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General Interest 2005 P11

  • 11/28/2005 -- MARKET WATCH
    Energy prices dipped at week's end

    Energy prices declined late last week, ending a 2-day rally for crude futures in the New York market.
  • 11/23/2005 -- Lukoil acquires full ownership of Severtek
    Neste Oil Corp. of Finland has sold its 50% stake in Russian oil producer Severtek to OAO Lukoil for $321.5 million.
  • 11/23/2005 -- Boots & Coots acquiring well control unit
    Boots & Coots International Well Control Inc., Houston, agreed to acquire hydraulic workover contractor Hydraulic Well Control of Houma, La., a unit of Oil States International Inc., Houston.
  • 11/23/2005 -- Al-Dosari named director of Rabigh project
    Saad F. Al-Dosari has been appointed executive director of the Rabigh Development Project, which is converting a 400,000 b/d topping refinery at Rabigh, Saudi Arabia, into an integrated refining and petrochemical complex, effective Nov. 1 (OGJ, Aug. 8, 2005, Newsletter).
  • 11/23/2005 -- MARKET WATCH
    Crude oil futures gain for second day

    Crude oil futures on the New York market rose more than $1/bbl Nov. 22 as forecasts remained in place for colder weather in the nation's biggest heating oil and natural gas markets.
  • 11/23/2005 -- DOE reopens comment period on SPR expansion
    The US Department of Energy has reopened the public comment period on expanding the Strategic Petroleum Reserve and extended it through Dec. 19. The agency also scheduled a public meeting on the subject for Dec. 7 in Port Gibson, Miss.
  • 11/22/2005 -- European conference ponders deregulated gas market
    As unseasonably early and savage winter storms approached the UK this week, uncertainty of supply and high prices for winter fuels were chief concerns of Europe's natural gas industry leaders as they opened the 20th annual European Autumn Gas Conference in London.
  • 11/22/2005 -- NGSA urges caution in OCS gas-gathering rule change
    The US Federal Energy Regulatory Commission should ensure that captive natural gas producers continue to be protected before repealing two regulations covering offshore gathering facilities, the Natural Gas Supply Association has warned.
  • 11/22/2005 -- MARKET WATCH
    Natural gas prices fall again; crude futures rally

    Natural gas prices fell for a second consecutive trading session on Nov. 21, while US crude futures and heating oil rose on forecasts of cold weather in the US Northeast and Midwest.
  • 11/22/2005 -- SIPES elects 2006 officers
    The Society of Independent Professional Earth Scientists (SIPES) has installed independent petroleum geologist and president of Milagro Resources in Midland, Tex., David A. Eyler, president for 2005-06.
  • 11/22/2005 -- Norsk Hydro to buy EnCana's Chinook interest
    Norsk Hydro ASA agreed to pay $350 million for a 50% interest in the Chinook heavy oil discovery off Brazil from EnCana Corp., Calgary.
  • 11/21/2005 -- Bill to open OCS to gas leasing draws support
    Five representatives of business and social service organizations have expressed support for opening more of the US Outer Continental Shelf to natural gas leasing.
  • 11/21/2005 -- Ruling favors California OCS plaintiffs
    The US Court of Federal Claims has ruled that the US government must return more than $1.1 billion in lease bonuses to 12 holders of 36 federal oil and gas leases off California.
  • 11/21/2005 -- MARKET WATCH
    Natural gas, crude futures prices fall

    Natural gas prices fell Nov. 18, ending a brief rally in the New York futures market, while US crude futures slipped to a 5-month low.
  • 11/18/2005 -- MARKET WATCH
    Energy prices continue to seesaw

    Energy prices continued to seesaw Nov. 17. The front-month crude futures contract dropped to a 5-month low in New York, following release of a government report stating that more natural gas is being injected into US storage, providing for an ample supply this winter.
  • 11/18/2005 -- FERC temporarily waives gulf infrastructure cost requirements
    The US Federal Energy Regulatory Commission temporarily waived some construction cost requirements so natural gas infrastructure damaged by Hurricanes Katrina and Rita can be rebuilt more quickly.
  • 11/17/2005 -- Role of litigation at issue before NEPA task force
    Broader, earlier public involvement could be a realistic alternative to litigation under the National Environmental Policy Act, witnesses told a US House Resources Committee panel Nov. 17.
  • 11/17/2005 -- CERA sees strong LNG growth, mixed commercial success
    The LNG industry will grow more in the next 7 years than it did in its first 40 years, projects a study by Cambridge Energy Research Associates, Cambridge, Mass.
  • 11/17/2005 -- MARKET WATCH
    Increased demand raises energy prices

    Energy prices rebounded Nov. 16 on a government report of major declines in US stocks of crude and gasoline.
  • 11/17/2005 -- Gazprom to begin trading gas in France
    OAO Gazprom of Russia reported that it had obtained authorization to trade natural gas on France's liberalized gas market starting in early 2006.
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