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General Interest 2005 P15

  • 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.
  • 10/13/2005 -- Asian, European firms dominate Libya's Round 2
    Aggressive bidding rewarded international oil companies from Asia and Europe when Libya's National Oil Corp. opened bids Oct. 2 in Round 2 of its EPSA IV (exploration and production-sharing agreement) program.
  • 10/12/2005 -- MARKET WATCH
    Energy prices bounce higher

    Commodity prices bounced higher Oct. 11 on separate predictions by the US Federal Reserve System and the Paris-based International Energy Agency of a 2006 rebound in demand for fuel.
  • 10/11/2005 -- CORRECTION: NOIA appoints new president, chief executive
    The Newfoundland Ocean Industries Association has appointed Michele English as its president and chief executive officer.
  • 10/11/2005 -- Iran's nuclear work seen rooted in politics
    The nuclear ambitions pushing Iran toward confrontation with the European Union and US have roots in domestic energy politics, says energy analyst Fereidun Fesharaki, senior fellow of the East-West Center in Honolulu.
  • 10/10/2005 -- BP to pay $21 million in Texas City refinery settlement
    BP Products North America Inc. has agreed to pay $21,361,500 in penalties under a settlement agreement with the US Occupational Safety and Health Administration for violations connected with the Mar. 23 explosion at BP's 446,500 b/cd Texas City, Tex., refinery.
  • 10/10/2005 -- OMV backs away from Tupras acquisition bid
    Austrian oil and gas company OMV AG reported last month that it had backed away from a binding offer to acquire a 51% stake in the Turkish refining company Turkiye Petrol Rafinerileri Anonim Sirke (Tupras).
  • 10/10/2005 -- US House narrowly passes bill on refining, pipelines
    The US House of Representatives passed the Energy and Commerce Committee's refining and pipeline bill Oct. 7 by a two-vote margin (OGJ Online, Oct. 4, 2005). But as members headed to their home districts for a week-long Columbus Day recess, it was still not clear how much effect the measure will have.
  • 10/10/2005 -- MARKET WATCH
    Crude futures price gain ends 5-day fall on NYMEX

    Crude futures prices increased slightly Oct. 7 after a 5-day losing streak as oil and gas production in the Gulf of Mexico remained slow to recover from hurricane damage.
  • 10/07/2005 -- Ineos agrees to buy Innovene from BP
    Ineos Group Holdings Inc. has agreed to buy Innovene, a wholly owned BP PLC petrochemical and refining subsidiary formed earlier this year (OGJ Online, Mar. 22, 2005).
  • 10/05/2005 -- Partial easing of OCS moratoriums worries Floridians
    Governor, lawmakers alarmed over House bill provision that would terminate leasing moratoriums and acreage withdrawals for gas activity on the Outer Continental Shelf.
  • 10/05/2005 -- Interior secretary assesses gulf hurricane damage
    Offshore oil and gas operations in the Gulf of Mexico survived the one-two punch of Hurricanes Katrina and Rita reasonably well, with no loss of life or significant spills, Sec. of the Interior Gale Norton said Oct. 4.
  • 10/04/2005 -- NPRA president urges reasoned look at refining issues
    Bob Slaughter is pleased that limited US refining capacity finally is getting wide attention in the days and weeks following Hurricanes Katrina and Rita. But the National Petrochemical & Refiners Association president doesn't like many of the responses that have been proposed.
  • 10/04/2005 -- WoodMac: Hurricanes hit 'every link of energy chain'
    Every link in the energy chain—upstream, processing, pipelines, and the support infrastructure maintaining them—was affected by Hurricanes Katrina and Rita, notes a report released Oct. 3 by Wood Mackenzie in Houston.
  • 10/03/2005 -- Terax gains Barnett shale acreage in Texas
    Terax Energy Inc., Austin, has acquired 100% working interest in a 2,000-acre block adjacent to its 5,200 acres in Comanche County, Tex.
  • 10/03/2005 -- MARKET WATCH
    Energy prices retreat in profit-taking

    Energy futures prices retreated in profit-taking Sept. 30, albeit to still high levels as traders continued to worry about possible supply shortages this winter.
  • 09/29/2005 -- Gazprom to buy controlling stake in Sibneft
    Russia's state-controlled OAO Gazprom plans to acquire 72.7% of oil company OAO Sibneft for $13.1 billion in a transaction that will raise Gazprom's total stake in Sibneft to 75.7%.
  • 09/29/2005 -- Two House committees pass oil and gas supply bills
    The two US House committees with jurisdiction over energy reported separate bills aimed at increasing domestic oil and gas supplies. The Energy and Commerce Committee's measure passed along party lines, with support from Republicans and opposition from Democrats. The Resource Committee's bill had bipartisan support, passing 27-16, with four Democrats voting for it.
  • 09/28/2005 -- NGSA: Hurricanes hit already tight US gas supplies
    Hurricanes Katrina and Rita aggravated an already tightening natural gas supply situation, increasing prospects for higher prices this heating season, the Natural Gas Supply Association said.
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