-- Repsol YPF buying Shell's LPG business in Portugal Repsol YPF SA agreed to buy Royal Dutch/Shell Group's LPG business in Portugal. Shell will continue to operate in Portugal through Madeira Praia Formosa SA, a lubricants business and distribution terminal.
-- 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.
-- Houston Exploration announces management changes The Houston Exploration Co., Houston, Tex. announced that Joanne C. Hresko has been named vice-president and general manager of onshore and Tim R. Lindsey has been named senior vice-president of exploration.
-- 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.