-- BP appoints new deputy chief executive Richard Olver has been named deputy chief executive of BP PLC. Olver succeeds Rodney Chase, who will retire from the company Apr. 23 after serving a 38-year career with the firm.
-- Market watch: Oil prices rise on escalating war jitters Oil futures prices soared on New York and London markets Friday upon rising jitters between the US and Iraq about a possible war in Iraq and also upon lingering concerns about Venezuela's national strike as well as world oil supplies.
-- India approves MOL's purchase of SCI stake India has approved the sale of Shipping Corp. of India's (SCI) 20% stake in the LNG transport company Greenfield Holding to Japan's Mitsui OSK Line (MOL).
-- SPR operating contractor granted new 5-year contract US Sec. of Energy Spencer Abraham announced that the current contractor for the Strategic Petroleum Reserve, DynMcDermott Petroleum Operations of New Orleans, will be granted a new 5-year contract.