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General Interest 2006 P19

  • 09/26/2006 -- NPRA praises action for DHS regulation of high-risk plants
    The National Petrochemical & Refiners Association praised US House and Senate conferees on Sept. 26 for giving the Department of Homeland Security authority to regulate certain high-risk chemical plants.
  • 09/26/2006 -- MARKET WATCH
    Crude futures price rebounds above $61/bbl

    The front-month crude futures price rebounded above $61/bbl after briefly falling to $59.52/bbl in interday trading Sept. 25 on the New York market, but natural gas continued falling to its lowest price level in 3 years.
  • 09/25/2006 -- MARKET WATCH
    Crude, natural gas prices continue to fall

    Front-month crude futures prices hit a 10-month low on Sept. 22 while natural gas registered its lowest closing in 2½ years as US inventories continued to swell.
  • 09/22/2006 -- Pebercan makes executive appointments
    Pebercan Inc., Montreal, has appointed Christophe Ranger interim chief executive officer. He succeeds Frédéric Boulet, who will pursue other interests, but will continue to serve as the company's director.
  • 09/22/2006 -- EU energy production drop forces higher imports
    While the total amount of energy required to meet the demand of the 25 European Union countries in 2005 remained the same as in 2004 at 1,637 million tonnes of oil equivalent (toe), a 4.5% fall in EU energy production from all sources pushed up its dependence on imports to 56% from 54%, according to Eurostat, the EU's statistical office, in its first 2005 estimates.
  • 09/22/2006 -- Burton suggests possible shape of 1998-99 deepwater royalty terms
    Holders of deepwater Gulf of Mexico leases issued in 1998 and 1999 probably would be required to pay royalties starting with the date they agreed to amended terms, US Minerals Management Service Director Johnnie Burton said.
  • 09/22/2006 -- Nabors, partner seek development projects
    Nabors Industries Ltd., Hamilton, Bermuda, is expanding into worldwide oil and gas development.
  • 09/22/2006 -- Total Refining names senior vice-presidents
    Total Refining & Marketing has named André Tricoire senior vice-president, refining. The company also named Thierry Pflimlin senior vice-president, Asia. Both appointments are effective Oct. 1.
  • 09/22/2006 -- Bolivia issues ultimatum to foreign oil companies
    Bolivia Vice-President Alvaro Garcia Linera, acting as the nation's head while President Evo Morales is traveling abroad, has issued an ultimatum to foreign oil companies operating in Bolivia. He said the companies have until Oct. 28 to agree to new contracts regarding nationalization of the country's oil and gas sector.
  • 09/21/2006 -- EPA's new air standards cut fine particulate limits
    The US Environmental Protection Agency announced new air quality standards on Sept. 21 that would reduce daily allowable fine particulate matter levels by almost 50%.
  • 09/21/2006 -- MARKET WATCH
    Energy prices continue to tumble

    Energy prices continued falling Sept. 20, with crude approaching a $60/bbl floor that members of the Organization of Petroleum Exporting Countries might be willing to defend.
  • 09/20/2006 -- Upstream costs keeping pace with oil prices, study says
    Oil and gas companies' global upstream spending climbed to $277 billion in 2005, up 31% from 2004, said the latest annual review of upstream performance by John S. Herold Inc. and Harrison Lovegrove & Co. Ltd.
  • 09/20/2006 -- Talisman Energy to sell North Sea Brae assets
    Talisman Energy Inc. subsidiary Talisman Energy (UK) Ltd. plans to sell its interests in Brae area fields in the central UK North Sea.
  • 09/20/2006 -- MARKET WATCH
    Crude future price hits 6-month low

    The front-month crude futures price fell to a 6-month low Sept. 19 on the New York market immediately after US President George W. Bush in a speech to the United Nations appeared to back away from trade sanctions against Iran over its uranium enrichment program.
  • 09/20/2006 -- IEA: Global crude to get heavier, sweeter
    The global crude slate will become heavier and slightly sweeter during 2006-11, predicts the International Energy Agency, Paris.
  • 09/20/2006 -- Total acquires stake in Colombia's Niscota Block
    Colombia has awarded Total SA and partners the exploration rights for the 623-sq-km Niscota Block, 180 km northeast of Bogota in the Llanos basin.
  • 09/19/2006 -- Bankers names Christensen exploitation vice-president
    Bankers Petroleum Ltd., Calgary, has added Eugene Christensen to the firm's management team as vice-president, exploitation.
  • 09/19/2006 -- NGSA, INGAA concur on blanket certificate proposals
    US natural gas producers and pipelines have worked out the minor differences between their proposals to improve blanket certificate procedures, the Natural Gas Supply Association and the Interstate Natural Gas Association of America jointly announced Sept. 19.
  • 09/19/2006 -- MARKET WATCH
    Energy prices post slight increase

    Energy prices rebounded Sept. 18 with the front-month crude contract rising in two consecutive trading sessions for the first time this month on the New York market.
  • 09/18/2006 -- Putin: Russia to boost oil exports to Asia-Pacific
    Russian President Vladimir Putin said a much greater percentage of his country's oil exports will be heading to Asia and the Pacific in the next decade as part of a strategy of diversified marketing aimed at creating energy security for producing countries.
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