-- MARKET WATCH Gas futures price drops below $5/MMbtu The natural gas futures price fell below $5/MMbtu Sept. 14 to the lowest level in 2 years in New York market after the US Energy Information Administration reported a large leap in US gas storage.
-- SEC, former Willbros supervisor settle foreign bribery charges The US Securities and Exchange Commission said it reached an agreement on Sept. 14 with Jim Bob Brown, who formerly worked for a Willbros Group Inc. subsidiary, to settle charges that he violated antibribery provisions of the Foreign Corrupt Practices Act.
-- Burton: Confusion may have led to price threshold omission Confusion over where to place a price threshold in the final rule may have led to its omission in federal deepwater leases in 1998 and 1999, US Minerals Management Service Director Johnnie Burton told a US House committee Sept. 14.
-- Petrobras critical of Bolivia's hydrocarbon decree Brazil's state-owned Petroleo Brasileiro SA (Petrobras) has issued a statement vehemently criticizing Bolivia's Sept. 13 decree that consolidates state ownership of hydrocarbons sold in Bolivia's internal market.
-- MARKET WATCH Crude prices end 8-day retreat in New York market Crude futures prices inched higher Sept. 13, capping a plunge over the 8 previous trading sessions to near a 6-month low in the New York market, after officials reported the biggest drop in commercial US crude inventories in 2 months.
-- CNR to buy Anadarko Canada in $4.24 billion deal Canadian Natural Resources Ltd. plans to buy Anadarko Canada Corp. (ACC) for $4.24 billion. Anadarko is keeping its interests in the Mackenzie Delta and other Canadian arctic frontier properties.
-- Aramco head says technology key to boosting reserves For the oil industry to continue meeting its long-term responsibility of providing energy to the world economies, it needs to continue to identify new oil fields, said Saudi Aramco Pres. and Chief Executive Abdallah S. Jum'ah.
-- Saudi oil minister warns of tight refining capacity Saudi Arabia's oil and gas investments will total some $70 billion during the next 5 years, said Saudi Minister of Petroleum and Mineral Resources Ali I. al-Naimi in a speech in Vienna Sept. 12. Much of that will alleviate constrained refinery capacity.
-- Endeavour names Transier chairman and CEO Endeavour International Corp., Houston, has named William L. Transier chairman, chief executive officer, and president. Separately, John N. Seitz has been named vice-chairman of the company.
-- MARKET WATCH Crude futures price probes lower levels Energy prices continued to tumble Sept. 11 with crude futures hitting a new 5-month low on the New York market as the Organization of Petroleum Exporting Countries took no action to curb production at its meeting in Vienna.
-- Alaska approves BP bypass plan The Regulatory Commission of Alaska granted temporary permits for BP PLC to connect the east side of Prudhoe Bay field to the nearby Endicott pipeline, enabling the restart of 105,000 b/d of oil production.
-- Total outlines production growth plans Total AS Chairman and Chief Executive Thierry Desmarest told financial analysts last week that the group could sustain a 4%/year production growth rate during 2005-10 despite the 12% drop registered over the last 18 months and a 5% shortfall expected during the second half of this year.