warming and air pollution control)
September 1, 2006... California is taking a giant step forward to combat global warming by requiring refineries, power plants and other industrial facilities to cap greenhouse gas emissions. Republican Governor Arnold Schwarzenegger struck a deal with the...

Kaskida find gives needed boost to BP.(British Petroleum Company PLC reports of a big oil discovery)
September 1, 2006... In dire need of some good news, BP has made what looks to be a big oil discovery in the deepwater Gulf of Mexico. The beleaguered supermajor announced Thursday that a well on the Kaskida prospect in the rarely drilled Keathley Canyon area...

Petroecuador seeks state funds to pay contractor debts.
September 1, 2006... Ecuador's state-owned oil company, Petroecuador, says it is in talks with the Economy Ministry to secure close to $550 million it needs to pay down debt and purchase more expensive fuel imports. The request comes at a time when Ecuador is...

Nymex crude edges higher on Iran nuclear report.(New York Mercantile Exchange )(Brief article)
September 1, 2006... Crude futures on the New York Mercantile Exchange (Nymex) hardly moved on Thursday. The front-month contract settled up just slightly, as traders weighed the market being well supplied against an International Atomic Energy Agency (IAEA) report...

Daily oil & gas price review: prices for Thursday, August 31, 2006.(Statistical table)
September 1, 2006... Crude Oil [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price WTS (Midland) -0.13 65.82 LLS (St. James) -0.13 71.47 ANS (California) +0.18...

Canadian minister calls for streamlined project review process.(Brendan Bell)
September 1, 2006... A call by Northwest Territories Industry Minister Brendan Bell to streamline Canada's process for approving resource development projects is gaining support among the country's federal and provincial energy ministers. Bell was critical...

Chevron, Sonangol award Angola field service contracts.(Chevron Corp. signs contract with Daewoo Shipbuilding and Marine Engineering Company Ltd.)(Sociedade Nacional de Combustiveis de Angola signs contract with Aker Kvaerner ASA)
September 1, 2006... Chevron is gearing up for its next major Angolan oilfield development after awarding a $1.27 billion contract to Daewoo Shipbuilding and Marine Engineering Co. to build the world's biggest drilling and production platform by May 2009. ...

Prices, output growth lift majors' profits.(Profit Profile)
September 1, 2006... There appears to be no ceiling as to how high oil company profits can climb. In the second quarter, the integrated oil sector posted record net income of $35.7 billion, a 33% rise from the second quarter of 2005. That staggering second-quarter...

Profits soar but refiners fear rising costs.
September 1, 2006... Independent refiners are still raking in the money because of persistently high margins. But it might not be enough. Rising costs are getting in the way of expansions and upgrades. Strong margins were expected to bankroll expansions and...

Producers post higher earnings despite softer gas market.
September 1, 2006... Independent oil and gas producers posted strong earnings for the second quarter of this year thanks to record oil prices and savvy hedges that offset the impact of softer gas prices. A sampling of 10 large North American independents showed...

Chemicals profits rise, but high costs hurt bottom line.(Profit Profile)
September 1, 2006... Chemicals earnings rebounded in the second quarter, with the group posting a collective net income of $1.6 billion, a 12% rise from the second quarter of 2005. The five companies with chemicals divisions tracked by Oil Daily--Exxon Mobil,...

Integrated oil companies.(sales and earnings)(Statistical table)
September 1, 2006... Integrated Oil Companies (millions of dollars, except per-share, production, and product sales figures) Overall Results Adjusted ...

Independent oil & gas producers.(industry sales and earnings)(Statistical table)
September 1, 2006... Independent Oil & Gas Producers (millions of dollars, except per-share and production figures) Adjusted Income Net Income Second Quarter 2006 %Chg. 2006 ...

Independent refiners & marketers.(industry sales and earnings)(Statistical table)
September 1, 2006... Independent Refiners & Marketers (millions of dollars, except per-share and product sales figures) Adjusted Income Net Income Second Quarter 2006 %Chg. 2006 ...

BP mulls Prudhoe restart.(British Petroleum Company PLC plans to restart oil production in Alaska oil fields)(Brief article)
September 1, 2006... BP is aiming to partially restart oil production at the eastern half of the giant Prudhoe Bay oil field in Alaska by the end of September, sources familiar with the company's plans said on Thursday. The plans for a partial restart call for...

