NEW YORK (Reuters) - Houston-based Citgo Petroleum Corp., the U.S. fuels and refining unit of Venezuelan state oil company PDVSA, plans to suspend its program to provide discounted heating oil to poor U.S. communities, according to Citizens Energy, a nonprofit which helps Citgo distribute the heating oil.  permaLink:1231180000-5156

Chesapeake Energy Corp., the nation's largest natural gas producer, said Monday that it sold some of its production in two basins to Argonaut Private Equity for $412 million as part of its plan to build its cash reserves over the next two years.  permaLink:1231177000-2266

1. The Global Recession 2. Price Volatility: Who Knew? 3. Falling Investment = Building the Big Boomerang 4. The IEA Changes its Stance (will U.S. EIA, CERA and Exxon-Mobil follow?) 5. The Campaign and the Elections 6. OPEC Cuts Production 7. The Large Exporters: from Boom to Busted 8. Shale Gas: Game Changer or Rope-a-Dope? [or a mixed blessing] 9. Food vs. Fuel Hit Pocketbooks Worldwide 10. Global Production Peaks, on the Production Plateau read more  permaLink:1231175000-3984

Oil industry services provider Weatherford International Ltd. said Monday it started an offering of senior notes due 2019.  permaLink:1231170000-4688

Chesapeake Energy sold natural-gas reserves in two Oklahoma fields to Argonaut Private Equity for $412 million, as the company continues to shed assets to boost cash levels.  permaLink:1231168000-3672

Weatherford International Ltd. announced today that it has commenced an offering of Senior Notes due 2019. Weatherford International, Inc., an operating subsidiary, will fully and unconditionally guarantee the notes on a senior unsecured basis.  permaLink:1231168000-2656

Vinccler Oil and Gas the whollyowned subsidiary of PetroFalcon Corporation has terminated the agreement to acquire a 30 percent working interest from Chevron Corporation NYSECVX in the offshore  permaLink:1231162000-7188

Chesapeake Energy Corporation has sold certain Chesapeakeoperated longlived producing assets in the Anadarko and Arkoma Basins in its fourth volumetric production payment transaction VPP. Through  permaLink:1231161000-5195

STAVANGER, NORWAY: StatoilHydro has begun drilling the first of 13 production wells on the Gja field in the North Sea using Transocean semisubmersible Transocean Searcher. The rig will drill nine oil wells and four gas wells.  permaLink:1231152000-8984

UK: GDF Suez and license partner First Oil Expro Ltd. made a new natural gas discovery at the Juliet well in the Southern Basin sector of the UK Continental Shelf.  permaLink:1231146000-2969

Houston - ConocoPhillips announced recently that the company has acquired its first LNG cargo for the Zeebrugge liquefied natural gas (LNG) terminal in Belgium. The cargo was delivered in mid-December...  permaLink:1231136000-8516

" Enbridge Energy, Limited Partnership has agreed to pay $1.1 million to settle state claims under Wisconsin's waterway and wetland protection and storm water control laws, according to a news release issued by...  permaLink:1231129000-0908

LAGOS (Reuters) - Gunmen hijacked a vessel belonging to French oil services group Bourbon off Nigeria's Niger Delta on Sunday as it traveled toward a Royal Dutch Shell offshore oilfield, security sources said.  permaLink:1231095000-4141

Indonesian state oil firm Pertamina and the US energy giant Exxon Mobil Corp. agreed to sell a 10% participating stake in Cepu gas and oil field to four regional state-owned companies, upstream oil an...  permaLink:1231094000-3750

India's largest oil refiners, Reliance Industries Ltd and Indian Oil Corporation ended the year badly as Standard & Poor's Ratings Services downgrades both the companies.  permaLink:1231085000-8906