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General Interest 2006 P
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12/20/2006 -- MARKET WATCH
Speculation on US stocks boosts energy prices
Energy prices rose Dec. 19, regaining some of the losses from the previous trading session, in expectation of reports that US crude inventories were down for the fourth consecutive week. -
12/20/2006 -- New Zealand to meet IEA inventory target
New Zealand Energy Minister David Parker announced that, effective Jan. 1, 2007, New Zealand would meet its International Energy Agency (IEA) obligation to hold oil stocks representing 90 days of net oil imports. -
12/20/2006 -- EPA issues final SPCC rule, compliance exemptions
The US Environmental Protection Agency has issued a final rule on oil spill prevention, control, and countermeasures (SPCC) that will provide compliance alternatives for some facilities. -
12/19/2006 -- MARKET WATCH
Energy prices fall as US weather warms
Energy prices fell Dec. 18 as traders put more faith in forecasts of warm weather in the US than in the promise of the Organization of Petroleum Exporting Countries to cut crude production. -
12/18/2006 -- Lukoil to buy ConocoPhillips's European outlets
OAO Lukoil agreed to buy 376 retail outlets in six European countries from ConocoPhillips. The price was not disclosed. -
12/18/2006 -- Statoil, Hydro to merge in $30 billion deal
The boards of Norway's Statoil ASA and Norsk Hydro ASA have agreed to merge their oil and gas operations in a deal valued at about $30 billion, creating the world's largest offshore operator. -
12/18/2006 -- Countries sign agreement to boost energy efficiency
The US, China, India, Japan, and South Korea agreed on Dec. 15 to work together to boost energy efficiency, to diversify their sources of energy, and to guard against emergencies in the face of rising oil prices. -
12/18/2006 -- MARKET WATCH
Crude prices top $63/bbl in New York, London
Crude futures prices rose above $63/bbl on Dec. 15, ending a week of renewed concerns about oil supply prompted by the Organization of Petroleum Exporting Countries' decision to trim production. -
12/15/2006 -- Gastech: LNG development driving changes in gas markets
Driven by the rapid development of LNG, gas markets are being transformed from regional into global markets and have been undergoing other major changes, said Total SA Executive Vice-Pres. Yves-Louis Darricarrere at the 2006 Gastech Conference in Abu Dhabi. -
12/15/2006 -- New group looks to develop energy policy recommendations
Energy consumers and producers, including six oil and gas trade associations, have formed what former US Sen. John Breaux (D-La.) termed "a coalition of coalitions" to develop national energy policy recommendations. -
12/15/2006 -- MARKET WATCH
OPEC production cut agreement boosts oil prices
Crude futures prices rose to their highest closing in 2 weeks in the New York market Dec. 14 as the Organization of the Petroleum Exporting Countries agreed to another production cut, down 500,000 b/d to 25.8 million b/d this time, effective Feb. 1. -
12/15/2006 -- Sonoran names Smith president, CFO
Sonoran Energy Inc., Dallas, has appointed Frank Smith president and chief financial officer. -
12/15/2006 -- Edwards named chairman, Deer Lake Oil & Gas
Deer Lake Oil & Gas Inc., St. John's, Newf., has appointed James M. Edwards chairman. -
12/15/2006 -- Producers agree to pay royalties on 1998-99 deepwater leases
Five Gulf of Mexico producers agreed to pay royalties on their 1998 and 1999 deepwater leases that were originally issued without price thresholds, the US Department of Interior announced on Dec. 14. -
12/15/2006 -- Total to cut gas flaring in half by 2012
Total SA plans to cut its gas flaring by 50% at its operated facilities by 2012 because it wants to help reduce climate change and promote energy efficiency and sustainability. -
12/14/2006 -- Linn Energy plans three oil, gas acquisitions
Linn Energy LLC has agreed to acquire a private oil and gas company in the Texas Panhandle for $415 million and two Appalachian basin properties for $39 million in three separate transactions. -
12/14/2006 -- WoodMac: $42 billion will be needed for N. Sea decommissioning
Companies operating in the North Sea are expected to spend $42 billion on decommissioning infrastructure, Edinburgh-based consultancy Wood Mackenzie Ltd. said Dec. 14 in a new report. -
12/14/2006 -- MARKET WATCH
Energy prices rise ahead of OPEC production cut
Energy prices climbed Dec. 13 in the New York market in reaction to drops in US petroleum liquids inventories and in anticipation that OPEC members would agree to another production cut. -
12/14/2006 -- Edge to acquire Anadarko's stake in Texas property
Edge Petroleum Corp., Houston, agreed to acquire Anadarko Petroleum Corp.'s stake in Chapman Ranch field oil and gas properties in Nueces County, Tex., for $26 million. -
12/14/2006 -- FACTS forecasts two gas-price convergence trends
Natural gas prices are converging upward, both in conjunction with rising oil prices and across global gas markets, according to a study of gas trends by FACTS Inc, Honolulu.
