General Interest 2006 P

10/11/2006 -- Hostages released from Nigerian Shell facility
Most hostages taken Oct. 10 from a Royal Dutch Shell PLC facility in southern Nigeria have been released, authorities said Oct. 11, adding that a further 8 workers are due to be set free later in the day.
10/10/2006 -- Solana Resources to acquire Breakaway Energy
Solana Resources Ltd., Calgary, announced plans to acquire privately held Breakaway Energy Inc. in a stock deal. Both companies are in Calgary.
10/10/2006 -- Keeper names VP of engineering, operations
Keeper Resources Inc., Calgary, has appointed Dave Oberhofer vice-president of engineering and operations. His appointment is on a consulting basis.
10/10/2006 -- MARKET WATCH
Crude price increases with possible production cut
The front-month crude contract jumped above $61/bbl briefly Oct. 9 on the New York market on reports that Saudi Arabia, Libya, Algeria, Kuwait, Venezuela, and Nigeria agreed to cut total production by 1 million b/d.
10/10/2006 -- Study sees uneven gas trade in Europe
The wholesale gas market in Europe is developing unevenly and too slowly to suit many traders.
10/10/2006 -- Heritage Oil announces new chairman, CEO
Heritage Oil Corp. announced the appointment of Michael Hibberd as chairman and also of Tony Buckingham as chief executive officer.
10/10/2006 -- Gazprom to develop Shtokman alone, pipe gas to Europe
Russia's OAO Gazprom will develop giant Shtokman gas-condensate field in the Barents Sea without foreign partners and pipe the gas to Europe.
10/09/2006 -- Alto Energy to acquire stake in Foothills Energy
Alto Energy International Ltd. of Perth plans to acquire an 12.5% interest in privately owned Foothills Energy LLC.
10/09/2006 -- Chevron, Petronas resolve Chad tax dispute
Chevron Corp. and Malaysia's state-owned Petronas have resolved a dispute with the government of Chad over the payment of taxes.
10/09/2006 -- Cavaney: Industry working to reconcile good operations, bad image
The oil and gas industry faces a huge paradox as executives from its biggest companies gather in Washington, DC, for the American Petroleum Institute's 2006 annual meeting Oct. 15-16.
10/09/2006 -- MARKET WATCH
Oil prices drop awaiting proof of OPEC production cuts
Crude oil futures prices dropped below $60/bbl on Oct. 6, and analysts forecast prices are apt to continue dropping while traders await proof that oil exporting countries actually will take oil off the market as reported last week.
10/06/2006 -- MARKET WATCH
Oil prices rise on uncertainty about OPEC production
Crude futures prices rose Oct. 5 upon media reports that the Organization of Petroleum Exporting Countries has an informal agreement to cut production. But there was no official confirmation of those reports.
10/06/2006 -- Schumacher joins small California E&P firm
Dietmar Schumacher has joined Terralliance Technologies Inc., Newport Beach, Calif., as senior director of geophysics.
10/05/2006 -- MARKET WATCH
Oil prices rally on news of OPEC-supported production cuts
Crude oil futures prices recovered Oct. 4 after a sharp decline the previous day. Traders attributed the Oct. 4 rally to reports that oil exporters had informally agreed to cut production.
10/05/2006 -- Enterprise to lay pipeline for Shenzi oil
Enterprise Products Partners LP has signed definitive agreements with producers to build, own, and operate a pipeline connecting deepwater Shenzi oil and gas field in the Gulf of Mexico with existing systems.
10/05/2006 -- GAO recommends spending limits for SPR fill
The US Department of Energy could have saved about $590 million from late 2001 through 2005 if it had used a steady dollar value of crude oil over time to assure that more purchases were made for the Strategic Petroleum Reserve when prices were low, the Government Accountability Office says.
10/05/2006 -- ConocoPhillips, EnCana create heavy oil business
ConocoPhillips and EnCana Corp. agreed to create an integrated heavy oil joint venture that will involve two 50-50 operating partnerships: one Canadian upstream and one US downstream.
10/05/2006 -- MMS publishes guidelines for coastal state aid
The US Minerals Management Service has published guidelines under which six states can receive financial help under the Coastal Impact Assistance Program.
10/04/2006 -- MARKET WATCH
Oil prices drop by more than $2/bbl in New York, London
Crude oil prices plunged by more than $2/bbl on New York and London futures markets Oct. 3 while traders continue ignoring statements from some oil exporters calling for lower oil production.
10/03/2006 -- Exxel, Galaxy revise Piceance basin deal
A unit of Exxel Energy Corp. and Galaxy Energy Corp. have revised the terms under which Exxel will buy 25% interest in Galaxy's unconventional Piceance basin gas properties in Garfield County, Colo.

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