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General Interest 2006 P10

  • 12/08/2006 -- Iranian, Russian project woes hinder Japanese strategy
    Troubled projects in Iran and Russia have set back the Japanese government's newly aggressive effort to secure international oil and gas supplies, reports Tomoko Hosoe of FACTS Inc., Honolulu.
  • 12/08/2006 -- MMS bills BP for disputed royalties, defends system
    A BP America Inc. subsidiary has been billed more than $32 million for underpayment of royalties, the US Minerals Management Service announced on Dec. 7.
  • 12/07/2006 -- Report faults MMS royalty system; lawmakers urge change
    The US Minerals Management Service has come under new criticism for its management of royalties paid on oil and gas produced under federal offshore leases.
  • 12/07/2006 -- MARKET WATCH
    Crude oil prices slip lower

    Energy prices slipped lower Dec. 6, despite a bullish report on draws from US petroleum inventories, with markets still uncertain over pending production cuts by the Organization of Petroleum Exporting Countries, which is scheduled to meet Dec. 14 in Nigeria.
  • 12/07/2006 -- Existing state laws, regulations urged for CO2 storage
    Existing state gas-storage statutes and regulatory frameworks should govern future carbon capture and storage (CCS) projects, says an Interstate Oil & Gas Compact Commission task force leader.
  • 12/07/2006 -- House approves pipeline safety reauthorization bill
    Pipeline safety legislation considered dead a few weeks earlier came back to life as the US House passed an amended bill by voice vote on Dec. 6. The measure headed for the Senate, where prompt approval was expected.
  • 12/06/2006 -- Tighter oil market likely in 2007, analyst says
    The oil market is likely to tighten in 2007 with global demand for crude up by 1.7 million b/d, non-OPEC production growing by just 1 million b/d, and only a 1.1 million b/d increase in refining capacity, said Edward L. Morse, managing director and chief energy economist for Lehman Bros. Inc., New York.
  • 12/06/2006 -- MARKET WATCH
    Natural gas prices continue to fall

    Crude futures prices were virtually unchanged Dec. 5 on the New York market as traders awaited the latest inventory reports, but natural gas futures continued to fall because of forecasts of warmer weather.
  • 12/06/2006 -- House passes bill on produced-water use
    The US government would study expanded uses for water produced with oil and gas under legislation passed Dec. 5 by the House of Representatives.
  • 12/06/2006 -- OCS leasing bill pulled from House floor
    US House leaders pulled the Senate's Outer Continental Shelf oil and gas leasing reform bill from the floor on Dec. 5.
  • 12/05/2006 -- Mariner sells interest in Cottonwood project
    Mariner Energy Inc. on Nov. 1 completed the sale of its 20% working interest in the Cottonwood project in the Gulf of Mexico, to the project's operator, Petrobras America Inc., for $31.8 million.
  • 12/05/2006 -- MARKET WATCH
    Crude futures prices end 5-day rally

    Crude futures prices fell Dec. 4, ending a 5-day rally on the New York Market, with a recovery of the US dollar and the National Weather Service's forecast for warmer weather in the northern US next week.
  • 12/05/2006 -- Petrobras changes international area executives
    Petroleo Brasileiro SA (Petrobras) has made several changes to its international area executive staff, all effective Jan. 1.
  • 12/04/2006 -- Calderon proposes opening Mexico's oil industry
    Mexico's new President Felipe Calderon proposes opening the country's oil industry to foreign oil corporations to help increase crude oil exports.
  • 12/04/2006 -- Statoil lets Kollsnes gas plant upgrade contract
    Statoil ASA, on behalf of state-owned Gassco AS, has let an engineering, installation, construction, and commissioning contract to Vetco Aibel for a gas compressor and a condensate train at the Kollsnes gas processing plant near Bergen, Norway.
  • 12/04/2006 -- MARKET WATCH
    Crude price rally continues with cold weather

    Crude futures prices climbed to a 2-month high Dec. 1 as the first major cold front of the season reached New York after spreading across most of the Midwest.
  • 12/04/2006 -- US House schedules debate on Senate's OCS bill
    US House leaders included the Senate's Outer Continental Shelf oil and gas leasing reform bill on Dec. 1 when they announced 16 measures scheduled for floor debate this week.
  • 12/01/2006 -- CERA: US motor fuel market changing
    The US motor fuel market is being transformed by higher prices, tightening environmental requirements, changing demographics, growing world demand for oil, and expanding fuel options, said analysts at CERA.
  • 12/01/2006 -- Surge to acquire private oil sands company
    Surge Global Energy Inc. agreed to acquire a private Alberta oil sands company in a cash-stock transaction valued at $16 million (Can.) total. The name of the private company was not disclosed.
  • 12/01/2006 -- WoodMac: production boost forecast for Venezuela
    Production from Venezuela's marginal fields will surge within 3 years, predicts Wood Mackenzie Ltd., Edinburgh.

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