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CALGARY, ALBERTA (MARKET WIRE) Nexen Inc. is pleased to announce the appointment of Kevin Reinhart as Senior Vice president and Chief Financial Officer effective January 1, 2009. Kevin will succeed Marvin Romanow, who will become President and Chief Executive Officer, following the retirement of Charlie Fischer at the end of this year.

SINGAPORE — oil prices fell below $53 to almost a two-year low Thursday in Asia as investors, egged on by plummeting stock markets, priced in lower crude demand from a global economic downturn that's shaping up as the worst in decades.

Pacific Gas and Electric Co. broke ground today on a major power plant near the town of Maxwell, about 75 miles northwest of Sacramento.

Petrominerales to acquire Interest in Peru's Block 126

New York (Platts) -- 20Nov2008 -- World crude steel production was 100.5 million mt in October. This is 12.4% lower than the same month last year and 6.9% below September 2008, according to the World Steel Association in Brussels. ...

Canadian energy Services L.P. Announces Cash Distribution

Technicoil Appoints Board Member

Our knowledgeable readers have been weighing in with opinions about Crystallex and the Las Cristinas project in Ven... [Full Story]

Oil prices fell to a nearly 22-month low on Wednesday after a US government report showed a bigger-than-expected rise in crude inventories, heightening speculation that demand for petroleum products is waning. US crude for December delivery fell 77 cents to $53.62 a barrel. The last time prices were this low was January 2007.

Dutch Slough Tidal Marsh Project to Be Discussed at Dec. 11 Meeting