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General Interest 2007 P

  • 02/12/2007 -- EPA targets benzene in its new MSAT regulations
    The US Environmental Protection Agency Feb. 9 enacted new Mobile Source Air Toxics regulations designed to significantly decrease toxic fumes from gasoline, vehicles, and fuel containers.
  • 02/12/2007 -- MARKET WATCH
    Crude price closes at new high for 2007

    The March contract for benchmark US light, sweet crudes couldn't sustain its break through the $60/bbl price ceiling Feb. 9, but managed to hang onto the highest closing for a front-month contract in the New York market so far this year.
  • 02/13/2007 -- MARKET WATCH
    Oil prices take plunge on OPEC announcement

    Crude futures prices fell more than $2/bbl in trading Feb. 12 in New York "as the Saudi Oil Minister stated that further production cuts by [the Organization of Petroleum Exporting Countries] would likely not be needed," said analysts in the Houston office of Raymond James & Associates Inc.
  • 02/13/2007 -- Chinese Petroleum Corp. becomes CPC Corp. Taiwan
    Amid a flurry of controversy, Taiwan's Ministry of Economic Affairs (MEA) has ordered state-run Chinese Petroleum Corp. to change its name.
  • 02/13/2007 -- IP Week: Saudis reveal spending plans for next decade
    Saudi Arabia will spend $507 billion on energy and infrastructure projects over the next 11 years, a Saudi government official said Feb. 12 at the International Petroleum Week conference in London.
  • 02/14/2007 -- MARKET WATCH
    Refinery mishaps boost energy prices

    Energy prices rebounded Feb. 13, with crude again approaching the $60/bbl barrier following disruptions at two US refineries and a report from Paris-based International Energy Agency hiking its estimate of world demand for oil and reducing its outlook for supplies.
  • 02/14/2007 -- IP Week: Europe will still receive Russian gas
    Fears that Russian gas exports will be sent to other markets such as China instead of Europe are overstated, said Julian Lee, senior energy analyst at the Centre for Global Energy Studies, speaking at the International Petroleum Week conference in London this week.
  • 02/14/2007 -- Energy Sec. Bodman outlines US energy goals
    The challenges of satisfying world energy demand requires substantial, sustained investments, US Sec. of Energy Samuel W. Bodman told an annual executive conference in Houston sponsored by Cambridge Energy Research Associates.
  • 02/15/2007 -- MARKET WATCH
    Low distillate draw undermines energy prices

    Energy futures prices continued to seesaw, falling again Feb. 14 when the US Energy Information Administration reported a lower-than-expected drawdown of distillate stocks despite recent cold weather in much of the US.
  • 02/15/2007 -- CERA: Russian official says gas cartel not imminent
    Russia's deputy minister of industry told the Cambridge Energy Research Associates convention in Houston that formation of an international gas cartel is not imminent.
  • 02/16/2007 -- MARKET WATCH
    Near-record gas withdrawal fails to boost markets

    Oil and natural gas prices dropped temporarily to 2-week lows before battling back to near-starting positions Feb. 15 on the New York market, despite the second-largest withdrawal ever of gas from US storage.
  • 02/16/2007 -- Total splits chairman, chief executive positions
    Total SA has decided to split the chairman and chief executive officer positions, which have been held by Thierry Desmarest.
  • 02/19/2007 -- MARKET WATCH
    Energy futures prices climb

    Energy futures prices climbed higher Feb. 16 primarily in technical trading as traders covered positions ahead of the long US holiday weekend with the New York Mercantile Exchange closed Feb. 19 for Presidents Day.
  • 02/19/2007 -- TAQA makes senior management appointments
    Abu Dhabi National Energy Co. (TAQA) has made several senior management appointments, as the company readies itself for rapid international expansion.
  • 02/20/2007 -- MARKET WATCH
    Traders hope for peaceful settlement with Iran

    Energy prices were reported lower during early trading Feb. 20 as US markets reopened after the holiday weekend, partly because a comment by Iranian President Mahmoud Ahmadinejad that Iran would stop its uranium enrichment program if the Western nations will do the same.
  • 02/20/2007 -- Total: 102% proved reserves replacement in 2006
    For 2007 Total SA has earmarked €billion for overall capital expenditure, of which €13 billion is for the upstream, including a "continuing sustained exploration program.
  • 02/21/2007 -- MMS completes first RIK sale of Wyoming gas
    The first federal RIK sale of gas from southwestern Wyoming is expected to generate $5-10 million more in revenues than royalties taken as cash payments, the US MMS said.
  • 02/21/2007 -- Frontier buys Denver ethanol-blending facility
    Frontier Oil Corp. has acquired Ethanol Management Co. (EMC) for $3.1 million. EMC's primary assets are a 25,000 b/d products terminal and blending facility near Denver.
  • 02/21/2007 -- Chinese dependency on imported oil up
    China's Ministry of Commerce has announced that the country's dependence on imported oil rose to 47% of annual demand in 2006, an increase of 4.1 percentage points over 2005.
  • 02/21/2007 -- MARKET WATCH
    Warmer weather forecasts undercut energy prices

    Energy prices generally fell Feb. 20, giving back most of the technical gains of Feb. 16 prior to the long holiday weekend in the US, as mixed forecasts of warmer weather again convinced traders that winter is nearing an end.

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