General Interest 2005 P

09/22/2005 -- MARKET WATCH
Hurricane Rita raises energy prices
Energy prices rebounded Sept. 21 as Hurricane Rita, the third largest storm ever to threaten the US, roared through the Gulf of Mexico toward the upper Texas coast.
09/21/2005 -- MARKET WATCH
Energy prices fall as OPEC pledges spare capacity
Energy prices retreated Sept. 20 but kept most of the gains from record spikes in the previous session as the Organization of Petroleum Exporting Countries promised, if necessary, to release its remaining 2 million b/d of spare production capacity for a period of 3 months, starting Oct. 1.
09/21/2005 -- MarkWest Energy buying Javelina gas plant
MarkWest Energy Partners LP, Denver, agreed to buy the Javelina Co. gas processing and fractionation plant in Corpus Christi, Tex., from El Paso Corp., Kerr McGee Corp., and Valero Energy Corp. for $355 million.
09/20/2005 -- Total acquires African fuel and lube assets
Total SA has concluded agreements to acquire the fuels and lubricants assets of ExxonMobil Corp. subsidiaries in 14 African countries (OGJ Online, Sept. 12, 2005).
09/20/2005 -- Dingell seeks DOE information on refining capacity options
The House Energy and Commerce Committee's chief minority member has requested help from the US Department of Energy in addressing the domestic oil refining situation.
09/20/2005 -- MARKET WATCH
New storm bumps natural gas price to record high
Energy prices soared Sept. 19 as natural gas futures closed at a record high on the New York Mercantile Exchange on market fears that Tropical Storm Rita will build into a hurricane that could follow the same destructive path through the central Gulf of Mexico as Hurricane Katrina.
09/19/2005 -- Tropical Storm Rita renews gulf evacuations
Even as they worked to bring offshore production back on stream from Hurricane Katrina, oil companies again began to evacuate facilities in the Gulf of Mexico ahead of Tropical Storm Rita, which was building to hurricane strength as it threatened the Florida Keys on Sept. 19.
09/19/2005 -- FERC addresses offshore gathering jurisdiction
The Federal Energy Regulatory Commission has begun to examine whether it might reassert jurisdiction over offshore natural gas gathering operations.
09/19/2005 -- Norsk Hydro acquiring Spinnaker Exploration
Norsk Hydro ASA plans to acquire Spinnaker Exploration Co., Houston, in a $2.56 billion transaction geared to boost Norsk Hydro's presence in the Gulf of Mexico and raise its overall international production.
09/19/2005 -- EnCana sells oil, pipeline interests in Ecuador
EnCana Corp., Calgary, agreed to sell all its oil and pipeline holdings in Ecuador to Andes Petroleum Co., a consortium of Chinese oil companies led by China National Petroleum Corp, for $1.42 billion.
09/16/2005 -- Crosstex appoints senior vice-president
Crosstex Energy LP has appointed Danny L. Thompson as senior vice-president, engineering and operations.
09/16/2005 -- Harvest names Edmiston president, CEO
Harvest Natural Resources Inc. has elected James A. Edmiston president and chief executive officer, effective Oct. 1.
09/16/2005 -- Class-action suit blames energy firms for Katrina's damage
Five Louisiana residents filed a class-action lawsuit against 10 major producer and pipeline companies, claiming damage inflicted by those firms on the coastal marshes of south Louisiana was a cause of "all, or almost all, of the loss of life and destruction of property that resulted from Hurricane Katrina."
09/16/2005 -- Onshore repairs may take until yearend, MMS chief says
Oil and natural gas production is slowly returning from the Gulf of Mexico following Hurricane Katrina, but it could take at least until the end of 2005 before onshore transportation and distribution is fully restored, US Minerals Management Service Director Johnnie Burton said Sept. 16.
09/16/2005 -- CERA: LNG, conservation needed in natural gas market
Development of new LNG facilities is the only way to reduce prices and volatility in the North American natural gas market, and development must begin in 2008, said Michael Zenker, a senior director of Cambridge Energy Research Associates, in testimony before the US House Government Reform Subcommittee on Energy and Resources.
09/16/2005 -- MARKET WATCH
Crude prices dip as OPEC predicts lower demand
Crude futures prices declined Sept. 15 as the Organization of Petroleum Exporting Countries reduced its forecasts for growth in world oil demand, citing weak growth in the first half of this year and recently record-high prices.
09/16/2005 -- Boulet named president of Canada's Pebercan
Pebercan Inc., Montreal, appointed Frederic Boulet as president and chief executive officer. He succeeds Gilles Frachon, who will focus on Pebercan's two subsidiaries.
09/15/2005 -- MARKET WATCH
Energy prices rebound with inventory surprises
Energy prices rebounded Sept. 14 with government reports that US crude inventories fell and gasoline stocks rose more than traders had expected.
09/15/2005 -- Antares Energy sells gas fields in Turkey
Antares Energy Ltd., Perth, sold its Turkish gas fields and operations to Zorlu Petrogas, a subsidiary of Turkish energy giant Zorlu Energy, for $54 million (Aus).
09/14/2005 -- Survey gauges oil-price effects on multinational firms
High oil prices are taking a toll on US-based multinational companies, making senior executives less optimistic and more uncertain about the future, said analysts at PricewaterhouseCoopers LLP, New York.

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