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General Interest 2006 P3

  • 05/18/2006 -- Chevron approves deepwater gulf oil pipeline
    Chevron USA Inc. has approved the construction of a 55-mile deepwater oil pipeline for its Tahiti project in the Gulf of Mexico.
  • 05/31/2006 -- Relief signs seen in US summer gas market
    Record underground storage at the start of the US cooling season and prospects for milder, but still above-average, temperatures could give natural gas consumers relief in 2006 after four summers of rising costs, the Natural Gas Supply Association says.
  • 05/24/2006 -- Hostility prompts IPAA to urge Congress: 'Do no harm'
    The political mood has grown so hostile that producers are spending most of their time fighting punitive legislative proposals, IPAA officials say.
  • 05/09/2006 -- OTC: Weather experts see 'new era' of hurricane activity in GOM
    The US portion of the Gulf of Mexico is in a "new era" of increased hurricane activity that likely will continue "for at least another 15-20 years," said the lead hurricane forecaster for ImpactWeather Inc. at the annual Offshore Technology Conference in Houston.
  • 05/03/2006 -- OTC: Industry needs experienced workers, more investors
    The oil and gas industry must better inform the public about the challenges it faces in providing adequate, affordable energy, an exploration-production executive said at OTC.
  • 05/02/2006 -- Bolivia nationalizes oil and gas industry
    Bolivian President Evo Morales decreed the nationalization of gas and oil industries on May 1.
  • 05/12/2006 -- APPEA: Costs compound industry challenges in Australia
    The Australian petroleum industry must overcome a number of challenges if it is to prosper and arrest its country's rapid decline in oil production over the next few years, the new head of the Australian Petroleum Production and Exploration Association told the group's annual conference.
  • 05/18/2006 -- Limited market access still constrains oil prices in Rockies
    The US House Energy and Commerce Committee's May 11 hearing ostensibly was about gasoline supplies, prices, and formulations. But Rep. Mary Bono (R-Calif.) directed her inquiry further upstream.
  • 05/19/2006 -- Noble to sell Gulf of Mexico shelf assets
    Noble Energy Inc., Houston, has agreed to sell essentially all of its Gulf of Mexico shelf assets to Coldren Resources LP for $625 million.
  • 05/16/2006 -- Lukoil to buy Marathon's Siberian assets
    OAO Lukoil subsidiary Lukoil Western Siberia has agreed to buy Marathon Oil Corp.'s exploration and production business in Siberia for $787 million and plans to boost production from the nine oil fields involved.
  • 05/30/2006 -- Kinder Morgan board studies buy-out offer
    Kinder Morgan Inc. (KMI) senior managers and investors have proposed buying the company and taking it private in a transaction that values the firm at $13.4 billion.
  • 05/25/2006 -- Plains Pipeline to buy Gulf Coast oil lines
    A unit of Plains All American Pipeline LP agreed to acquire interests in three Gulf Coast crude oil pipeline systems from BP Oil Pipeline Co. for $133.5 million. The total pipeline mileage is 320 miles.
  • 06/15/2006 -- Kinder Morgan to expand Texas gas storage
    Kinder Morgan Energy Partners LP plans to add 5.5 bcf of incremental working storage capacity at its Dayton, Tex., natural gas facility with construction of a third storage cavern.
  • 06/28/2006 -- FERC approves El Paso's Cypress gas line
    The US Federal Energy Regulatory Commission has approved the 176-mile Cypress natural gas pipeline expansion in Georgia and Florida planned by Southern Natural Gas Co. (SNG), a unit of El Paso Corp., Houston.
  • 06/08/2006 -- WGC: Reversing gas misperceptions a must
    Perceptions of natural gas and their effects formed the core of two keynote speeches on the second day of the World Gas Conference in Amsterdam.
  • 06/22/2006 -- Contract sanctity cited in House royalty hearing
    Contract sanctity surfaced as an issue as representatives of three major oil companies and a large independent producer testified about price thresholds and deepwater royalty relief before a US House subcommittee on June 21.
  • 06/28/2006 -- DOI sees progress in Rockies permitting effort
    Substantial progress is being made in improving oil and gas well permitting in the Rocky Mountains under a pilot program, two officials from the Department of the Interior told the US Senate Energy and Natural Resources Committee on June 27.
  • 06/26/2006 -- Iraq establishes buyers for Kirkuk crude
    Iraq has sold 4 million bbl of Kirkuk crude to ExxonMobil Corp. and Turkish oil refiner Tupras from a tender for 6 million bbl.
  • 06/13/2006 -- Halsey appointed to Transmeridian positions
    Transmeridian Exploration Inc., Houston, which focuses on Kazakhstan, has appointed Alan W. Halsey vice-president and chief operating officer.
  • 06/06/2006 -- Chesapeake acquires Barnett shale assets
    Chesapeake Energy Corp., Oklahoma City, has agreed to acquire Barnett shale assets totaling 67,000 acres containing 1.5 tcf of proved and unproved reserves and 30 MMcfd of natural gas production for $932 million. The transactions are expected to close July 31.
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