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General Interest 2005 P

  • 04/05/2005 -- Attention to industry stakeholders called essential
    Paying attention to the needs of all stakeholder interests is essential to successful petroleum industry operations, speakers emphasized at a Canadian Energy Research Institute (CERI) environmental conference.
  • 04/06/2005 -- MARKET WATCH
    Energy prices fall as US crude stocks increase

    Energy prices continued to decline Apr. 5 with the sell off of gasoline futures contracts amid expectations of a continued build in US inventories of crude.
  • 04/06/2005 -- Petrohawk to buy Mission Resources
    Petrohawk Energy Corp., Houston, has agreed to acquire Mission Resources Corp., Houston, for a combination of $135 million and 19.2 million Petrohawk common shares plus assumption of Petrohawk's debt.
  • 04/07/2005 -- Organic production growth expected to improve
    Banc of America Securities LLC estimates that its exploration and production coverage group will increase aggregate organic production at a 3.8% compound annual growth rate (CAGR) through 2009.
  • 04/07/2005 -- FERC Chairman Pat Wood leaving office
    US Federal Energy Regulatory Commission Chairman Pat Wood III told his staff on Apr. 7 that he will leave FERC when his term expires June 30, saying he wants to return his family to Texas.
  • 04/08/2005 -- MARKET WATCH
    Energy prices fall as worries wane over gasoline supplies

    Energy prices continued their downward spiral Apr. 7, led by the fall off in gasoline futures prices, which some analysts suspect may have hit a peak for 2005 at the start of this week.
  • 04/11/2005 -- Bill would let states override moratoriums
    Sens. Lamar Alexander (R-Tenn.) and Tim Johnson (D-SD) have introduced legislation that would give governors the power to override federal drilling bans and approve exploration and production off their states.
  • 04/12/2005 -- Wintershall, Gazprom to develop gas field
    Russia natural gas giant OAO Gazprom and Wintershall AG of Germany agreed to jointly develop Yuzhno-Russkoye gas field in western Siberia. They expect production to start in 2008.
  • 04/13/2005 -- ChevronTexaco, WAERA form research alliance
    ChevronTexaco Australia Pty. Ltd. and the Western Australian Energy Research Alliance (WAERA), both of Perth, have formed a multimillion-dollar strategic research alliance in Australia. The new entity—the Western Australian Alliance for Advanced Energy Solutions—will undertake petroleum industry research, technology development, and education and training projects, reported ChevronTexaco Corp.
  • 04/13/2005 -- CNOOC acquires stake in Alberta oil sands
    State-owned CNOOC Ltd. of China said its subsidiary, CNOOC Belgium, agreed to buy a 16.69% stake in privately owned MEG Energy Corp., Calgary, for $150 million (Can.), giving CNOOC entry into Alberta oil sands acreage.
  • 04/13/2005 -- MARKET WATCH
    Crude futures price falls to 42-day low on NYMEX

    Energy prices plunged again Apr. 12, wiping out the previous day's small rebound, as Paris-based International Energy Agency for the first time in many months lowered its predicted growth in world demand for crude.
  • 04/13/2005 -- LNG's challenges can be met, experts say
    Increasing LNG imports' contribution to total US natural gas resources poses a wide range of challenges, four experts conceded during an Energy Information Administration conference Apr. 12 in Washington, DC.
  • 04/14/2005 -- USGS official upbeat about oil reserves
    There are much more oil reserves left in the world than many of the pessimistic forecasts make out, according to Peter McCabe, senior research geologist at the US Geological Survey, speaking at the annual Australian Petroleum Production and Exploration Association (APPEA) conference in Perth.
  • 04/14/2005 -- Houston Exploration appoints senior vice-president
    Houston Exploration Co. appointed Jeffrey B. Sherrick as senior vice-president of corporate development.
  • 04/14/2005 -- MARKET WATCH
    Crude futures price falls to 7-week low

    The near-month crude futures price fell to a 7-week low Apr. 13 on the New York market as traders concentrated on reported builds in US inventories of crude and gasoline.
  • 04/14/2005 -- Japan, China dispute drilling in area of East China Sea
    Japanese Prime Minister Junichiro Koizumi has called for dialogue between Japan and China to help settle their growing disagreement over oil and gas drilling rights in disputed waters off the East China Sea.
  • 04/14/2005 -- Enterra to buy Rocky Mountain Gas
    Enterra Energy Trust has agreed to acquire Rocky Mountain Gas Inc. (RMG) for $20 million plus the assumption of $3.5 million of debt.
  • 04/15/2005 -- MARKET WATCH
    Heating oil leads energy futures market rally

    Energy prices rebounded Apr. 14, led by a rally in the heating oil market that soon had traders scrambling to cover open sales positions in other energy commodities
  • 04/15/2005 -- BASF, Gazprom to develop Russia gas field
    Russian natural gas giant OAO Gazprom and Germany's BASF AG subsidiary Wintershall AG agreed to jointly develop Yuzhno-Russkoye gas field in western Siberia.
  • 04/18/2005 -- PDVSA reviewing 32 operating agreements
    Venezuelan officials have instructed state oil firm Petroleos de Venezuela SA to review the accounting practices in 32 operating agreements that PDVSA signed with oil companies during 1992-97.

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