-- MARKET WATCH: Oil prices swing in hurricane winds Crude prices dropped below $107/bbl Sept. 5 as mostly unscathed US Gulf Coast oil and gas operations come back on stream following the dissipation of Hurricane Gustav, which also reduced US demand for energy via power outages and other disruptions.
-- Lucas appoints president, CEO Lucas Energy Inc. appointed WA (Bill) Sikora president, chief executive officer, and a member of the board of directors.
-- Circle raises funds for Africa, Omani work Government owned Libya Oil Holdings has acquired 29.66% and Kaputhing Bank of Iceland acquired 15.61% interest in Circle Oil, raising a total of $58.4 million for the London exploration outfit.
-- Cheney expresses US interest in Caspian region US Vice-President Dick Cheney met with Azerbaijan's President Ilham Aliyev and later said that the US has a "deep and abiding interest" in the Caspian region's stability and security.
-- Senate's energy summit is scheduled for Sept. 12 The US Senate will hold a day-long energy summit on Sept. 12 beginning at 9:30 a.m. in Room G-50 of the Dirksen Office Building. Energy and Natural Resources Committee Chairman Jeff Bingaman (D-NM) will be moderator.
-- Gazprom, NNPC to establish JV in Nigeria OAO Gazprom and Nigerian National Petroleum Corp. plan to form a joint venture for exploration, production, and transportation of oil and gas in Nigeria.
-- Dudley to resign as TNK-BP top executive Robert Dudley will resign as CEO of TNK-BP under an agreement signed by BP and its partners in the Russian firm, Mikhail Fridman, Viktor Vekselberg, and Len Blavatnik, known collectively as AAR.
-- Marion boosts stake in Utah, Oklahoma areas Marion Energy completed the acquisition from Odyssey Energy of the working interest it didn't own in the Helper field project in Carbon County, Utah, and the Jester and Bloomington field projects in Greer County, Okla.
-- Brazil, asked to join OPEC, declines Iran has invited Brazil to join the Organization of Petroleum Exporting Countries, according to a Brazilian senior government official.
-- Republican platform's energy, environment planks no surprise Republicans adopted a 2008 national campaign platform on Sept. 1 that included a call to "aggressively increase our nation's energy supply in an environmentally responsible way . . . through a comprehensive strategy that meets both short and long-term needs."
-- DMV acquires interest in West African permits Recently listed DMV International has signed a heads of agreement with unlisted fellow explorer Sphere Petroleum to acquire a 20% interest in four West African permits.
-- DOE updates storm damage report Fourteen Gulf Coast refineries were closed and all Gulf of Mexico oil production was shut in the day after Hurricane Gustav made landfall near Morgan City, La., DOE said in an updated situation report.