3/15/10,
Nigeria militants set off bombs, step up threats
(AP)
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AP - Militants in Nigeria's oil-producing region detonated two car bombs Monday near a government building where officials were discussing an amnesty deal, showing their resolve to resume attacks after an agreement to bring peace and economic benefits to the area unraveled.
3/15/10,
Toreador 4Q loss narrows as oil prices rebound
(AP)
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AP - French energy company Toreador Resources Corp. said Monday that its fourth-quarter loss narrowed to $5 million as rising oil prices partially offset falling production. Read more...
3/15/10,
Oil prices dive under 80 dollars
(AFP)
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AFP - World oil prices sank under 80 dollars on Monday, hit by the falling US currency and energy demand concerns, as traders eyed the OPEC cartel's output meeting due later this week.
3/15/10,
Consol Energy to buy Dominion's drilling business
(AP)
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AP - Consol Energy Inc. said Monday it agreed to buy Dominion Resources Inc.'s Appalachian exploration and production business for $3.475 billion, substantially increasing its natural gas reserves and production capacity. Read more...
3/15/10,
OPEC has little wiggle room at upcoming meeting
(AP)
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AP - With U.S. demand for oil lackluster, even traditional OPEC price hawks like Iran and Venezuela are happy with present prices near $80 a barrel as they head into Tuesday's meeting of the 12-nation organization.
3/15/10,
Iran calls on OPEC to hold output target steady
(AP)
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AP - Iran's oil minister said Monday that OPEC nations should not change their crude output targets at their upcoming meeting in Vienna. Read more...
3/14/10,
Regulators accused of lax oversight at LA oilfield
(AP)
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AP - This sprawling metropolis is built atop one of the richest oil basins in the world. Wells dot the city landscape, some hidden behind hollow building facades much like a Hollywood movie set, or, in the case of Beverly Hills High School, encased in a tower painted with flowers.
3/14/10,
Satisfied with oil prices, OPEC to sit tight on output
(AFP)
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AFP - OPEC is widely expected to maintain its official oil production quota when it meets this week, with the cartel satisfied with the current level of crude prices, analysts said.
AP - Cat litter maker Oil-Dri Corp. of America said Friday its board approved the repurchase of 250,000 more shares and declared a quarterly dividend on common and Class B shares. Read more...
3/12/10,
Oil companies to tap Missouri River water
(AP)
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AP - Oil companies will be able to tap more than 5 million gallons of Missouri River water daily for drilling operations under a pair of projects announced Friday by North Dakota Gov. John Hoeven. Read more...
AP - The number of rigs actively exploring for oil and natural gas in the U.S. increased by 11 this week to 1,407. Read more...
3/12/10,
2 electric utilities in Maine to merge
(AP)
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AP - Two of Maine's larger electric utilities would merge under an agreement announced Friday, creating a greater impetus for a north-south power transmission line for wind farms. Read more...
AP - Airline stocks, which rallied strongly earlier this week, were mixed in Friday trading as oil prices surged, raising the prospect of higher costs for jet fuel. Read more...
3/12/10,
Global oil demand seen higher in 2010
(AP)
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AP - World oil demand will rise this year due to surging economic activity in Asian countries, especially China, the International Energy Agency said Friday as it bumped up its forecasts. Read more...
