General Interest 2005 P

09/06/2005 -- MARKET WATCH
Energy prices fall with input of supplies
Energy futures prices dropped sharply Sept. 2 but remained well above the $65/bbl mark as traders locked in profits from the recent hurricane-related rally.
09/02/2005 -- Pioneer Natural Resources to divest assets
Pioneer Natural Resources Co. is pursuing divestment of properties in the deepwater Gulf of Mexico and of its nonoperated properties in southern Argentina's Tierra del Fuego.
09/02/2005 -- US waives Jones Act in Katrina aftermath
The US Department of Homeland Security has waived the Jones Act, allowing foreign-flagged vessels to transport cargos between US ports.
09/02/2005 -- MARKET WATCH
Energy prices rebound; IEA releases crude
Energy prices rebounded Sept. 1 as a storm-battered US Gulf Coast oil and gas industry struggled to resume operatations.
09/01/2005 -- Valero closes its Premcor acquisition
Valero Energy Corp. closed its acquisition of Premcor Refining Group Inc. on Sept. 1, making Valero the largest refining company in North America with 18 refineries.
09/01/2005 -- DTE Energy unit buys Barnett shale assets
A subsidiary of DTE Energy Co., Detroit, acquired leasehold mineral rights and 40 producing gas wells on 18,000 acres in the Barnett shale in Jack County, Tex.
09/01/2005 -- MARKET WATCH
Markets adjust as industry assesses damage
Crude futures prices dipped Aug. 31 as President George W. Bush authorized the US Department of Energy to take crude from the Strategic Petroleum Reserve for refiners whose supplies were disrupted by Hurricane Katrina.
09/01/2005 -- Woodside acquires gulf player Gryphon Exploration
Woodside Petroleum Ltd. has acquired Gulf of Mexico independent Gryphon Exploration Co., Houston, for $283 million plus assumption of $14 million in debt.
08/30/2005 -- Relief extension sought for 5-b/d wells
Two associations representing California independent operators asked the US Bureau of Land Management to extend the Stripper Well Royalty Relief Program for wells producing less than 5 b/d of oil.
08/30/2005 -- MARKET WATCH
Katrina hikes crude, natural gas prices
The expiring September natural gas contract hit an intraday high of $12.07/MMbtu on Aug. 29 as the New York Mercantile Exchange declared "force majeure" against future deliveries for the first time in the 15 years it has been trading natural gas contracts.
08/29/2005 -- MARKET WATCH
Energy prices seesaw as Katrina fools markets
Energy prices shot to new highs in early trading Aug. 29 after Katrina, a category 4 hurricane, ripped through the oil and natural gas producing area of the central Gulf of Mexico and came ashore before dawn east of New Orleans.
08/26/2005 -- Hawaii imposes wholesale gasoline price cap
The Hawaii Public Utilities Commission has set a cap on wholesale gasoline prices, effective Sept. 1. It's the first time a state has established a gasoline price cap.
08/26/2005 -- MARKET WATCH
Crude futures market explores new highs
Crude energy prices inched up to new highs Aug. 25, briefly touching $68/bbl in overnight electronic trading in the New York market even as it became evident that slow-moving Tropical Storm Katrina posed no immediate threat to oil and natural gas production in the Gulf of Mexico.
08/25/2005 -- Venezula's Chavez using oil for influence in S. America
Venezuelan President Hugo Chavez is increasingly using oil to gain influence in South America and to advance his effort to create a regional oil company called Petrosur.
08/25/2005 -- MARKET WATCH
Crude futures prices hit new highs
Crude futures prices escalated to record highs Aug. 24 in the forefront of an approaching storm and worries about tight gasoline supplies.
08/25/2005 -- Range Resources appoints Gulf Coast division manager
Range Resources Corp., Fort Worth, promoted Steven M. Curran to manager of the Gulf Coast Division.
08/24/2005 -- Calvalley appoints Tkachuk to senior position
Calvalley Petroleum Inc., Calgary, has named David Tkachuk to senior vice-president and managing director of Calvalley's Yemen operations.
08/24/2005 -- MMS seeks comment on next 5-year OCS plan
The US Minerals Management Service is seeking initial public comment on development of its next 5-year Outer Continental Shelf leasing plan for the Gulf of Mexico.
08/24/2005 -- Indonesia plans 1,200 km natural gas line
The Indonesian government plans to build a 1,200 km pipeline from natural gas fields in East Kalimantan to Java at a cost of $1.2 billion.
08/24/2005 -- MARKET WATCH
Crude futures prices inch up as storm strengthens
Crude futures prices continued to inch up Aug. 23 as traders worried about storms in the Gulf of Mexico and tight supplies.

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General Interest 2005 P