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General Interest 2007 P

  • 03/01/2007 -- GDF names Holleaux E&P vice-president
    Didier Holleaux has been appointed vice-president, exploration and production, of Gaz de France. Holleaux succeeds Michel Bayle, who is retiring after managing the E&P division since 2000, when it was established.
  • 03/02/2007 -- Study projects influence of national oil companies
    National oil companies will gain geopolitical influence as their domination of worldwide production grows, says a study by Rice University's Baker Institute for Public Policy.
  • 03/02/2007 -- House Dems to reintroduce their 2006 energy bill
    US House Democrats plan to reintroduce the Program for Real Energy Security bill, or PROGRESS, next week to "initiate a robust national program, akin to the Manhattan Project, on energy independence," Majority Leader Steny H. Hoyer said Mar. 1.
  • 03/02/2007 -- MARKET WATCH
    Crude price continues climb to $62/bbl

    Crude futures prices continued climbing for the seventh consecutive session Mar. 1, with the front-month contract closing at $62/bbl on the New York market.
  • 03/02/2007 -- Weatherford acquires fluid-descaling technology
    Weatherford International Ltd. has signed an exclusive licensing agreement with UK-based fluid descaling system companies Hydropath Ltd. and Clearwell International.
  • 03/02/2007 -- Iraq faces major decisions about oil future, study says
    Iraq's decisions about the future organization of its oil sector will have major implications for future oil market trends and global oil prices, said a Rice University Baker Institute study on national oil companies.
  • 03/05/2007 -- Senate energy leaders voice concerns in budget requests
    US Senate energy leaders have formally raised questions about oil and natural gas-related aspects of President George W. Bush administration's proposed fiscal 2008 budgets for the Departments of Energy and the Interior.
  • 03/06/2007 -- Suncor restructures senior management team
    Suncor Energy Inc., Calgary, has made several changes to its senior management team as the company readies itself to meet its goal of doubling its oil sands production by 2010-12.
  • 03/06/2007 -- Progress Energy to buy Canadian assets from BG
    Progress Energy Ltd. agreed to buy some of BG Group's Canadian assets for $525 million (Can.). The Western Canadian Sedimentary Basin gas assets being sold are in three core areas known as Bubbles, Ojay, and Copton-Lynx.
  • 03/06/2007 -- MARKET WATCH
    Crude prices approach 2-week low

    A slide in Asian and European stock markets triggered a drop in crude prices to near 2-week lows Mar. 5 in the New York commodity market.
  • 03/06/2007 -- KMG EP offers $1.07 billion for Kazgermunai stake
    KazMunaiGas Exploration & Production (KMG EP) has offered $1.07 billion to its parent company National Co. KazMunaiGas (NC KMG) for a 50% stake in JV Kazgermunai LLP (KGM).
  • 03/06/2007 -- Consultant sees surplus of some oil, gas workers in 5 years
    Despite current emphasis on "talent gaps" within the petroleum industry, global labor trends indicate an adequate—or even excess—supply of entry-level workers over the next 5 years.
  • 03/07/2007 -- Purvin & Gertz: world LPG supply headed for surplus
    World LPG prices, boosted by high oil and natural gas prices, have pushed up supply but depressed demand in developing markets, according to Craig Whitley of Houston-based consultancy Purvin & Gertz Inc. in opening remarks Mar. 6 to the firm's 20th Annual International LPG Seminar in Houston.
  • 03/07/2007 -- Indonesia to boost gas output to offset deficit
    Indonesia expects a natural gas production shortage of some 300 MMscf for 2007 and must increase production to meet its projected demand of 8.7 bcf, said Energy and Mineral Resources Minister Purnomo Yusgiantoro during a meeting with members of the country's House of Parliament.
  • 03/07/2007 -- Congressman questions EPA's handling of SoCal LNG project
    US Rep. Henry A. Waxman (D-Calif.) asked the EPA to supply evidence that politics did not play a role in its apparent decision to overrule career employees and award a permit to a proposed LNG project off Southern California.
  • 03/07/2007 -- MARKET WATCH
    Energy prices rebound with stock markets

    Energy prices rebounded Mar. 6, regaining some of the losses over the two previous sessions, as global stock markets partially recovered from their weeklong declines.
  • 03/07/2007 -- Spending rising for Canadian oil sands projects
    Canadian oil sands projects recently have seen a major increase in capital costs per peak flowing barrel, which is putting pressure on returns on investment in an area where project economics are already considered relatively marginal, said Wood Mackenzie in its report, "The Cost of Playing in the Oil Sands."
  • 03/08/2007 -- DOE's fossil energy chief resigns
    Jeffrey D. Jarrett has resigned as assistant secretary for fossil energy at the US Department of Energy to become executive director of the Coal-Based Generation Stakeholders Group, an organization of electric utilities and cooperatives, coal producers, and coal-hauling railroads.
  • 03/08/2007 -- WoodMac expects increasing non-OPEC oil supply
    Last year's fourth-quarter momentum for oil supply from outside the Organization of Petroleum Exporting Countries is expected to be maintained during 2007, said Edinburgh consultant Wood Mackenzie Ltd.
  • 03/08/2007 -- MARKET WATCH
    Crude futures price again tops $62/bbl

    The near-month crude futures price bounced back above $62/bbl in intraday trading Mar. 7 in the New York market, following reports of unexpected large drops in US crude and gasoline inventories.

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