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General Interest 2005 P19

  • 08/10/2005 -- Robinson named APPEA executive director
    Belinda Robinson has succeeded Barry Jones as executive director of the Australian Petroleum Production & Exploration Association (APPEA).
  • 08/10/2005 -- MARKET WATCH
    Crude prices fall upon reassurance from OPEC

    Crude futures prices fell from a record high Aug. 9 on the New York market after the head of the Organization of Petroleum Exporting Countries reiterated that members are committed to providing additional supplies.
  • 08/09/2005 -- MARKET WATCH
    Middle East threats boost crude over $63/bbl

    Crude futures prices jumped to a new high above $63/bbl on Aug. 8 after the US closed its embassy and consulates in Saudi Arabia amid warnings of possible terrorist attacks in that country.
  • 08/09/2005 -- PDVSA signs agreements with oil companies
    Petroleos de Venezuela SA has signed transitional agreements with eight oil companies to convert their operating service agreements into joint ventures with the government.
  • 08/09/2005 -- Geocan to acquire Assure Energy
    Geocan Energy Inc. and Assure Energy Inc., both of Calgary, have entered into an agreement whereby Geocan will acquire Assure's outstanding and issued stock for $48.3 million (Can.).
  • 08/08/2005 -- International Sovereign's operations names vice-president, operations
    International Sovereign Energy Corp., Vancouver, BC, appointed G. David Quinn as vice-president, operations.
  • 08/08/2005 -- Kerr-McGee selling its North Sea assets
    Maersk Olie & Gas AS, Copenhagen, plans to buy most of Kerr-McGee Corp.'s North Sea assets for $2.95 billion. The UK's Centrica PLC agreed to buy four North Sea fields and exploration acreage from the Oklahoma City producer for $566 million.
  • 08/08/2005 -- Vintage to cite treaty in Bolivian lawsuit
    Vintage Petroleum Inc., Tulsa, has told Bolivia that it will cite a bilateral treaty protecting investment in a lawsuit challenging the country's Hydrocarbons Act passed last May by Congress and signed by interim President Eduardo Rodriguez.
  • 08/08/2005 -- MARKET WATCH
    Crude, gas futures prices at record levels

    Crude oil and natural gas futures contracts closed at new highs on the New York market Aug. 5 amid trader's continued worries whether world supplies can meet fourth quarter demands.
  • 08/05/2005 -- Sasol considers selling olefins business
    Sasol Ltd. said it wants to sell its olefins and surfactants (O&S) business, Condea Servo BV, much of which Sasol acquired from RWE-Dea, Hamburg, in 2001, the South African company said Aug. 1.
  • 08/05/2005 -- Mauritanian work continues despite coup
    International oil companies working in Mauritania have expressed confidence about operations in the country despite a bloodless military coup that toppled the government of former President Maaouya Ould Sid'Ahmed Taya while he was abroad on Aug 3.
  • 08/05/2005 -- Maintenance, Spanish demand to lower US LNG imports
    Work on a jetty line at Atlantic LNG Co. (ALNG) of Trinidad & Tobago's Point Fortin export facility, the draw from Spain, and "chronic" planned maintenance at Dominion Cove Point LNG LP's Maryland import facility "will have a profound affect on US LNG imports in August," according to Commercial Services Co. Ltd.
  • 08/05/2005 -- MARKET WATCH
    Crude prices rebound above $61/bbl

    Crude prices rebounded above $61/bbl, and natural gas hit a 9-month high in the New York futures market following a bullish government report Aug. 4 on US gas storage.
  • 08/04/2005 -- Total SA to acquire Deer Creek Energy
    Total SA plans to acquire Deer Creek Energy Ltd., Calgary, for $1.11 billion as part of its strategy of expanding heavy oil operations.
  • 08/04/2005 -- Harvest considers arbitration in tax dispute
    Harvest Natural Resources Inc. is considering going to international arbitration over tax evasion claims that the Venezuelan government has made against the Houston independent oil company, its top executive said.
  • 08/04/2005 -- Valero plans to cease production of MTBE
    Valero Energy Corp. announced that it plans to quit producing methyl tertiary butyl ether next spring in an effort to reduce its exposure to product liability litigation.
  • 08/04/2005 -- Kellco Energy acquires Blue Ridge field property
    Kellco Energy Ltd. acquired the interest of a unit of PetroSearch Energy Corp., Houston, in Blue Ridge salt dome field in Fort Bend County for $2.14 million, retroactive to July 1, 2005.
  • 08/04/2005 -- MARKET WATCH
    Crude futures price retreats from record high

    Energy prices fell Aug. 3, following a government report of a small but surprising build in US crude reserves after 4 weeks of declines.
  • 08/03/2005 -- Energy bill effects begin as refiner exits MTBE business
    Valero Energy Corp. announced plans to quit producing methyl tertiary butyl ether (MTBE) to reduce its product liability lawsuit exposure. The action, which will cut gasoline production at its refineries by about 60,000 b/d, came after the House-Senate conference removed MTBE defective-product liability protection from the energy bill.
  • 08/03/2005 -- Sonaran Energy moving from London to Phoenix
    Sonoran Energy Inc. will move its corporate headquarters, effective Sept. 1, from London to Phoenix, Ariz.
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