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General Interest 2007 P11

  • 11/21/2007 -- EC okays KazMunaiGaz purchase of Rompetrol
    The European Commission has approved the acquisition of Romanian refiner and product distributor Rompetrol Group by KazMunaiGaz PKOP Investment NV.
  • 11/20/2007 -- Reliance-Kurdish Region deals run into trouble
    India's Reliance Industries Ltd. (RIL) may find the going tough in acquiring future oil blocks in Iraq, according to Iraqi Oil Minister Hussain Al-Shahristani.
  • 11/20/2007 -- Canadian Imperial names Smart exploration manager
    Canadian Imperial Venture Corp., St. John's, Newf., has named Warren Smart exploration manager.`
  • 11/20/2007 -- BP plans company-wide review of operating procedures
    BP PLC, as part of its response to a series of accidents, plans next year to review the quality and safety of its operating procedures company-wide.
  • 11/20/2007 -- Greece-Turkey gas pipeline link inaugurated
    Greece and Turkey took a step in linking Caspian Sea producers with west European consumers as their leaders inaugurated a 178-mile pipeline link that will transport gas from Shah Deniz field off Azerbaijan.
  • 11/20/2007 -- XTO sets $2.6 billion E&P budget for 2008
    XTO Energy Inc. has set a capital budget for development and exploration of $2.6 billion for 2008 compared with its 2007 budget of $2.4 billion.
  • 11/20/2007 -- Ecuador resumes membership in OPEC
    Ecuador has resumed its membership in the Organization of Petroleum Exporting Countries, which it left in 1992, with the arrival of President Rafael Correa at a summit of the group's leaders in Saudi Arabia.
  • 11/19/2007 -- Argentina to hike taxes on oil, products exports
    Argentina plans to increase taxes on exported oil and refined products to keep domestic prices at below-market levels, according to a statement issued by the ministry of planning.
  • 11/19/2007 -- OPEC discusses carbon capture for reducing GHGs
    Members of the Organization of Petroleum Exporting Countries discussed carbon capture and storage (CCS) during a Nov. 17-18 meeting in Riyahd.
  • 11/19/2007 -- Shell contemplating GHG science
    Long-term storage logistics, support facilities for sequestration, public acceptance, and consistent regulations are just as critical as technology to making carbon capture and storage a reality, said a Shell scientist.
  • 11/19/2007 -- MARKET WATCH: Crude contract expires above $95/bbl
    The price of the expiring December contract for benchmark US crude rebounded Nov. 16 above $95/bbl on the New York market where traders worried about Middle East tensions and the weak US dollar, with a slow week ahead because of the Nov. 22 US Thanksgiving holiday.
  • 11/16/2007 -- MARKET WATCH: Surprise inventory increase cuts energy prices
    Energy prices pulled back Nov. 15 after EIA reported the first build in US oil inventories in 4 weeks and OPEC reduced its growth forecasts for global oil demand.
  • 11/15/2007 -- MARKET WATCH: Energy prices rebound in uncertain market
    Crude futures prices rebounded Nov. 14, recouping much of the losses from two previous trading sessions, as an uncertain market refocused on forecasts of a fourth consecutive weekly counter-seasonal draw of US oil inventories.
  • 11/15/2007 -- Centrica unit buying Rockyview Energy
    A subsidiary of UK-based Centrica PLC agreed to buy Canadian oil and gas company Rockyview Energy Inc. for $113 million (Can.), including assumed debt.
  • 11/15/2007 -- Former Aramco geophysicist joins university
    Christopher L. Liner, most recently with Saudi Aramco's EXPEC Advanced Research Center in Dharan, has joined the University of Houston as professor of geophysics.
  • 11/14/2007 -- Bush includes energy among Congress's 'unmet priorities'
    Calling it "another priority that Congress has failed to meet," US President Bush criticized federal lawmakers on Nov. 13 for failing to act on energy proposals he outlined in his Jan. 23 State of the Union address.
  • 11/14/2007 -- WEC: Saudi Aramco chief dismisses peak oil fears
    The global oil industry should aim to produce at least 3 trillion bbl from conventional recoverable resources in known fields and discoveries over the next several decades, according to the head of Saudi Aramco.
  • 11/14/2007 -- MARKET WATCH: Crude falls more than $3/bbl to 2-week low
    The front-month crude futures contract dropped more than $3/bbl to the lowest level in nearly 2 weeks Nov. 13 on the New York market.
  • 11/14/2007 -- As oil prices rise, independents urge Congress to change course
    As oil prices approach $100/bbl, eight associations representing US independent producers asked Congress to consider the consequences of passing legislation that would further reduce US supplies.
  • 11/14/2007 -- WEC: Huge energy investment needs seen for China, India
    China will need $3.7 trillion worth of investment for energy projects by 2030, India's secretary for power said Nov. 14 at the World Energy Congress in Rome.

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