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General Interest 2006 P6

  • 11/03/2006 -- Petro-Canada to get stake in Syrian gas fields
    Petro-Canada signed an agreement with a unit of Marathon Oil to buy a 90% interest in Marathon's 25-year production-sharing contract covering Ash Shaer and Cherrife gas fields in central Syria for $54 million (Can.).
  • 11/06/2006 -- Forest Oil forms Alaska subsidiary
    Forest Oil Corp. has transferred the majority of its Alaska business unit to a new subsidiary, Forest Alaska Operating LLC (Alaska), which will hold and operate the parent's oil and gas interests in Cook Inlet.
  • 11/13/2006 -- BHP-led group to buy Anadarko's Genghis Khan project
    A group led by BHP Billiton agreed to buy Anadarko Petroleum Corp.'s Genghis Khan oil and gas development in the deepwater Gulf of Mexico for $1.35 billion, Anadarko reported.
  • 11/22/2006 -- Riata's SandRidge acquires NEG Oil & Gas
    Riata Energy Inc., Oklahoma City, closed its $1.5 billion acquisition of NEG Oil & Gas LLC from American Real Estate Partners, a conglomerate owned by investor Carl Icahn.
  • 11/29/2006 -- Dana Petroleum doubles Cavendish gas field stake
    Dana Petroleum PLC agreed to acquire from Gaz de France a 25% additional interest in Cavendish gas field in the UK North Sea's Southern Gas basin.
  • 11/28/2006 -- ConocoPhillips starts up Alpine satellite
    ConocoPhillips has brought on line a second Alpine satellite oil field, called Nanuq, on Alaska's North Slope.
  • 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.
  • 12/15/2006 -- 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.
  • 12/22/2006 -- TransCanada to buy ANR, other assets from El Paso
    TransCanada Corp. plans to acquire ANR Pipeline Co. and ANR Storage Co. and an additional 3.55% interest in Great Lakes Gas Transmission Ltd. Partnership from El Paso Corp.
  • 12/27/2006 -- WoodMac: GOM key for merging Statoil-Hydro
    The merger of Statoil ASA's and Norsk Hydro ASA's oil and gas businesses will create an upstream player whose most important future international operations will be in the deepwater Gulf of Mexico, Wood Mackenzie analysts said.
  • 12/27/2006 -- Baseline Oil & Gas hires president, COO
    San Antonio independent Baseline Oil & Gas Corp. has hired Thomas Kaetzer as president and chief operating officer.
  • 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.
  • 12/08/2006 -- 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.
  • 12/21/2006 -- BG buys stakes in UK North Sea fields
    BG Group PLC has agreed to acquire ConocoPhillips's equity stakes in Armada and Everest fields in the Central North Sea for $143 million.
  • 12/13/2006 -- 'Microhole' coiled tubing drilling holds promise, DOE says
    A federally funded technology that could change the way oil and gas wells are drilled was successfully demonstrated in the US Midcontinent, the US Department of Energy said.
  • 08/25/2006 -- INGAA to FERC: include MLPs in gas pipeline equity return formula
    An initial US Federal Energy Regulatory Commission decision to authorize a lower return on equity (ROE) from a proposed natural gas pipeline project could jeopardize future investments if it is widely adopted, according to a white paper commissioned by the Interstate Natural Gas Association of America.
  • 08/22/2006 -- MMS sells 8.5 million bbl of RIK oil
    The US Minerals Management Service has sold more than 8.5 million bbl of royalty in-kind (RIK) oil to seven companies as part of an unrestricted sale.
  • 08/29/2006 -- Chad continues to pressure firms to pay taxes
    Chad President Idriss Déby Itno Aug. 29 said his country must have a 60% share in the country's oil production, and that the two foreign oil companies he ordered to leave the country, Chevron Corp. and Petronas, must pay what they owe to the public treasury. His government earlier said the two companies have failed to pay taxes totaling about $450 million (OGJ Online, Aug. 28, 2006).
  • 08/08/2006 -- Prudhoe Bay oil field shutdown prompts varied reactions
    BP Exploration (Alaska) Inc.'s shutdown of Prudhoe Bay oil field because of transit pipeline corrosion has prompted statements of concern from US congressional members, but a pipeline group said the shutdown demonstrates industry's focus on safety.
  • 08/17/2006 -- Cornelius to lead Denbury's operations
    Denbury Resources Inc. has appointed Robert Cornelius senior vice-president of operations.
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