General Interest 2005 P

08/02/2005 -- Kinder Morgan to buy Terasen in $5.6 billion deal
Kinder Morgan Inc. (KMI), Houston, will acquire Terasen Inc., Vancouver, BC, in a $5.6 billion deal creating a combined system of 40,000 miles of natural gas and oil pipelines in Canada and the US with potential for expansion based on production from Alberta's oil sands.
08/01/2005 -- Occidental has agreement to resume Libyan operations
Occidental Petroleum Corp. will be the first US-based oil and gas producer to resume operations in Libya, said company officials July 29.
08/01/2005 -- MARKET WATCH
Fahd's death raises crude futures prices
Crude futures prices climbed above $61/bbl in early trading on the New York market following the death of Saudi Arabia's King Fahd bin Abdul Aziz on Aug. 1.
07/29/2005 -- Both houses of Congress pass energy bill
Both houses of Congress have approved the omnibus energy bill reported July 26 by a House-Senate conference (OGJ Online, July 27, 2005).
07/29/2005 -- BLM, Forest Service propose permit-process changes
Two agencies regulating onshore oil and gas activities on federal land proposed changes that they said would improve drilling-permit application processing while protecting private surface owners and public lands.
07/29/2005 -- MARKET WATCH
Refinery fire pushes up oil prices
Crude prices rebounded strongly on July 28, wiping out the previous day's losses, as a fire at a Louisiana refinery reminded traders how tightly energy supplies are stretched.
07/28/2005 -- US, Asia-Pacific group seeks clean energy
The US and five countries from the Asia-Pacific region have formed what US President George W. Bush described as "a partnership on clean development, energy security, and climate change."
07/28/2005 -- MARKET WATCH
Markets mixed as US crude stocks fall
Energy markets were mixed on July 27, with crude futures prices dipping despite an expected continued decline in US crude inventories.
07/27/2005 -- Energy bill passes conference, heads for Congress
A House and Senate conference completed its work on the 2005 energy bill after jettisoning a provision that would have provided limited liability protection for producers of methyl tertiary butyl ether. Both federal legislative bodies were expected to approve the reworked measure promptly and send it to President George W. Bush for his signature.
07/27/2005 -- Canada extends NGV fleet pilot program
The Canadian government has extended a program that promotes the use of natural gas in vehicles to increase benefits to commercial fleet owners.
07/27/2005 -- Whiting Petroleum buying Celero Energy
Whiting Petroleum Corp., Denver, plans to buy the oil and gas assets of Celero Energy LP, Midland, Tex., in two separate agreements worth a total combined cash-stock value of $802 million.
07/27/2005 -- Ridgeway Petroleum appoints chairman
Ridgeway Petroleum Corp., Calgary independent with helium and carbon dioxide properties in Arizona and New Mexico, appointed Rodney L. Eson as chairman.
07/27/2005 -- MARKET WATCH
Crude futures prices continue to strengthen
Crude prices continued to climb July 26 in anticipation of a drop in US oil inventories for the fourth consecutive week.
07/27/2005 -- FACTS: Taiwan's power industry looking toward LNG
Taiwan's gas demand is growing as power generators turn away from nuclear sources in favor of LNG, said Fesharaki Associates Consulting & Technical Services Inc.
07/26/2005 -- Southern Star gas pipeline to change hands
GE Commercial Finance Energy Financial Services, Stamford, Conn., and Caisse de depot et placement du Quebec of Montreal, Canada's largest institutional investor, agreed to buy the Southern Star gas pipeline system from AIG Highstar Capital for $362 million.
07/26/2005 -- Agencies act on permit fees, stripper wells, floating platforms
As a House and Senate energy conference tried to resolve differences and produce a final energy bill, the Interior Department and its two main divisions that regulate oil and gas exploration and production took two actions and proposed a third.
07/26/2005 -- MARKET WATCH
Crude futures prices continue rally
Crude futures prices continued to climb July 25 in anticipation of a decline in US oil inventories after recent hurricanes disrupted production in the Gulf of Mexico.
07/26/2005 -- Group urges dissolution of disputed South Sudan license
An international rights watchdog group has called for the dissolution of an oil exploration contract between White Nile Ltd. of the UK and the Sudan People's Liberation Movement.
07/26/2005 -- John S. Herold reports robust upstream M&A activity
Upstream merger and acquisition activity worldwide rebounded last year, particularly in the US and Canada, in a trend that is continuing, said a report from John S. Herold Inc. and Harrison Lovegrove & Co. Ltd.
07/25/2005 -- Petrobras, China sign oil export contract
State-owned Petroleo Brasileiro SA (Petrobras) has signed a contract to sell 12 million bbl of oil to China's Sinochem International Oil Co. Estimated value of the deal is $600 million.

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