Oil and utilities highlights to 15:45 GMT

Oil and utilities highlights to 15:45 GMT

	Published : Mon, 05 Mar 2007 17:02 By : Agencies Print this Story

2007-03-05 15:39:03

Gazprom, Transneft could get own security services

MOSCOW (AFX) - Russian state-controlled energy companies Gazprom and

Transneft could set up their own security services with similar powers to the

police under draft legislation seen by Agence France-Presse.

2007-03-05 15:32:35

LukOil says proved reserves as at Jan 1 2007 estimated at 20.4 bln boe

LONDON (AFX) - LukOil OAO said it has proved reserves of 20.4 bln barrels of

oil equivalent as at January 1 2007, including 15.93 barrels of oil and 26.60

trln cubic feet of gas, compared with 20.33 bln boe at Jan 1 2006.

2007-03-05 15:14:10

Cost of decommissioning liability putting off North Sea investors - UKOOA

LONDON (AFX) - The UK Offshore Operators Association said it believes

decommissioning liabilities may be hindering oil and gas investment in the North

Sea.

2007-03-05 14:53:02

Norway's FSA to probe Norsk Hydro share trading prior to news of Statoil deal

STAVANGER (AFX) - Norway's financial services watchdog, Kredittilsynet, said

it is investigating unusual share trading activity and a rise in Norsk Hydro ASA

share prices just prior to the announcement that Hydro is to merge its oil and

gas interests with those of Statoil ASA.

2007-03-05 14:44:53

Statoil awarded operatorship of Indonesia's Karama deepwater block

OSLO (AFX) - Statoil ASA said it has been awarded the operatorship of the

Karama deepwater block in Indonesia's Makassar Strait.

2007-03-05 13:55:15

Russia's TNK-BP says oil leak minimal, not a threat to water supply

LONDON (AFX) - TNK-BP, the Russian joint venture of UK oil giant BP PLC,

said the oil leak in one of the pipelines of its Orenburgneft unit was a 'minor

incident' and is not posing a threat to the water supply of the surrounding

area.