08/30/2007
-- MARKET WATCH: Lower inventories raise oil, gasoline prices Surprisingly low refinery utilization and larger-than-expected declines in US inventories of gasoline and crude triggered a spike in oil prices above $73/bbl Aug. 29.
08/29/2007
-- BLM seeks public comment for northeastern NPR-A The US BLM is soliciting public comment on its draft supplemental EIS to address proposed oil and gas activities in the northeastern portion of the National Petroleum Reserve-Alaska area.
08/29/2007
-- MARKET WATCH: Potential storm boosts natural gas price A declining market for corporate stocks pulled down crude prices Aug. 28, but natural gas prices strengthened with a potential storm brewing in the Atlantic.
08/29/2007
-- IFC to invest in Chinese coalbed methane project World Bank division International Finance Corp. has agreed to invest $15 million to help a Houston overseas producer develop coalbed methane resources in China.
08/29/2007
-- Worldwide E&P spending reaches record, study finds Upstream investments worldwide increased 45% to $401 billion in 2006 compared with 2005, according to a recent review from John S. Herold and Harrison Lovegrove & Co.
08/28/2007
-- KNOC to buy Azeri Caspian stake KNOC plans to buy most of Shell's interest in the undeveloped Inam oil block in the Caspian Sea off Azerbaijan.
08/28/2007
-- Wintershall unveils North Sea spending plans Wintershall AG, