General Interest 2004 P

10/20/2004 -- Mærsk Olie og Gas AS makes executive changes
Thomas Thune Andersen has been named the new CEO of Mærsk Olie og Gas AS, Copenhagen.
10/20/2004 -- China's oil, gas sector seen at 'critical juncture'
China's oil and natural gas sector is at a "critical juncture" in its development, according to views presented Oct. 5 by partners of international law firm Fulbright & Jaworski LLP.
10/20/2004 -- Trinidad and Tobago creates Carribbean Community oil support program
Caricom (the Caribbean Community) islands will benefit from an oil support program the Trinidad and Tobago government is setting up to assist the region's economies hardest hit by high oil prices.
10/20/2004 -- Tanker demand raising fleet growth, freight costs
Tanker rates have soared, some to their highest levels for a continual 6-month period in more than 30 years, because of strong oil consumption, said SSY Consultancy & Research LTD, London.
10/20/2004 -- MARKET WATCH
Energy futures prices continue to fall with profit taking
Energy prices fell again Tuesday for the second consecutive day, as futures market speculators locked in profits from the recent price run-up.
10/19/2004 -- Western Democrats say FERC should refund billions of dollars to energy consumers
A group of 35 Democrats from the US House of Representatives signed letters to President George W. Bush saying the Federal Energy Regulatory Commission should refund billions of dollars to energy consumers in California and other Western states.
10/19/2004 -- Canada government reaffirms its support of wind power
A Canadian wind-power producer received $24.7 million (Can.) in financing from the Ministry of Natural Resources Canada (NRCan) as the government reaffirmed its commitment to the wind-power industry.
10/19/2004 -- MARKET WATCH
Energy prices plummet in profit taking
Energy prices plummeted Monday in what analysts described as profit-taking among major speculators after the recent run-up in record crude prices.
10/18/2004 -- Lawmakers call for investigation of hydraulic fracturing
Five members of Congress have written the US Environmental Protection Agency seeking investigation of the regulation of hydraulic fracturing, a request that an industry spokesman said was politically motivated.
10/18/2004 -- Incoming SEG Pres. Beasley links energy demand, need for research
Society of Exploration Geophysicists Pres. Craig Beasley "I think we've only scratched the surface with tying seismic data with the reservoir."
10/18/2004 -- Edge Petroleum to acquire South Texas properties from Contango
Edge Petroleum Corp. agreed to acquire oil and natural gas properties in South Texas from Contango Oil & Gas Co. for $50 million.
10/18/2004 -- MARKET WATCH
November crude price hits new highs
The November contract for benchmark US light, sweet crudes hit new highs Friday on the New York Mercantile Exchange after statements by Federal Reserve Chairman Alan Greenspan, aimed at reassuring the US economy, apparently backfired.
10/18/2004 -- US Supreme Court to hear part of Exxon Mobil's appeal
The US Supreme Court agreed to hear part of Exxon Mobil Corp.'s appeal of a verdict against the major concerning a class-action lawsuit that involves up to 10,000 current and former service station dealers.
10/15/2004 -- MARKET WATCH
Crude prices hit new highs, with further increases predicted
Energy futures prices soared to new heights Thursday after Purnomo Yusgiantoro, conference president of the Organization of Petroleum Exporting Countries, surprised traders with a prediction of additional price jumps.
10/14/2004 -- EIA: US proved oil reserves down, gas reserves up in 2003
US proved reserves of crude oil fell 3.5% on the year to 21.89 billion bbl in 2003, the US Energy Information Administration reported. It was the first decline in 5 years.
10/14/2004 -- MARKET WATCH
Energy prices rebound with renewed supply worries
Energy prices rebounded Wednesday, wiping out most losses to profit-taking in the previous session as already jittery markets were shaken by reports that a 30-in. oil pipeline exploded in eastern Mexico. Workers from Petroleos Mexicanos closed off the line and were working to contain the spilled oil.
10/13/2004 -- PDVSA president promotes oil, gas integration in Latin America
Alí Rodríguez Araque, president and CEO of Venezuela's state-owned oil firm Petroleos de Venezuela (PDVSA), reaffirmed the company's commitment to integrate Latin America in terms of energy, with Venezuela as the link for the successful completion of this movement on the continent.
10/13/2004 -- US Sec. of State Powell calls Venezuela 'reliable oil supplier'
US Sec. of State Colin Powell said during a visit to Brazil earlier this month "that despite the rhetoric of Venezuela's President Hugo Chávez, Venezuela is a reliable oil supplier and the [US President George W.] Bush administration has not ruled out the possibility of improving bilateral relations."
10/13/2004 -- Endeavour International buys Lundin's stake in OER Oil
A unit of Endeavour International Corp., Houston, agreed to acquire Lundin Petroleum AB's majority interest in OER Oil AS, private Oslo independent, for $26 million. Closing is expected by yearend and is subject to government approvals.
10/13/2004 -- Wärtsilä to generate more electricity in Mexico
Wärtsilä Corp., Helsinki, received contracts from two separate manufacturing companies in Mexico to build combined steam and power projects to generate electricity for those companies' operations.

Home

General Interest

Exploration & Development

Drilling & Production

Processing

Transportation

Home

2004

General Interest 2004 P