-- Ziff: Western Canada F&D costs rising Finding and development costs for natural gas and conventional oil in Western Canada, excluding revisions, have increased 12% to $2.40/Mcf during 2004 compared with the previous year, according to Ziff Energy Group, Calgary.
-- IADC elects 2006 chairman Claus Chur, a board member and regional director of KCA Deutag, Bad Bentheim, Germany, has been elected chairman of the International Association of Drilling Contractors, effective Jan. 1, 2006.
-- MARKET WATCH Warm weather undercuts crude futures prices Futures prices fell for crude and petroleum products Nov. 7, but natural gas futures prices rebounded, wiping out the previous day's loss, despite warm weather that has persisted through the first week of the winter heating season.
-- Inpex, Teikoku to integrate operations Inpex Corp. and Teikoku Oil Co., both of Japan, will integrate their operations starting next year under a joint holding company with a full merger of all three companies slated for June 2008.
-- Vice promoted to president of ICE IntercontinentalExchange (ICE) reported that Charles A. Vice, currently chief operating officer of the Atlanta-based electronic global futures and commodity operator, has been promoted to president. Vice will retain his title of while adding expanded responsibilities.
-- FACTS: Asia-Pacific products demand to keep growing Asia-Pacific regional demand for petroleum products will continue to grow while supply, despite plans for additional refining capacity, struggles to keep pace, said Fesharaki Associates Consulting & Technical Services Inc. (FACTS) in an October report.
-- Kerr-McGee to sell more US properties Kerr-McGee Corp. has agreements with multiple parties for the sales of onshore oil and gas properties with gross proceeds expected to be $510 million.
-- Gas summit speakers note changing market patterns Soaring prices of natural gas are changing traditional market patterns by breaking up the gas-electricity link and increasing price volatility in LNG trade, speakers said at the 10th Annual International Gas Summit here.
-- SK Corp. cuts bid for Inchon Oil Refinery South Korean refiner SK Corp. has reduced its bid for Inchon Oil Refinery Co. Ltd. by 160 billion won to about 3.04 trillion won, industry sources said.