General Interest 2004 P

08/19/2004 -- Analyst: Hurricane Charley apt to show US gasoline demand postponed due to rain
Hurricane Charley is expected to demonstrate how high rainfall levels reduce US gasoline demand, although a 1-month lag is expected before the trend is reflected in the US Department of Energy inventory numbers, said investment banker Friedman, Billings, Ramsey & Co. Inc., Arlington, Va.
08/18/2004 -- MARKET WATCH
Oil prices continue to climb with supply uncertainties
Crude futures prices continued climbing to new highs Tuesday after a Russian court rejected a petition from OAO Yukos to suspend collection of $3.4 billion in back taxes from the company.
08/18/2004 -- London outfit invests $15 million in Singapore oil and gas concern
3i, London equity and venture capital company, made a $15 million capital investment in Pearl Energy Pte. Ltd., Singapore independent oil and gas company.
08/18/2004 -- US refining capacity, product demand not rising in step
US refining capacity has not kept up with increasing demand for petroleum products. Some within the industry view this decline as being driven by fundamental refining trends as well as the globalization of product trading.
08/18/2004 -- PrimeWest Energy Trust acquiring Calpine Energy assets
PrimeWest Energy Trust agreed to buy all the oil and natural gas assets owned by Calpine Energy Holding Ltd. and Calpine Canada Natural Gas Partnership from Calpine Corp. for $806 million.
08/17/2004 -- Trinidad energy minister: Chàvez victory to speed Venezuela unitization accord
The recall referendum election survival of Venezuela's President Hugo Chàvez will help speed negotiations for a cross-border hydrocarbons unitization agreement between Trinidad and Tobago and its South American neighbor, claims Trinidad and Tobago Energy Minister Eric Williams.
08/17/2004 -- ConocoPhillips names president of U.S. Lower 48 and Latin America
ConocoPhillips recently named Gregory Goff as president of its exploration and production operations in the U.S. Lower 48 States and Latin America.
08/17/2004 -- Moody's: Stable ratings outlook for Asia Pacific oil and gas sector
The outlook for the Asia Pacific oil and gas sector is stable, based on strong international crude oil prices that are expected to rise well into 2005, Moody's Investors Services said in a recent study released by its Sydney office.
08/17/2004 -- MARKET WATCH
NYMEX crude price hits new high before falling
Energy futures prices retreated Monday on the New York Mercantile Exchange but not before hitting a new high of $46.91/bbl for the September crude contract during that session.
08/17/2004 -- Record supply belies tight oil market
If the global race between oil supply and demand were to be held today, it would be almost a photo finish.
08/16/2004 -- BG to acquire operatorship of new Norwegian blocks
BG Group PLC has signed a sale and purchase agreement with Lundin Petroleum AB under which BG is to acquire 60% equity in Lundin's wholly owned License Area PL 292 in the central Norwegian North Sea, with an option to acquire a further 10% interest.
08/16/2004 -- Vienco appoints chairman
Vienco Oil & Gas Ltd., Aberdeen, announced the appointment of Clive Fowler as chairman.
08/16/2004 -- MARKET WATCH
Crude futures jump above $46/bbl prior to Venezuelan referendum
US crude futures jumped above $46/bbl for the first time Friday as panicky New York traders attempted to cover outstanding sales positions in case Sundays recall election against Venezuelan President Hugo Chavéz might trigger civil conflict that would disrupt exports of crude and refined products.
08/16/2004 -- Forest Oil agrees to Gryphon Marin prospect farm-ins, off Gabon
Forest Oil Gryphon Marin BV, subsidiary of Denver-based independent Forest Oil Corp. and operator of the Gryphon Marin production-sharing contract in the Gabon Coastal basin off southern Gabon, has entered into interest participation agreements with Paladin Resources (Gabon) Ltd. and Tullow Oil subsidiary Energy Africa Gabon SA.
08/16/2004 -- National Oilwell merging with Varco International in $2.5 billion stock deal
National-Oilwell Inc. and Varco International Inc. agreed to merge in a $2.5 billion stock deal in which National-Oilwell shareholders will own 51% of the combined company and Varco shareholders 49%.
08/16/2004 -- ChevronTexaco sells Congo subsidiary to Perenco
ChevronTexaco Corp. has sold its wholly owned Congo subsidiary, Muanda International Oil Co. (MIOC) to a subsidiary of Perenco SA, a European independent.
08/16/2004 -- Texen Oil and Gas names president and CEO
Houston-based Texen Oil and Gas, Inc. has named Michael Sims as president and CEO. Sims has been involved with Texen Oil and Gas in various capacities since its inception, most recently as vice-president.
08/16/2004 -- Saudi Aramco elects vice-president
Khalid A. Al-Falih was elected senior vice-president at the July executive committee meeting.
08/13/2004 -- Anadarko gains 'foothold' into LNG sector with project acquisition
Anadarko Petroleum Corp. will acquire Access Northeast Energy Inc. (ANEI), a private company based in Halifax, NS, whose sole project is a proposed 1 bcfd capacity LNG receiving terminal on the coast of Nova Scotia.
08/13/2004 -- US SPR exchange contracts awarded
More than 100,000 b/d of royalty crude oil will continue to be delivered to the US Department of Energy, supporting the fill of the nation's Strategic Petroleum Reserve (SPR).

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