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General Interest 2007 P13

  • 11/07/2007 -- IEA warns of coal's comeback in energy mix by 2030
    China and India are expected to continue using coal as a major source of energy supplies, the IEA warned in a bleak picture looking at energy supply and demand until 2030.
  • 11/07/2007 -- MARKET WATCH: Energy prices briefly top $97/bbl
    Crude prices on the New York Mercantile Exchange briefed touched $97.10/bbl before dropping to settle at a record $96.80/bbl on Nov. 6, largely upon news of an attack upon a Yemen oil pipeline compound earlier in the week.
  • 11/07/2007 -- Midland Oil & Gas appoints chief executive officer
    Midland Oil & Gas Ltd. has appointed Mehmet Arif Yukler as chief executive officer.
  • 11/07/2007 -- Former Willbros executive pleads guilty in bribe plot
    DOJ reported that a former executive of a unit of Willbros Group pleaded guilty to conspiring to bribe Nigerian officials with more than $6 million to secure a major gas pipeline construction contract in that country.
  • 11/06/2007 -- Range Fuels breaks ground on cellulosic ethanol plant
    Range Fuels broke ground on what the company is calling the nation's first commercial cellulosic ethanol plant, which is being constructed in Treutlen County, Ga.
  • 11/06/2007 -- MARKET WATCH: Energy prices continue to waffle
    Crude prices fell again Nov. 5, continuing a pattern of up one day, down the next over the last six sessions, as investment funds and other speculators took profits from the market's overall upward trend.
  • 11/06/2007 -- Holly Corp. names president
    Independent refiner Holly Corp., Dallas, has elected David L. Lamp as president.
  • 11/05/2007 -- Gaz de France buys into Alam El Shawish West
    Gaz de France has acquired from Vegas Oil & Gas a 45% stake in the Alam El Shawish West license in Egypt's Abu Gharadig basin. Vegas Oil & Gas remains operator of the 1,075 sq. km license, which is in the Western desert about 250 km southwest of Alexandria.
  • 11/05/2007 -- Kuwaiti oil minister quits after 8 day tenure
    Bader Mishari al-Humaidhi, Kuwait's oil minister, has resigned after only 8 days in office because opposition members of parliament continuously attacked his suitability for the role.
  • 11/05/2007 -- Bingaman says energy bill needs more time
    US Senate Energy and Natural Resources Committee Chairman Jeff Bingaman (D-NM) said he does not expect to see a reworked 2007 federal energy bill to appear before the Senate takes its Thanksgiving recess.
  • 11/05/2007 -- EnCana acquiring Leor Energy's Deep Bossier assets
    EnCana Corp. agreed to acquire all of the Deep Bossier natural gas and land interests of privately owned Leor Energy in Texas for $2.55 billion.
  • 11/02/2007 -- MARKET WATCH: Crude price hits new intraday high
    The front-month crude futures price fell Nov. 1 on the New York market, but not before setting a new intraday price record of $96.24/bbl.
  • 11/02/2007 -- Doubling of oil recovery efficiency seen possible
    A doubling of oil recovery efficiency worldwide is possible through effective use of technology and wise management, according to former head of reservoir management at Saudi Aramco.
  • 11/01/2007 -- Kuwait Energy to buy Ukrainian assets
    Kuwait Energy Co. plans to purchase the Ukrainian assets of Cardinal Resources PLC, London, for $71 million. Sale includes 100% of the share capital of Carpatsky Petroleum Inc., Raget Commercial Ltd., and Mitre Resources Ltd.
  • 11/01/2007 -- Diesel spill in Veracruz sparks threat of Pemex ban
    Mexico's Petroleos Mexicanos (Pemex) has been warned it may no longer be allowed to operate in the state of Veracruz following criticism for its poor response to recent accidents and oil spills.
  • 11/01/2007 -- MARKET WATCH: 'Mother of all stock draws' hikes crude to $95/bbl
    Crude futures prices soared above a record $95/bbl in after-hours trading Oct. 31, leaving the market posed for possible $100/bbl oil in the near future.
  • 11/01/2007 -- Court backs Anadarko in deepwater lease case
    A federal judge in Louisiana has supported Anadarko Petroleum Corp.'s claim that the US Minerals Management Service lacked authority to collect royalty on deepwater leases issued in 1996-2000.
  • 11/01/2007 -- Onshore drilling threatens environment, House panel told
    Onshore oil and gas activity in the Rocky Mountains is threatening public health and the environment in producing areas, witnesses told a US House committee on Oct. 31.
  • 10/31/2007 -- New Times to buy two Argentina oil fields
    New Times Group Holdings Ltd., a Hong Kong property and financial investment company, plans to acquire two oil fields in Argentina for $10 billion (HK).
  • 10/31/2007 -- NPRA elects executive committee members for 2008
    The National Petrochemical & Refiners Association at its recent board meeting has elected several members to its executive committee.
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