General Interest 2004 P

12/21/2004 -- IEA sees potential in hydrogen and fuel cells
Although commercial maturity and significant market penetration remain decades away, hydrogen and fuel-cell technologies represent high-potential options for a secure energy future with diminished emissions of carbon dioxide.
12/20/2004 -- Baikal Finance Group buys Yukos unit
A surprise bidder calling itself Baikal Finance Group bought 77% of the Yuganskneftegas unit of OAO Yukos for $9.37 billion at an auction Dec. 19, prompting some analysts to suggest Baikal is linked to state-owned Gazprom.
12/20/2004 -- MARKET WATCH
Cold weather and terrorism lift energy prices
Energy prices continued to escalate Dec. 17 as cold weather threatened the northern US and al-Qaeda head Osama bin Laden called for terrorist attacks on Middle Eastern oil infrastructure.
12/17/2004 -- Noble Energy to acquire Patina Oil & Gas
Noble Energy Inc. and Patina Oil & Gas Corp. have received approval from their directors for Noble to acquire Patina for $3.4 billion, including the assumption of Patina's debt.
12/17/2004 -- IPO oversubscribed for Rockies independent
Investors have oversubscribed the public offering of Bill Barrett Co., Denver.
12/17/2004 -- US court grants Yukos a temporary injunction
A US bankruptcy judge in Houston granted OAO Yukos's request for a temporary injunction against the Dec. 19 auction of 77% of Yukos's largest unit, Yuganskneftegas (OGJ Online, Dec. 15, 2004).
12/17/2004 -- Exploration Co. to pursue 'strategic alternatives'
Exploration Co., San Antonio, said it retained financial consultants to pursue alternatives for the company that include merger or sale.
12/17/2004 -- MARKET WATCH
Energy prices dip in market adjustment
Energy prices fell slightly Thursday in a general adjustment of the market but held on to most of the large gains from the previous session when prices spiked on a bullish report of US inventories.
12/16/2004 -- Marathon finds gas, condensate off Equatorial Guinea
Marathon Oil Corp. subsidiary Marathon E.G. Production Ltd. made a natural gas and condensate discovery on Alba Block Sub Area B off Equatorial Guinea.
12/16/2004 -- Dow Chemical unit buys interest in Texas LNG project
Dow Chemical Co. subsidiary Texas LNG Holdings LLC has purchased a 15% ownership interest in Freeport LNG Development LP from Freeport LNG Investments LLLP (limited liability limited partnership).
12/16/2004 -- ESAI: IEA's Russian oil production forecast 'optimistic'
A recent International Energy Agency forecast of Russia's crude oil production is "unjustifiably optimistic," argued a report from Energy Security Analysis Inc. (ESAI), Boston.
12/16/2004 -- MARKET WATCH
Oil prices soar on US inventory drop
Crude oil futures prices soared in trading on New York and London markets Dec. 15, triggered by the weekly inventory report from the US Energy Information Administration.
12/15/2004 -- Yukos files for bankruptcy in US court
OAO Yukos has fulfilled its warning that the Russian government's plan to auction a seized oil producing subsidiary would force it into bankruptcy.
12/15/2004 -- MARKET WATCH
Colder weather drives up energy prices
The first cold weather of this winter blew into the Northeast US, pushing up prices for heating oil Tuesday in the world's biggest market for that commodity and pulling up other energy prices along with it.
12/14/2004 -- US lawmaker backs effort to limit FERC's LNG authority
US Rep. Barney Frank, D-Mass., is coordinating an effort with congressional delegates from coastal areas to support state governments arguing that the Federal Energy Regulatory Commission lacks final jurisdiction on LNG terminal siting permits.
12/14/2004 -- Swift Energy to acquire, develop two Louisiana fields
Swift Energy Co., Houston, said its 2005 capital budget is likely to include $15-20 million for further development of Bay de Chene and Cote Blanche Island fields in South Louisiana.
12/14/2004 -- Major US supply role seen for unconventional gas
Over the last 20 years, unconventional natural gas in the US has grown from "just modest expectations back in the early 1980s" to become one of the dominant forces of gas supply, said Scott R. Reeves, executive vice-president of Advanced Resources International Inc., Houston, at a 2-day conference in Denver.
12/14/2004 -- MARKET WATCH
Cold US weather triggers heating oil, natural gas price rally
The arrival of colder weather in the US, particularly in the Midwest and Northeast, triggered a price rally Dec. 13 for heating oil and natural gas, with the rest of the energy complex following close in tow.
12/13/2004 -- CO₂, test equipment clog apparent Uganda gas discovery
Heritage Oil Corp., Calgary, is planning its next exploration well on Uganda's remote Albert graben after encountering imprecisely gauged volumes of carbon dioxide and hydrocarbon gas at its latest penetration.
12/13/2004 -- MARKET WATCH
Energy futures prices lose ground in trading on NYMEX
Energy futures prices lost ground in trading Dec. 10 on the New York Mercantile Exchange. Prices fell despite a Dec. 10 announcement that members of the Organization of Petroleum Exporting Countries would try to lower oil production by 1 million b/d.

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General Interest 2004 P