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The Australian government will start taxing some condensate production by removing the fuel's current exemption from a crude oil excise, Treasurer Wayne Swan announced Tuesday.

Petrobras will start a long-term production test at its giant Tupi field in March 2009, Chief Financial Officer Almir Barbassa said in a conference call Tuesday.

Oil companies say Alaska breached a deal when it revoked gas and oil leases on a North Slope oil field and should pay $800 million in damages.

Tenet Healthcare Corp. plans to sell 34 medical office buildings, including the Park Plaza Medical Center and the Fallbrook Building in Houston. (THC)

The Colorado securities commissioner has ordered a Colorado real estate residential development company and its manager to stop selling unregistered securities, officials said Tuesday.

Tenet Healthcare Corp. is planning to sell 34 medical office buildings nationwide, including two in Memphis. (THC)

Comprehensive Care Corp. reported a net loss for the first quarter of 2008 of $1.4 million, or 19 cents a share, compared to a net loss of $704,000, or 9 cents a share, in the first quarter of 2007.

BHP's oil and gas division is now focusing on accelerating the development of LNG projects in Western Australia.

The Senate has rejected a Republican energy plan that calls for opening an Alaska wildlife refuge and some offshore waters to oil development.

The Buzz Oates Group of Cos. has recently leased a 697,887-square-foot storage and distribution facility to Quaker Sales and Distribution Inc. in Tracy.