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General Interest 2005 P

  • 10/27/2005 -- Sri Lanka creates petroleum ministry
    Sri Lanka President Chandrika Kumaratunga announced that she will function as minister of a new Petroleum Resource Development Ministry.
  • 10/26/2005 -- Audubon Society chief urges compromise
    While oil companies receive blame for greenhouse gases and climate change, the business community to which they belong provides leadership in addressing global warming, National Audubon Society Pres. John Flicker told the annual meeting of the Independent Petroleum Association of America.
  • 10/26/2005 -- MARKET WATCH
    Cooler weather buoys energy prices

    Energy prices jumped Oct. 25 as a cold snap in the US Midwest and Northeast prompted worries about possible shortages of natural gas and heating oil this winter.
  • 10/26/2005 -- Republican leaders urge refining investment
    As a US Senate committee prepared to mark up its version of a bill to facilitate additions to domestic refining capacity, House Speaker J. Dennis Hastert of Illinois and four other Republican House leaders said oil companies should spend more on new refining capacity.
  • 10/25/2005 -- House budget package contains major OCS provisions
    When the US House Resources Committee marks up budget reconciliation legislation this week, the section that would authorize oil and gas leasing on the Arctic National Wildlife Refuge's coastal plain will get most of the attention.
  • 10/24/2005 -- MARKET WATCH
    Hurricane forces evacuations; prices up

    Crude oil prices increased Oct. 21 as Hurricane Wilma pushed large swells into the Gulf of Mexico, forcing more evacuations of rigs and platforms and shutting in more production.
  • 10/21/2005 -- Talisman acquiring Paladin Resources
    A subsidiary of Calgary independent Talisman Energy Inc. agreed to acquire British producer Paladin Resources PLC for $2.5 billion (Can.).
  • 10/21/2005 -- Vermilion negotiating to buy Esso REP stake
    Vermilion REP, an affiliate of Vermilion Energy Trust, Calgary, is negotiating with Esso SAF to purchase its 90% stake in the French exploration and production unit Esso REP.
  • 10/21/2005 -- MARKET WATCH
    Energy prices continue downward spiral

    Crude and gasoline futures prices tumbled to their lowest levels in months on Oct. 20.
  • 10/20/2005 -- MARKET WATCH
    Crude prices continue to slump

    Crude prices continued to retreat Oct. 19 as US inventories increased and powerful Hurricane Wilma appeared still on track to strike western Florida this weekend.
  • 10/19/2005 -- Encore buying production in Texas, Oklahoma
    Encore Acquisition Co., Fort Worth, agreed to buy oil and gas properties in the Permian and Anadarko basins from Kerr-McGee Corp. for $104 million.
  • 10/19/2005 -- Senate committee approves ANWR leasing
    Congressional authorization to issue oil and gas leases in the Arctic National Wildlife Refuge advanced a step Oct. 19 as the Senate Energy and Natural Resources Committee approved the move by a 13-9 vote.
  • 10/19/2005 -- MARKET WATCH
    Energy prices fall as Wilma heads for Florida

    Energy prices fell sharply Oct. 18, eliminating much of the gains from the previous trading session, as Hurricane Wilma appeared to be tracking toward Florida.
  • 10/19/2005 -- Senate committee starts work on US refining bill
    Less than 2 weeks after the US House of Representatives passed a bill on the same subject, the Senate took up legislation aimed at increasing domestic refining capacity. The Environment and Public Works Committee held a hearing Oct. 18 on S. 1772, the Gas Petroleum Refiner Improvement and Community Empowerment (or Gas PRICE) Act.
  • 10/18/2005 -- Pearl moves to buy holder of Indonesian PSC
    Pearl Energy Ltd., Singapore, has signed a nonbinding memorandum of understanding to acquire 100% of issued share capital of Sebana Ltd. of the Virgin Islands from Indonesia's PT Petroland Energi.
  • 10/18/2005 -- IFP notes rising outlays for services, equipment
    Spending on oil and gas services and equipment, which began increasing during 2003-04, has accelerated this year due to expectations that oil and gas prices will remain high.
  • 10/18/2005 -- MARKET WATCH
    Tropical Storm Wilma raises energy prices

    Energy prices escalated Oct. 17 as Tropical Storm Wilma became the 21st named storm in the current Atlantic hurricane season.
  • 10/14/2005 -- Caribbean nations want PetroCaribe change
    Three Caribbean governments are to ask Venezuelan President Hugo Chávez to reconsider some of the terms of the PetroCaribe agreement that the governments say run contrary to the spirit of the Caricom treaty.
  • 10/13/2005 -- Reconstituted Sheer Energy becomes Cygam Energy
    Sheer Energy Inc., Calgary, completed the acquisition of Rigo Oil Co. Ltd., Vega Oil SpA, and units of Peyto Energy Trust.
  • 10/13/2005 -- Analyst sees problems for expected LNG construction
    The LNG industry would have "no problem" in building liquefaction, transport, and regasification capacity for 120 million tonnes of additional LNG by 2012, but many financial and human resource problems must be overcome "if more is demanded," said J.P. Chevriere, president of Transmar Consult Inc., Houston.

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