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General Interest 2004 P

  • 03/30/2004 -- SABIC Americas names new general manager
    Abdulaziz Al-Ahmad was named general manager of SABIC Americas Inc. (SAI), Houston.
  • 03/30/2004 -- SRI: Russia urged to provide export incentives, tax breaks for independents
    Russia needs to establish favorable taxation and exportation rules as incentives for independents, speakers said at the second annual Russian-US energy summit sponsored by Strategic Research Institute.
  • 03/30/2004 -- Statoil investigates opportunities in Libya
    Statoil ASA is investigating possible oil and natural gas exploration and development activities in Libya but it needs to clarify a number of conditions before making a final decision, executives said.
  • 03/30/2004 -- MARKET WATCH
    Energy futures prices slip amid OPEC uncertainty
    Energy futures prices slipped Monday amid uncertainty over the upcoming meeting Wednesday of ministers of the Organization of Petroleum Exporting Countries.
  • 03/30/2004 -- Shell to return to Libya's upstream arena, develop LNG export facilities
    Shell Libya Petroleum Development BV has signed a heads of agreement with Libyan National Oil Corp. establishing a long-term strategic partnership that could lead to the development of world-class integrated upstream projects to enhance Libya's oil and gas production and its LNG export capacity.
  • 03/30/2004 -- CGES: Iraq's postwar oil production recovery will be slow going
    Restoring Iraqi oil production to prewar levels will be a slow and painful process in the face of widespread looting, sabotage, and armed attacks on US and allied forces.
  • 03/29/2004 -- MARKET WATCH
    Energy futures prices rebound
    Energy futures prices rebounded Friday as traders bought to cover outstanding sales contracts amid growing speculation that members of the Organization of Petroleum Exporting Countries meeting Wednesday in Vienna will postpone the 1 million b/d production cut approved in February to become effective Thursday.
  • 03/29/2004 -- Petroecuador resumes oil exports from SOTE system
    Ecuador's state-owned oil company Petroecuador has resumed oil exports from its Trans-Ecuadorian Pipeline System (SOTE) after a warning from the 6-company consortium that controls and operates the Oleoducto de Crudos Pesados (OCP) pipeline.
  • 03/29/2004 -- Louisiana jury finds ChevronTexaco owes $82 million in oil royalties
    A Louisiana state jury Mar. 18 found that the former Chevron Oil Co. (now a subsidiary of ChevronTexaco Corp.) cheated Louisiana out of $82 million in oil royalties during 1987-99. The 12-member jury also ordered the company to pay $20 million in legal fees.
  • 03/29/2004 -- Is $3/gal US gasoline in prospect?
    Are gasoline pump prices headed for $3/gal in the US this year? Don�t start topping off your sport utility vehicle just yet. While there has been much speculation that higher crude oil prices in tandem with refiners� infrastructure, inventory, and fuel reformulation concerns will spike pump prices this year, it is unrealistic to expect a nearly 100% leap in average US pump prices that some market-watchers are suggesting.
  • 03/26/2004 -- MARKET WATCH
    Crude prices fall as US pressures OPEC to maintain supplies
    Energy prices plunged Thursday as Energy Sec. Spencer Abraham revealed that US officials are in private talks with some members of the Organization of Petroleum Exporting Countries to get them to set aside the 1 million b/d crude production cutback slated for Apr. 1.
  • 03/25/2004 -- Japan secures financing to develop Iran's giant Azadegan oil field
    State-run Japan Bank for International Cooperation announced Mar. 25 that it would join with four major Japanese banks to extend a $1.2 billion syndicated loan to Iran's National Iranian Oil Co. to develop giant Azadegan field in Iran. Japan last month sealed a $2 billion deal for the development.
  • 03/25/2004 -- Sea law hits rough waters in US Senate
    US Senate approval of the 21-year-old Law of the Sea Convention is now far less certain than trade groups anticipated a few months ago.
  • 03/25/2004 -- MARKET WATCH
    Increased US crude inventories push down futures prices
    Energy futures prices continued to seesaw, retreating Wednesday in the wake of a US Energy Information Administration report of a 7.5 million bbl jump in commercial US crude inventories to 288.6 million bbl during the week ended Mar. 19 (OGJ Online, Mar. 24, 2004).
  • 03/25/2004 -- US MMS announces SPR exchange contracts
    The US Department of the Interior's Minerals Management Service Wednesday said it along with three major oil companies agreed to a 6 month 100,400 b/d royalty in-kind arrangement designed to help fill the Strategic Petroleum Reserve.
  • 03/25/2004 -- Consultant: World natural gas demand to reach 116.9 tcf in 2008
    Natural gas utilization is expected to increase at an average annual growth rate (AAGR) of 2.4% to 116.91 tcf in 2008, forecast Business Communications Co. Inc. (BCC), Norwalk, Conn.
  • 03/24/2004 -- USGS allows public access to petroleum database
    The US Geological Survey Wednesday said the public now can access a new government database that includes chemical analysis of crude oil, natural gas, and rock samples from thousands of locations worldwide.
  • 03/24/2004 -- MARKET WATCH
    Futures prices rebound for crude, petroleum products
    Futures prices for crude and petroleum products rebounded Tuesday as US Energy Sec. Spencer Abraham told a Senate hearing that the administration plans to keep filling the Strategic Petroleum Reserve (SPR).
  • 03/24/2004 -- Royal Dutch/Shell contacted by US Attorney's Office
    Royal Dutch/Shell Group confirmed that the US Attorney's Office asked for the information that Shell has provided the US Securities and Exchange Commission regarding the January reduction in Shell's oil and natural gas proved reserves estimate.
  • 03/23/2004 -- NPRA: US refiners need sound policy to remain competitive in global markets
    The US refining industry should oppose the passage of pending legislation if it has questionable benefits, according to Gary R. Heminger, president of Marathon Ashland Petroleum LLC.
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