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General Interest 2006 P17

  • Thu Oct 12 09:10:00 CDT 2006 -- MOL to buy out Russian partner in Western Siberia
    MOL Hungarian Oil & Gas PLC plans to pay $15.5 million to buy out its Russian joint venture partner, North-West Oil Group (NWOG).
  • Wed Oct 11 12:10:00 CDT 2006 -- MARKET WATCH
    Energy prices take heavy tumble

    Energy prices fell heavily Oct. 10, wiping out virtually all gains from the previous trading session, amid confusion over whether the Organization of Petroleum Exporting Countries will actually cut crude production by 1 million b/d and, if so, when.
  • Wed Oct 11 11:10:00 CDT 2006 -- Talisman to acquire North Sea interests
    Talisman Energy (UK) Ltd. has agreed to pay an undisclosed sum to Shell UK Ltd. and Esso Exploration & Production UK Ltd. to acquire the companies' combined 85.81% interest in Fulmar oil field and a 100% interest in Auk oil field in the Central North Sea.
  • Wed Oct 11 09:10:00 CDT 2006 -- Regal Petroleum appoints new CEO
    Regal Petroleum PLC, a London-based exploration and production company, has named Neil Ritson as its new chief executive officer.
  • Wed Oct 11 09:10:00 CDT 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.
  • Tue Oct 10 11:10:00 CDT 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.
  • Tue Oct 10 11:10:00 CDT 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.
  • Tue Oct 10 11:10:00 CDT 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.
  • Tue Oct 10 10:10:00 CDT 2006 -- Study sees uneven gas trade in Europe
    The wholesale gas market in Europe is developing unevenly and too slowly to suit many traders.
  • Tue Oct 10 09:10:00 CDT 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.
  • Mon Oct 09 11:10:00 CDT 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.
  • Mon Oct 09 11:10:00 CDT 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.
  • Mon Oct 09 10:10:00 CDT 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.
  • Fri Oct 06 10:10:00 CDT 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.
  • Fri Oct 06 08:10:00 CDT 2006 -- Schumacher joins small California E&P firm
    Dietmar Schumacher has joined Terralliance Technologies Inc., Newport Beach, Calif., as senior director of geophysics.
  • Thu Oct 05 11:10:00 CDT 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.
  • Thu Oct 05 10:10:00 CDT 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.
  • Thu Oct 05 09:10:00 CDT 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.
  • Wed Oct 04 10:10:00 CDT 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.
  • Tue Oct 03 10:10:00 CDT 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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