Gas in storage rises 48 Bcf.(natural gas inventory data)(Brief article)
September 1, 2006... Stocks of working natural gas in US storage facilities rose 48 Bcf for the week ended Aug. 25, leaving storage levels at 2,905 Bcf, according to the Energy Information Administration (EIA). Gas stocks are 280 Bcf higher than last year at...

DOT proposes new pipe rules.(Department of Transportation's Pipeline and Hazardous Materials Safety Administration)(low-pressure oil pipelines regulation )(Brief article)
September 1, 2006... The Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) on Thursday proposed new regulations for low-pressure oil pipelines like the ones that caused the partial shutdown of the US' largest oil field in...

Noble sets deepwater record.(Exploration & Production, Noble Corp.)(Brief article)
September 1, 2006... Noble Corp. announced Thursday that the company's semisubmersible drilling unit Noble Amos Runner has established a new world record for the deepest "conventionally moored rig" by mooring in 7,650 feet of water in Green Canyon Block 955. ...

Stock market scorecard.(petroleum )(Statistical table)
September 1, 2006... Stock Market Scorecard Integrated Close 1-Day Majors 8/31 Chg. % Chg. Petro-Canada 42.72 +0.66 +1.57% Statoil 27.03 +0.22 +0.82 Norsk Hydro...

Chad to review all contracts.(International)
September 1, 2006... Chad will review all of its oil exploration and production contracts to ensure that it gains a share of the output following President Idriss Deby's decision to rewrite the contractual terms relating to the Doba consortium, a presidential aide...

Venezuela 'concerns' Exxon.(Latin America)
September 1, 2006... Exxon Mobil is "concerned" about Venezuela's decision to unilaterally change the fiscal terms on the Cerro Negro heavy oil project, the company said on Wednesday. Venezuela's Congress on Tuesday approved an income tax hike on upstream oil...

Quantum adds Barnett wells.(Quantum Energy acquires Nitro Petroleum's assets in a oil shale)(Brief article)
September 1, 2006... Quantum Energy announced Thursday that it has entered into an agreement with Nitro Petroleum to acquire one half of Nitro's interest in a six well Barnett Shale project. The wells are currently being drilled, completed, or in production in...

Woodside opens EPL offer.(Mergers & Acquisitions, Woodside Petroleum)(Brief article)
September 1, 2006... A subsidiary of Australian independent Woodside Petroleum announced Thursday that it has commenced its all-cash US$23.00/share tender offer to acquire all of the outstanding shares of common stock of Gulf of Mexico producer Energy Partners Ltd....

TransMontaigne OKs deal.(Morgan Stanley Capital Group Inc. to acquire TransMontaigne Inc. )(Brief article)
September 1, 2006... Oil products marketer TransMontaigne on Thursday said its stockholders approved its acquisition by Morgan Stanley Capital Group in a deal worth approximately $634 million in cash, marking the official end of a prolonged bidding war between the...

EnCana clarifies Panuke plans.(Panuke gas field)(Brief article)
September 1, 2006... Engineering and geological analyses of the complex Deep Panuke gas field offshore Nova Scotia moved operator EnCana to dramatically revise the production scheme for the long-awaited project. The company said that studies showed a production...

Oil search mulls LNG plan.(Natural Gas Industry)(Brief article)
September 1, 2006... Australia's Oil Search Ltd., the biggest oil and gas producer in Papua New Guinea (PNG), Thursday signed a memorandum of understanding with BG Group to examine the feasibility of developing a plant in PNG to liquefy natural gas for export. ...

Rowan moves rigs to Mideast.(Rowan Drilling signs contract with Saudi Arabian Oil Co.)(Brief article)
September 1, 2006... Offshore driller Rowan is moving more rigs to the Mideast Gulf from the Gulf of Mexico, announcing Thursday that Saudi Aramco has signed four-year contracts for two Rowan jack-ups. The shallow-water rigs, which will be used for gas...

Syncrude unit restarts.(Syncrude Canada Ltd.'s refinery starts oil sands production)(Brief article)
September 1, 2006... Canadian Oil Sands Trust said on Thursday that an upgrading refinery at Syncrude Canada's Fort McMurray, Alberta, oil sands operations has been restarted. The trust, the largest shareholder in the Syncrude joint venture, said tar-like...

