-- Samuel Bodman nominated as US energy secretary President George W. Bush nominated Samuel W. Bodman, US Treasury deputy secretary, to succeed Sec. of Energy Spencer Abraham, who announced his resignation (OGJ Online, Nov. 15, 2004).
-- Lehman Bros. survey sees E&P spending up 5.7% in 2005 Oil and gas companies in a Lehman Bros. survey plan to increase worldwide exploration and production spending next year by 5.7% after raising outlays in those areas this year by an estimated 12.4%.
-- Consider expansion of OCS leasing, Senators urge US Sens. Lamar Alexander (R-Tenn.) and Mary L. Landrieu (D-La.) called for discussion of expanded leasing on the Outer Continental Shelf, including areas currently off-limits, to address increasingly tight supplies of natural gas.
-- EnCana to acquire position in Fort Worth basin EnCana Corp., Calgary, plans to acquire $255 million in Fort Worth basin properties in what may represent the company's first foray into the Barnett shale resource play in North Texas.
-- Sonatrach appoints new vice-president Abdelhafid Feghouli has been appointed vice-president of Algeria's state oil and gas company, Sonatrach, in charge of downstream activities.
-- MARKET WATCH Crude futures has biggest price drop in 3 years The January contract for benchmark US light sweet crudes plummeted by $3.64the largest single-day decline in more than 3 yearsto $45.49/bbl Wednesday on the New York Mercantile Exchange after the Energy Information Administration reported a jump in US heating oil stocks and a nominal increase in crude inventories.