-- MARKET WATCH: Crude tops $110/bbl as dollar falls Crude prices continued soaring to new heights of $110/bbl Mar. 12, with traders shrugging off bearish reports of high inventories as the US dollar fell to historic lows against the euro.
-- Senator offers amendment to remove majors' tax breaks A US senator introduced an amendment to the 2009 budget bill that would shift financial incentives from major oil producers to cellulosic ethanol producers and purchasers of plug-in electric drive vehicles.
-- Indonesia looks to replace BP Migas chairman Indonesia, seeking to replace Kardaya Warnika as chairman of the country's upstream oil and gas regulator BP Migas, will present three potential candidates for parliament to consider next month.
-- IOC has $3 billion for overseas expansion India's largest refiner, Indian Oil Corp. (IOC), is ready to spend $3 billion for an overseas oil production firm, preferably in Africa or the Confederation of Independent States (CIS).
-- Odum to succeed Hofmeister as Shell Oil president Shell Oil reported John D. Hofmeister will retire as president effective June 1 and Marvin E. Odum, currently executive vice-president, the Americas, for Shell E&P, will succeed Hofmeister.
-- Worldwide oil, gas transactions total value dips The total transaction value for worldwide upstream corporate and asset deals slipped to $154 billion in 2007 compared with $166 billion in 2006, consultants said in an annual report.
-- ETP settles CFTC gas markets manipulation charges Energy Transfer Partners and three of its subsidiaries agreed to pay a $10 million fine to settle charges that they attempted to manipulate natural gas markets, the US CFTC announced.
-- MARKET WATCH: Crude oil prices plunge Oil prices on NYMEX declined sharply Mar. 19 on inventory reports of weakening US oil demand coupled with reports of a strengthening US dollar compared with other currencies.