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General Interest 2005 P6

  • 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.
  • 12/05/2005 -- Study notes jump in Permian basin operating expenses
    Permian basin unit operating expenses (opex) jumped during 2002-04 for all but the leading area operators, according to a Ziff Energy Group benchmarking study conducted for nine basin operators.
  • 12/19/2005 -- Hill joins Bankers Petroleum in exploration
    The US unit of Bankers Petroleum Ltd., Calgary, named James M. Hill as vice-president, exploration.
  • 12/02/2005 -- Dominion hires Whiteley for new position
    Dominion Exploration & Production Inc. has hired Alison B. Whiteley as managing director, planning and engineering, a new position.
  • 12/22/2005 -- Exploration Co. sets record capital budget
    The Exploration Co., San Antonio, set a record $40-50 million capital budget for 2006 and warned that rig availability might dictate revisions.
  • 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.
  • 12/08/2005 -- 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.
  • 12/06/2005 -- Continental, GeoPetro form joint venture
    Continental Energy Corp., Dallas, and GeoPetro Resources Co., San Francisco, have formed an equally shared joint venture company, CG Xploration Inc., to seek exploration and production projects in Indonesia, with special interest in East Kalimantan.
  • 12/16/2005 -- Nine deepwater Gulf of Mexico finds noted
    There have been nine deepwater (greater than 1,000 ft) oil and natural gas discoveries announced by operators in the Gulf of Mexico through November in 2005, the US Minerals Management Service reported.
  • 11/10/2005 -- WIC proposes added pipeline capacity for Uinta basin
    El Paso Corp. subsidiary Wyoming Interstate Co. (WIC) proposed a pipeline that will provide 250-350 MMcfd of additional natural gas transportation capacity to handle increasing production from eastern Utah's Uinta basin.
  • 11/08/2005 -- ConocoPhillips to ship on Keystone pipeline
    TransCanada Corp.'s proposed 1,840-mile Keystone pipeline project received a boost Nov. 3 when ConocoPhillips signed a memorandum of understanding committing to ship crude oil on the pipeline.
  • 11/01/2005 -- Chevron unit plans Mississippi LNG terminal
    The Bayou Casotte Energy LLC subsidiary of Chevron Corp. applied to the Federal Energy Regulatory Commission to own, construct, and operate an LNG import terminal to be named Casotte Landing in Jackson County, Miss.
  • 11/08/2005 -- 'Flat out' industry faces enormous challenges, SEG told
    Operators and service companies face shortages of manpower, equipment, and services as they try to keep up with rising world oil and gas demand the next few decades, speakers told the Society of Exploration Geophysicists annual meeting in Houston Nov. 7.
  • 11/02/2005 -- MARKET WATCH
    Energy futures prices register little movement

    Futures prices for crude and petroleum products stabilized somewhat on Nov. 1 as traders looked for new market signals from weather predictions and supply reports.
  • 11/29/2005 -- Newfield promotes managers to vice-president
    Newfield Exploration Co., Houston, has promoted several managers to the position of vice-president.
  • 11/18/2005 -- NGSA names Conway of ConocoPhillips chairman
    Chris Conway, president of the commercial gas and power division at ConocoPhillips, has been elected chairman of the Natural Gas Supply Association.
  • 11/04/2005 -- Turan Petroleum hires vice-president of exploration
    Turan Petroleum Inc., an independent oil and gas exploration company based in Santa Ana, Calif., has hired Coy Squires as the company's vice-president, exploration.
  • 11/03/2005 -- Forest Oil makes executive changes
    Forest Oil Corp. has named Glen J. Mizenko vice-president of business development. Mizenko currently serves as business development director for the Denver-based independent.
  • 11/28/2005 -- ConocoPhillips to purchase German refinery
    ConocoPhillips plans to buy a refinery in Wilhelmshaven, Germany, from Louis Dreyfus Energy Holdings Ltd. along with the UK's Louis Dreyfus Refining and Marketing Ltd. Terms were not disclosed.
  • 11/17/2005 -- Shell, Total E&P units make in-kind asset exchange
    Shell E&P and Total E&P agreed to an in-kind exchange. Shell will exchange its 17% nonoperated interest in deepwater Tahiti field in the Gulf of Mexico for Total's interests in natural gas assets in South Texas.
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