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General Interest 2006 P

  • 12/14/2006 -- CFTC expected to bring action against BP in futures probe
    BP PLC expects the US Commodity Futures Trading Commission staff to recommend that a civil enforcement action be brought against the company over alleged violations of federal commodity exchange regulations.
  • 12/13/2006 -- MARKET WATCH
    Energy prices continue slide on warm weather news
    Energy prices continued to slip Dec. 12 because of warm weather and market uncertainties about what ministers of the Organization of Petroleum Exporting Countries will do at their Dec. 14 meeting in Nigeria.
  • 12/13/2006 -- EXCO Resources to sell Colorado properties
    EXCO Resources Inc. reported it plans to sell its producing properties and undeveloped drilling sites in Colorado's Wattenberg field for $132.5 million.
  • 12/13/2006 -- Kazakhstan to decide on Nations' mineral rights by yearend
    Kazakhstan's Energy and Natural Resource Minister Baktykozha Izmukhambetov said the Kazakh government will decide by Dec. 30 whether to seek oil and natural gas rights in that country now held by Canada's Nations Energy Co.
  • 12/12/2006 -- Exploration Co. names new chairman
    Exploration Co., San Antonio, has elected James E. Sigmon as chairman to succeed Stephen M. Gose Jr., retired after more than 20 years of service.
  • 12/12/2006 -- Lehman Bros.: E&P spending to see slower growth
    After "extremely strong growths" of 20% in 2005 and 30% in 2006, global exploration and production spending is expected to rise at a slower rate of 9% to $300 billion in 2007, with more emphasis on international rather than US projects, said analysts at Lehman Bros. Inc., New York.
  • 12/12/2006 -- Gazprom may buy half of Shell's Sakhalin-2 stake
    Royal Dutch Shell PLC, under stepped-up pressure from the Russian government, is close to making a deal that would allow Russia's OAO Gazprom a stake in the Sakhalin-2 oil and natural gas project.
  • 12/12/2006 -- MARKET WATCH
    Warm winter melts energy prices
    Energy prices continued to decline Dec. 11, with natural gas for January closing at the lowest level in 6 weeks because of mild weather in the US.
  • 12/11/2006 -- Senate's OCS bill clears Congress, heads to White House
    Working through the night, the US Senate approved a legislative package including its OCS leasing reform bill early Dec. 9 and sent it to the White House for President George W. Bush's signature.
  • 12/11/2006 -- MARKET WATCH
    Warmer weather outlook undermines energy prices
    The January crude futures price dropped Dec. 8 in the New York market, wiping out gains from the previous session, on forecasts of mild weather for the coming week.
  • 12/11/2006 -- Santos to sell US oil and gas assets
    Santos Ltd. reported plans to sell its US oil and gas assets as part of a decision to refocus exploration efforts on Australia, Asia, and the Middle East.
  • 12/11/2006 -- Kazakhstan voices plans to block CITIC-Nations deal
    Kazakhstan is reportedly planning to block an upcoming deal by Chinese state-owned Citic Group to take over Karazhanbas oil field in the western Kyzylorda region, currently owned by Nations Energy Co. of Calgary.
  • 12/08/2006 -- Total finalizes Qatargas, South Hook LNG acquisitions
    Total SA has finalized its acquisition of equity interests in two LNG projects—a 16.7% interest in the second liquefaction train of Qatargas II in Qatar and an 8.35% stake in the UK South Hook import terminal.
  • 12/08/2006 -- US House passes Senate OCS leasing measure in broader bill
    The US House approved the Senate's Outer Continental Shelf leasing legislation on Dec. 8 as part of a larger bill.
  • 12/08/2006 -- US Senate follows House, approves pipeline safety bill
    The US Senate passed an amended pipeline safety bill by voice vote on Dec. 7, following House passage of the measure 2 days ago on a similarly expedited basis.
  • 12/08/2006 -- MARKET WATCH
    Crude price increases on OPEC speculation
    The front-month crude futures contract price rose for the first time this week in the New York market after tanker-tracer Oil Movements said Dec. 7 that OPEC apparently has reduced oil production by 800,000 b/d.
  • 12/08/2006 -- Iranian, Russian project woes hinder Japanese strategy
    Troubled projects in Iran and Russia have set back the Japanese government's newly aggressive effort to secure international oil and gas supplies, reports Tomoko Hosoe of FACTS Inc., Honolulu.
  • 12/08/2006 -- MMS bills BP for disputed royalties, defends system
    A BP America Inc. subsidiary has been billed more than $32 million for underpayment of royalties, the US Minerals Management Service announced on Dec. 7.
  • 12/07/2006 -- Report faults MMS royalty system; lawmakers urge change
    The US Minerals Management Service has come under new criticism for its management of royalties paid on oil and gas produced under federal offshore leases.
  • 12/07/2006 -- MARKET WATCH
    Crude oil prices slip lower
    Energy prices slipped lower Dec. 6, despite a bullish report on draws from US petroleum inventories, with markets still uncertain over pending production cuts by the Organization of Petroleum Exporting Countries, which is scheduled to meet Dec. 14 in Nigeria.
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