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General Interest 2005 P3

  • 08/09/2005 -- Crosstex to acquire gas processing assets
    Crosstex Energy LP, Dallas, agreed to acquire El Paso Corp.'s gas processing and liquids business in southern Louisiana for $500 million.
  • 08/08/2005 -- Plains to acquire Chevron's Rocky Point interest
    Plains Exploration & Production Co., Houston, agreed to acquire Chevron Corp.'s 16.7% interest in the Rocky Point oil development in the Santa Barbara Channel.
  • 07/08/2005 -- Papua New Guinea-Australia gas line proceeds
    The proposed $5 billion (Aus.) Highlands natural gas pipeline from Papua New Guinea to Australia, has moved forward with the announcement that Australian Gas Light Co. (AGL) has agreed to purchase 1,500 petajoules of gas over 20 years, starting in 2009.
  • 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.
  • 07/26/2005 -- 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.
  • 07/14/2005 -- MARKET WATCH
    'Light' storm damage reduces crude prices

    Crude futures prices declined July 13 as the US Minerals Management Service reported "extremely light" damage from Hurricane Dennis to oil and gas facilities in the Gulf of Mexico.
  • 07/01/2005 -- Aramco official outlines plans for increased production
    Saudi Arabia has 260 billion bbl of proved oil reserves that it can bring to market to meet its goal of increasing production to 12 million b/d by 2009 from the current 10.5 million b/d, a Saudi Aramco official declared in Washington, DC.
  • 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.
  • 07/20/2005 -- 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.
  • 07/13/2005 -- Heminger named executive vice-president of Marathon Oil
    Gary R. Heminger has been appointed executive vice-president of Marathon Oil Corp.
  • 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.
  • 07/13/2005 -- Kinder Morgan buying, expanding terminals
    Kinder Morgan Energy Partners LP (KMP) plans to acquire two terminals in separate transactions totaling $48 million and plans to invest an additional $48 million in two unrelated terminal expansion projects.
  • 07/01/2005 -- ConocoPhillips, Lukoil finalize Timan-Pechora JV
    ConocoPhillips and OAO Lukoil jointly announced the June 30 finalization of their OOO Naryanmarneftegaz joint venture to develop Lukoil's reserves in the northern Timan-Pechora area.
  • 06/15/2005 -- Regency Gas to expand Louisiana gas line
    Regency Gas Services LLC, Dallas, will invest $125 million to expand and extend its intrastate natural gas pipeline in northern Louisiana.
  • 06/24/2005 -- Gazprom seeks to broaden global energy role
    OAO Gazprom wants to diversify its assets by acquiring oil production, broading its natural gas production, expanding its European gas exports, and entering the electric power market, Gazprom Chairman Alexey Miller said.
  • 06/22/2005 -- Bodman addresses competitive issues at NPC meeting
    A growing worldwide economy has accelerated energy demand, pushed prices higher, and intensified competition for resources, Energy Sec. Samuel W. Bodman said June 22.
  • 06/21/2005 -- US lawmakers seek review of Chinese energy activity
    Two House committee chairmen from California have asked US President George W. Bush to launch a review of China's growing energy requirements and the implications for US political, strategic, and economic interests.
  • 06/16/2005 -- ConocoPhillips makes several organizational changes
    ConocoPhillips recently made some organization appointments.
  • 06/10/2005 -- AAPG elects new president
    Lee T. Billingsley was elected president of the American Association of Petroleum Geologists.
  • 06/29/2005 -- SEC clears Unocal stockholders to vote on Chevron offer
    The US Securities and Exchange Commission has cleared Chevron Corp.'s proposed acquisition of Unocal Corp., paving the way for Unocal shareholders to vote on Aug. 10.
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