07/22/2005
-- Oil industry groups wary of MTBE proposal Key oil industry groups refused to support a House Republican proposal July 22 for a fund to clean up methyl tertiary butyl ether from US water supplies.
07/22/2005
-- Energy Institute elects Collins president John Collins was elected president of the Energy Institute at the UK-based group's recent general meeting. Collins succeeds Euan Baird.
07/22/2005
-- Enerplus Resources acquiring Lyco Energy Enerplus Resources Fund, Calgary, plans to acquire Lyco Energy Corp., a private oil producer operating in Montana and North Dakota, for $421 million, including assumed debt and working capital.
07/22/2005
-- MARKET WATCH Crude oil futures prices fall again Crude oil futures prices on July 21 fell for a second consecutive day in New York and London markets upon news of explosions in London and China's decision to strengthen its currency against the dollar.
07/21/2005
-- Dynamic, Sequoia form Canada exploration firm Shellbridge Sequoia Oil & Gas Trust plans to acquire the Alberta oil and gas assets of Dynamic Oil & Gas Inc., and Dynamic will reorganize its British Columbia and Saskatchewan oil and gas assets into a new exploration company, Shellbridge Oil & Gas Inc.
07/21/2005
-- Vulcan Minerals appoints senior geophysicist Vulcan Minerals Inc., St. John's, Newf., has appointed Phonse Fagan senior geophysicist. Vulcan operates in western Newfoundland.
07/21/2005
-- MARKET WATCH Crude oil futures prices dip to lowest level for July Crude oil prices fell to their lowest level this month on the New York Mercantile Exchange July 20 after a US government weekly report showed crude inventories declined less than analysts had feared.
07/20/2005
-- Chevron raises its offer for Unocal about 5% Chevron Corp. raised its offer for Unocal Corp. to $63.01/share of Unocal, up from its previous $60/share offer in a complicated deal that is 40% cash and 60% Chevron stock.
07/20/2005
-- Royal Dutch, Shell unification completed Royal Dutch Petroleum Co. and Shell Transport & Trading Co. were merged into a single parent company, Royal Dutch Shell PLC, and its stock began trading July 20.
07/20/2005
-- API: US gasoline demand growth slows as prices rise The growth of US gasoline deliveries fell in the first half to 0.4% from 1.9% a year earlier as prices climbed to their highest point, in real terms, since the early 1980s, the American Petroleum Institute said July 20.
07/20/2005
-- Study predicts spending surge for offshore wind energy Offshore wind energy installations, mainly off Europe, will attract $13.6 billion in investment during the next 5 years, predicted analysts Douglas-Westwood Ltd. in a market study published in mid-July.
07/20/2005
-- Devon Energy makes two executive appointments Devon Energy Corp., Oklahoma City, has made two management appointments within its exploration and production organization.
07/20/2005
-- Kerr-McGee names COO; makes other appointments Kerr-McGee Corp. has named David A. Hager chief operating officer. In this new position, Hager continues to lead the Oklahoma City-based firm's worldwide exploration and production business.
07/20/2005
-- MARKET WATCH Crude oil futures prices rebound Crude oil prices gained in New York and London markets on July 19, and a mid-year report from the American Petroleum Institute indicated slow demand growth for refined products.
07/19/2005
-- UKOOA: UK increasingly reliant on oil and gas The UK will be increasingly reliant on oil and gas to meet its primary energy needs during the next 10-15 years despite efforts to promote renewable energy sources, the UK Offshore Operators Association Ltd. said.
07/19/2005
-- Gabrielli named CEO of Petrobras José Sérgio Gabrielli de Azevedo, chief financial officer of Petroleo Brasileiro SA, will become the state-owned company's chief executive officer.
07/19/2005
-- El Paso to acquire Medicine Bow Energy El Paso Production Holding Co. plans to acquire the privately held Medicine Bow Energy Corp. for $814 million.