Congress puts focus on BP, offshore drilling.(BP America Inc.)
September 5, 2006... Congress reconvenes after a month-long summer recess Tuesday to scrutinize BP's pipeline problems and tackle the difficult issue of easing the existing offshore drilling ban. The production shutdown that followed BP's detection of a...

Major oil shares take beating in August.
September 5, 2006... Oil prices continue to hover around $70 per barrel, but when prices, at times, have approached $80 over the past few months, current oil prices seem low. As a result, shares of major oil companies and leading independent producers took a...

Petrobras restructures gas units.
September 5, 2006... Brazil's state-run oil firm Petrobras will restructure its gas transport units into a single entity, according to a report published Friday by local financial daily Valor Economico. Under the restructuring, Petrobras will unify a total of seven...

Crude drops sharply on week but supply risks lend support.(Statistical data)
September 5, 2006... Oil prices fell by almost 5% last week, the result of an improved supply picture and Tropical Storm Ernesto changing direction and not threatening the Gulf Coast. The US Energy Information Administration (EIA) reported builds in crude oil,...

Daily oil & gas price review: prices for Friday, September 1, 2006.(Statistical table)
September 5, 2006... Daily Oil & Gas Price Review Prices for Friday, September 1, 2006 Crude Oil [GRAPHICS OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) ...

Rising supplies, falling refining margins put damper on US spot crude market.(Statistical data)
September 5, 2006... The first anniversary of Hurricane Katrina passed without any supply problems last week after Tropical Storm Ernesto eased and veered away from US Gulf Coast production and refining facilities (OD Aug.29,p3). As a result, the Atlantic spot...

US rig count falls by 24.(Baker Hughes Drilling Report)(Statistical table)(Brief article)
September 5, 2006... The number of rigs searching for oil and gas in the US fell by 24 to 1,732 last week, Baker Hughes said Friday. During the same week last year, there were 1,447 rigs at work. The number of rigs searching for oil in the US fell by four to...

Natgas prices could fall further if fundamentals hold sway.(Statistical data)
September 5, 2006... In the face of overwhelming bearish fundamentals, Nymex October natural gas futures appear poised for additional weakness this week. However, with traders taking on increasingly large short positions, it's just as likely that prices could spike...

Federal regulators tighten rules for low-pressure pipelines.
September 5, 2006... Federal regulators on Thursday proposed new rules to tighten oversight of low-pressure pipelines, including the type that caused the partial shutdown of the US' largest oil field, Alaska's Prudhoe Bay. But some watchdog groups say the new...

FBI probe could deal death blow to Alaska gas pipeline.
September 5, 2006... Federal agents raided the offices of six Alaska legislators Thursday in search of documents showing that lawmakers accepted payments from the oil field services company VECO Corp. No arrests were made but FBI agents hauled documents out of...

Bolivia gets tax payments from Petrobras, Total and Repsol.(Petroleo Brasileiro S.A.)(Repsol YPF S.A.)
September 5, 2006... Three international majors operating in Bolivia paid the government Friday a total of $32.3 million in additional taxes, as part of the Andean nation's nationalization of its hydrocarbons industry, company sources told Oil Daily. Brazilian...

Stock market scorecard.(NEWS ALERT)(Statistical table)
September 5, 2006... Stock Market Scorecard Integrated Close 1-Day Majors 9/1 Chg. % Chg. Norsk Hydro 26.59 +0.59 +2.27% Petro-Canada 43.60 +0.88 +2.06 Marathon ...

Exxon tapped for Valdez cash.(Environment)(Exxon Mobil Corp decipline)(Brief article)
September 5, 2006... Supermajor Exxon Mobil faces $92 million in additional fines from the Exxon Valdez oil spill in Alaska's Prince William Sound and the Gulf of Alaska 17 years ago. State of Alaska and federal officials have sent Exxon a letter demanding it...

Canadian gas storage.(NEWS ALERT)(Statistical table)(Brief article)
September 5, 2006... Canadian Gas Storage Enerdata reported that the amount of natural gas in Canadian storage facilities rose 5.7 Bcf to 402 Bcf for the week ending Aug. 25. Storage caverns were 84.1% full, up from 82.9% the previous week and up from...

