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General Interest 2007 P
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10/15/2007 -- Newly formed GDF Suez outlines 2008-10 spending plans
Gaz de France and Suez have outlined their global development strategy for 2008-10 in France, Belgium, and elsewhere backed by a €10 billion/year capital spending program (OGJ Online, Sept. 7, 2007). -
10/12/2007 -- Shell to gain 100% interest in Bharat Shell
Shell reported it will purchase the 49% equity stake in lubricant marketing firm Bharat Shell from its JV partner, Indian state-run refiner Bharat Petroleum, for $36.5 million. -
10/12/2007 -- MARKET WATCH: Crude price climbs above $83/bbl in New York
Crude prices rebounded above $83/bbl Oct. 10 on the New York market as government officials reported an unexpected build in gasoline inventories and a decline in oil stocks. -
10/12/2007 -- China's oil production, imports increase during 2007
This year China has imported 18.1% more oil during January-August than it did in the comparable period last year, according to the country's General Administration of Customs. -
10/11/2007 -- US House Speaker Pelosi moving ahead on energy bill
US House Speaker Nancy Pelosi (D-Calif.) said she is determined to move ahead on energy legislation, with or without a conference with the Senate. -
10/11/2007 -- EU's Solana promotes EU-Asia energy cooperation
European Union foreign policy chief Javier Solana in Central Asia Oct. 10 expressed hope that disagreement over the Kashagan oil field project will be solved in terms of the existing agreement. -
10/11/2007 -- DOE to continue RIK fill program for SPR
The US DOE on Oct. 10 solicited contracts to exchange as much as 13 million bbl of oil from federal Gulf of Mexico leases for crude that meets SPR specifications. -
10/11/2007 -- MARKET WATCH: Crude prices continue climbing
Energy prices continued to rise Oct. 10 amid reports of a fire at BP PLC's Prudhoe Bay oil field and surprise labor strikes at Chevron Corp. facilities in Nigeria. -
10/10/2007 -- OMV looks at acquisitions to boost production targets
OMV plans to grow production to 500,000 boe/d by 2010 from a current 324,000 boe/d through aacquisitions and organic growth, a senior company executive told reporters Oct. 9 in Vienna. -
10/10/2007 -- KMG EP to acquire interest in Citic Energy
JSC KazMunaiGas Exploration Production will buy a 50% stake in Citic Canada Energy for $930 million, which will provide access to the Karazhanbas field in western Kazakhstan. -
10/10/2007 -- MARKET WATCH: Crude price rebounds from 4-week low
The November crude futures price rebounded as high as $81/bbl Oct. 9 from a 4-week low the previous session on the New York market, despite speculation that DOE this week will report an increase in US oil inventories. -
10/10/2007 -- Rowan Cos. pleads guilty to environmental charges
Rowan Cos. has pleaded guilty to three felonies involving the discharge of pollutants and garbage into the Gulf of Mexico from the Rowan-Midland drilling rig, the US DOJ reported. -
10/10/2007 -- Pertra, NOIL merge to form second-largest Norwegian operator
Norway's Pertra announced plans to merge with DNO ASA's Det Norske Oljeselskap in a move that will create the second-largest operator in Norway after the newly formed StatoilHydro. -
10/10/2007 -- Total to continue work in Iran, Myanmar
Total CEO Christophe de Margerie, in an interview with newspaper Le Monde, has affirmed that Total will continue to work in Iran and Myanmar despite pressure from government and NGOs. -
10/09/2007 -- MARKET WATCH: November crude drops $2/bbl
In the biggest 1-day decline since mid-August, front-month benchmark crude dropped more than $2/bbl Oct. 8 to the lowest closing on the New York market since Sept. 11. -
10/08/2007 -- Crude price rebounds then settles
Crude futures prices rebounded more than $10/bbl in the first 3 weeks of September then fluctuated in a lower $5/bbl range. -
10/08/2007 -- Kazakhstan rejects new Kashagan oil contracts
Kazakhstan will not revise the terms of its contract with the Eni SPA-led consortium developing Kashagan oil field, according to Kazakh President Nursultan Nazarbayev. -
10/08/2007 -- MARKET WATCH: Crude futures price slips lower
Front-month crude prices slipped lower Oct. 5 on the New York market as the dollar index inched up just 0.4%. -
10/05/2007 -- FTC ends action against Giant-Western Refining merger
Citing a need to allocate resources to other competition matters, the US FTC ended its administrative action against the merger of Giant Industries and Western Refining by a 3-2 vote on Oct. 2. -
10/05/2007 -- Ecuador claims 90% of oil 'windfall profits'
Ecuador's President Rafael Correa signed a decree requiring foreign oil firms with operations in his country to pay the treasury 90% of their profits and not 99%, as earlier stated.
