General Interest 2006 P

11/09/2006 -- Newfield appoints Jasek GOM VP, general manager
Newfield Exploration Co. has added to the role of its general manager of the Gulf of Mexico, John H. Jasek, promoting him to vice-president and general manager, Gulf of Mexico.
11/08/2006 -- MARKET WATCH
Crude prices fall in uncertain markets
Crude prices fell Nov. 7, wiping out gains from the previous market session, with traders again unsure whether the Organization of Petroleum Exporting Countries will cut production as promised.
11/08/2006 -- UKOOA: Skills shortage worries UK oil industry
An acute lack of skilled engineers and technologists is threatening the development of the UK Continental Shelf (UKCS), speakers warned Nov. 7 at the UK Offshore Operators' Association (UKOOA) industry conference in Aberdeen.
11/08/2006 -- California votes down state oil production tax
California voters rejected a state ballot measure that would have taxed state oil production at rates depending on the price of crude and used the revenue to finance development of alternative energy.
11/08/2006 -- Voters reject Alaska gas reserves tax proposal
Alaska voters overwhelmingly rejected Ballot Measure 2, a proposal to tax North Slope natural gas reserves until an Alaska gas pipeline is built to deliver gas to the Lower 48.
11/07/2006 -- Swift to acquire bigger stake in Lake Washington field
Swift Energy Co. agreed to pay $20.4 million for wells and acreage in Lake Washington field in Plaquemines Parish, La. The seller's identity was not disclosed.
11/07/2006 -- Nigeria, South Korea ponder rail-for-oil trade
South Korean Commerce, Industry, and Energy Minister Chung Sye-kyun and Nigerian Oil Minister Edmund Daukoru signed a memorandum of understanding Nov. 6 that envisions upgrading the African country's rail system in exchange for oil interests.
11/07/2006 -- UKOOA urges tax change to boost production
The UK government must change the fiscal regime to ensure production of the 27 billion bbl of oil and gas equivalent that might be recoverable from the UKCS, Malcolm Webb, chief executive of UKOOA, said Nov. 7.
11/07/2006 -- MARKET WATCH
NYMEX crude oil price climbs over $60/bbl
Crude oil futures prices settled above $60/bbl Nov. 6 on the New York market after Saudi Arabia Oil Minister Ali al-Naimi mentioned the possibility of additional production quota cuts by the Organization of Petroleum Exporting Countries.
11/07/2006 -- ConocoPhillips makes senior management changes
ConocoPhillips has made changes to its exploration and production senior management team, all effective Dec. 1.
11/06/2006 -- Chavez again threatens to stop oil exports to US
Venezuelan President Hugo Chavez again has threatened to cut oil sales to the US if it does not recognize the results of Venezuela's December presidential election or if irregularities mar the vote, or state oil company Petroleos de Venezuela SA (PDVSA) faces "destabilizing" actions.
11/06/2006 -- Militant attack shuts Nigerian pumping station
Agip's Tebidaba oil pumping station in Nigeria's southern Bayelsa state has been overrun and shut down following an attack on Nov. 6 by armed militants, according to company and government officials.
11/06/2006 -- Madagascar Oil appoints new chief operating officer
Madagascar Oil Ltd. (MOL) has appointed George B. Nilsen chief operating officer.
11/06/2006 -- MARKET WATCH
Threats to oil facilities push up energy prices
Energy prices rose Nov. 3 with threats against oil facilities in Indiana and Nigeria.
11/06/2006 -- KNOC to acquire stake in Kazakh oil field
State-owned Korea National Oil Corp. is to acquire half of LG International Corp.'s (LGI) 50% stake in Egizkara oil field in Kazakstan near the Caspian Sea.
11/06/2006 -- Statoil to acquire GOM assets from Anadarko
Statoil ASA agreed to pay $901 million to acquire two of Anadarko Petroleum Corp.'s Gulf of Mexico oil discoveries and one prospect. Closing, subject to regulatory approvals, is expected during first quarter 2007.
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.
11/03/2006 -- DOJ, SEC probe Bonny Island partners for violations
The US DOJ and the SEC are formally investigating whether a JV in which Halliburton Co. has a 25% interest played a role in alleged bribes of Nigerian government officials.
11/03/2006 -- MARKET WATCH
Oil price continues falling while gas price climbs
The front-month crude futures price hit a 2-week low Nov. 2 on the New York market amid uncertainties about production cuts by the Organization of Petroleum Exporting Countries, but natural gas futures prices continued to climb.
11/03/2006 -- Indonesia to reassign Natuna gas block
Indonesia's Energy and Mineral Resources Minister Purnomo Yusgiantoro said a Cabinet session will be required to decide what to do with the giant Natuna gas block project.

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