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General Interest 2006 P12

  • 11/20/2006 -- Nigerian militants leave oil-pumping station
    Militants in Nigeria have abandoned an oil-pumping station operated by Nigeria Agip Oil Co. (NAOC) after a 2-week siege, freeing nine contract workers and some 20 government soldiers.
  • 11/17/2006 -- Kazakhstan opposing CITIC-Nations Energy deal
    Kazakhstan's oil minister Baktykozha Izmukhambetov said his country will block efforts by CITIC Group of China to purchase the assets of Nations Energy Co., Calgary, including Karazhanbas field (OGJ Online, Oct. 26, 2006).
  • 11/17/2006 -- Serica, BG exchange interests in North Sea acreage
    Serica Energy PLC and BG Group PLC subsidiary BG International Ltd. has agreed to exchange interests in adjacent exploration licenses in the UK Central North Sea.
  • 11/17/2006 -- FERC grants first market-based gas storage rates request
    The Federal Energy Regulatory Commission on Nov. 16 granted an interstate natural gas storage operator market-based rates for the first time.
  • 11/17/2006 -- Petro-Canada to divest oil sands properties
    Petro-Canada plans to divest its interests in five in situ oil sands properties in Alberta so it can focus on other oil sands properties.
  • 11/17/2006 -- Prompt passage of pipeline safety bill urged
    New federal pipeline safety legislation is overdue and should be passed before the end of the year, witnesses and lawmakers agreed at a Nov. 16 hearing before the Senate Commerce, Science, and Transportation Committee.
  • 11/17/2006 -- MARKET WATCH
    Crude futures price hits new low for year

    The December contract for benchmark US light, sweet crudes plunged by $2.50 to $56.26/bbl Nov. 16 in New York.
  • 11/17/2006 -- EPA issues subsoil tank containment grant rules
    The US Environmental Protection Agency has issued the final secondary containment grant guidelines for states.
  • 11/16/2006 -- JED Oil reports new president, other changes
    James Rundell has been appointed president of JED Oil Inc., succeeding Al Williams, who resigned along with Chief Financial Officer David Ho in what the company calls a comprehensive change to its business plan.
  • 11/16/2006 -- CERA study challenges 'peak oil' theory
    The "peak oil" theory, stipulating that world oil production will soon peak and sharply decline, is flawed, according to an analysis by Cambridge Energy Research Associates (CERA).
  • 11/16/2006 -- Senate Democrats signal climate-change push
    Three incoming Senate committee chairmen have asked President George W. Bush to commit to working with the new Congress in passing aggressive climate change legislation in 2007.
  • 11/16/2006 -- MARKET WATCH
    Energy prices rebound with bullish inventory report

    Energy prices rebounded Nov. 15 on the bullish combination of reduced US inventories of petroleum products and forecasts of normal to below-normal autumn temperatures across most of the nation.
  • 11/15/2006 -- DOI to assemble royalty policies review panel
    The US Department of the Interior is forming an independent panel to examine royalty policies and procedures on federal and Indian lands, the federal department announced on Nov. 14.
  • 11/15/2006 -- EIA: Greenhouse gas emissions up, but growth rate declines
    While volumes of greenhouse gases emitted in the US are rising, the rate of increase and amounts emitted in relation to economic growth are falling.
  • 11/15/2006 -- MARKET WATCH
    Crude prices continue downward spiral

    Near-month crude futures price climbed briefly to $59.15/bbl Nov. 14 on the New York market before continuing a 3-day downward spiral amid mild weather in the Northeastern US.
  • 11/15/2006 -- Gazprom to sell gas directly to Italian consumers
    Eni SPA signed a new gas distribution agreement with Russia's OAO Gazprom, enabling the Russian state-controlled gas giant to sell gas directly to Italian consumers. Previously, Eni distributed Russian gas.
  • 11/15/2006 -- Total appoints Darricarrère president, E&P
    Total SA has appointed Yves-Louis Darricarrère president, exploration and production.
  • 11/15/2006 -- Baltimore marketer settles EPA tank charges
    Carroll Independent Fuel Co. reached a consent agreement with the US Environmental Protection Agency Nov. 14 in which the Baltimore-based heating oil, gasoline, and products distributor agreed to pay a $284,156 civil penalty and complete a special environmental project at 32 of its facilities in Maryland.
  • 11/14/2006 -- UK shifts Darling to cabinet-level energy job
    UK Sec. of State Alistair Darling, who leads the UK Department for Trade and Industry, will assume responsibility for energy in a reorganization that gives energy cabinet-level status for the first time in more than a decade.
  • 11/13/2006 -- Dana Gas to acquire Centurion Energy
    Private gas company Dana Gas PJSC of Sharjah, UAE, will acquire Centurion Energy International Inc., Calgary, for $1.15 billion (Can.), or $12/share.
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