GlobalSantaFe loses lawsuit.(Litigation)(TransOcean Drilling A/S)(Brief article)
September 5, 2006... Offshore drilling contractor Transocean said on Thursday a US jury ruled in the company's favor and sustained the validity of its patents in an infringement action against driller GlobalSantaFe (OD Dec.5,p7). The finding, in the US...

Terra Nova restart delayed.(Offshore)(Petro-Canada Inc.)(Brief article)
September 5, 2006... The Terra Nova oil field will be shut down for an extra month because repairs to the floating production, storage and offloading vessel are taking longer than expected, Petro-Canada said on Friday. The 160,000 b/d field is expected to...

Transocean inks rig deals.(Oil & Gas Markets)(Brief article)
September 5, 2006... Norway's Statoil announced Friday that it will charter the Transocean Leader rig from oilfield services group Transocean for 30 months from end-2008 for 2.3 billion Norwegian crowns (US$365.4 million). "Transocean Leader will be used...

Teekay pushes for Petrojarl.(Oil & Gas Markets)(Brief article)
September 5, 2006... Tanker shipping group Teekay Shipping on Thursday said it had bought more than 40% of the shares of Petrojarl and intends to launch a mandatory bid for the remaining stake. It is the latest move in a bidding war for Petrojarl, a Norwegian...

Suncor begins Sarnia shutdown.(Refining)(Suncor Energy Inc.)(Brief article)
September 5, 2006... Suncor Energy has begun preliminary work to shut down its 70,000 b/d refinery in Sarnia, Ontario, for maintenance. The early work involves shutting down parts of the facility before full maintenance work begins this week, the company said...

Jack discovery marks milestone for US Gulf.(oil reserves in the deepwater Gulf of Mexico)
September 6, 2006... Chevron has opened the door to the development of billions of barrels of new oil reserves in the deepwater Gulf of Mexico with a successful production test at its Jack discovery. The closely watched test marks a major milestone in the emerging...

Hurdles too high for E85 to threaten gasoline.(National Ethanol Vehicle Coalition)
September 6, 2006... The vast cornfields that sweep across the American Midwest may appear endless, but the alluring prospect of meeting US motor fuel demand with corn grown in the heartland faces too many obstacles to be a viable strategy. Facilities are springing...

Whistleblower: BP playing 'Russian Roulette' with pipelines.(pipeline corrosion problems)
September 6, 2006... BP's pipeline corrosion problems on Alaska's North Slope are only the tip of the iceberg according to a retired oil broker turned industry gadfly. Chuck Hamel, who spoke Tuesday at the National Press Club, said the corrosion problems that led...

Crude futures fall as driving season comes to end.(New York Mercantile Exchange)(Brief article)
September 6, 2006... Crude and products futures came under pressure on Tuesday, and crude in New York fell to a three-month low on the back of easing concerns about supplies, with the summer driving season over after the US Labor Day holiday, Atlantic storms still...

Daily oil & gas price review: prices for Tuesday, September 5, 2005.(Light Sweet Futures)(Table)
September 6, 2006... Daily Oil & Gas Price Review Prices for Tuesday, September 5, 2006 Crude Oil [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) -0.60...

CGG bids for Veritas in seismic merger.(Compagnie Generale de Geophysique)
September 6, 2006... French oil-field services company Compagnie Generale de Geophysique (CGG) is set to purchase Houston-based Veritas DGC in a deal worth $3.1 billion, creating the world's largest seismic services business. The cash-and-stock deal will create...

Exxon pushes for Natuna gas sales after threat from Indonesia.(Exxon Mobil)
September 6, 2006... Exxon Mobil is trying to finalize natural gas sales from its Natuna acreage after Indonesia's energy minister warned that the government may reclaim the giant Natuna D-Alpha field when the US supermajor's contract expires in January. "We...

Cooling degree days: for the week of Sept. 2, 2006.(table)(Statistical table)
September 6, 2006... Cooling Degree Days For the week of Sept. 2, 2006 - Week Dev - From Week From Year Cum State/City (PADD) Total Norm...

Iraq resumes Kirkuk sales, makes progress on export target.(Basrah Loading Program for September 2006)
September 6, 2006... Iraq has resumed selling its Kirkuk crude after a two-month stoppage following an attack on the Kirkuk export pipeline in early July. On Sunday State Oil Marketing Organization (Somo) issued a tender for 6 million barrels of Kirkuk crude--the...

