12/13/2004
-- ExxonMobil president sees long-term energy changes Long-term changes are under way in global energy market that will affect all Americans and the US energy industry of the future, said Rex W. Tillerson, president of ExxonMobil Corp.
12/10/2004
-- Esso SAF to offer E&P unit for sale Esso SAF is soliciting bids for its 90% stake in Esso REP, its exploration and production affiliate in France.
12/10/2004
-- 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.
12/10/2004
-- 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).
12/09/2004
-- 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%.
12/08/2004
-- 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.
12/08/2004
-- MARKET WATCH Prices resume fall as Nigerian protests end Energy prices resumed their fall Tuesday as hundreds of protestors ended their 3-day siege of three oil pumping-station platforms in the Niger Delta region of Nigeria.
12/07/2004
-- Kerr-McGee names vice-president, marine engineering Oklahoma City-based Kerr-McGee Oil & Gas Corp., a wholly owned affiliate of Kerr-McGee Corp., has named Don Vardeman vice-president, marine engineering.
12/07/2004
-- 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.
12/07/2004
-- Brazil lobbying against proposed Bolivian hydrocarbons bill The Brazilian government issued a statement saying that it has been lobbying Bolivia on behalf of international investments made by Petroleo Brasileiro SA (Petrobras).
12/07/2004
-- MARKET WATCH Crude prices rise with new concerns for supply security After plummeting more than $7/bbl last week, crude futures prices bumped up Monday amid indications by several members of the Organization of Petroleum Exporting Countries that they might take action at their meeting Friday in Cairo to curb that fall.
12/07/2004
-- 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.
12/06/2004
-- Offshore oil, gas industry projected to spend $1.4 trillion through 2015 The offshore oil and gas industry is expected to spend $1.4 trillion worldwide during the next decade, and offshore production is forecast to grow to 55 million boe/d by 2015 from 39 million boe/d in 2004, Douglas-Westwood said.
12/03/2004
-- Dynamic portfolio management can enhance downstream value Through dynamic portfolio management, integrated oil and gas companies can identify strategic adjustments with the potential to greatly improve asset values.
