General Interest 2005 P

12/14/2005 -- Industry, government address MODU reliability issues
Offshore oil and gas producers and drilling contractors are advancing their work with the federal government to address mooring reliability issues raised by recent Gulf of Mexico hurricanes.
12/14/2005 -- MARKET WATCH
Natural gas futures price soars to new high
Natural gas prices leaped to new heights as the front-month contract closed above $15/MMbtu Dec. 13 on the New York Mercantile Exchange.
12/13/2005 -- ConocoPhillips to buy Burlington Resources
ConocoPhillips plans to acquire Burlington Resources Inc. for $35.6 billion in a transaction that would boost ConocoPhillips's rank as a US gas producer.
12/13/2005 -- MARKET WATCH
Energy prices rebound with cold weather, supply worries
Crude futures prices jumped Dec. 12 to the highest level in more than a month in the New York market as another winter storm moved toward the Northeast US.
12/13/2005 -- Suez executives swap positions
Suez LNG NA Pres. and Chief Executive Rick Grant will swap positions with Regional Manager and Chief Executive of Suez Global LNG Clay Harris, who will in turn become president and chief executive of Suez LNG. Both changes are effective in January.
12/13/2005 -- Nexen plans record capital spending in 2006
Nexen Inc. plans a record $2.9 billion (Can.) in capital projects in 2006 with 45% of it allocated for major development projects. The 2006 plan is $100 million more than the 2005 budget.
12/13/2005 -- World Bank funding up for small investors, renewables, gas
New figures in the World Bank's extractive industries portfolio show increased financing for small and local investors, renewable and natural gas industry lending, and transparency initiatives to reduce corruption, according to leaders of the multilateral lending institution's oil, gas, mining, and chemicals department.
12/12/2005 -- CERA: Crude production capacity to grow 25% in 10 years
Not only is the world not running out of oil soon, but widespread development of unconventional resources will boost global crude production capacity by 25% in the next 10 years, a representative of Cambridge Energy Research Associates, an IHS company, told a US House of Representatives subcommittee hearing.
12/12/2005 -- MARKET WATCH
Energy prices fall in profit-taking before weekend
Energy prices fell Dec. 9 in profit-taking ahead of the weekend as traders seemed confident about supply in a current US cold snap.
12/12/2005 -- ConocoPhillips 2006 capital budget up 45%
ConocoPhillips approved 2006 cash capital expenditures of $10 billion—45% more than it budgeted for 2005—with $6.3 billion allocated to exploration and production.
12/12/2005 -- Samson, Noble sign deepwater agreement
Noble Energy Inc. and Samson Offshore Co., Tulsa, have signed an exploration agreement involving 37 deepwater leases in the Gulf of Mexico.
12/09/2005 -- Geocan Energy hires vice-president, exploration
Geocan Energy Inc., Houston, has named Rick Musial as vice-president, exploration.
12/09/2005 -- Canada independent names Armenia country manager
Transeuro Energy Corp., Vancouver, BC, has appointed Mike Smith as country asset manager for Armenia.
12/09/2005 -- MARKET WATCH
Gas futures prices hit record highs
Natural gas futures prices hit record highs Dec. 8 in the New York market as a storm that dumped as much as 10 in. of snow on Midwest plains roared eastward.
12/09/2005 -- Survey: Global E&P outlays to rise 'materially' in '06
Worldwide exploration and production expenditures are likely to rise "materially" in 2006, Lehman Bros. said in its annual E&P Spending Survey.
12/09/2005 -- State-owned oil companies expanding internationally
The oil industry can expect changing relationships between international companies and national oil companies (NOCs) within 36 months, said John Knight, Statoil ASA senior vice-president, business development and acquisitions.
12/09/2005 -- Magor, Manggal join Transeuro in Papua New Guinea
Transeuro Energy Corp., Vancouver, BC, signed an integrated project management contract with High Arctic Energy Services LLC that retains Phil Magor as country asset manager for Transeuro's exploration of four blocks in Papua New Guinea.
12/08/2005 -- Chevron to boost spending by 35% in 2006
Chevron Corp. plans a 35% increase in capital and exploratory spending next year to a worldwide total of $14.8 billion.
12/08/2005 -- Cohort Energy names Daley president
Cohort Energy Co., a subsidiary of J-W Operating Co., Addison, Tex., named Gene C. Daley president. Daley succeeds Paul Westerman, who was promoted to chief operating officer.
12/08/2005 -- Barriers seen to industry's use of digital technology
Oil companies' growing use of digital technologies could boost world oil and gas reserves, but the industry must overcome barriers to gathering, managing, and sharing data, participants agreed at a recent roundtable discussion.

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