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General Interest 2006 P11

  • 12/01/2006 -- MARKET WATCH
    Crude prices rally for fourth consecutive session

    Crude energy futures prices increased Nov. 30 in the fourth consecutive trading session on the New York market as freezing weather continued to push across the US.
  • 12/01/2006 -- CITC buys stake in Indonesian oil field
    CITC Resources has acquired a 51% stake in an oil field on the Seram Non-Bjula Block (PSC) of Seram Island in East Indonesia from Kuwait Foreign Petroleum Exploration Co.
  • 12/01/2006 -- Group applies to divest Mont Belvieu stake
    Dan L. Duncan and three corporate entities are seeking approval from the US Federal Trade Commission to sell their interests in Mont Belvieu Storage Partners to partner Louis Dreyfus Energy Services LP.
  • 11/30/2006 -- MARKET WATCH
    Cold-weather demand tightens markets, raises energy prices

    Energy prices continued to soar Nov. 29 on reports of inventory reductions as cold weather spread across much of the US.
  • 11/30/2006 -- Small producers cite struggles in UK North Sea
    Small oil and gas companies are struggling to acquire and develop acreage in UK licensing rounds because of intense competition and high taxes, company executives said at a conference in London.
  • 11/30/2006 -- Talisman Energy sells noncore oil sands assets
    Talisman Energy Inc. agreed to sell some of its noncore oil sand assets in two deals worth a total of $582.5 million (Can.).
  • 11/29/2006 -- BLM inventory finds oil, gas resources heavily restricted
    Just 3% of federal onshore oil and 13% of onshore federal gas are currently available under standard lease terms, the US Bureau of Land Management said on Nov. 28.
  • 11/29/2006 -- MARKET WATCH
    Cold weather pushes up oil, gas prices

    An arctic cold front boosted oil and natural gas prices to the highest levels in months as it dumped 2 ft of snow from Washington to Colorado Nov. 28.
  • 11/28/2006 -- Abu Dhabi National Energy buys BP assets
    Abu Dhabi National Energy Co. is buying from BP Netherlands its exploration and production and gas infrastructure business, including various production assets and the Piek Gas Installatie gas supply plant near Alkmaar.
  • 11/28/2006 -- MARKET WATCH
    Cold weather hikes energy prices

    An Arctic cold front moved into the western US, hiking natural gas futures prices to $8/MMbtu and pulling crude futures prices above $60/bbl as post-holiday trading resumed Nov. 27 on the New York market.
  • 11/27/2006 -- Gazprom marketing directly to French consumers
    Russia's gas giant Gazprom officially launched Gazprom Marketing & Trading France Nov. 24 in Paris to further develop a total upstream-to-downstream natural gas export strategy. Describing France as "a strategic market," it intends to sell gas directly to consumers rather than through wholesalers.
  • 11/27/2006 -- MARKET WATCH
    Nigerian strife raises crude prices

    The New York Mercantile Exchange was closed Nov. 23-24 for the US Thanksgiving holiday, but oil prices were up in other markets because of renewed militant attacks on crude supplies in Nigeria that disrupted production of 60,000 b/d.
  • 11/27/2006 -- Canada removes tax benefits for trusts
    The Canadian government's decision to remove tax advantages from companies doing business as income trusts will mean the end of the oil and gas trust structure in its current form, said a report by Wood Mackenzie Ltd., Edinburgh.
  • 11/22/2006 -- MARKET WATCH
    Loading delays at Valdez raise crude prices

    Crude prices rebounded above $60/bbl Nov. 21 on the New York market as strong winds halted tanker loadings in Valdez, Alas.
  • 11/21/2006 -- Antrim secures drilling rig for UK North Sea
    Antrim Energy Inc., Calgary, has secured a semisubmersible rig to drill three Causeway appraisal-development wells next year on UK North Sea Block 211/22a.
  • 11/21/2006 -- JED Oil acquisition of JMG Exploration cancelled
    JED Oil Inc., Calgary, said JMG Exploration Inc., an affiliate incorporated in Nevada, has decided to abandon plans in which JED would have acquired JMG.
  • 11/20/2006 -- Republican group opposes broad OCS bill
    If an Outer Continental Shelf leasing reform bill comes before the full House during the lame-duck session, it should be S. 3711 and not the broader HR 4761, 18 House Republicans told Majority Leader John Boehner (R-Ohio).
  • 11/20/2006 -- MARKET WATCH
    Crude hits 17-month low on New York market

    The December contract for benchmark US crudes expired Nov. 17 at the lowest closing price in 17 months on the New York market amid calls from some members of the Organization of Petroleum Exporting Countries for another production cut at their December meeting.
  • 11/20/2006 -- Isramco to acquire Texas, New Mexico properties
    Isramco Inc., Houston, agreed to buy certain oil and gas properties in Texas and New Mexico from Five States Energy Co. LLC, Dallas, for $100 million. Closing is scheduled for Jan. 20, 2007.
  • 11/20/2006 -- Gazprom gets 51% of new JV with Lukoil
    OAO Lukoil Holdings ceded control of a joint venture for new projects to state-controlled OAO Gazprom's oil subsidiary, Gazprom Neft.

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