1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

General Interest 2006 P18

  • 10/03/2006 -- Unit Petroleum to acquire Brighton Energy
    Unit Petroleum Co., Tulsa, plans to acquire privately owned Brighton Energy LLC for $67 million. The acquisition includes proved reserves of 27 bcf of gas equivalent and 5 MMcfd of production.
  • 10/03/2006 -- MARKET WATCH
    Oil prices fall as traders discount supply concerns

    Oil prices dropped Oct. 2 on light trading volumes due in part to the Yom Kippur Jewish holiday. Meanwhile, traders reacted indifferently to announcements that Venezuela and Nigeria plan to cut their oil production.
  • 10/02/2006 -- Lukoil closes acquisition of Chaparral Resources
    OAO Lukoil Overseas Holding Ltd. on Sept. 29 closed its $88.6 million acquisition of Chaparral Resources Inc., an exploration and development company based in New York with operations in Kasakhstan.
  • 10/02/2006 -- OCS compromise eludes US Congress energy leaders
    US Senate and House energy leaders headed into the preelection recess pledging to reach a compromise before yearend but were still divided over Outer Continental Shelf oil and gas leasing reforms.
  • 10/02/2006 -- MARKET WATCH
    Oil prices up despite Venezuelan production cut

    The front-month crude contract settled slightly higher Sept. 29 despite Venezuela's announcement that day of plans to trim production. Price levels had been volatile for some time.
  • 09/29/2006 -- ENI may sue PDVSA for $830 million in losses
    Italy's Eni SPA estimates that Venezuela's state-owned Petroleos de Venezuela SA (PDVSA) caused it losses of $830 million in this year's first half, following termination of an agreement under which Eni operated Dación field.
  • 09/29/2006 -- US estimates Iraq lost $16 billion in oil revenues
    Iraq lost an estimated $16 billion of potential oil export revenues from January 2004 to March 2006 because of insurgent attacks, criminal activity, and aging and poorly maintained infrastructure, an audit report by the US special inspector general for Iraq reconstruction said.
  • 09/29/2006 -- Analysts see robust future for oil sands
    The outlook for Canadian oil sands growth continues to improve, although the next 2 years could prove critical as oil companies face the risks of increasing cost overruns and project delays, said Friedman, Billings, Ramsey & Co. Inc.
  • 09/29/2006 -- Sakhalin-2 project faces more authorization woes
    Part of the pipeline built for the Sakhalin-2 project may have been built without proper government authorization, according to Oleg Mitvol, deputy head of the Russian Federal Service for the Regulation of the Use of Natural Resources (Rosprirodnadzor).
  • 09/29/2006 -- MARKET WATCH
    Crude prices fluctuate on OPEC rumors

    The front-month crude contract temporarily touched $64/bbl Sept. 28 on the New York market but closed lower as traders speculated whether the Organization of the Petroleum Exporting Countries would cut production to buoy prices.
  • 09/29/2006 -- DOE hopes for cellulosic ethanol plant by 2012
    The US Department of Energy is evaluating bids for the first commercial cellulosic ethanol production facility in the US, with hopes that the plant will be in operation in 2012.
  • 09/28/2006 -- Bolles to lead Morgan Creek Energy
    Morgan Creek Energy Corp., Dallas, has appointed William W. Bolles chairman and chief executive officer.
  • 09/28/2006 -- Sabic to buy Huntsman's UK base chemical, polymer unit
    Saudi Basic Industries Corp. (Sabic) agreed to acquire Huntsman Petrochemicals (UK) Ltd. for $700 million.
  • 09/28/2006 -- MARKET WATCH
    Crude futures price rises, natural gas falls

    The expiring October natural gas contract approached a 4-year low Sept. 27, but crude prices rebounded to almost $63/bbl as traders shrugged off a bearish report of US oil inventories in expectation that OPEC may soon cut production.
  • 09/28/2006 -- US House panel approves pipeline safety bill
    The US House Energy and Commerce Committee passed a bill Sept. 27 reauthorizing federal oil and gas pipeline safety programs.
  • 09/27/2006 -- Petrom acquires Russian exploration assets
    OMV AG's 51% subsidiary, Romania's Petrom SA, signed an agreement Sept. 25 to acquire a 74.9% stake in Ringoil Holding & Trading Ltd., Cyprus, for an undisclosed sum.
  • 09/27/2006 -- CAPP chair: Don't upset Canada's stable investment climate
    Speaking at the International Pipeline Conference & Exposition in Calgary, Kathy Sendall, Petro-Canada senior vice-president, North American natural gas, and chair of the Canadian Association of Petroleum Producers, implored the Canadian government to not "do anything stupid" regarding terms of investment in projects in the country.
  • 09/27/2006 -- MARKET WATCH
    Oil prices decline slightly as gas inches up

    Petroleum prices retreated slightly, with crude holding just above $61/bbl Sept. 26 as traders concentrated on US inventories instead of speculation that the Organization of Petroleum Exporting Countries may cut production.
  • 09/27/2006 -- Lawmakers urge MMS to aggressively recover royalties
    Two US House Government Reform Committee leaders are demanding that the Department of the Interior develop a new plan to recover an estimated $2 billion of lost royalties from deepwater Gulf of Mexico leases issued in 1998 and 1999.
  • 09/26/2006 -- Tullow Oil to acquire Hardman Resources
    Tullow Oil PLC, London, has agreed to acquire Hardman Resources Ltd., Perth, for about $1.47 billion (Aus.).
Related Articles

BLM seeks comments on QEP’s proposed gas, helium processing project

04/28/2015 The US Bureau of Land Management is seeking public comments on QEP Resources Inc.’s plans to build a natural gas and helium processing plant in the...

CNOOC lets contract for Huizhou refinery expansion

04/27/2015 CNOOC Oil & Petrochemicals Co. Ltd., a subsidiary of China National Offshore Oil Corp. (CNOOC), has let a contract to Praxair Inc., Danbury, Co...

Trost named Dakota Prairie Refining plant manager

04/27/2015 Mary Trost has been named plant manager at Dakota Prairie Refining, Dickinson, ND, a joint venture planning to start up a 20,000 b/d diesel refiner...

Kosmos makes gas find offshore Mauritania

04/27/2015 Kosmos Energy Ltd., Dallas, reported that the Tortue-1 exploration well, drilled on Block C-8 offshore Mauritania, intersected 351 ft of net hydroc...

Colorado joins two other states in lawsuit against BLM’s fracturing regs

04/27/2015 Colorado state officials joined the states of Wyoming and North Dakota in a lawsuit questioning the US Bureau of Land Management’s new rules for hy...

Gazprom Neft advances Omsk refinery modernization projects

04/27/2015 JSC Gazprom Neft has completed installation of major equipment related to the reconstruction and modernization of the primary crude oil distillatio...

Letter to museums betokens nastiness of climate politics

04/27/2015

Activism has usurped science in the politics of climate change to the extent that its unhinged polemic discredits itself.

End of gas flaring at oil production sites urged by 2030

04/27/2015 Supporters of ending routine natural gas flaring met Apr. 17 at headquarters of the World Bank in Washington, DC, to launch the "Zero Routine ...

MARKET WATCH: NYMEX oil prices retreat; Brent sets high for 2015

04/27/2015 Crude oil futures settled moderately lower Apr. 24 on the New York market while Brent crude futures on the London market set a fresh high for the y...
White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
[an error occurred while processing this directive]
Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected