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General Interest 2005 P

  • 04/27/2005 -- Bush seeks refineries on old military bases
    US President George W. Bush suggested building refineries on closed military bases and called for government agencies to simplify the permitting process for such construction in an Apr. 27 speech to the National Small Business Conference in Washington, DC.
  • 04/27/2005 -- Hutton named president of XTO Energy
    XTO Energy Inc., Fort Worth, announced the promotion of Keith A. Hutton, currently executive vice-president, operations, to president.
  • 04/27/2005 -- APPEA names new director
    The Australian Petroleum Production & Exploration Association Ltd.'s council, Canberra, Australia, has appointed Belinda Robinson as successor to Barry Jones.
  • 04/28/2005 -- MARKET WATCH
    Energy prices drop as crude stocks build

    Energy prices plunged Apr. 27 as US crude inventories rebounded with a large weekly build and President George W. Bush called on oil producers around the world to increase production.
  • 04/28/2005 -- Statoil buys EnCana's Gulf of Mexico assets
    Staoil ASA has agreed to pay $2 billion for all of Encana Corp.'s assets in the Gulf of Mexico, a decision that may be an attempt to counter declining reserves in the North Sea. The transaction makes the gulf region Statoil's new core area, enabling its participation in upcoming Gulf of Mexico licensing rounds in 2006-07.
  • 04/28/2005 -- Duke acquiring Virginia storage, pipeline assets
    Duke Energy Gas Transmission (DEGT) plans to acquire, for $62 million, natural gas storage and pipeline assets in southwest Virginia and the remaining 50% interest in Saltville Gas Storage LLC from AGL Resources, an Atlanta, Ga., energy services holding company.
  • 04/29/2005 -- MARKET WATCH
    Crude prices increase with gasoline supply worries

    Energy prices generally increased Apr. 28 among continued concerns over possible tight supplies of gasoline this summer.
  • 05/02/2005 -- Gas use at issue in Iran as oil production sags
    Future use of natural gas has become a political issue in Iran, whose status as a major oil exporter may be at stake.
  • 05/02/2005 -- MARKET WATCH
    Crude futures price falls below $50/bbl

    The near-month futures price for crude fell below the $50/bbl mark Apr. 29 for the first time in more than 2 months as traders resumed selloffs.
  • 05/02/2005 -- Bolivian Senate votes to raise oil, gas taxes
    The Bolivian Senate on Apr. 29 approved a hydrocarbons law steeply increasing taxes on oil companies.
  • 05/03/2005 -- OTC: Nova Scotia changes rights-issuance process
    Nova Scotia's Minister of Energy Cecil P. Clarke announced at the Offshore Technology Conference a "major shift" in regulatory approach to address complaints by operators that the province "had created barriers to exploration."
  • 05/03/2005 -- Niem joins Oregon coalbed methane developer
    Dr. Alan Niem has joined Methane Energy Corp., a subsidiary of Torrent Energy Corp., Vancouver, BC, as a geologist.
  • 05/03/2005 -- Three Canadian companies merging into trust
    Thunder Energy Inc., Mustang Resources Inc., and Forte Resources Inc. announced plans to merge and create an oil and natural gas trust, two exploration and production companies, and a coal bed methane company.
  • 05/03/2005 -- 'Do nothing' US energy policy will no longer work, analyst says
    The US has been living on an oil surplus, which has now disappeared, and a "do nothing" energy policy will no longer work, said a prominent energy analyst.
  • 05/03/2005 -- OTC: Global mindset, focus on personnel key among top leadership traits
    Successful leaders of the future's oil and gas industry will need to possess several key characteristics, including having a strong sense of the true globalization of the industry as well as having a keen eye on recruiting new, raw talent for top management roles.
  • 05/03/2005 -- CERI: Oil prices have established new, higher plateau
    Oil prices have established a new and higher plateau, driven by increasing world demand, several analysts told a Canadian Energy Research Institute conference May 2 in Calgary.
  • 05/03/2005 -- OTC: Technology key to exploration success
    James Farnsworth, BP PLC's vice-president, exploration, said May 2 that the advancement of technology is crucial to meeting the increasingly more-difficult challenges of exploration.
  • 05/04/2005 -- Indonesia, despite falling oil flow, to stay in OPEC
    Indonesia intends to remain a member of the Organization of Petroleum Exporting Countries despite its falling oil production.
  • 05/04/2005 -- Gas exporters meet to consider 'fair price'
    Natural gas-exporting countries have pledged to work together to establish fair prices for gas, according to Trinidad and Tobago's Energy Minister Eric Williams.
  • 05/04/2005 -- OTC: Gulf of Mexico platforms meet security directives
    All 53 large Gulf of Mexico oil and gas platforms subject to federal requirements of the Marine Transportation Security Act (MTSA) complied with and met deadlines for initial directives, a Coast Guard officer reported at the Offshore Technology Conference.

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