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General Interest 2006 P15

  • 10/26/2006 -- Shell platforms siege ended in Niger Delta
    Villagers in Nigeria who took over three Royal Dutch Shell PLC oil platforms in the Niger Delta Oct. 25, have agreed to end their siege and allow operations to resume.
  • 10/26/2006 -- Stranded supply eyed for gas-feedstock needs
    Innovation with stranded gas resources can help meet the needs of gas-dependent industries, says a new report by Edinburgh consultants Wood Mackenzie.
  • 10/25/2006 -- EnCore to acquire four companies with UK blocks
    Encore Oil PLC, London, announced a sales and purchase agreement to acquire four oil and gas companies having blocks in the UK North Sea. The four firms are privately held Virgo Oil & Gas PLC and Virgo Energy Ltd., Nido Petroleum (UK) Ltd., and Grove Energy (UK).
  • 10/25/2006 -- MARKET WATCH
    Cold weather raises energy prices

    Energy prices rose Oct. 24, led by natural gas and fuel oil, as US forecasts of cold weather triggered speculation of reduced heating oil inventories in the wake of the proposed reduction of crude production by members of the Organization of Petroleum Exporting Countries.
  • 10/24/2006 -- Barndt named R2R Technologies president
    R2R Technologies LLC, a startup production company, has appointed Jeff Barndt president.
  • 10/24/2006 -- Louisiana, MMS negotiate settlement in lease sale lawsuit
    Louisiana Gov. Kathleen Babineaux Blanco said attorneys for the state have negotiated a settlement in her lawsuit against the US Minerals Management Service, and the settlement would delay Lease Sale 201.
  • 10/24/2006 -- PetroHunter to buy Galaxy's Powder River assets
    PetroHunter Energy Corp., Denver, plans to buy Galaxy Energy Corp.'s Powder River basin assets for $45 million in a cash-equity deal.
  • 10/24/2006 -- MARKET WATCH
    Energy prices continue to fall

    Energy prices fell a second consecutive day after the Organization of Petroleum Exporting Countries announced a 1.2 million b/d production cut to shore up a $20 drop in crude futures prices from a peak above $78/bbl in mid-July.
  • 10/24/2006 -- EC probes Germany's E.On Ruhrgas stake
    The Department for the Internal Market at the European Commission has written to the German government seeking information on its alleged "golden share" in E.On Ruhrgas AG, Essen, Germany.
  • 10/24/2006 -- Putin seeks EU energy demand security
    Russian President Vladimir Putin has hardened doubts that he'll ratify the Energy Charter on cooperation with Europe, which his country entered 10 years ago.
  • 10/24/2006 -- Shell's Hofmeister: US needs broad-based energy strategy
    Shell Oil Co. Pres. John D. Hofmeister called for a broadly based US energy strategy that pursues every option from increased access to potential oil and gas resources to increasing energy efficiency and developing alternate fuels.
  • 10/23/2006 -- Shell offers $7.7 billion (Can.) to buy out Shell Canada
    Royal Dutch Shell PLC offered to buy the shares that it does not already own in Shell Canada Ltd. in a move aimed at boosting the parent company's stake in oil sands. Shell currently owns 78% interest in Shell Canada. The group offered $40/share (Can.) or $7.7 billion.
  • 10/23/2006 -- MARKET WATCH
    OPEC production cut doubts reduce prices

    Having risen in the previous session after Saudi Arabia endorsed a proposed production cut, crude futures prices fell Oct. 20 after the Organization of Petroleum Exporting Countries announced a larger-than-expected reduction of 1.2 million b/d that would lower the 10 affected members' current production to 26.3 million b/d on Nov. 1.
  • 10/23/2006 -- Pluris Energy to buy Argentinean firm
    Pluris Energy Group Inc., Houston, has agreed to acquire San Enrique Petrolera SA of Buenos Aires for an undisclosed amount.
  • 10/23/2006 -- Pearl E&P, Atlas Energy to merge
    Calgary independents Pearl Exploration & Production Ltd. and Atlas Energy Ltd. signed a merger agreement worth $340 million (Can.). Closing is expected in December.
  • 10/20/2006 -- FERC streamlines rules on gas from LNG
    The US Federal Energy Regulatory Commission broadened its rules on natural gas projects eligible to proceed without a specific, case-by-case FERC authorization.
  • 10/20/2006 -- EU, Russia seek more-secure energy partnership
    The European Union's energy security strategy is embracing a worldwide notion including not only its traditional suppliers but also Africa and Latin America.
  • 10/20/2006 -- Argentina, Bolivia sign natural gas accord
    Argentine President Nestor Kirchner and Bolivia President Evo Morales on Oct. 19 signed a natural gas accord calling for $1 billion worth of investments to increase the flow of Bolivian gas into Argentina.
  • 10/20/2006 -- MARKET WATCH
    Energy prices rise; OPEC cuts 1.2 million b/d

    Energy prices rose Oct. 19 after Saudi Arabian Oil Minister Ali I. al-Naimi endorsed a counter-seasonal proposal to reduce production from the Organization of Petroleum Exporting Countries at a meeting in Qatar.
  • 10/20/2006 -- Total's stake in Cepsa reaches 48.83% interest
    Total SA now holds 48.83% interest in Spanish integrated firm Cepsa Group, having recently bought 4.35% interest from Banco Santander Central Hispano (Santander).

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