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Enerplus to pay US$406 million for U.S. shale gas properties
Enerplus Resources Fund , a Calgary based oil and gas trust, is paying US$406 million to three private natural gas producers to acquire nearly a third of their stake in the Marcellus shale natural gas resource play in the northeastern United States.
Topix.net

Drilling Ordeals Said to Delay Geothermal Project
Already under review over its potential earthquake risk, a major test of geothermal energy faces further setbacks.
New York Times

Mott MacDonald wins OXY deal
Occidental of Oman Inc (OXY) has awarded UK-based Mott MacDonald a three-year contract for general engineering services in Occidental's concessions regions in the Sultanate. Under the agreement, Mott MacDonald will provide multi-disciplinary engineering design and technical support services for the oil and gas surface facilities expansion and operational activities at OXY?s concessions regions presently in Blocks 9 and 27 of Safah, Wadi Latham and Khamila.
AME

Kuwait: Opec should keep quota steady
Kuwait's oil minister has said that Opec should agree to maintain oil production targets when it meets next month to decide quotas, Bloomberg has reported. Oil prices are ?not too bad, not too bad at all,? Sheikh Ahmed al-Abdullah al-Sabah has said. Al-Sabah favours an oil price of $70-$80 a barrel. Economists at Deutsche Bank said a cut is still possible as inventory levels keep rising. [AMEInfo.com]
AME

Markets wrap: Stocks, Treasuries advance; dollar declines
Strength in energy stocks, spurred by a sharp increase in oil prices, lifted the overall market Wednesday.
Topix.net

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