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General Interest 2007 P

  • 02/22/2007 -- FERC: Offshore gathering authority limited
    The US Federal Energy Regulatory Commission is dropping efforts to expand its jurisdiction over offshore natural gas gathering facilities. But it still intends to intervene if an interstate pipeline's gathering affiliate uses market power to benefit the pipeline as it supplies transportation and sales services to producers.
  • 02/22/2007 -- WoodMac: unconventional hydrocarbons becoming more feasible
    Edinburgh-based consultancy Wood Mackenzie Ltd. estimates unconventional hydrocarbons resources of 3.6 trillion boe worldwide.
  • 02/22/2007 -- Mittal investment advances Indian refinery
    Hindustan Petroleum Corp. Ltd.'s plans for a 180,000-b/d refinery at Bhatinda in Punjab, northwestern India, have moved forward with the purchase of a 49% equity interest by Mittal Investments, owned by the family of international steel baron Laksmi Mittal.
  • 02/22/2007 -- MARKET WATCH
    Crude futures price tops $60/bbl

    Energy prices rebounded Feb. 21, wiping out losses from the previous session, as the new front-month April contract for benchmark US light, sweet crudes climbed past $60/bbl in the New York market for the first time in 2007.
  • 02/22/2007 -- Holly to buy stake in Utah oil pipeline
    Holly Energy Partners LP (HEP) of Dallas plans to take 25% interest in an intrastate oil pipeline being built by Plains All American Pipeline LP.
  • 02/23/2007 -- Ecuador to rejoin OPEC in second quarter
    Ecuador will rejoin the Organization of Petroleum Exporting Countries in the second quarter of this year, Energy Minister Alberto Acosta said.
  • 02/23/2007 -- Gazprom, YPFB to cooperate in Bolivian work
    Bolivia's Yacimientos Petroliferos Fiscales Bolivianos and Russia's OAO Gazprom have signed a protocol on cooperative oil and gas projects in the Latin American country.
  • 02/23/2007 -- Plains to acquire LPG storage
    A Plains All American Pipeline LP subsidiary plans to buy AmeriGas Propane LP's Bumstead LPG storage near Phoenix, Ariz., for $52 million.
  • 02/23/2007 -- Eni to acquire Congo (Brazzaville) interests
    Eni SPA has agreed to acquire major onshore interests in Congo (Brazzaville) from Maurel & Prom, Paris, for $1.4 billion.
  • 02/23/2007 -- MARKET WATCH
    Crude tops $61/bbl, reaches 7-week high in intraday trade

    Energy prices continued to rally as the front-month crude contract blew past $61/bbl to a 7-week high in intraday trade in New York.
  • 02/26/2007 -- MARKET WATCH
    Crude futures price closes above $61/bbl

    Crude futures prices continued to explore new highs for this year, closing above $61/bbl in volatile trading Feb. 23 on the New York Mercantile Exchange.
  • 02/26/2007 -- PHMSA chief wants fresh look at pipeline inspection intervals
    The top oil and gas pipeline regulator in the US wants operators to use inspection programs that do the best job of determining their systems' condition. That's why he would like Congress to reconsider pipeline inspection intervals, he told OGJ.
  • 02/27/2007 -- MARKET WATCH
    April crude contract hits 9-week high

    Crude prices continued climbing to a 9-week high Feb. 26 but slipped below $61/bbl in early trading Feb. 27 on the New York market.
  • 02/27/2007 -- IOGCC: US petroleum workforce size increasing
    Government and industry are making progress in increasing the number of qualified petroleum professionals in the US, says the Interstate Oil & Gas Compact Commission in a new report.
  • 02/27/2007 -- S&P's: Refiners must turn low-quality crude into high-value fuel
    The global refining industry faces the challenges of upgrading its refining capacity to produce less-polluting fuels while processing increased volumes of poorer-quality crude oils, Standard & Poor's said in a recent special report on fluctuating oil prices.
  • 03/01/2007 -- New Stonebridge unit eyes S. America potential
    Stonebridge Resources Explorations Inc., Houston, said it is establishing a subsidiary to evaluate oil and natural gas opportunities in South America.
  • 03/01/2007 -- Indonesia puts hold on gas export contracts
    Indonesia will not consider exports of natural gas to neighboring Malaysia and Singapore beyond current contracts, citing instead the need to meet rising domestic demand.
  • 03/01/2007 -- St. Mary makes executive appointments
    St. Mary Land & Exploration Co. Pres. Anthony Best officially has taken on his new role as chief executive and president, succeeding Mark Hellerstein, who has retired as chief executive, but remains as chairman (OGJ Online, Dec. 5, 2006).
  • 03/01/2007 -- MARKET WATCH
    Crude price climbs for sixth session

    A 5-week rally continued Feb. 28 with crude futures prices rising for six consecutive sessions, led by strong gasoline positions on the New York market.
  • 03/01/2007 -- IEA recommends UK energy policy improvements
    Data on current and future offshore oil and gas production on the UKCS should be more transparent so the industry is better informed about future drops in production, urged Claude Mandil, IEA executive director.

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