-- Sojitz unit acquires East Texas fields Sojitz Energy Venture has acquired several oil and gas producing properties in East Texas from Ark-La-Tex Energy and partners for about $79 million.
-- MARKET WATCH: Crude prices continue to explore new highs The front-month crude futures contract climbed to new highs in the New York market Sept. 19 as US inventories continued to fall amid expectations that the interest rate cut by the Federal Reserve will boost energy demand.
-- Senate committee begins energy bill discussions After weeks of silence, the Senate Energy and Natural Resources Committee began discussions to reconcile differences between comprehensive energy bills passed by the US House and Senate earlier this year.
-- Chavez vows to expand gas, oil production Venezuelan President Hugo Chavez said his government is "launching the socialist gas revolution," claiming that Venezuela possesses "80% of South America's gas reserves" and "30% of the gas reserves in the Americas."
-- SEC alleges stock fraud by two oil firms, individual A federal district judge in Dallas issued a temporary restraining order and asset freeze against two small oil and gas firms and a Los Angeles man in response to SEC allegations of stock manipulation and fraud.
-- Imperial, Tomsk launch joint gas venture Imperial Energy Corp. PLC and Tomsk Regional Administration have agreed to establish a joint venture to develop Imperial's potential gas reserves in Russia.