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General Interest 2005 P12

  • 11/16/2005 -- Weyburn project demonstrates CO2 sequestration, EOR
    Five million tons of carbon dioxide were successfully sequestered in Weyburn oil field in Saskatchewan while the field's oil recovery rate doubled, the US Department of Energy reported. DOE helped fund the project.
  • 11/15/2005 -- IEA: WEO shows rising energy demand to 2030
    If governments stick to current policies, world energy needs will be more than 50% higher in 2030 than they are today, warned Paris-based International Energy Agency in its recently released World Energy Outlook 2005 (WEO 2005).
  • 11/15/2005 -- FACTS: Chinese oil demand growth to slow this year
    Although China's demand for petroleum products will continue to grow this year, the rate of growth may decline after unprecedented growth in 2004 of nearly 15%, said FACTS Inc. analyst Kang Wu in a recent report.
  • 11/15/2005 -- MARKET WATCH
    Crude futures price inches up

    The front-month crude futures price inched up in the New York market Nov. 14 after falling at the end of last week to the lowest intraday level since July.
  • 11/15/2005 -- Warning issued on EU gas, power deregulation
    The European Commission has warned members of the European Union to accelerate deregulation of their electricity and gas markets or face "stronger action."
  • 11/15/2005 -- Public trading due for Abu Dhabi company
    Shares of Aabar Petroleum Investments Co. will begin trading on the Abu Dhabi Securities Market Nov. 19 in what the company calls a first for the Persian Gulf region.
  • 11/15/2005 -- Norse Energy to buy Brazilian interests
    Norse Energy Corp. ASA of Norway has agreed to purchase a 30% interest in Estrela-do-Mar oil field and a 15% interest in Cavalo Marinho oil field off Brazil for $14 million.
  • 11/14/2005 -- MARKET WATCH
    Crude, product prices continue to fall

    Crude oil prices continued to fall on the New York market on Nov. 11, while gas prices rose.
  • 11/14/2005 -- Brazil sees oil self-sufficiency next year
    Brazil expects to achieve oil self-sufficiency next year by producing nearly 2 million b/d of oil, Finance Minister Silas Rondeau said.
  • 11/11/2005 -- Deepwater investment expected to show strong growth
    Investment in deepwater exploration, development, and production will remain strong during the next 5 years, totaling more than $20 billion/year by 2010, reported John Westwood Nov. 9 at the Deep Offshore Technology conference in Vitoria, Brazil.
  • 11/11/2005 -- MARKET WATCH
    Bearish inventory reports push down energy prices

    Energy prices continued to fall Nov. 10 with crude hitting a 5-month low on the New York market as traders ignored probable terrorist attacks earlier this week at three international hotels in Amman, Jordan, and focused instead on recent builds in US petroleum inventories.
  • 11/11/2005 -- PYR Energy appoints Kilpatrick as chairman
    Denver independent PYR Energy Corp. has appointed David B. Kilpatrick as its chairman.
  • 11/11/2005 -- Tenaris to supply tubulars for Schlumberger projects
    Tenaris, Houston, signed an agreement to provide tubular goods for service projects managed by Schlumberger Ltd.
  • 11/10/2005 -- US House drops ANWR leasing authorization from budget bill
    US House Republican leaders withdrew language authorizing oil and gas leasing within the Arctic National Wildlife Refuge from their version of the federal budget bill on the eve of its floor consideration.
  • 11/09/2005 -- MARKET WATCH
    Energy prices mixed in unfocused market

    Energy prices were mixed Nov. 8 as traders awaited signals whether markets are headed up or down.
  • 11/09/2005 -- Ziff: Western Canada F&D costs rising
    Finding and development costs for natural gas and conventional oil in Western Canada, excluding revisions, have increased 12% to $2.40/Mcf during 2004 compared with the previous year, according to Ziff Energy Group, Calgary.
  • 11/08/2005 -- IADC elects 2006 chairman
    Claus Chur, a board member and regional director of KCA Deutag, Bad Bentheim, Germany, has been elected chairman of the International Association of Drilling Contractors, effective Jan. 1, 2006.
  • 11/08/2005 -- Former oil minister links Iraq's recovery to political stability
    Iraq has set a 2006 yearend oil production target of 3 million b/d, but it will have to become much more stable politically to do so, the country's former oil minister said Nov. 8 in Washington, DC.
  • 11/08/2005 -- Houston Exploration selling Gulf of Mexico assets
    Houston Exploration Co. announces plans to divest its entire Gulf of Mexico asset base as it shifts its strategy to become a pure onshore US gas producer.
  • 11/08/2005 -- MARKET WATCH
    Warm weather undercuts crude futures prices

    Futures prices fell for crude and petroleum products Nov. 7, but natural gas futures prices rebounded, wiping out the previous day's loss, despite warm weather that has persisted through the first week of the winter heating season.
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