General Interest 2005 P

10/28/2005 -- SK Corp. cuts bid for Inchon Oil Refinery
South Korean refiner SK Corp. has reduced its bid for Inchon Oil Refinery Co. Ltd. by 160 billion won to about 3.04 trillion won, industry sources said.
10/28/2005 -- Senate panel seeks energy ideas from Norton, Bodman
Interior Sec. Gale A. Norton and Energy Sec. Samuel W. Bodman probably expected to spend most of their time discussing their agencies' responses to Hurricanes Katrina and Rita when they went before the Senate Energy and Natural Resources Committee on Oct. 27.
10/28/2005 -- CSB cites six safety issues in BP refinery explosion
Investigators from the US Chemical Safety and Hazard Investigation Board (CSB) Oct. 27 identified six key safety issues underlying the Mar. 23 explosions and fire at BP PLC's 446,400 b/cd Texas City, Tex., refinery. The incident, which was contained within the plant's 24,300 b/cd isomerization unit, killed 15 workers and injured 170 others (OGJ Online, Mar. 23, 2005).
10/28/2005 -- Provident to buy EnCana NGL business
Provident Energy Trust agreed to buy EnCana Corp.'s NGL business for $586 million, subject to closing conditions and regulatory approvals. Both companies are based in Calgary.
10/28/2005 -- MARKET WATCH
New York crude futures price passes $61/bbl
The front-month crude futures price climbed above $61/bbl in the New York market as oil companies began reporting record profits for the latest quarter.
10/27/2005 -- Deep Rock, private firm to seek production
Deep Rock Oil & Gas Inc., Tulsa, signed a letter of intent with privately owned Washington Gathering Systems Inc. to jointly acquire existing or develop natural gas production in northern Oklahoma.
10/27/2005 -- Kerr-McGee gains Trinidad and Tobago stakes
Kerr-McGee Oil & Gas Corp., through its Trinidad and Tobago affiliates, acquired a 25% interest in the southern part of Block 2(c) Retained Exploration Area (REA) and a 30% interest in Block 3(a) off Trinidad and Tobago.
10/27/2005 -- MARKET WATCH
Increased US inventories deflate energy prices
Energy prices fell Oct. 26 on reports of builds in US crude and gasoline inventories, but markets didn't relinquish all of the gains from the previous trading session.
10/27/2005 -- NEB: Canadian gas prices to stay robust through 2006
Canada's National Energy Board expects natural gas prices in Canada to remain high through 2006 and production to change little. The combination means limited growth in natural gas liquids (NGL) supply.
10/27/2005 -- Sri Lanka creates petroleum ministry
Sri Lanka President Chandrika Kumaratunga announced that she will function as minister of a new Petroleum Resource Development Ministry.
10/26/2005 -- Independent CEOs see challenges with high prices
Chief executive officers of four US independent exploration and production companies noted during a panel discussion here that the high commodity prices currently boosting their profits also create challenges.
10/26/2005 -- Audubon Society chief urges compromise
While oil companies receive blame for greenhouse gases and climate change, the business community to which they belong provides leadership in addressing global warming, National Audubon Society Pres. John Flicker told the annual meeting of the Independent Petroleum Association of America.
10/26/2005 -- MARKET WATCH
Cooler weather buoys energy prices
Energy prices jumped Oct. 25 as a cold snap in the US Midwest and Northeast prompted worries about possible shortages of natural gas and heating oil this winter.
10/26/2005 -- Republican leaders urge refining investment
As a US Senate committee prepared to mark up its version of a bill to facilitate additions to domestic refining capacity, House Speaker J. Dennis Hastert of Illinois and four other Republican House leaders said oil companies should spend more on new refining capacity.
10/25/2005 -- Petrohawk prepares for growth, eventual sale
PetroHawk Energy Corp, Chairman, Pres., and CEOFloyd C. Wilson "We are an acquisition company, and we created a drilling program through the process. Acquisitions and divestments are key steps."
10/25/2005 -- House budget package contains major OCS provisions
When the US House Resources Committee marks up budget reconciliation legislation this week, the section that would authorize oil and gas leasing on the Arctic National Wildlife Refuge's coastal plain will get most of the attention.
10/25/2005 -- MARKET WATCH
Crude futures prices fall as Wilma hits Florida
Crude futures prices fell Oct. 24 as Hurricane Wilma avoided most of the oil and natural gas production in the Gulf of Mexico before hitting southwest Florida as a Category 3 storm.
10/24/2005 -- MARKET WATCH
Hurricane forces evacuations; prices up
Crude oil prices increased Oct. 21 as Hurricane Wilma pushed large swells into the Gulf of Mexico, forcing more evacuations of rigs and platforms and shutting in more production.
10/21/2005 -- Talisman acquiring Paladin Resources
A subsidiary of Calgary independent Talisman Energy Inc. agreed to acquire British producer Paladin Resources PLC for $2.5 billion (Can.).
10/21/2005 -- Vermilion negotiating to buy Esso REP stake
Vermilion REP, an affiliate of Vermilion Energy Trust, Calgary, is negotiating with Esso SAF to purchase its 90% stake in the French exploration and production unit Esso REP.

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