General Interest 2006 P

08/18/2006 -- MARKET WATCH
Energy prices continue to fall
Energy prices continued to tumble Aug. 17 with world markets secure in the knowledge of peace in the Middle East, at least temporarily, and assurances that only half of production from Prudhoe Bay, the biggest US oil field, will be shut down for an indeterminate period while corroded transit lines are repaired.
08/18/2006 -- FTC looks into Plains states' diesel price hike
US Federal Trade Commission monitors of gasoline and diesel fuel prices have detected sudden price increases for diesel during the last 2 weeks in the Mississippi River Valley from Arkansas to Minnesota and westward to the Dakotas.
08/18/2006 -- Petrobras plans $18 billion gas development
Bolivia President Evo Morales's decision May 1 to take control of the country's oil and gas fields has prompted Brazil to seek alternate gas suppliers.
08/17/2006 -- Lyondell to buy out Citgo's stake in Houston refinery
Lyondell Chemical Co. will acquire Citgo Petroleum Corp.'s 41.25% interest in Lyondell-Citgo Refining LP for $2.1 billion, including the refining company's debt.
08/17/2006 -- Domenici calls hearing on BP Prudhoe Bay troubles
US Congress has scheduled a second hearing to discuss BP PLC's pipeline problems on Alaska's North Slope.
08/17/2006 -- MARKET WATCH
Energy prices decline with sagging economy
Energy prices continued to tumble Aug. 16 with the US Commerce Department reporting housing starts at the lowest level in 2 years, an indication that the US economy is slowing.
08/17/2006 -- Total increases ownership stake in Cepsa
Total SA raised its direct ownership stake in Spanish integrated Cepsa Group to 44.5% interest upon reaching agreement with Banco Santander Central Hispano (Santander) in a lengthy ownership dispute (OGJ Online, Oct. 14, 2003).
08/17/2006 -- Cornelius to lead Denbury's operations
Denbury Resources Inc. has appointed Robert Cornelius senior vice-president of operations.
08/17/2006 -- Contested GOM lease sale proves 'best in 9 years'
The Aug. 16 western Gulf of Mexico Lease Sale 200 was "the best in 9 years," said US Minerals Management Service officials, despite a federal judge's warning that pending court action by Louisiana state officials could overturn that sale.
08/17/2006 -- Claims settled in Kentucky, Louisiana oil spills
Mid-Valley Pipeline Co. and Sunoco Pipeline LP (SPLP) agreed to pay $2.57 million total to the federal government and state of Kentucky concerning an oil spill last year.
08/16/2006 -- MARKET WATCH
Crude prices slip as Lebanese peace holds
Crude prices continued to slip Aug. 15 as the ceasefire between Israel and the Hezbollah guerillas held for the second day.
08/16/2006 -- Yardley named El Paso pipeline group president
El Paso Corp. promoted James C. Yardley to executive vice-president of the company and president of its pipeline group. Yardley currently is president of Southern Natural Gas Co.
08/16/2006 -- Oxy to buy properties from Plains E&P for $865 million
Occidental Petroleum Corp. has agreed to buy oil and gas properties, mainly in California and Texas, from Plains Exploration & Production Co., Houston, and certain subsidiaries, for $865 million. The transaction is expected to close by Sept. 30.
08/15/2006 -- ONGC seeks oil interests in Venezuela
ONGC Videsh Ltd. (OVL), the overseas investment subsidiary of India's state-owned Oil & Natural Gas Corp. (ONGC), is approaching Latin American countries such as Venezuela for oil and gas opportunities.
08/15/2006 -- GE Energy to buy KMI retail gas distribution assets
GE Energy Financial Services agreed to buy Kinder Morgan Inc.'s natural gas retail distribution and related operations in Colorado, Nebraska, Wyoming, and Hermosillo, Mexico, for $710 million, plus working capital.
08/15/2006 -- MARKET WATCH
Lebanon ceasefire reduces energy prices
Crude futures prices fell to a 2-week low as a United Nations-sponsored ceasefire in Lebanon went into effect and BP PLC said it could keep half of its Prudhoe Bay oil field in production during the repair of transit pipelines.
08/14/2006 -- Exxel Energy appoints president, CEO
Exxel Energy Corp., Houston, has appointed Clifford V. Adams as the company's president and chief executive.
08/14/2006 -- Venezuela launches Phase 2 of oil reserves project
Venezuela President Hugo Chavez on Aug. 10 launched Phase 2 of the Orinoco Magna Reserva oil exploration project, which the government hopes will greatly increase Venezuela's oil reserves.
08/14/2006 -- CERA study disputes peak-oil arguments
World oil and NGL production capacity could increase by as much as 25% by 2015, with NGLs and extra-heavy oils accounting for much of the capacity growth, said Cambridge Energy Research Associates, Cambridge, Mass.
08/14/2006 -- MARKET WATCH
Energy prices rise slightly in wake of terrorist plot
Energy prices rose slightly Aug. 11 after plummeting during the previous session as airline flights returned to more normal conditions in the wake of a thwarted terrorist plot to bomb several airline flights en route from the UK to the US.

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