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General Interest 2005 P2

  • 09/23/2005 -- MARKET WATCH
    Storm worries push up natural gas, product prices

    Crude futures prices fell, but natural gas and product prices continued to climb Sept. 22 as a slightly weakened Hurricane Rita neared the upper Texas coast.
  • 09/21/2005 -- MARKET WATCH
    Energy prices fall as OPEC pledges spare capacity

    Energy prices retreated Sept. 20 but kept most of the gains from record spikes in the previous session as the Organization of Petroleum Exporting Countries promised, if necessary, to release its remaining 2 million b/d of spare production capacity for a period of 3 months, starting Oct. 1.
  • 09/16/2005 -- Class-action suit blames energy firms for Katrina's damage
    Five Louisiana residents filed a class-action lawsuit against 10 major producer and pipeline companies, claiming damage inflicted by those firms on the coastal marshes of south Louisiana was a cause of "all, or almost all, of the loss of life and destruction of property that resulted from Hurricane Katrina."
  • 09/14/2005 -- Potential Gas Committee pegs US resource at 1,308 tcf
    Total US natural gas resources at yearend 2004 amounted to 1,308 tcf, the Potential Gas Committee said in its latest biennial report.
  • 09/13/2005 -- Montana governor campaigns for fuels from coal
    Montana Gov. Brian Schweitzer is urging executives from oil companies and technology companies to finance Fischer-Tropsch (FT) projects that would convert coal into gasoline and diesel.
  • 09/12/2005 -- MARKET WATCH
    Energy prices continue to slip

    Energy prices slipped Sept. 9 as Gulf Coast oil and natural gas operations continued to recover from Hurricane Katrina amid projections that energy demand had weakened because of damage to factories and businesses in the storm area.
  • 09/02/2005 -- MARKET WATCH
    Energy prices rebound; IEA releases crude

    Energy prices rebounded Sept. 1 as a storm-battered US Gulf Coast oil and gas industry struggled to resume operatations.
  • 09/09/2005 -- Furbacher promoted to Dynegy president, COO
    Dynegy Inc., Houston, has promoted Stephen A. Furbacher to president and chief operating officer.
  • 09/12/2005 -- Mariner Energy to buy Forest's offshore assets
    Forest Oil Corp., Denver, is spinning off its Gulf of Mexico assets into a Forest stockholder-owned company, Spinco, which in turn is being acquired by Mariner Energy Inc., Houston, in a stock-for-stock transaction.
  • 09/01/2005 -- DTE Energy unit buys Barnett shale assets
    A subsidiary of DTE Energy Co., Detroit, acquired leasehold mineral rights and 40 producing gas wells on 18,000 acres in the Barnett shale in Jack County, Tex.
  • 08/26/2005 -- Kinder Morgan to appeal parts of DOT order
    The US Department of Transportation ordered Kinder Morgan Energy Partners LP to address potential "integrity threats" along the Houston company's Pacific system following a series of accidents.
  • 08/16/2005 -- Kinder Morgan expanding Texas intrastate gas pipeline
    Kinder Morgan Energy Partners LP, Houston, plans to expand its intrastate natural gas pipeline system into the Permian basin by converting 254 miles of previously acquired crude oil pipeline into natural gas transportation.
  • 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.
  • 08/29/2005 -- MARKET WATCH
    Energy prices seesaw as Katrina fools markets

    Energy prices shot to new highs in early trading Aug. 29 after Katrina, a category 4 hurricane, ripped through the oil and natural gas producing area of the central Gulf of Mexico and came ashore before dawn east of New Orleans.
  • 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.
  • 08/10/2005 -- SEC upgrades Equatorial Guinea payments inquiry
    The US Securities and Exchange Commission apparently has upgraded its 2004 probe of US oil and gas producers' payments to the government of Equatorial Guinea to a formal investigation from an informal inquiry.
  • 08/02/2005 -- CNOOC withdraws bid for Unocal, citing politics
    CNOOC has withdrawn its offer for Unocal Corp., citing politics as the reason for ending a bidding contest between itself and Chevron Corp. Unocal shareholders are to vote on Chevron's offer Aug. 10.
  • 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.
  • 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.
  • 08/10/2005 -- W&T Offshore reports executive promotions
    W&T Offshore Inc. reported the promotions over several employees.
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