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General Interest 2007 P16

  • 10/16/2007 -- MARKET WATCH: Crude futures price pushes past $86/bbl
    The front-month crude futures contract continued climbing to new heights Oct. 15, pushing past $86/bbl in New York, although most analysts see too few potential changes in market fundamentals to support a continued rally.
  • 10/16/2007 -- Petrohawk to sell Gulf Coast division
    A privately owned company agreed to buy Petrohawk Energy Corp.'s Gulf Coast division, including Lions gas field in Goliad County, Tex., for $825 million.
  • 10/16/2007 -- BP CEO lays out new corporate structure
    BP will undergo a major corporate restructuring to reduce high overhead costs and improve its performance to match its rivals within the next 2-3 years, the company's CEO Tony Hayward has pledged.
  • 10/16/2007 -- Lawmakers seek data on Hunt's Iraq oil contract
    The chairmen of a US House committee and one of its subcommittees are seeking more information about a recent oil exploration contract that Hunt Oil Co. signed with the Kurdistan regional government in Iraq.
  • 10/15/2007 -- Gaz de France invests in Erelia wind power
    Gaz de France, in line with its sustainable development policy, said it will acquire a 95% stake in Erelia, a developer and operator of wind farms in France.
  • 10/15/2007 -- Oliver named Suez Global LNG CEO, president
    Philip Olivier, who has served as Suez Global LNG's executive vice-president of business development, has been appointed chief executive officer and president of Suez Global LNG.
  • 10/15/2007 -- MARKET WATCH: Crude price tops $84/bbl for first time
    The front-month crude contract climbed above $84/bbl for the first time ever in intraday trading Oct. 12 on the New York market amid another escalation of political tension in the Middle East.
  • 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 -- 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.
  • 10/10/2007 -- 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 -- 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.
  • 10/09/2007 -- 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 -- 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.
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