General Interest 2006 P

09/06/2006 -- US lawmakers: gulf oil find shows need for legislation
Congressional energy leaders said that the massive oil discovery reported in the deepwater Gulf of Mexico on Sept. 5 demonstrates the need to open more of the region to oil and gas leasing and development (OGJ Online, Sept. 5, 2006).
09/05/2006 -- CGG and Veritas to merge
Seismic services companies Compagnie Générale de Géophysique (CGG) and Veritas DGC Inc. entered into a definitive merger agreement in which CGG plans to acquire Veritas in a cash-stock transaction worth $3.1 billion.
09/05/2006 -- Woodside subsidiary bids for Energy Partners
Woodside Petroleum Ltd.'s wholly-owned subsidiary, ATS Inc., began its $880 million tender offer in a takeover bid for Energy Partners Ltd. (EPL) of New Orleans, which planned to merge with Stone Energy Corp., Lafayette, La.
09/05/2006 -- Index names Williams exec. vice-president
Index Oil & Gas Inc., Houston, has appointed John G. Williams executive vice-president, exploration and production. He will be based in Houston.
09/05/2006 -- MARKET WATCH
Crude futures price dips below $70/bbl
Energy prices fell Sept. 1 ahead of the 3-day weekend Labor Day holiday, which marked the end of the US driving season.
09/01/2006 -- DOT proposes extending low-pressure oil pipeline rules
The US Department of Transportation proposes to stiffen safety requirements, including cleaning and continuous monitoring, for more than 1,200 miles of crude oil and product pipelines.
09/01/2006 -- MARKET WATCH
Crude futures prices continue to climb
Crude futures prices continued to inch up Aug. 31 as Iran defied the United Nations' deadline to stop uranium enrichment.
08/31/2006 -- MARKET WATCH
Nigerian strikes nudge up crude prices
The front-month crude futures contract inched above $70/bbl Aug. 30 in the New York market as oil workers' unions in Nigeria voted to strike in September.
08/31/2006 -- MMS sets lease-sale analysis framework
The Minerals Management Service has identified areas and mitigation measures it will consider in environmental analyses covering proposed oil and gas lease sales in the Gulf of Mexico.
08/30/2006 -- Western Refining to buy Giant Industries
Western Refining Inc. plans to acquire Giant Industries Inc., Scottsdale, Ariz., for $1.5 billion, including $275 million in debt.
08/30/2006 -- MARKET WATCH
Crude futures price falls below $70/bbl
Crude futures prices fell below $70/bbl Aug. 29 to the lowest close for a front-month contract in more than 2 months on the New York market as Tropical Storm Ernesto veered toward Florida and away from the bulk of oil and gas production facilities in the Gulf of Mexico.
08/29/2006 -- Phoenix Exploration to buy Cabot Oil & Gas assets
Phoenix Exploration Co. LP agreed to buy Cabot Oil & Gas Corp.'s offshore assets and its south Louisiana properties for $340 million. Both companies are based in Houston.
08/29/2006 -- MARKET WATCH
Energy prices fall as storm veers toward Florida
Energy prices tumbled Aug. 28 to the lowest levels in many weeks as Tropical Storm Ernesto veered toward Florida after briefly reaching hurricane strength over the weekend.
08/29/2006 -- Chad continues to pressure firms to pay taxes
Chad President Idriss Déby Itno Aug. 29 said his country must have a 60% share in the country's oil production, and that the two foreign oil companies he ordered to leave the country, Chevron Corp. and Petronas, must pay what they owe to the public treasury. His government earlier said the two companies have failed to pay taxes totaling about $450 million (OGJ Online, Aug. 28, 2006).
08/29/2006 -- BP to answer to refinery fire lawsuit, CFTC questions
A Texas state district court ordered BP PLC's Chief Executive Officer John Browne to give a deposition regarding the Mar. 23, 2005, explosion and fire at the company's 446,500 b/cd Texas City, Tex., refinery that killed 15 people and injured 170 others.
08/28/2006 -- MARKET WATCH
Energy prices inch higher
Energy prices inched slightly higher Aug. 25 as the United Nations dispute with Iran dragged on and Tropical Storm Ernesto continued to threatened the Caribbean.
08/28/2006 -- NAM: Higher energy costs have cut US workers' wages
US workers' real hourly wages have fallen because energy prices overall have climbed 80% since the end of the 2001 recession, said the National Association of Manufacturers in its 2006 Labor Day report on Aug. 28.
08/28/2006 -- Harvest Energy Trust to buy Newfoundland refinery
Harvest Energy Trust, Calgary, plans to acquire the 105,000 b/cd North Atlantic Refining Ltd. refinery and related businesses from Vitol Refining Group BV for $1.6 billion (Can.).
08/28/2006 -- Kinder Morgan managers increase buyout offer
Kinder Morgan Inc. (KMI) senior managers and investors have offered $22 billion total to buy the pipeline company and take it private, saying they will pay $107.50/share compared with an earlier offer of $100/share.
08/28/2006 -- Chevron, Petronas ordered to pay tax or leave Chad
Chad President Idriss Déby has accused Chevron Corp. and Malaysia's state-owned Petronas of failing to pay taxes and ordered the companies to leave the country.

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