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General Interest 2005 P

  • 02/09/2005 -- Iraqi oil production depends on politics, oil minister says
    The production capacity of Iraqi oil in 2005 will primarily depend on political developments in the country after the Jan. 30 elections and the possibility of forming a harmonious government, according to Iraqi Oil Minister Thamir al-Ghadban.
  • 02/09/2005 -- PTTEP plans to realign portfolio
    PTT Exploration & Production PLC (PTTEP) announced plans to realign its portfolio.
  • 02/10/2005 -- Taylor Energy names Pope as president
    Taylor Energy Co. has named John A. Pope as president.
  • 02/10/2005 -- Gentry Resources makes senior management appointments
    Gentry Resources Ltd., an independent based in Calgary, has made several senior management appointments.
  • 02/11/2005 -- MARKET WATCH
    Crude prices rise as IPE reports increased demand

    Energy prices surged upwards on Feb. 10 as the Paris-based International Energy Agency increased its forecast for 2005 oil demand growth by 80,000 b/d to 1.52 million b/d, for a total of 84 million b/d.
  • 02/11/2005 -- BLM budget includes increased user fees
    Oil and gas producers would pay $10.8 million in user fees, including $9 million in permit processing charges, under the Bureau of Land Management's proposed fiscal 2006 budget.
  • 02/11/2005 -- Al-Naimi: Saudi oil safe from terrorists
    Saudi Arabia's Minister of Petroleum and Mineral Resources Ali I. al-Naimi said his country has spent "substantial" amounts of money on securing its oil installations and insisted it would be "difficult, if not impossible" for terrorists to attack them.
  • 02/14/2005 -- Industry facing product delivery, quality challenges
    Challenges facing the oil and natural gas industry have more to do with delivery and product quality than with size of the petroleum resource, company executives told the Energy Institute's International Petroleum Week in London.
  • 02/15/2005 -- MARKET WATCH
    NYMEX crude higher, fuel oil down

    Crude prices closed slightly higher on Feb. 14, but both gasoline and heating oil prices dropped slightly on the New York Mercantile Exchange.
  • 02/15/2005 -- ESAI: China likely to become net exporter of high-sulfur diesel
    China appears likely to become a net exporter of high-sulfur diesel, or gas oil, starting in February and lasting through March, said a report from Energy Security Analysis Inc. (ESAI), Boston.
  • 02/15/2005 -- CERA: World oil production capacity may grow 16 million b/d by 2010
    World oil production capacity could jump by more than 16 million b/d to 101.5 million b/d by 2010, with the addition split "fairly evenly" between members of the Organization of Petroleum Exporting Countries and non-OPEC producers, said an executive of Cambridge Energy Research Associates, a subsidiary of IHS Inc.
  • 02/15/2005 -- CERA: ChevronTexaco CEO calls for US energy policy
    David J. O'Reilly, chairman and CEO of ChevronTexaco Corp., called for a new US energy policy in his keynote address at the opening of a weeklong conference of energy executives in Houston, sponsored by Cambridge Energy Research Associates.
  • 02/16/2005 -- FACTS: Sellers to gain from rising oil, LNG prices
    Oil prices have risen permanently to a new plateau, and natural gas prices will rise even more radically within the next decade, contends analyst Fereidun Fesharaki in a February oil and gas price forecast.
  • 02/16/2005 -- Iraq seeks E&D investment, nixes reserves privatization
    Iraqi Oil Minister Thamir al-Ghadban claims that his country can boost its oil production level from its current 2.1 million b/d to 6 million b/d, aided by Iraqi, Arab, and foreign investments.
  • 02/16/2005 -- MARKET WATCH
    Crude prices retreat ahead of inventory increase

    Crude futures prices declined in light trading Feb. 15 on the New York Mercantile Exchange in anticipation of a jump in crude inventories.
  • 02/17/2005 -- MARKET WATCH
    Crude prices rise

    Crude prices jumped higher on Feb. 16, despite a reported increase in commercial US crude inventories.
  • 02/18/2005 -- MARKET WATCH
    Low natural gas draw undercuts energy prices

    Energy prices fell Feb. 17, with the report of a smaller-than-expected withdrawal of natural gas from US underground storage and a statement by Algeria's energy minister that the Organization of Petroleum Exporting Countries is unlikely to cut production any time soon.
  • 02/18/2005 -- EnCana to sell more oil, gas assets
    EnCana Corp., Calgary, has put 15 conventional properties in western Canada up for sale. In addition, it's in the process of divesting its 40% stake in 239 blocks in the Gulf of Mexico and its interests in Ecuador.
  • 02/18/2005 -- Santos buys gas assets in Australia
    Santos Ltd., Adelaide, has acquired Basin Oil Pty. Ltd. from joint venture partner, OMV Petroleum Pty. Ltd., UK, and, consequently, has gained all OMV's interests in the Gippsland basin in Victoria and the Cooper basin in South Australia.
  • 02/18/2005 -- Norway to sell more Statoil shares
    Norway's Ministry of Petroleum and Energy plans to offer 17.5 million shares of Statoil ASA to private investors in Norway and Europe during July, reducing the Norwegian government's stake to 71% from 76%.

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