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General Interest 2006 P2

  • 02/08/2006 -- Swift names Duncan vice-president, exploration
    Swift Energy Co., Houston, has appointed Ed Duncan as vice-president, exploration.
  • 02/13/2006 -- Luquette to head Chevron North America E&P
    Gary P. Luquette has been promoted to president of Chevron North America Exploration & Production Co., effective Apr. 1.
  • 02/24/2006 -- Oxy adds 380 million boe to reserves in 2005
    Occidental Petroleum Corp. reported additions to proved reserve from all sources of 380 million boe in 2005, when production totaled 199 million boe.
  • 02/24/2006 -- ConocoPhillips increases reserves estimate
    ConocoPhillips reported preliminary net additions to proved oil and gas reserves of 1.553 billion boe for 2005, bringing total reserves to 9.4 billion boe.
  • 02/03/2006 -- Marathon announces $3.4 billion budget
    Marathon Oil Corp. approved a $3.4 billion budget for 2006, a 13% increase over the company's actual 2005 spending of $3 billion.
  • 02/08/2006 -- Linn Energy acquires Appalachian properties
    Linn Energy LLC, Pittsburgh, which floated a $223 million public offering in January 2006, paid $12.7 million for three acquisitions of further working interests in wells the company operates in Pennsylvania and West Virginia.
  • 02/15/2006 -- Stone Energy sets $360 million capital budget
    Stone Energy Corp., Lafayette, La., has budgeted $360 million for capital expenditures in 2006, compared with 2005 spending of $380 million.
  • 04/13/2006 -- Nazarbayev: CPC line capacity to be doubled
    Kazakh President Nursultan Nazarbayev said his country and Russia will increase capacity of the Caspian Pipeline Consortium (CPC) pipeline from 28 million tonnes/year of crude oil to 67 million tonnes/year.
  • 04/26/2006 -- Official says both arctic gas pipelines are needed
    Construction of both the Alaska natural gas pipeline and the Mackenzie River Delta pipeline are needed to help meet escalating gas demand, the Northwest Territories minister of industry, tourism, and investment told the Ziff Energy Group gas strategies conference.
  • 04/20/2006 -- Apache to buy BP Gulf of Mexico shelf assets
    Apache Corp. plans to pay $1.3 billion to acquire BP PLC's interests in 18 oil and gas fields in shallow waters of the Gulf of Mexico. BP operates 11 of the fields.
  • 04/27/2006 -- Ecuador to assess higher oil tax in May
    Ecuador plans to start collecting a revised "extraordinary profits" oil tax May 1, Minister of Economy Diego Borja Cornejo told Dow Jones Newswires in Quito.
  • 04/04/2006 -- Venoco makes senior management appointments
    Venoco Inc., Denver, named Kevin Morrato vice-president of Sacramento basin operations.
  • 04/05/2006 -- Teton names Schultz vice-president, production
    Teton Energy Corp., Denver, appointed Andrew M. Schultz vice-president, production.
  • 04/28/2006 -- Yeager named BHP Billiton president, energy
    J. Michael Yeager has been appointed BHP Billiton Ltd.'s group president, energy.
  • 04/24/2006 -- Plains Exploration to buy Stone Energy
    Plains Exploration & Production Co. plans to acquire Stone Energy Corp., Lafayette, La., in a transaction worth $1.46 billion.
  • 04/19/2006 -- KMP buys terminals, storage for ethanol
    Kinder Morgan Energy Partners LP has acquired two rail terminals and a dry-bulk storage and loading operation from US Development (USD) and A&L Trucking LP in separate transactions totaling $63 million.
  • 04/13/2006 -- Chevron to buy 5% stake in Indian refiner
    Chevron Corp. plans to invest $300 million for a 5% interest in Reliance Petroleum Ltd. (RPL), a Reliance Industries Ltd. subsidiary formed to own and operate a refinery under construction in Jamnagar, India.
  • 04/18/2006 -- Sonoco to buy New York oil terminal
    Sunoco Logistics Partners LP has signed an agreement with Mobil Pipe Line Co., an affiliate of ExxonMobil Corp., to buy a 50% interest in a products terminal in Syracuse, NY.
  • 04/28/2006 -- Resolute, Navajos buy ExxonMobil Aneth stake
    A Denver independent operator and a Navajo nation entity have closed the purchase of ExxonMobil Corp.'s assets in giant Greater Aneth field in southeastern Utah's Paradox basin.
  • 05/12/2006 -- Alaska pipeline contract would freeze oil, gas taxes
    Alaska would implement no tax changes for the three North Slope oil producers for up to 45 years under a draft contract outlining terms for a proposed $20 billion pipeline to carry natural gas to the Lower 48.
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