Forest ups output target.(Corporate News)
September 6, 2006... Forest Oil announced Tuesday an increase to 2006 production guidance, as well as an increase in 2006 capital expenditures. Forest last updated its 2006 guidance on Aug. 7. In connection with this increase in capital, Forest expects...

BP vows emissions support.(greenhouse gas emissions)(British Petroleum Company PLC)(Brief article)
September 6, 2006... BP announced it will work with California Governor Arnold Schwarzenegger to develop workable, market-based strategies for implementation of climate change legislation to reduce greenhouse gas emissions throughout California. Last week...

Uganda to start oil drilling.(exploration results by Australia-based Hardman Resources Ltd)(Brief article)
September 6, 2006... Uganda is expected to commence oil drilling by 2010 following recent exploration results by Australia-based Hardman Resources Ltd., Minister for Energy and Minerals Development Daudi Migereko told Dow Jones Newswires Tuesday. Migereko said...

Colombia inks E&P deals.(exploration and production oil contracts)(Sogomi Energy)(Canadian Petrominerales)(Brief article)
September 6, 2006... Colombia's National Hydrocarbon Agency (ANC) said Monday it signed two new exploration and production oil contracts in August as well as two technical contracts representing $7.5 million in investment in an effort to encourage the discovery of...

Stock market scorecard.(Statistical table)
September 6, 2006... Stock Market Scorecard Integrated Close 1-Day Majors 9/5 Chg. % Chg. Hess 47.45 +1.38 +3.00% Statoil 28.17 +0.66 +2.40 Chevron ...

Ecuador oil revenues jump.(Latin America)
September 6, 2006... Ecuador's oil export revenues totaled $4.12 billion between January and July of this year, a 47% increase compared to the $2.81 billion registered in the same period in 2005, according to the country's Central Bank in Quito. Revenues were...

Calderon declared president-elect.(legal battle over election fraud claims)(Brief article)
September 6, 2006... Ruling party conservative Felipe Calderon was finally declared Mexico's president-elect on Tuesday, ending a two-month legal battle over election fraud claims that has plunged the nation into crisis (OD Jul. 6, p4). Seven judges at...

Bush backs energy technology.(promoting new energy technologies)(Brief article)
September 6, 2006... Stating that US dependence on foreign oil "jeopardizes our capacity to grow," President Bush on Monday called for promoting new energy technologies aggressively. The US gets oil from some parts of the world that are hostile to it, Bush...

Basic acquires two rivals.(Reddline Services LLC)(Brief article)
September 6, 2006... Oilfield services company Basic Energy Services said Tuesday it acquired all of the outstanding stock of well servicing and fluid services provider Chapparal Services as well as the capital stock of rental and fishing tools services company...

Talisman to divest oil sands.(Mergers and Acquisitions)(Talisman Energy)(Brief article)
September 6, 2006... Talisman Energy announced Tuesday it will sell its holdings in Canada's oil sands region, a package of assets that includes undeveloped properties in northern Alberta and a small interest in Syncrude Canada Ltd. Talisman said TD Securities...

ICE reports record volume.(IntercontinentalExchange)(crude futures)(Brief article)
September 6, 2006... Electronic energy marketplace IntercontinentalExchange (ICE) reported record activity during the month of August. Average daily volume for ICE Futures, its London-based regulated futures subsidiary, totaled 406,037 contracts for an eighth...

Pioneer adds onshore rigs.(16 rig new-build program)(Brief article)
September 6, 2006... Pioneer Drilling Tuesday reported that the ninth rig of its 16 rig new-build program has been put to work under a two-year contract in its South Texas division. Pioneer President and Chief Executive Stacy Locke said the rig is a 1,000-hp...

Halliburton wins UAE job.(United Arab Emirates)(Brief article)
September 6, 2006... The Abu Dhabi Company for Onshore Oil Production (ADCO) announced Tuesday it has awarded Halliburton contracts valued at more than $70 million for cementing services, stimulation services and special tools. Under the three-year agreement,...

Petrobras closes Pasadena deal.(Refining)(Pasadena refinery)(Brief article)
September 6, 2006... Brazilian state controlled oil giant Petrobras announced Friday it completed the purchase of a 50% stake in the Pasadena refinery in Texas, the company said in a statement. Petrobras bought the interest in the 100,000 b/d refinery from...

