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General Interest 2005 P

  • 09/20/2005 -- MARKET WATCH
    New storm bumps natural gas price to record high

    Energy prices soared Sept. 19 as natural gas futures closed at a record high on the New York Mercantile Exchange on market fears that Tropical Storm Rita will build into a hurricane that could follow the same destructive path through the central Gulf of Mexico as Hurricane Katrina.
  • 09/16/2005 -- MARKET WATCH
    Crude prices dip as OPEC predicts lower demand

    Crude futures prices declined Sept. 15 as the Organization of Petroleum Exporting Countries reduced its forecasts for growth in world oil demand, citing weak growth in the first half of this year and recently record-high prices.
  • 09/14/2005 -- MARKET WATCH
    Markets mixed as recovery stalls

    Oil and gas markets were mixed Sept. 13, with the front-month natural gas contract falling below $11/MMbtu for the first time in 15 days among expectations that recently high energy prices will curb global demand.
  • 09/13/2005 -- MARKET WATCH
    Energy prices continue to erode

    Crude futures prices continued to erode on Sept. 12, falling to levels last seen in mid-August before Hurricane Katrina disrupted Gulf of Mexico oil and gas production and US product supplies.
  • 09/06/2005 -- MARKET WATCH
    Energy prices fall with input of supplies

    Energy futures prices dropped sharply Sept. 2 but remained well above the $65/bbl mark as traders locked in profits from the recent hurricane-related rally.
  • 09/16/2005 -- Harvest names Edmiston president, CEO
    Harvest Natural Resources Inc. has elected James A. Edmiston president and chief executive officer, effective Oct. 1.
  • 09/20/2005 -- Total acquires African fuel and lube assets
    Total SA has concluded agreements to acquire the fuels and lubricants assets of ExxonMobil Corp. subsidiaries in 14 African countries (OGJ Online, Sept. 12, 2005).
  • 09/02/2005 -- Pioneer Natural Resources to divest assets
    Pioneer Natural Resources Co. is pursuing divestment of properties in the deepwater Gulf of Mexico and of its nonoperated properties in southern Argentina's Tierra del Fuego.
  • 09/09/2005 -- Noble Energy's Davidson looks beyond Gulf of Mexico
    Noble Energy Inc. Chairman, Pres., and CEOCharles D. Davidson"The US is the only developed country in the world with our type of blanket moratoria that have prevented even the consideration of energy development for decades."
  • 08/17/2005 -- Kinder Morgan, Sempra eye Rockies gas line
    Kinder Morgan Energy Partners LP, Houston, and Sempra Pipelines & Storage, a unit of Sempra Energy, San Diego, have proposed a $3 billion gas pipeline linking Rocky Mountain production with the US Midwest and East.
  • 08/09/2005 -- Terasen to expand Corridor heavy-oil system
    Terasen Pipelines Inc., Calgary, has initiated engineering, environmental, and consultation activities on its proposed expansion of the Corridor pipeline system in Alberta.
  • 08/30/2005 -- MARKET WATCH
    Katrina hikes crude, natural gas prices

    The expiring September natural gas contract hit an intraday high of $12.07/MMbtu on Aug. 29 as the New York Mercantile Exchange declared "force majeure" against future deliveries for the first time in the 15 years it has been trading natural gas contracts.
  • 08/26/2005 -- Hawaii imposes wholesale gasoline price cap
    The Hawaii Public Utilities Commission has set a cap on wholesale gasoline prices, effective Sept. 1. It's the first time a state has established a gasoline price cap.
  • 08/11/2005 -- Unocal shareholders okay takeover by Chevron
    Unocal Corp. shareholders overwhelmingly accepted a cash-stock takeover bid from Chevron Corp. during a special meeting Aug. 10 near Los Angeles. The transaction's final value, excluding debt, was $17.9 billion.
  • 08/09/2005 -- Six companies win MMS royalty-in-kind oil
    Six companies bought 97,265 b/d of royalty-in-kind (RIK) oil from the Gulf of Mexico in an unrestricted sale, the US Minerals Management Service reported.
  • 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.
  • 08/25/2005 -- Range Resources appoints Gulf Coast division manager
    Range Resources Corp., Fort Worth, promoted Steven M. Curran to manager of the Gulf Coast Division.
  • 08/16/2005 -- Tillerson expected to succeed Raymond at ExxonMobil helm
    ExxonMobil Corp. Chairman and Chief Executive Officer Lee Raymond has announced his intention to retire at yearend after more than 42 years of service, including 21 years as a director. It is expected the company's board will elect Rex W. Tillerson, currently president, as Raymond's successor.
  • 08/22/2005 -- CNPC unit bids for PetroKazakhstan
    A unit of China National Petroleum Corp. has offered $4.18 billion for PetroKazakhstan Inc., Calgary, and the boards of both companies have approved the offer.
  • 08/08/2005 -- Chevron boosts stake in BLH to 100%
    Chevron Corp. has increased its equity ownership to 100% in Bridgeline Holdings LP, which operates an intrastate gas system in southern Louisiana along the Mississippi River.

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