General Interest 2006 P

11/21/2006 -- Antrim secures drilling rig for UK North Sea
Antrim Energy Inc., Calgary, has secured a semisubmersible rig to drill three Causeway appraisal-development wells next year on UK North Sea Block 211/22a.
11/21/2006 -- JED Oil acquisition of JMG Exploration cancelled
JED Oil Inc., Calgary, said JMG Exploration Inc., an affiliate incorporated in Nevada, has decided to abandon plans in which JED would have acquired JMG.
11/21/2006 -- MARKET WATCH
Crude prices continue to slip
Crude prices continued to slip Nov. 20 amid skepticism over the Organization of Petroleum Exporting Countries' agreement to cut production by 1.2 million b/d this month.
11/20/2006 -- Republican group opposes broad OCS bill
If an Outer Continental Shelf leasing reform bill comes before the full House during the lame-duck session, it should be S. 3711 and not the broader HR 4761, 18 House Republicans told Majority Leader John Boehner (R-Ohio).
11/20/2006 -- MARKET WATCH
Crude hits 17-month low on New York market
The December contract for benchmark US crudes expired Nov. 17 at the lowest closing price in 17 months on the New York market amid calls from some members of the Organization of Petroleum Exporting Countries for another production cut at their December meeting.
11/20/2006 -- Isramco to acquire Texas, New Mexico properties
Isramco Inc., Houston, agreed to buy certain oil and gas properties in Texas and New Mexico from Five States Energy Co. LLC, Dallas, for $100 million. Closing is scheduled for Jan. 20, 2007.
11/20/2006 -- Gazprom gets 51% of new JV with Lukoil
OAO Lukoil Holdings ceded control of a joint venture for new projects to state-controlled OAO Gazprom's oil subsidiary, Gazprom Neft.
11/20/2006 -- Nigerian militants leave oil-pumping station
Militants in Nigeria have abandoned an oil-pumping station operated by Nigeria Agip Oil Co. (NAOC) after a 2-week siege, freeing nine contract workers and some 20 government soldiers.
11/17/2006 -- Kazakhstan opposing CITIC-Nations Energy deal
Kazakhstan's oil minister Baktykozha Izmukhambetov said his country will block efforts by CITIC Group of China to purchase the assets of Nations Energy Co., Calgary, including Karazhanbas field (OGJ Online, Oct. 26, 2006).
11/17/2006 -- Serica, BG exchange interests in North Sea acreage
Serica Energy PLC and BG Group PLC subsidiary BG International Ltd. has agreed to exchange interests in adjacent exploration licenses in the UK Central North Sea.
11/17/2006 -- Crosstex Energy names Pergason Exec. VP, COO
Crosstex Energy LP, Dallas, has appointed Robert S. Purgason executive vice-president and chief operating officer, a new position.
11/17/2006 -- FERC grants first market-based gas storage rates request
The Federal Energy Regulatory Commission on Nov. 16 granted an interstate natural gas storage operator market-based rates for the first time.
11/17/2006 -- Petro-Canada to divest oil sands properties
Petro-Canada plans to divest its interests in five in situ oil sands properties in Alberta so it can focus on other oil sands properties.
11/17/2006 -- Prompt passage of pipeline safety bill urged
New federal pipeline safety legislation is overdue and should be passed before the end of the year, witnesses and lawmakers agreed at a Nov. 16 hearing before the Senate Commerce, Science, and Transportation Committee.
11/17/2006 -- MARKET WATCH
Crude futures price hits new low for year
The December contract for benchmark US light, sweet crudes plunged by $2.50 to $56.26/bbl Nov. 16 in New York.
11/17/2006 -- EPA issues subsoil tank containment grant rules
The US Environmental Protection Agency has issued the final secondary containment grant guidelines for states.
11/16/2006 -- JED Oil reports new president, other changes
James Rundell has been appointed president of JED Oil Inc., succeeding Al Williams, who resigned along with Chief Financial Officer David Ho in what the company calls a comprehensive change to its business plan.
11/16/2006 -- CERA study challenges 'peak oil' theory
The "peak oil" theory, stipulating that world oil production will soon peak and sharply decline, is flawed, according to an analysis by Cambridge Energy Research Associates (CERA).
11/16/2006 -- Senate Democrats signal climate-change push
Three incoming Senate committee chairmen have asked President George W. Bush to commit to working with the new Congress in passing aggressive climate change legislation in 2007.
11/16/2006 -- MARKET WATCH
Energy prices rebound with bullish inventory report
Energy prices rebounded Nov. 15 on the bullish combination of reduced US inventories of petroleum products and forecasts of normal to below-normal autumn temperatures across most of the nation.

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General Interest 2006 P