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General Interest 2004 P18

  • 10/06/2004 -- Smedvig acquires remaining interest in West Alpha
    Smedvig ASA is acquiring 50% ownership interest in the West Alpha semisubmersible from Danish KS Difko XLIV for $75 million, increasing Smedvig's ownership share to 100%.
  • 10/06/2004 -- MARKET WATCH
    NYMEX crude breaks $51/bbl price mark

    The November contract for benchmark US light, sweet crudes soared to a record high closing of $51.09/bbl Tuesday, up by $1.18 for the day, after trading at an all-time high of $51.29/bbl in that session on the New York Mercantile Exchange.
  • 10/05/2004 -- Brazil to triple natural gas consumption by 2010, minister says
    Brazilian energy officials expect their country to consume 117 million cu m/day (cmd) of natural gas by 2010, compared with today's average of 35 million cmd.
  • 10/05/2004 -- Atofina Petrochemicals changes name to Total Petrochemicals USA
    Atofina Petrochemicals Inc., Houston, changed its name to Total Petrochemicals USA Inc., effective Oct. 1, to more closely align the business with its parent company, Total SA, said Pres. and CEO Jean-Pierre Seeuws.
  • 10/05/2004 -- Industry groups mull certification program for evaluators of reserves
    The American Association of Petroleum Geologists and the Society of Petroleum Evaluation Engineers recently formed a joint committee to consider a voluntary certification program aimed at giving investors more confidence in industry estimates of oil and gas reserves.
  • 10/05/2004 -- Gaz de France has new president
    Gaz de France announces the appointment of Jean-François Cirelli as President of Gaz de France.
  • 10/05/2004 -- Premier Oil chief executive succession
    Simon Lockett, currently director of operations for Premier Oil PLC, London, will succeed Charles Jamieson, CEO, when he retires at the end of June 2005.
  • 10/05/2004 -- Study criticizes corporate governance in Russia
    Slow progress on corporate governance and the government crackdown on OAO Yukos have shaken investor confidence in Russia, concludes a study by a global association of financial institutions.
  • 10/05/2004 -- MARKET WATCH
    Energy prices decline as Nigerian conflict cools

    Energy futures prices declined Monday as political tensions eased in Nigeria, but analysts said they're not sure if the oil market may be poised for further retreat or gathering strength for a renewed climb to higher prices.
  • 10/04/2004 -- Tight gas market seen for US heating season
    Lower-than-expected July and August temperatures in many parts of the country have helped slow growth in US demand for natural gas this year.
  • 10/04/2004 -- Market Watch
    NYMEX crude closes above $50/bbl for first time

    The near-month benchmark crude contract closed above $50/bbl Friday for the first time in the 21 years since crude futures began trading on the New York Mercantile Exchange.
  • 10/04/2004 -- Shell evaluates 3D seismic data for offshore Pakistan Block 2365-1
    Shell Pakistan Ltd. (SPL) affiliate Shell Development & Offshore Pakistan BV has completed a 3D seismic survey of Block 2365-1 in the deepwater Indus E basin, 150 km south of Karachi. Shell plans to allocate a further $25 million to drill an exploratory well if the survey indicates promise.
  • 10/01/2004 -- Voluntary approach on environment challenges industry
    While the oil and gas industry has made progress in voluntarily reducing greenhouse-gas emissions, it also must develop technology that accelerates environmental improvement while meeting growing energy demand, government and industry representatives suggested here Wednesday.
  • 10/01/2004 -- Canada's Paramount Resources Ltd. considers restructuring options
    Paramount Resources Ltd., Calgary independent, said its board authorized management to examine restructuring alternatives to increase shareholder value, including but not limited to keeping the status quo or reorganizing all or part of the company into an energy trust.
  • 09/29/2004 -- MARKET WATCH
    Supply woes keep energy prices at record highs

    The November contract for benchmark US light, sweet crude closed at a record $49.90/bbl Tuesday, up by 26¢ for the day, after surging to an all-time intraday high of $50.47/bbl on the New York Mercantile Exchange.
  • 09/29/2004 -- Venezuela, Argentina form energy alliance; Petrobras balks
    Venezuela's state-owned Petroleos de Venezuela SA (PDVSA) and Argentina's new state energy company, Enarsa have agreed to form an energy alliance called Petrosur. Brazil's state-owned Petroleo Brasileiro SA (Petrobras), however, is reluctant to join.
  • 09/27/2004 -- Vintage Petroleum to sell Canadian oil and gas interests
    The boards of Tulsa, Okla.-based Vintage Petroleum Inc. and Midnight Oil & Gas Ltd. have approved a June 30 agreement whereby Vintage will sell all its interests in Canada to Midnight for $350 million (Can.), including working capital of about $27.5 million.
  • 09/27/2004 -- FACTS: Low-price LNG deals for Asia could be things of the past
    Low-price LNG deals of recent years in Asia could be things of the past because the future direction of the US natural gas market will have a profound impact on the global LNG market, including Asia.
  • 09/27/2004 -- MARKET WATCH
    Crude futures price hits record high on NYMEX

    Benchmark US crude hit a new record high closing price Friday on the New York Mercantile Exchange amid continued slow recovery of Gulf of Mexico production and growing concern about armed conflict in Nigeria.
  • 09/27/2004 -- Statoil transfers ownership in power company
    Statoil ASA plans to transfer its shares in Naturkraft AS to current partners Statkraft SF and Norsk Hydro ASA, which will then have 50:50 ownership of the power company.
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