General Interest 2006 P

12/29/2006 -- FieldPoint acquires stake in New Mexico field
FieldPoint Petroleum Corp., Austin, paid $1.67 million to a privately owned company for a 50% working interest and 43% net revenue interest in Bilbrey field in Lea County, NM.
12/29/2006 -- MARKET WATCH
Modest gain in oil prices ends 4-day loss
Crude futures prices rose modestly Dec. 28, ending a losing streak over four consecutive sessions in the New York market, as the Energy Information Administration reported a larger-than-expected plunge in US crude inventories.
12/28/2006 -- Russia to increase oil, gas exports in 2010
Russia's Economic Development and Trade Ministry has forecast that the country's gas production will increase to 722 billion cu m in 2010, with exports of 223.4 billion cu m. Oil production will grow to 512 million tonnes in 2010, with exports of 271 million tonnes, it said.
12/28/2006 -- Gazprom's Sakhalin-2 buyin to offset environmental damage
OAO Gazprom Deputy Chief Executive Alexander Medvedev said Dec. 28 that a portion of the $7.45 billion his firm spent to acquire a controlling stake in the Sakhalin-2 oil and gas project would go toward correcting alleged environmental damage caused by the development (OGJ Online, Dec. 21, 2006).
12/28/2006 -- MARKET WATCH
Oil prices continue slump
Crude prices continued to fall for the fourth consecutive trading session because of warm weather, down Dec. 27 to the lowest level for a front-month in more than a month on the New York market.
12/27/2006 -- Iran's nuclear stance may reflect oil declines
Iran may need to develop nuclear power plants to meet domestic energy requirements because its crude oil operations are seriously declining, a Johns Hopkins University researcher suggests.
12/27/2006 -- EXCO to buy Anadarko assets for $1.6 billion
EXCO Resources Inc., Dallas, has agreed to acquire Anadarko Petroleum Corp.'s oil and gas producing properties, acreage, and other assets in Vernon and Ansley fields in Jackson Parish, La., for $1.6 billion.
12/27/2006 -- Plains confirms offshore oil pipeline leak
Plains All American Pipeline LP said a crude oil leak was detected Dec. 24 on its High Island Pipeline System off Texas City, Tex., 30 miles south of Galveston in the Gulf of Mexico.
12/27/2006 -- MARKET WATCH
Warmer weather pushes down energy prices
Energy prices fell as markets reopened Dec. 26 after the long Christmas holiday. Traders shrugged off geopolitical issues to focus instead on predictions of warm weather that would reduce US demand for fuel.
12/27/2006 -- Baseline Oil & Gas hires president, COO
San Antonio independent Baseline Oil & Gas Corp. has hired Thomas Kaetzer as president and chief operating officer.
12/27/2006 -- WoodMac: GOM key for merging Statoil-Hydro
The merger of Statoil ASA's and Norsk Hydro ASA's oil and gas businesses will create an upstream player whose most important future international operations will be in the deepwater Gulf of Mexico, Wood Mackenzie analysts said.
12/22/2006 -- TransCanada to buy ANR, other assets from El Paso
TransCanada Corp. plans to acquire ANR Pipeline Co. and ANR Storage Co. and an additional 3.55% interest in Great Lakes Gas Transmission Ltd. Partnership from El Paso Corp.
12/21/2006 -- Gazprom buying into Sakhalin Energy
OAO Gazprom signed a protocol with Royal Dutch Shell PLC, Mitsui &Co. Ltd., and Mitsubishi Corp. to bring Gazprom into the Sakhalin Energy Investment Co. Ltd. (SEIC) as the leading shareholder.
12/21/2006 -- Venezuelan energy minister resigns
Venezuelan Energy Minister Rafael Ramirez resigned after President Hugo Chavez requested the resignation of all his cabinet ministers.
12/21/2006 -- MARKET WATCH
Crude prices climb; gas prices fall
Crude prices edged higher Dec. 20 following the Energy Information Administration's report of a larger-than-expected drop in commercial US crude stocks in the week ended Dec. 15.
12/21/2006 -- BG buys stakes in UK North Sea fields
BG Group PLC has agreed to acquire ConocoPhillips's equity stakes in Armada and Everest fields in the Central North Sea for $143 million.
12/21/2006 -- Harken acquires shares of Canadian independent
Harken Energy Corp., Houston, acquired common shares and warrants amounting to about 9% of Spitfire Energy Ltd., a public Calgary independent producer with operations in Alberta and Saskatchewan.
12/21/2006 -- Bush signs Senate's OCS bill into law
President Bush signed into law the tax relief and health care bill that includes S. 3711, which reopens to oil and gas leasing acreage in the eastern Gulf of Mexico.
12/21/2006 -- US energy corridor study needs more time
A federal interagency team needs more time to consider comments received on potential environmental impacts of designating energy corridors in 11 western US states.
12/20/2006 -- Holiday publishing schedule
Because of the Christmas and New Year's holidays, the Oil & Gas Journal Daily Update e-newsletter will not be issued Dec. 21, 2006, through Jan. 1, 2007. E-newsletter distribution will resume Jan. 2, 2007.

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