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General Interest 2004 P9

  • 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.
  • 12/13/2004 -- ExxonMobil president sees long-term energy changes
    Long-term changes are under way in global energy market that will affect all Americans and the US energy industry of the future, said Rex W. Tillerson, president of ExxonMobil Corp.
  • 12/03/2004 -- ExxonMobil makes executive changes
    ExxonMobil Corp. announced two new executive appointments.
  • 12/07/2004 -- Houston Exploration announces management changes
    The Houston Exploration Co., Houston, Tex. announced that Joanne C. Hresko has been named vice-president and general manager of onshore and Tim R. Lindsey has been named senior vice-president of exploration.
  • 12/22/2004 -- Questar appoints new president of pipeline subsidiary
    Salt Lake City-based Questar Corp. announced that R. Allan Bradley has been appointed president and chief operating officer of subsidiary Questar Pipeline Co. effective Jan. 1, 2005.
  • 12/10/2004 -- Esso SAF to offer E&P unit for sale
    Esso SAF is soliciting bids for its 90% stake in Esso REP, its exploration and production affiliate in France.
  • 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.
  • 12/16/2004 -- 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).
  • 12/14/2004 -- 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.
  • 12/16/2004 -- 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.
  • 12/13/2004 -- Ultra Petroleum's growth relies on US gas, Chinese oil
    Ultra Petroleum Corp. Chairman, Pres., and CEOMichael Watford"We are a big believer in under-promising and over-delivering. We try to set targets that show tremendous amounts of growth, more growth than our peer group. But we set the targets in a way that we think we have a reasonable chance of exceeding those."
  • 12/30/2004 -- Gazprom, Rosneft to finalize merger in January
    The merger of OAO Gazprom and OAO Rosneft is expected to be finalized early in 2005, and the assets of OAO Yukos unit Yuganskneftegas will not be involved in the initial consolidation as was earlier reported, a Russian official said.
  • 12/30/2004 -- MARKET WATCH
    Terrorist attacks, falling US stocks hike crude prices

    Energy prices continued to climb Dec. 29 as traders were surprised by a bullish weekly report of declining commercial inventories of crude in the US.
  • 12/29/2004 -- Tullow acquiring interests in North Sea gas fields
    Tullow Oil PLC plans to acquire interests in Schooner and Ketch natural gas fields and associated acreage from Shell UK Ltd. and Esso Exploration and Production UK Ltd.
  • 12/29/2004 -- Finalization of Gazprom, Rosneft merger temporarily delayed
    Finalization of the merger between Gazprom and state-owned OAO Rosneft has been delayed temporarily pending Rosneft's plans to acquire OAO Yukos unit Yuganskneftegas, Russian Economic Development Minister German Gref said.
  • 12/29/2004 -- MARKET WATCH
    Energy prices rebound slightly as market adjusts

    Energy prices rebounded slightly in a Dec. 28 market adjustment after heating oil prices crashed in the previous trading session on the New York Mercantile Exchange.
  • 12/29/2004 -- Brazil, Russia sign oil, gas cooperation agreements
    Russia's President Vladimir Putin has signed cooperation agreements with Brazil in the oil, natural gas, power, and renewable energy sectors that could lead to Russia's OAO Gazprom building a natural gas liquefaction plant and a new refinery in Brazil, Brazilian government sources told OGJ.
  • 12/28/2004 -- MARKET WATCH
    Collapsing heating oil market pulls down energy prices

    Despite a flurry of snowstorms across the US over the long Christmas holiday weekend, the heating market virtually collapsed Dec. 27 as the New York Mercantile Exchange reopened for trade in the face of sufficient supplies and forecasts of warmer weather.
  • 12/27/2004 -- 'Disconnect' seen in industry's use of technology
    South Bay Resources LLC Vice-Pres. of ExplorationSteven Tobias"At the same time that you have high-technology service companies scrambling for work, there are large companies wondering why they can't generate prospects or develop fields properly."
  • 12/27/2004 -- MARKET WATCH
    Energy prices slip prior to Christmas storms

    Energy commodities prices generally continued to slide Dec. 23 because of revised forecasts for milder winter weather and bearish reports of US inventories of crude and petroleum products.

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