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General Interest 2005 P5

  • 04/30/2005 -- Subsea well intervention system licensed
    ExxonMobil Corp. has licensed to a joint venture of service companies technology for a coiled-tubing system able to service wells from the sea bottom in as much as 6,500 ft of water.
  • 03/22/2005 -- Tidelands unit plans Mexican gas pipeline
    Terranova Energia S de RL de CV, the Mexican subsidiary of Tidelands Oil & Gas Corp., San Antonio, applied Mar. 18 to the Comision Reguladora de Energia de Mexico (CRE) for authorization to construct the 160-mile Terranova Oriente natural gas pipeline system in Tamaulipas, Mexico.
  • 03/15/2005 -- Magnum Hunter names Frazier president, CEO
    Magnum Hunter Resources Inc., Irving, Tex., has named Richard R. Frazier president and CEO of the company on an interim basis through closing of the recently announced merger with Denver-based Cimarex Energy Co.
  • 03/28/2005 -- El Paso hikes stake in drilling venture
    El Paso Corp. has acquired the interest held by a unit of Lehman Bros. in a joint drilling venture that the companies, along with Nabors Industries Ltd., formed in October 2003.
  • 03/22/2005 -- Range Resources' reserves swell with drilling, acquisitions
    Range Resources Corp., Fort Worth, reported replacing more than 8 times its 2004 production last year, including replenishing more than double its production through drilling alone.
  • 03/18/2005 -- JV to buy stake in Main Pass Block 59
    A joint venture of Alamo Resources LLC, Houston, and Palace Exploration Co., New York, has agreed to acquire a majority interest in Main Pass Block 59 in 60-70 ft of water 35 miles east of Venice, La.
  • 03/09/2005 -- ExxonMobil sells its sake in Sinopec
    ExxonMobil Corp. completed the sale of its 3.7% stake in China Petroleum & Chemical Corp. (Sinopec) for $1.37 billion.
  • 03/01/2005 -- Forest Oil buying stake in Texas Panhandle
    Forest Oil Corp., Denver, agreed to acquire a private company whose primary asset is 83% interest and operatorship of Buffalo Wallow natural gas field in the Texas Panhandle.
  • 03/07/2005 -- Cano targets EOR potential in US mature fields
    Cano Chairman and CEO Jeff Johnson "We work closely with regulatory agencies on enhanced recovery, and in Texas and Oklahoma these agencies understand the objectives very well."
  • 02/22/2005 -- Europe sees growing diesel-gasoline imbalance
    The imbalance between growing diesel oil consumption and falling gasoline demand in Europe—which especially affects France—will increase under European Union fuels specifications, said Jean-Paul Vettier, president of Total SA's refining division.
  • 02/17/2005 -- CERA: Infrastructure critical to US gas supply
    The availability of natural gas supplies to meet future demand hinges upon infrastructure development, US Federal Energy Regulatory Commission Chairman Pat Wood III told Cambridge Energy Research Associates' annual conference Feb. 16.
  • 02/04/2005 -- Surging Asian demand dominates world energy outlook
    China and India took center stage as four forecasters described possible implications of their surging energy demand at a hearing of the Senate Energy and Natural Resources Committee.
  • 02/02/2005 -- Barrett pursues gas agenda in Rocky Mountains
    Bill Barrett Corp., Denver, set its 2005 capital budget at $276 million, emphasizing activity in the Wind River, Piceance, and Uinta basins.
  • 01/19/2005 -- ConocoPhillips plans gulf LNG terminal
    ConocoPhillips has applied to the US Coast Guard for a permit to construct an LNG regasification facility in the Gulf of Mexico 56 miles off Louisiana.
  • 01/18/2005 -- Tax break ending for Prudhoe Bay satellites
    Alaska Gov. Frank Murkowski has said that, effective Feb. 1, satellite fields surrounding Prudhoe Bay oil field no longer will be allowed to take advantage of a state tax break called the Economic Limit Factor (ELF).
  • 01/18/2005 -- Occidental makes major shifts in operations
    Occidental Petroleum Corp. Chairman and CEO Dr. Ray R. Irani said the company's oil and gas operations will be divided into two core regions: Western Hemisphere and Eastern Hemisphere.
  • 01/04/2005 -- Carpentaria pipeline interest to be sold
    Santos Ltd., Adelaide; Origin Energy Resources Ltd., Sydney; and ExxonMobil subsidiary Delhi Petroleum Pty. Ltd. have agreed to sell their combined 30% interest in the Carpentaria gas pipeline (CGP) in Australia to Australian Pipelines Trust (APT) for a total cash consideration of $98 million (Aus.).
  • 01/04/2005 -- Stone Energy Corp. acquires acreage in Williston basin
    Stone Energy Corp., Lafayette, La., has signed a purchase and sale agreement to acquire from a small independent company 35,000 exploration acres in the Williston basin of North Dakota and Montana.
  • 12/12/2005 -- NGPL signs A/G line-expansion contracts
    Natural Gas Pipeline Co. of America (NGPL), a subsidiary of Kinder Morgan Inc., has signed long-term contracts with shippers for an expansion of capacity of a 95-mile section of its 800-mile Amarillo, Tex., to Gulf Coast pipeline (A/G line).
  • 12/28/2005 -- Devon sees unconventional gas plays gaining momentum
    Higher natural gas prices and advances in technology are making the economics of producing unconventional gas more attractive, said William A. Van Wie, Devon Energy Corp. vice-president and general manager.

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