Correction.(Correction notice)
September 6, 2006... Due to technical difficulties with data, Oil Daily published incorrect stock data on page 2 of the Sep. 5 edition (OD Sep. 5, p1). The correct data follows: Repsol YPF up 1.6% on month, down 2.4% YTD; Exxon Mobil down 0.1% on month, up 20.5%...

Anadarko holds enviable deepwater position.(offshore oil well drilling)
September 7, 2006... Anadarko has quite a few deepwater drilling rigs at its disposal, putting the Houston-based company in a position envied by many rivals. In what's become a tight rig market, particularly for deepwater drillships and semisubmersibles,...

Gulf find boosts case for drilling bill.
September 7, 2006... The new Gulf of Mexico oil discovery couldn't have come at a more opportune time for drilling proponents in Congress. Key Republicans in the Senate and House of Representatives are using the discovery to press for enacting legislation to expand...

EPA to announce new renewable fuel standards rules.(Environmental Protection Agency)
September 7, 2006... The administrator of the Environmental Protection Agency (EPA) will announce today new proposals for the Renewable Fuel Standard Program (RFS Program), according to an EPA official who spoke at a Senate hearing on Wednesday. The EPA is also...

Marathon workers end strike.(Marathon Oil Co. reaches to an agreement with International Brotherhood of Teamsters)(Brief article)
September 7, 2006... A Teamsters division announced Wednesday that more than 170 Marathon Oil workers at a St. Paul Park, Minn., refinery have agreed to a three-year labor contract following a seven-week strike. A Teamsters Local 120 spokesman said the labor...

Nymex crude falls to five-month low ahead of EIA data.(New York Mercantile Exchange, Energy Information Administration)(Brief article)
September 7, 2006... Crude futures fell more than $1 per barrel on Wednesday to a five-month low on profit taking ahead of Thursday's release of data that's expected to show a build for distillate inventories. Concerns about Atlantic storms and Iran have also...

Daily oil & gas price review: prices for Wednesday, September 6, 2006.(Statistical table)
September 7, 2006... Daily Oil & Gas Price Review Prices for Thursday, August 3, 2006 Crude Oil [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price WTS (Midland) -1.10 ...

BLM accused of violating environmental laws once again.(governor Bill Richardson questions Bureau of Land Management's land use practices)
September 7, 2006... The Bureau of Land Management (BLM) is again mired in accusations of violating environmental laws and mismanagement. On Wednesday, conservation groups and members of New Mexico Gov. Bill Richardson's cabinet questioned the BLM's land-use...

Ecuador to create new company to develop former Oxy fields.
September 7, 2006... Ecuador hopes by next month to finalize creation of a new state-owned entity to take charge of developing three blocks seized from US Occidental Petroleum last May. State-owned oil company Petroecuador is in the process of completing...

Oil demand grows, but only in a few developing nations.
September 7, 2006... Global oil demand was flat on the year in August as a steep drop in oil consumption in established economies was compensated by typical growth in industrializing nations, preliminary data show. August oil demand came in at 84.8 million...

BP Shut-ins pound ANS output.(British Petroleum Company PLC's production at from Alaskan North Slope Prudhoe Bay oil field)(Brief article)
September 7, 2006... The impact of BP's corrosion problems in the eastern part of the Alaskan North Slope (ANS) Prudhoe Bay field were obvious in the production numbers collected by the state's Department of Revenue Tax Division. ANS output fell by only 61,415...

Nigeria unions plan strike.(International)
September 7, 2006... Nigeria's federal government, through state-controlled Nigerian National Petroleum Corp. (NNPC), met Friday with leaders of the country's oil unions in an attempt to allay mounting safety concerns. Nigeria's two main oil unions, the...

Five remain on Shtokman list.(OAO Gazprom to sign a contract, bidders short-listed)(Brief article)
September 7, 2006... The jockeying for participation in Russia's Shtokman LNG project on the Barents Sea continues unabated, with state-controlled Gazprom maintaining discussions with all-five short-listed candidates. There had been talk this week that the two...

Stock market scorecard.(petroleum)(Statistical table)
September 7, 2006... Stock Market Scorecard Integrated Close 1-Day Majors 9/6 Chg. % Chg. Shell-A 68.06 -1.09 -1.58% Chevron 65.22 -1.12 -1.69...