General Interest 2007 P

10/19/2007 -- Denbury selling Louisiana gas assets
Denbury Resources Inc. agreed to sell its Louisiana natural gas assets for $180 million to a privately owned company, which it did not identify. The sale includes Denbuy's interest in a producing South Chauvin well. If operating income from that well exceeds certain levels, then the company says the divestiture's final sales price could increase by as much as 10%.
10/19/2007 -- NAM to sell Dutch offshore licenses, stake in NOGAT pipeline
Nederlandse Aardolie Maatschappij (NAM), a Dutch exploration and production company jointly owned by Royal Dutch Shell PLC and ExxonMobil Corp., will sell several mature producing offshore licenses on the Dutch continental shelf.
10/18/2007 -- Premier Oil to keep Mauritanian assets
Premier Oil PLC said it will not sell its Mauritanian assets because the offer it received was too low.
10/18/2007 -- MARKET WATCH: Crude contract hits $89/bbl high
The benchmark November crude contract climbed to a record $89/bbl in intraday trading Oct. 17 in New York before closing at $87.40/bbl, down 21¢ for the day.
10/18/2007 -- Canetic may buy Saskatchewan producer
Canetic Resources Trust, Calgary, said it signed a preacquisition agreement under which it will make an offer to acquire Titan Exploration Ltd., Calgary, for $116 million.
10/18/2007 -- Kazakhstan lowers Tengizchevroil environment fine
Kazakhstan's Atyrau regional economic court has reduced by nearly 50% an environmental fine of 74.4 billion tenge levied against the Chevron-led Tengizchevroil (TCO) consortium operating in the country.
10/17/2007 -- Turkmen leader eyes changes in energy administration
Turkmenistan President Gurbanguly Berdimuhammedov is said to be planning changes in the sector's administration. All key officials in the industry are under scrutiny.
10/17/2007 -- MARKET WATCH: Crude price tops $88/bbl in trading session
The front-month crude contract jumped again for the sixth consecutive session Oct. 17, topping $88/bbl for the first time on the New York market on fears of a possible Turkish attack on Kurdish separatists in northern Iraq.
10/17/2007 -- Quest Resource to acquire Pinnacle Gas
Quest Resource Corp. announced plans to acquire Pinnacle Gas Resources Inc. in a stock-for-stock transaction, and the resulting combined company will focus on coalbed methane.
10/17/2007 -- Oil & Gas UK launches UKCS decommissioning options
Trade association Oil & Gas UK (OGUK) has launched a new framework agreement to help operators clarify decommissioning liabilities for infrastructure on the UK continental shelf.
10/17/2007 -- Quest Midstream to buy Kansas gas pipeline system
Quest Midstream Partners LP has agreed to acquire the Kansas Pipeline natural gas system from Enbridge Energy Partners LP for $133 million.
10/17/2007 -- IPAA: House energy bill would hurt small producers
IPAA testified Oct. 17 that certain provisions in HR 3221, energy legislation that was passed earlier this year by the House, would seriously harm operators of marginal oil and gas wells.
10/17/2007 -- White House outlines veto bait in energy package
The White House has notified US House Speaker Nancy Pelosi that President Bush would veto any energy bill that reduced instead of increased domestic production, among other things.
10/16/2007 -- MARKET WATCH: Crude futures price pushes past $86/bbl
The front-month crude futures contract continued climbing to new heights Oct. 15, pushing past $86/bbl in New York, although most analysts see too few potential changes in market fundamentals to support a continued rally.
10/16/2007 -- Petrohawk to sell Gulf Coast division
A privately owned company agreed to buy Petrohawk Energy Corp.'s Gulf Coast division, including Lions gas field in Goliad County, Tex., for $825 million.
10/16/2007 -- BP CEO lays out new corporate structure
BP will undergo a major corporate restructuring to reduce high overhead costs and improve its performance to match its rivals within the next 2-3 years, the company's CEO Tony Hayward has pledged.
10/16/2007 -- Lawmakers seek data on Hunt's Iraq oil contract
The chairmen of a US House committee and one of its subcommittees are seeking more information about a recent oil exploration contract that Hunt Oil Co. signed with the Kurdistan regional government in Iraq.
10/15/2007 -- Gaz de France invests in Erelia wind power
Gaz de France, in line with its sustainable development policy, said it will acquire a 95% stake in Erelia, a developer and operator of wind farms in France.
10/15/2007 -- Oliver named Suez Global LNG CEO, president
Philip Olivier, who has served as Suez Global LNG's executive vice-president of business development, has been appointed chief executive officer and president of Suez Global LNG.
10/15/2007 -- MARKET WATCH: Crude price tops $84/bbl for first time
The front-month crude contract climbed above $84/bbl for the first time ever in intraday trading Oct. 12 on the New York market amid another escalation of political tension in the Middle East.

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