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General Interest 2005 P

  • 01/10/2005 -- Transmeridian hires vice-president, operations
    Houston-based Transmeridian Exploration Inc. announced that Steve Thornton has joined the company and will assume the duties of a newly-created position, vice-president, operations.
  • 01/11/2005 -- MARKET WATCH
    Energy prices are mixed in conflicted markets

    Energy prices were mixed Jan. 10, with the near-month crude futures hitting the highest level since Dec. 1 on the New York Mercantile Exchange before closing the session at a slight loss.
  • 01/11/2005 -- Shell to sell Bakersfield refinery
    Shell Oil Products US has signed an agreement to sell its 70,000 b/d refinery to a subsidiary of Flying J Inc.
  • 01/11/2005 -- Oil, gas prices seen softening in 2005
    Oil and natural gas futures prices will be volatile and likely lower by Dec. 31 than they were on Jan. 1, analysts from Foresight Research Solutions LLC said in a Jan. 11 conference call.
  • 01/11/2005 -- Roc Oil to buy stake in North Sea field
    Roc Oil Ltd., Sydney, said it will acquire a 26% equity interest in Ardmore oil field in the UK North Sea from private British company Acorn Oil & Gas Ltd. Acorn will retain 9%.
  • 01/12/2005 -- Industrial gas users list policy aims
    A group of US industrial consumers of natural gas will submit to the Senate Energy and Natural Resources Committee on Jan. 24 a long list of incentives to both reduce demand and expand supplies of gas in order to drive down prices.
  • 01/12/2005 -- XTO Energy to buy Barnett shale producer
    XTO Energy Inc., Ft. Worth, has agreed to purchase privately held Antero Resources Corp., Denver, a Barnett shale gas producer, for $685 million.
  • 01/12/2005 -- MARKET WATCH
    Crude prices rise with supply disruptions

    Energy prices generally increased Jan. 11 as traders became more concerned about supply disruptions.
  • 01/12/2005 -- UBS survey shows E&P spending rebound
    Increases in oil and gas companies' spending plans in the US and Canada indicate robust oil service fundamentals and drilling activity levels in the near term, said UBS Warburg LLC in its latest monthly PatchWork Survey.
  • 01/13/2005 -- MARKET WATCH
    Crude prices continue to climb

    Energy prices generally increased Jan. 12 amid continued weather interference with crude production from the North Sea.
  • 01/14/2005 -- MARKET WATCH
    Natural gas leads energy price rally

    Energy prices soared Jan. 13, led by a rally in natural gas futures as traders, faced with a new wave of cold weather, shrugged off a slightly bearish report on US gas storage and scrambled to cover a large number of open sales contracts.
  • 01/17/2005 -- MARKET WATCH
    Crude oil futures prices continue to climb ahead of US holiday

    Crude oil futures prices continued to climb Jan. 14 ahead of Monday's US holiday commemorating civil rights leader Martin Luther King.
  • 01/17/2005 -- Japan, Russia start talks on oil pipeline details
    Japan's Foreign Minister Nobutaka Machimura, on a visit to Moscow that began Jan. 13, was expected to confer with Russian officials about their recently announced decision to construct an $11.5 billion oil pipeline from East Siberia to the Pacific coast.
  • 01/18/2005 -- MARKET WATCH
    Oil prices post small gains

    There was only slight movement in crude prices Jan. 17 with the New York Mercantile Exchange closed for the US holiday observing the birth date of civil rights leader Martin Luther King.
  • 01/18/2005 -- BP to build wind farm near Amsterdam
    BP PLC has begun construction of a 9 Mw wind farm at its oil and products import-export terminal at the Port of Amsterdam.
  • 01/18/2005 -- Total buying stake in Block 4 off Venezuela
    Total SA agreed to buy a 49% interest in Block 4 of the Plataforma Deltana area of the Venezuelan continental shelf from Statoil ASA. Terms were not disclosed.
  • 01/18/2005 -- API seeks energy policy; IEA notes spending caution
    Red Cavaney, president and CEO of the American Petroleum Institute, called for major changes in US energy policy in a Jan. 18 address to a forum of the US Energy Association of public and private energy-related organizations, corporations, and government agencies.
  • 01/19/2005 -- MARKET WATCH
    Energy prices dip during volatile trading

    Energy futures prices generally declined slightly after fluctuating through some wide swings as the New York Mercantile Exchange resumed trading Jan. 18.
  • 01/19/2005 -- High oil-service profitability seen
    Oil service companies are expected to experience higher profitability throughout 2005 than in 2004 because of high oil and natural gas prices, strong demand, and an improving world economy, said Jefferies & Co. Inc., New York.
  • 01/19/2005 -- FTC studies oil mergers, fuel prices
    The US Federal Trade Commission is monitoring the price effects of past oil company mergers and consolidation in the petroleum industry, said FTC Chairman Deborah Platt Majoras.

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