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General Interest 2005 P

  • 02/22/2005 -- MARKET WATCH
    London crude futures price hovers near 3-week high

    Oil prices edged up Feb. 21 in London , hovering near a 3-week high set Feb. 17 on the International Petroleum Exchange.
  • 02/22/2005 -- Lasker to succeed Ruck at Ridgeway Petroleum helm
    Barry D. Lasker will succeed Walter B. Ruck as president and CEO of Ridgeway Petroleum Corp., Calgary independent with helium and carbon dioxide properties in Arizona and New Mexico. Lasker will be based in Houston.
  • 02/22/2005 -- SEC seeks Sarbanes-Oxley feedback
    The US Securities and Exchange Commission will hold a roundtable discussion Apr. 13 in Washington, DC, on implementation of Sect. 404 of the Sarbanes-Oxley Act of 2002.
  • 02/22/2005 -- Venezuela, Brazil form alliance, woo Cuba
    Venezuelan President Hugo Chávez and Brazilian President Luiz Inacio Lula da Silva agreed Feb. 21 to create a "strategic alliance" between the two countries. The 20 accords include cooperation in oil and gas production, refining, petrochemicals, energy, and avoidance of double taxation.
  • 02/23/2005 -- China to boost refining capacity, import Kazakh oil
    China is planning to boost its refining and petrochemical capacities ahead of the completion of a Kazakhstan-China pipeline and amid reports that Kazakhstan will substantially increase its production of oil, condensate, and natural gas in the coming year.
  • 02/23/2005 -- MARKET WATCH
    Colder weather pushes oil price above $51/bbl on NYMEX

    Spurred by colder weather and concerns about violence in the Middle East, crude prices shot above $51/bbl as the New York Mercantile Exchange resuming trading Feb. 22 after being closed the previous day for US Presidents' Day holiday.
  • 02/24/2005 -- Mitsubishi gets oil for Pertamina loan
    Japan's Mitsubishi Corp. reported it will import 20,000 b/d of crude oil for the next 6-7 years from Indonesia's state-owned oil and gas company Pertamina as part repayment for a $310 million loan to Pertamina that Mitsubishi and seven other lenders have arranged.
  • 02/24/2005 -- MARKET WATCH
    Crude futures prices slip in profit taking

    Crude futures prices declined slightly in profit taking Feb. 23 on the New York Mercantile Exchange, but heating oil and natural gas prices continued to climb with predictions of colder weather through early March.
  • 02/24/2005 -- Indonesia mulls withdrawing from OPEC
    Indonesia's concerns over its falling crude oil production has prompted the government to set up a team to review the country's membership in the Organization of Petroleum Exporting Countries (OPEC).
  • 02/24/2005 -- CERA: SEC reserves reporting system outdated
    The US Securities and Exchange Commission's system for reporting oil and natural gas reserves needs to be modernized to accurately describe existing asset values, Cambridge Energy Research Associates said in a recent report.
  • 02/25/2005 -- MARKET WATCH
    Oil prices rebound slightly

    Crude futures prices rebounded Feb. 24 on the New York Mercantile Exchange, recovering some of the loss to profit taking in the previous trading session.
  • 02/25/2005 -- Yukos bankruptcy case dismissed
    OAO Yukos is reviewing its options after a US judge dismissed a Chapter 11 bankruptcy case filed in Houston as part of an unsuccessful attempt to block the sale of Yukos unit Yuganskneftegas (OGJ Online, Dec. 15, 2004).
  • 02/25/2005 -- ONGC negotiating with Gazprom
    Oil & Natural Gas Corp. of India is negotiating with Russia's OAO Gazprom possible deals involving oil, natural gas, and petrochemicals.
  • 02/28/2005 -- MARKET WATCH
    Crude, natural gas prices climb

    Crude prices continued to climb Feb. 25, while natural gas prices made a strong increase, buoyed by colder-than-normal weather in the Northeast US.
  • 02/28/2005 -- EPCO to acquire TE Products Pipeline in $1.1 billion deal
    Enterprise GP Holdings LP, a unit of privately held Enterprise Products Co. Inc. (EPCO Inc.), acquired Texas Eastern Products Pipeline Co. LLC, a general partner of TEPPCO Partners LP, from Duke Energy Field Services LLC.
  • 03/01/2005 -- ONGC bids to acquire refining firms
    India has appointed a state panel to examine the restructuring of public energy enterprises after government-owned upstream company Oil & Natural Gas Corp. bid $5.9 billion to acquire state-run refiners Hindustan Petroleum Corp. Ltd. and Bharat Petroleum Corp. Ltd.
  • 03/01/2005 -- MARKET WATCH
    Heating oil price up as inventory tightens

    Crude oil and heating oil prices rose in trading on the New York Mercantile Exchange on Feb. 28 amid late-season cold in key markets.
  • 03/01/2005 -- Ex-North Coast chief forming Appalachian outfit
    YCM Inc., Twinsburg, Ohio, is a private capital management group being formed to develop reserves and acquire oil field service and manufacturing and equipment companies in the Appalachian basin.
  • 03/01/2005 -- Shell appoints Sweeney to Shell Renewables CEO post
    Graeme Sweeney has been appointed CEO of Shell Renewables and president of Shell Hydrogen. Graeme succeeds Karen de Segundo, who will retire on Mar. 31.
  • 03/01/2005 -- Showa Shell buys more Saudi oil
    Japan's Showa Shell Sekiyu KK signed a contract with Saudi Aramco to double its oil purchases to 300,000 b/d in a deal that will enable the company to cut imports from other Middle Eastern suppliers, apart from Iran.

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