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General Interest 2005 P4

  • 06/08/2005 -- Range increases Permian basin holdings
    Range Resources Corp., Fort Worth, has agreed to acquire oil and gas properties in the Permian basin for $116.5 million through its purchase of privately held Plantation Holdings II LLC.
  • 05/27/2005 -- Crosstex Energy plans pipeline expansion
    Crosstex Energy LP, Dallas, plans to expand and extend the Crosstex LIG pipeline system to access natural gas being developed in northwestern Louisiana and to receive as much as 700 MMcfd of gas from East Texas to be delivered by a new interstate pipeline of Kinder Morgan Energy Partners LP (KMEP).
  • 05/18/2005 -- Ras Al Khaimah receiving Dolphin gas
    Dolphin Energy Ltd. began to supply natural gas May 15 to Ras Al Khaimah, UAE.
  • 05/19/2005 -- S&P's sees credit lift from M&A activity
    Standard & Poor's Rating Services said the oil and gas industry's credit ratings appear poised to benefit from expected high merger and acquisition activity in the US this year.
  • 05/12/2005 -- Strong floating production vessel orders seen
    The oil and gas industry is expected to invest $33 billion in the next 5 years to install 110 floating production and storage vessels (FPS), according to a report released by UK analysts Douglas Westwood at the Offshore Technology Conference in Houston May 2.
  • 05/09/2005 -- ChevronTexaco Corp. becomes Chevron Corp.
    ChevronTexaco Corp., which recently announced an agreement to acquire Unocal Corp., has changed its name to Chevron Corp. (OGJ Online, Apr. 4, 2005).
  • 05/31/2005 -- Anadarko promotes executives
    Anadarko Petroleum Corp. named Karl F. Kurz, formerly vice-president, marketing, to senior vice-president, marketing, and general manager, US Onshore.
  • 05/09/2005 -- Endeavour names vice-president of operations
    Endeavour International Corp., Houston, named Clint D. Smith vice-president of operations for the North Sea-focused exploration and production company.
  • 05/10/2005 -- Buckeye buys ExxonMobil's pipeline, terminals
    Buckeye GP LLC, the general partner of Buckeye Partners LP, Emmaus, Pa, has completed its acquisition of a products pipeline system and interests in five terminals from affiliates of ExxonMobil Corp.
  • 05/02/2005 -- Record well depths challenged in US gulf
    At least two wells could set drilling depth records in the Mississippi Fan fold belt in the central Gulf of Mexico soon.
  • 04/19/2005 -- Kazakhs discuss involvement in BTC pipeline
    A delegation of Kazakhstan's national oil and gas company KazMunayGaz has arrived in Baku for talks on transporting Kazakh crude oil through the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.
  • 04/22/2005 -- Design starts for coal gasification plant
    ConocoPhillips and Fluor Corp., under an alliance agreement, are performing the front-end engineering design (FEED) of a coal gasification process for the Southern Illinois Clean Energy Center (SICEC) to be located at a coal mine in Williamson County, Ill.
  • 04/21/2005 -- State companies, partners dominate China's retail market
    Sinopec Corp. and PetroChina, along with their joint ventures involving several international oil majors, will dominate China's retail gasoline market well into the future, predicts Lijuan Wang in an April FACTS Inc. report.
  • 04/20/2005 -- Venezuelan proposed tax changes called 'major blow' to companies
    Venezuela's plan to increase the corporate income tax on oil companies to 50% from 34% would slash the values of multinational companies' assets in the country, Aberdeen consultant Wood Mackenzie Ltd. said.
  • 04/12/2005 -- APPEA chief seeks action on energy policy
    The chairman of the Australian Petroleum Production and Exploration Association (APPEA), Reg Nelson, used his keynote speech to the association's annual conference in Perth to urge government to agree on strategic priorities for the Australian petroleum industry and implement appropriate policies.
  • 04/14/2005 -- Storm Cat Energy appoints vice-president, operations US
    Storm Cat Energy Corp., Calgary, appointed Keith J. Knapstad of Denver as vice-president, operations US, effective April 15.
  • 04/13/2005 -- Chesapeake Energy buying Texas properties
    Chesapeake Energy Corp. has agreed to acquire natural gas properties from four privately owned companies in four transactions that total $686.4 million.
  • 04/11/2005 -- Cal Dive unit buys Gulf of Mexico stakes
    Energy Resource Technology entered agreements to acquire separate, 50% working interests in the Devil's Island discovery on Garden Banks Block 344 E/2 and in the Tulane prospect on Garden Banks Blocks 114/158, both in the Gulf of Mexico.
  • 04/07/2005 -- Nippon Oil buying Devon properties
    A unit of Japan refiner Nippon Oil Corp. is buying stakes in 67 Gulf of Mexico oil and gas blocks from Devon Energy Corp., Oklahoma City.
  • 04/01/2005 -- ConocoPhillips, XTO Energy swap properties
    XTO Energy Inc. and ConocoPhillips agreed to trade producing properties, primarily in Texas and New Mexico with production of 1,800 boe/d.

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Oil & Gas Journal Editor Bob Tippee discusses key influences in the global and US oil markets based on data published in the annual Forecast and Review special report.

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