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General Interest 2005 P

  • 12/21/2005 -- Senate blocks oil and gas leasing in ANWR
    The US Senate blocked a provision to authorize oil and gas leasing of the Arctic National Wildlife Refuge Coastal Plain that was included in a defense appropriations bill.
  • 12/21/2005 -- Pride International lifts stake in Angolan JV
    Pride International Inc. acquired from Angola's state-owned Sonangol an additional 40% interest in a joint venture owning drillships and platform rigs. The purchase price was $175 million.
  • 12/21/2005 -- Petro-Canada to sell Syrian production
    Petro-Canada agreed to sell its 38% stake in a joint venture involving production in Syria to India's Oil and Natural Gas Corp. and China National Petroleum Corp. for $676 million (Can.).
  • 12/21/2005 -- Tag Oil names Webster exploration manager
    Tag Oil Ltd., Calgary, has appointed Mark Webster as exploration manager.
  • 12/21/2005 -- MARKET WATCH
    Oil, natural gas futures prices rise

    Oil and natural gas futures rose slightly Dec. 20 in the New York market following the explosion of an oil pipeline in Nigeria and amid expectations that the US government would report the first drawdown of crude oil inventories in 3 weeks.
  • 12/21/2005 -- Kerr-McGee sets $1.3 billion capital budget
    Kerr-McGee Corp. has budgeted $1.3 billion for capital expenditures and $300 million for exploration in 2006.
  • 12/20/2005 -- Inclusion of ANWR leasing in defense bill riles Senate
    A provision to authorize oil and gas leasing on the Arctic National Wildlife Refuge Coastal Plain continued its wild ride through the 109th Congress as the Senate prepared on Dec. 20 to consider the defense appropriations bill in which the ANWR provision currently resides (OGJ Online, Dec. 19, 2005).
  • 12/20/2005 -- MARKET WATCH
    Crude futures prices spiral down

    Crude futures prices fell Dec. 19 for the fourth consecutive session on the New York market as forecasts of moderate weather later this month fanned traders' fears of reduced demand for energy.
  • 12/20/2005 -- Oil tax proposed to fund alternative energy
    A new tax on revenue from California oil production to fund an alternative-energy program has been proposed for consideration in the November 2006 election.
  • 12/19/2005 -- House approves oil and gas leasing in ANWR
    The US House of Representatives has passed a defense appropriations bill with a section approving oil and gas leasing of the Arctic National Wildlife Refuge Coastal Plain.
  • 12/19/2005 -- Trident Exploration to buy consultancy
    Trident Exploration Corp. agreed to acquire the assets of Rakhit Petroleum Consulting Ltd., Calgary.
  • 12/19/2005 -- Talisman Energy's 2006 E&D budget up 36%
    Talisman Energy Inc., Calgary, plans to spend $4.4 billion (Can.) on exploration and development in 2006, which would be 36% more than its 2005 budget.
  • 12/19/2005 -- MARKET WATCH
    Energy prices fall with forecasts of milder weather

    The price for the front-month contract for benchmark US crude fell below the $60/bbl mark Dec. 16 to a 2-week low on the New York Mercantile Exchange.
  • 12/16/2005 -- Sakhalin II Phase 2 clears EDRB hurdle
    Sakhalin Energy Investment Co. Ltd. has received a determination from the European Bank for Reconstruction and Development (EBRD) that its Sakhalin II Phase 2 is "fit for purpose" on environmental and social issues management.
  • 12/16/2005 -- MARKET WATCH
    Energy prices continue to fall in profit-taking

    Energy prices fell in profit-taking on the New York market Dec. 15 as traders ignored predictions of colder-than-normal US weather over the weekend.
  • 12/16/2005 -- Superior buys Cherokee basin gas wells
    Superior Oil & Gas Co., Yukon, Okla., will pay Foster Oil & Gas 300,000 shares of stock to acquire 28 natural gas wells in the Cherokee basin of southeastern Kansas and northeastern Oklahoma.
  • 12/16/2005 -- Teton Energy sets $12 million capital budget
    Teton Energy Corp., Denver, has approved a $12 million 2006 capital budget focusing on drilling in two Rocky Mountain areas.
  • 12/16/2005 -- SEPAC names Leach executive director
    Small Explorers and Producers Association of Canada (SEPAC) has appointed Gary C. Leach as executive director, effective Jan. 3, 2006.
  • 12/15/2005 -- MARKET WATCH
    Increased inventory, profit-taking lower energy prices

    Natural gas futures prices fell in a bout of profit-taking Dec. 14 after hitting record highs in the previous session on the New York market.
  • 12/15/2005 -- Wentworth Energy buys Utah oil sands leases
    Wentworth Energy Inc., Forth Worth, acquired 1,900 acres of oil sand leases in Utah's Asphalt Ridge oil sands region. The properties are 3.5 miles southwest of Vernal.

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