-- Colorado embraces the leasing moratorium Several coastal states have used the congressionally-imposed federal leasing moratorium for about 30 years to keep oil and gas activity away from their shores. Colorado now seems perfectly willing to use it onshore.
-- MARKET WATCH: Crude futures prices close lower Crude oil futures prices closed slightly lower Mar. 20 after falling below $100/bbl earlier in the session. Electronic and floor trading was closed in the US markets Mar. 21 because of the Good Friday religious holiday.
-- Tesoro announces management changes Tesoro has named Bill Finnerty as executive vice-president, strategy and asset management. Everett Lewis was named executive vice-president and chief operating officer, succeeding Finnerty.
-- MARKET WATCH: Pipeline sabotage lifts oil prices The near-month benchmark US crude contract jumped above $107/bbl Mar. 27 in the New York market following reports of the bombing of one of the primary export oil pipelines in southern Iraq.
-- StatoilHydro increases research budget StatoilHydro will increase its research budget by 20% to 2.14 billion kroner in 2008 to focus on technologies and exploration and production.
-- Green Dragon to acquire PACE Green Dragon Gas Ltd. has signed a conditional agreement with Pacific Asia China Energy Inc. (PACE) through its wholly owned subsidiary Greka China Ltd. to acquire PACE for $35.18 million (Can.).