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General Interest 2004 P14

  • 11/10/2004 -- MARKET WATCH
    Crude futures price falls below $48/bbl on NYMEX

    Energy prices plummeted Tuesday, with the near-month futures price dropping below $48/bbl on the New York Mercantile Exchange for the first time since late September as speculators—particularly the well-financed hedge funds—continued to exit the oil commodities markets.
  • 11/09/2004 -- Ziff: North American natural gas business at turning point
    With North America at a turning point in energy, the US, Canada, and Mexico should work together towards a mutual and secure energy future, says the recently elected chairman of the Texas Railroad Commission (TRC).
  • 11/09/2004 -- Argentine government creating energy company
    Argentine President Nestor Kirchner on Nov. 2 signed a law creating an energy company called Energia Argentina SA (Enarsa).
  • 11/09/2004 -- MARKET WATCH
    Energy prices resume previous decline

    Energy futures prices resumed their decline Monday as speculators continued to pull out of that market despite increased allied action against insurgents in Fallujah, Iraq, and a pending strike that could shut in oil production in Nigeria.
  • 11/08/2004 -- Gaz de France buys 51% of Romania's Distrigaz Sud
    Gaz de France, bolstering its position in Central and Eastern Europe, is taking a 51% stake in the Romanian gas distribution company Distrigaz Sud under an agreement signed Oct. 18 in Bucharest.
  • 11/08/2004 -- Texas Alliance PetroIndex: WTI posted price likely to remain high
    The posted price for West Texas Intermediate crude averaged $42.38/bbl in September, marking the second consecutive month above $40/bbl, said Karr Ingham, president of Economic Reporting, Amarillo, Tex., in a late-October report on third-quarter operations for the Texas Alliance of Energy Producers.
  • 11/08/2004 -- Opening of France's gas markets occurring 'satisfactorily'
    Although only 112 out of 530,000 consumers in France's liberalized natural gas market have switched from historic suppliers to others since the market was opened to competition in 2000, Energy Regulatory Commission Pres. Jean Syrota said it was "sufficient indication" that the opening of markets was occurring "satisfactorily."
  • 11/08/2004 -- Algeria: Sonatrach and Sonelgaz will not be privatized
    Algerian Prime Minister Ahmed Ouyahia said state oil and gas company Sonatrach and state electricity and gas company Sonelgaz are not included in the planned privatization of Algerian corporations.
  • 11/08/2004 -- Repsol YPF to buy Borealis' Portugal petrochemicals complex
    Repsol YPF has signed an agreement with Copenhagen-based Borealis AS to purchase Borealis' Polímeros Lda. petrochemical complex at Sines, Portugal.
  • 11/08/2004 -- Repsol YPF appoints Brufau as new chairman
    Repsol YPF SA's board has approved the appointment of Antonio Brufau as chairman.
  • 11/08/2004 -- MARKET WATCH
    Crude futures price rebounds above $49/bbl

    Energy prices generally rebounded Friday as traders protected their holdings against possible surprise fluctuations in supplies over the weekend.
  • 11/05/2004 -- Shell announces alliance with SOL Group
    Royal Dutch/Shell Group announced plans to sell 111 retail service stations and 30 distribution depots in the Caribbean to Sol Group, a petroleum affiliate of Interamericana Trading Corp., Cayman Islands.
  • 11/05/2004 -- PPM Energy invests $200 million in Oregon, Minnesota wind farms
    PPM Energy, the Portland, Ore.-based subsidiary of Scottish Power, is investing $200 million in the construction of two wind farms in the northwestern and north-central US.
  • 11/05/2004 -- Russia ratifies Kyoto Protocol
    Russian President Vladimir Putin has signed a bill that marks Russia's ratification of the Kyoto Protocol on climate change, clearing the path for the United Nations environmental pact to be implemented next year.
  • 11/05/2004 -- MARKET WATCH
    Mixed indicators push crude futures price below $49/bbl

    For the first time since September, the near-month benchmark US crude contract plunged below $49/bbl Thursday on the New York Mercantile Exchange, following false reports that Palestinian leader Yasser Arafat, 75, had died.
  • 11/04/2004 -- Mitsui taking stake in Mexican LNG terminal at Altamira
    Mitsui & Co. Ltd. signed an agreement with Royal Dutch/Shell Group to acquire a 25% equity stake in the Altamria LNG regasification terminal project. Terms of the transaction were not outlined.
  • 11/04/2004 -- Sasol, Petronas merging South African liquid fuels businesses
    South African Sasol Ltd. and Malaysian Petroliam Nasional Bhd. (Petronas) have signed definitive agreements outlining a merger to create a South African liquid fuels business combining Sasol's liquid fuels business and Engen Ltd.
  • 11/04/2004 -- MARKET WATCH
    Bush election boosts energy prices

    Energy futures prices rose Wednesday, wiping out the previous day's losses, as it became evident that George W. Bush—not John Kerry—was the victor in the US presidential campaign.
  • 11/04/2004 -- Knightsbridge acquires Nimir companies from Saudi interests
    Knightsbridge Investments Ltd., London, acquired international oil and chemicals concern Nimir Holdings Ltd. from Saudi interests for an undisclosed sum.
  • 11/04/2004 -- Hurdles ahead for growth in non-OPEC liquids output
    Findings of a study by PFC Energy suggest that the world's ability to increase liquids production outside members of the Organization of Petroleum Exporting Countries could run into difficulties in the early part of the next decade unless there are significant shifts in oil recovery factors or improved results from exploration.
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