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General Interest 2005 P
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08/23/2005 -- MARKET WATCH
Storms drive up natural gas futures price
Storm activity in the Gulf of Mexico and the Atlantic Ocean helped push up US natural gas prices on Aug. 22. -
08/23/2005 -- Venezuela offers relief oil to Ecuador
Venezuelan President Hugo Chávez offered to provide Ecuador oil after protestors disrupted operations by state-owned Petroecuador in the provinces of Orellana and Sucumbios. -
08/23/2005 -- China responds to Guangdong price jump
The Chinese government has taken "urgent measures" to correct problems of oil product supply in Guangdong Province, an official of the National Development and Reform Commission told state media. -
08/23/2005 -- Center to study subsurface CO2 storage
The Scottish Center for Carbon Storage Research has been established in Edinburgh to conduct a 4-year investigation into the storage of carbon dioxide in underground reservoirs. -
08/22/2005 -- Plains All American to buy Sempra unit's gas storage
Plains All American Pipeline LP and Vulcan Capital agreed to pay $250 million to acquire a Sempra Energy subsidiary having two natural gas storage utilities. -
08/22/2005 -- CNPC unit bids for PetroKazakhstan
A unit of China National Petroleum Corp. has offered $4.18 billion for PetroKazakhstan Inc., Calgary, and the boards of both companies have approved the offer. -
08/22/2005 -- MARKET WATCH
Global turmoil triggers rebound in energy prices
Energy prices spiked higher on Aug. 19, regaining most of oil futures losses earlier last week on the New York market, as protestors disrupted crude production in Ecuador and Nigeria, and a terrorist rocket attack narrowly missed two US Navy vessels in the port of Aqaba, Jordan, near the borders of both Israel and Saudi Arabia. -
08/19/2005 -- SK Corp. consortium named preferred bidder for Incheon refinery
A South Korean court has chosen a consortium led by SK Corp. as the preferred bidder for the sale of Incheon Oil Refinery Co. -
08/19/2005 -- CanWest Petroleum names exploration vice-president
CanWest Petroleum Corp. has named Errin Kimball vice-president, exploration, for Oilsands Quest Inc. an operating subsidiary of CanWest. -
08/19/2005 -- MARKET WATCH
Energy futures prices are mixed
Energy prices were mixed but little changed Aug. 18, after plummeting in the previous session as speculators took profits amid signals that high prices are decreasing demand. -
08/18/2005 -- International PetroReal retains Nelson as consultant
International PetroReal Oil Corp., Vancouver, BC, retained D.O. "Swede" Nelson as an energy-petroleum industry consultant. -
08/18/2005 -- MARKET WATCH
Energy prices plummet as demand falls
Energy prices plummeted Aug. 18, but not to any bargain levels, as the American Petroleum Institute reported a big drop in US demand during July because of high fuel prices. -
08/17/2005 -- MARKET WATCH
Crude futures prices slip
Crude futures prices slipped slightly on Aug. 16 as traders anticipated another report this week of a build in commercial US inventories. -
08/17/2005 -- Western Australia power station to use gas
Western Australia has chosen natural gas rather than coal for the state's next baseload electric power station. -
08/17/2005 -- ICF: Refining limits crimping fuel supply
Lack of refinery capacity may become a greater fuel supply problem than availability of crude oil over the next 5-10 years, said ICF Consulting Group Inc., Fairfax, Va. -
08/16/2005 -- IEA: Russian oil output rising despite slower growth
Although the rate of increase has slowed, Russian oil production will rise by 2-3% during 2005-06, the International Energy Agency reported after a visit of its secretariat to Moscow. -
08/16/2005 -- Tillerson expected to succeed Raymond at ExxonMobil helm
ExxonMobil Corp. Chairman and Chief Executive Officer Lee Raymond has announced his intention to retire at yearend after more than 42 years of service, including 21 years as a director. It is expected the company's board will elect Rex W. Tillerson, currently president, as Raymond's successor. -
08/16/2005 -- MARKET WATCH
Energy prices slip from record highs
Energy futures prices dipped from record highs in profit taking Aug. 15 as some of the 14 refineries that had suffered various outages since late July brought some units back online. -
08/15/2005 -- MARKET WATCH
Crude futures top $66/bbl in New York, London markets
Crude futures prices pushed past $66/bbl to new highs Aug. 12 in both the New York and London markets as international tensions and refinery outages continued to fan trader's fears of supply shortages. -
08/12/2005 -- MARKET WATCH
Energy prices continue climbing
Energy futures prices continued to escalate to new heights Aug. 11, with increased concerns about Middle East crude supplies and the tightening US gasoline market.
