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General Interest 2007 P
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09/18/2007 -- MARKET WATCH: Crude prices at record high as Fed meets
The front-month crude contract hit new highs above $80/bbl Sept. 17 on speculation that the US Fed will cut interest rates at least a quarter point at its Sept. 18 meeting. -
09/18/2007 -- SEC alleges stock fraud by two oil firms, individual
A federal district judge in Dallas issued a temporary restraining order and asset freeze against two small oil and gas firms and a Los Angeles man in response to SEC allegations of stock manipulation and fraud. -
09/18/2007 -- Indian firms buy stake in Brazilian oil company
Videocon Industries and Bharat Petro have entered into an agreement to purchase shares of Brazilian exploration EnCana Brasil Petroleo Ltda. from Canada's EnCana and 749793 Alberta Ltd. -
09/18/2007 -- Imperial, Tomsk launch joint gas venture
Imperial Energy Corp. PLC and Tomsk Regional Administration have agreed to establish a joint venture to develop Imperial's potential gas reserves in Russia. -
09/17/2007 -- Italy, Kazakhstan to meet to resolve Kashagan issues
Italian Prime Minister Romano Prodi plans to visit Kazakhstan in an effort to resolve a disagreement over delays and cost increases in developing the giant Kashagan oil field. -
09/17/2007 -- MARKET WATCH: Economy worries pull down record oil price
Oil futures prices dipped Sept. 14 from an intraday record high above $80/bbl in New York as TS Ingrid dissipated and traders focused on possible demand reductions due to the troubled US economy. -
09/17/2007 -- BreitBurn to buy Michigan, Illinois assets
BreitBurn Operating will acquire all properties held by Quicksilver Resources in Michigan, Indiana, and Kentucky for $750 million in cash and 21.348 million common shares of BreitBurn Energy Partners. -
09/14/2007 -- Oil supplies expected to remain tight despite OPEC decision
Oil supplies are expected to remain tight despite OPEC's decision Sept. 11 to increase authorized production by 500,000 b/d starting Nov. 1, two US government forecasters said. -
09/14/2007 -- MARKET WATCH: NYMEX crude settles above $80/bbl
The front-month contract for crude closed above $80/bbl for the first time upon news that Hurricane Humberto had disrupted power to three refineries in Port Arthur, Tex. -
09/14/2007 -- Shale plays send PGC's US gas resource estimates higher
Shale gas plays provided most of the impetus as estimated US gas resources grew dramatically from yearend 2004 to yearend 2006, the Potential Gas Committee said. -
09/13/2007 -- MARKET WATCH: NYMEX crude briefly tops $80/bbl
The October contract for benchmark US light, sweet crudes briefly reached above $80/bbl during trading on NYMEX Sept. 12 before settling at a record $79.91/bbl. -
09/13/2007 -- Hunt buys into Maranon basin Block 102 in Peru
Hunt Oil has purchased Shona Energy's 43.75% stake in a contract for exploration and exploitation of Block 102 in Peru's Maranon basin, according to state media. -
09/12/2007 -- ConocoPhillips to spend $10 million on GHG offset
ConocoPhillips has agreed to spend $10 million to offset greenhouse gases that would be created by a proposed expansion of its northern California refinery, said Atty. Gen. Jerry Brown on Sept. 12. -
09/12/2007 -- Gazprom and TNK-BP postpone Kovykta gas deal
OAO Gazprom will delay buying from TNK-BP a stake in the Kovykta gas field in Eastern Siberia until Dec. 1 so that it has more time to value the assets. -
09/12/2007 -- Meridian names senior vice-president, exploration
Stephen Western has been appointed senior vice-president, exploration, of Meridian Resource Corp. -
09/12/2007 -- Cutt named BHP president of production
BHP Billiton Petroleum has appointed Timothy J. Cutt president, production. He will be based in Houston. -
09/12/2007 -- MARKET WATCH: Crude oil futures price sets NYMEX record
Crude oil futures settlement prices set a record on the New York Mercantile Exchange Sept. 11 despite a decision by members of the Organization of Petroleum Exporting Countries to increase their oil production quotas by 500,000 b/d. -
09/11/2007 -- Cairn unit enters Tunisia upstream through acquisitions
Cairn Energy PLC's exploration subsidiary Capricorn Petroleum Ltd. has entered Tunisia's upstream by acquiring two firms with interests in the country. -
09/11/2007 -- Stoneburner to lead Petrohawk's operations
Richard Stoneburner, Petrohawk Energy Corp.'s executive vice-president, exploration, has been promoted to chief operating officer, effective Oct. 1. -
09/11/2007 -- Kucinich questions FTC assumption on 'hot fuels'
Chairman of the US House Oversight and Government Reform Committee's Domestic Policy subcommittee Rep. Dennis J. Kucinich said the subcommittee will continue its inquiry.
