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General Interest 2006 P13

  • 11/13/2006 -- MARKET WATCH
    Energy futures prices drop on IEA report

    Prices for the energy complex declined Nov. 10 on the New York futures market. The retreat came after crude oil prices jumped above $61/bbl on Nov. 9—the front month's highest level in 2 weeks.
  • 11/10/2006 -- IEA: Fossil energy to dominate market through 2030
    Fossil fuels will dominate the energy market through 2030 as oil's share slips to 33% from 35%, according to the International Energy Agency's World Energy Outlook 2006.
  • 11/10/2006 -- Elections jostle the outlook for US energy issues
    Energy remains firmly on the national agenda following Nov. 7 congressional elections in which Republicans received what US President George W. Bush described as "a thumpin'."
  • 11/10/2006 -- MARKET WATCH
    Natural gas prices jump as storage falls

    Energy futures prices were up across the board Nov. 9 in New York as natural gas reached its highest price in more than 3 months and the crude price settled at its highest level in 2 weeks.
  • 11/09/2006 -- BLM to hold drilling permit pilot hearings
    The US Bureau of Land Management will hold two public "listening sessions" Nov. 14 in Denver on the pilot program to improve federal oil and gas permit coordination.
  • 11/09/2006 -- MARKET WATCH
    Oil prices rise as US distillate stocks fall

    Energy prices rose Nov. 8 in the New York market as US distillate stocks fell for the fifth straight week.
  • 11/08/2006 -- MARKET WATCH
    Crude prices fall in uncertain markets

    Crude prices fell Nov. 7, wiping out gains from the previous market session, with traders again unsure whether the Organization of Petroleum Exporting Countries will cut production as promised.
  • 11/08/2006 -- UKOOA: Skills shortage worries UK oil industry
    An acute lack of skilled engineers and technologists is threatening the development of the UK Continental Shelf (UKCS), speakers warned Nov. 7 at the UK Offshore Operators' Association (UKOOA) industry conference in Aberdeen.
  • 11/07/2006 -- Nigeria, South Korea ponder rail-for-oil trade
    South Korean Commerce, Industry, and Energy Minister Chung Sye-kyun and Nigerian Oil Minister Edmund Daukoru signed a memorandum of understanding Nov. 6 that envisions upgrading the African country's rail system in exchange for oil interests.
  • 11/07/2006 -- UKOOA urges tax change to boost production
    The UK government must change the fiscal regime to ensure production of the 27 billion bbl of oil and gas equivalent that might be recoverable from the UKCS, Malcolm Webb, chief executive of UKOOA, said Nov. 7.
  • 11/07/2006 -- MARKET WATCH
    NYMEX crude oil price climbs over $60/bbl

    Crude oil futures prices settled above $60/bbl Nov. 6 on the New York market after Saudi Arabia Oil Minister Ali al-Naimi mentioned the possibility of additional production quota cuts by the Organization of Petroleum Exporting Countries.
  • 11/06/2006 -- Chavez again threatens to stop oil exports to US
    Venezuelan President Hugo Chavez again has threatened to cut oil sales to the US if it does not recognize the results of Venezuela's December presidential election or if irregularities mar the vote, or state oil company Petroleos de Venezuela SA (PDVSA) faces "destabilizing" actions.
  • 11/06/2006 -- Militant attack shuts Nigerian pumping station
    Agip's Tebidaba oil pumping station in Nigeria's southern Bayelsa state has been overrun and shut down following an attack on Nov. 6 by armed militants, according to company and government officials.
  • 11/06/2006 -- Madagascar Oil appoints new chief operating officer
    Madagascar Oil Ltd. (MOL) has appointed George B. Nilsen chief operating officer.
  • 11/06/2006 -- MARKET WATCH
    Threats to oil facilities push up energy prices

    Energy prices rose Nov. 3 with threats against oil facilities in Indiana and Nigeria.
  • 11/06/2006 -- KNOC to acquire stake in Kazakh oil field
    State-owned Korea National Oil Corp. is to acquire half of LG International Corp.'s (LGI) 50% stake in Egizkara oil field in Kazakstan near the Caspian Sea.
  • 11/03/2006 -- DOJ, SEC probe Bonny Island partners for violations
    The US DOJ and the SEC are formally investigating whether a JV in which Halliburton Co. has a 25% interest played a role in alleged bribes of Nigerian government officials.
  • 11/03/2006 -- MARKET WATCH
    Oil price continues falling while gas price climbs

    The front-month crude futures price hit a 2-week low Nov. 2 on the New York market amid uncertainties about production cuts by the Organization of Petroleum Exporting Countries, but natural gas futures prices continued to climb.
  • 11/03/2006 -- GE, Sunland Resources to buy Louisiana reserves
    GE Energy Financial Services and Sunland Resources LLC agreed to buy natural gas and oil reserves in northern Louisiana for $101 million from a consortium led by Caruthers Producing Co. Inc.
  • 11/02/2006 -- Gas Summit analyzes EU gas supply-demand issues
    At the 11th Gas Summit held Oct. 26-27 in Paris, no ministers or officials attended, and discussions took place among industry leaders alone with few political overtones. Participants discussed EU gas supply-demand issues, including difficulties entering established markets.
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