General Interest 2005 P

10/21/2005 -- MARKET WATCH
Energy prices continue downward spiral
Crude and gasoline futures prices tumbled to their lowest levels in months on Oct. 20.
10/20/2005 -- MARKET WATCH
Crude prices continue to slump
Crude prices continued to retreat Oct. 19 as US inventories increased and powerful Hurricane Wilma appeared still on track to strike western Florida this weekend.
10/19/2005 -- Encore buying production in Texas, Oklahoma
Encore Acquisition Co., Fort Worth, agreed to buy oil and gas properties in the Permian and Anadarko basins from Kerr-McGee Corp. for $104 million.
10/19/2005 -- Senate committee approves ANWR leasing
Congressional authorization to issue oil and gas leases in the Arctic National Wildlife Refuge advanced a step Oct. 19 as the Senate Energy and Natural Resources Committee approved the move by a 13-9 vote.
10/19/2005 -- MARKET WATCH
Energy prices fall as Wilma heads for Florida
Energy prices fell sharply Oct. 18, eliminating much of the gains from the previous trading session, as Hurricane Wilma appeared to be tracking toward Florida.
10/19/2005 -- Senate committee starts work on US refining bill
Less than 2 weeks after the US House of Representatives passed a bill on the same subject, the Senate took up legislation aimed at increasing domestic refining capacity. The Environment and Public Works Committee held a hearing Oct. 18 on S. 1772, the Gas Petroleum Refiner Improvement and Community Empowerment (or Gas PRICE) Act.
10/18/2005 -- Pearl moves to buy holder of Indonesian PSC
Pearl Energy Ltd., Singapore, has signed a nonbinding memorandum of understanding to acquire 100% of issued share capital of Sebana Ltd. of the Virgin Islands from Indonesia's PT Petroland Energi.
10/18/2005 -- Oneok sells gas gathering, processing assets
Oneok Inc., Tulsa, has agreed to sell natural gas gathering and processing assets in the Texas Panhandle to Eagle Rock Energy Inc., a private Houston company, for $528 million.
10/18/2005 -- IFP notes rising outlays for services, equipment
Spending on oil and gas services and equipment, which began increasing during 2003-04, has accelerated this year due to expectations that oil and gas prices will remain high.
10/18/2005 -- MARKET WATCH
Tropical Storm Wilma raises energy prices
Energy prices escalated Oct. 17 as Tropical Storm Wilma became the 21st named storm in the current Atlantic hurricane season.
10/17/2005 -- MARKET WATCH
Diminished demand undermines energy prices
Crude futures prices declined Oct. 14 on fears of diminished demand yet finished up by more than 1% for the week on the New York market.
10/14/2005 -- MARKET WATCH
Energy prices fall with worries of eroded demand
Energy prices fell Oct. 13, ending a brief rally as traders once more focused on the apparent erosion of demand due to the high cost of crude.
10/14/2005 -- Occidental to acquire Vintage Petroleum for $3.8 billion
Occidental Petroleum Corp. has agreed to acquire Tulsa independent Vintage Petroleum Inc. for $3.8 billion and the assumption of $550 million of Vintage debt.
10/14/2005 -- Caribbean nations want PetroCaribe change
Three Caribbean governments are to ask Venezuelan President Hugo Chávez to reconsider some of the terms of the PetroCaribe agreement that the governments say run contrary to the spirit of the Caricom treaty.
10/13/2005 -- MARKET WATCH
Crude futures prices continue to climb
Crude futures prices continued to climb Oct. 12 on predictions that growth of world oil demand will increase next year.
10/13/2005 -- Reconstituted Sheer Energy becomes Cygam Energy
Sheer Energy Inc., Calgary, completed the acquisition of Rigo Oil Co. Ltd., Vega Oil SpA, and units of Peyto Energy Trust.
10/13/2005 -- Analyst sees problems for expected LNG construction
The LNG industry would have "no problem" in building liquefaction, transport, and regasification capacity for 120 million tonnes of additional LNG by 2012, but many financial and human resource problems must be overcome "if more is demanded," said J.P. Chevriere, president of Transmar Consult Inc., Houston.
10/13/2005 -- Asian, European firms dominate Libya's Round 2
Aggressive bidding rewarded international oil companies from Asia and Europe when Libya's National Oil Corp. opened bids Oct. 2 in Round 2 of its EPSA IV (exploration and production-sharing agreement) program.
10/12/2005 -- ExxonMobil, regulators reach CAA accord
ExxonMobil Corp. has agreed to install new equipment and processes costing an estimated $571 million at its seven US refineries under a settlement with the US Environmental Protection Agency and Department of Justice.
10/12/2005 -- MARKET WATCH
Energy prices bounce higher
Commodity prices bounced higher Oct. 11 on separate predictions by the US Federal Reserve System and the Paris-based International Energy Agency of a 2006 rebound in demand for fuel.

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General Interest 2005 P