General Interest 2005 P

09/14/2005 -- Potential Gas Committee pegs US resource at 1,308 tcf
Total US natural gas resources at yearend 2004 amounted to 1,308 tcf, the Potential Gas Committee said in its latest biennial report.
09/14/2005 -- MARKET WATCH
Markets mixed as recovery stalls
Oil and gas markets were mixed Sept. 13, with the front-month natural gas contract falling below $11/MMbtu for the first time in 15 days among expectations that recently high energy prices will curb global demand.
09/13/2005 -- Agencies to resist Equilon antitrust ruling
The US Federal Trade Commission authorized the staff of its general counsel's office to file a joint amicus brief with the Department of Justice asking the Supreme Court to reverse a lower court's finding that Texaco Inc. and Shell Oil Co.'s refining and marketing joint venture violated the Sherman Antitrust Act.
09/13/2005 -- MARKET WATCH
Energy prices continue to erode
Crude futures prices continued to erode on Sept. 12, falling to levels last seen in mid-August before Hurricane Katrina disrupted Gulf of Mexico oil and gas production and US product supplies.
09/13/2005 -- Montana governor campaigns for fuels from coal
Montana Gov. Brian Schweitzer is urging executives from oil companies and technology companies to finance Fischer-Tropsch (FT) projects that would convert coal into gasoline and diesel.
09/13/2005 -- French official threatens 'windfall profit' tax
French Finance and Economy Minister Thierry Breton has threatened to initiate a windfall profits tax against oil majors Total SA, Esso, BP PLC, and Royal Dutch Shell PLC—all of which operate refineries in France—if they do not develop "concrete and tangible proposals" to "return to consumers a part of the exceptional profits corresponding to an exceptional situation amassed since the beginning of the year." The proposals are due at a Sept. 16 meeting Breton has convened.
09/12/2005 -- Mariner Energy to buy Forest's offshore assets
Forest Oil Corp., Denver, is spinning off its Gulf of Mexico assets into a Forest stockholder-owned company, Spinco, which in turn is being acquired by Mariner Energy Inc., Houston, in a stock-for-stock transaction.
09/12/2005 -- MARKET WATCH
Energy prices continue to slip
Energy prices slipped Sept. 9 as Gulf Coast oil and natural gas operations continued to recover from Hurricane Katrina amid projections that energy demand had weakened because of damage to factories and businesses in the storm area.
09/12/2005 -- EIA sees high US energy costs this winter
Tight world oil markets coupled with the ravages of Hurricane Katrina have set the stage for a potentially expensive winter heating season, the Energy Information Administration said in its latest Short-Term Energy Outlook.
09/09/2005 -- Capco Energy names interim CEO, president
Ilyas Chaudhary has been named interim chief executive officer and president of Capco Energy Inc., Houston.
09/09/2005 -- Furbacher promoted to Dynegy president, COO
Dynegy Inc., Houston, has promoted Stephen A. Furbacher to president and chief operating officer.
09/09/2005 -- Stratic Energy appoints new president and chief executive
Calgary-based Stratic Energy Corp. has appointed Kevin Watts as president and chief executive officer. He succeeds Hugh Ross, who will become vice-chairman.
09/09/2005 -- Byers appointed BP Energy president, chief executive
Cameron Byers has been appointed president of BP PLC's North American gas and power merchant energy business.
09/09/2005 -- Koch Pipeline Co. names new president
Bob O'Hair has been promoted to president of Koch Pipeline Co. LP, Corpus Christi, Tex. O'Hair succeeds Pat McCann, who has accepted a position with Koch Industries Inc.'s operations excellence group.
09/09/2005 -- MARKET WATCH
Energy prices increase slightly
Energy prices generally increased slightly Sept. 8, perhaps having bottomed out in their recent decline as more crude oil and petroleum products came available in the aftermath of Hurricane Katrina.
09/08/2005 -- MARKET WATCH
Energy prices spiral down as supplies increase
Energy prices continued to spiral down with crude futures falling under $65/bbl Sept. 7 on the New York Mercantile exchange amid reports of continued recovery of Gulf of Mexico production and emergency oil supplies being released to markets.
09/07/2005 -- Congress warned of limits to gasoline price relief
US gasoline markets already were tight when Hurricane Katrina devastated the Gulf Coast, and recovery from the storm's damage will only moderately relieve the resulting price spike, government and industry leaders told two congressional committees.
09/07/2005 -- Attorneys general target gasoline prices
Michigan Atty. Gen. Mike Cox said he joined more than 30 attorneys general across the US—including Alabama's Troy King and Florida's Charlie Crist, whose states were hit by Hurricane Katrina—in a multistate comprehensive investigation of gasoline prices.
09/07/2005 -- MARKET WATCH
Energy prices fall as supplies increase
Energy prices continued to fall Sept. 6 as oil and gas production ramped up in the Gulf of Mexico and Gulf Coast refineries resumed operation in the wake of Hurricane Katrina.
09/07/2005 -- EIA: Gulf oil, gas flow nearly normal by December
Oil and gas production and distribution from the hurricane-ravaged US Gulf Coast will return to nearly normal operation by December, predicts the US Energy Information Administration.

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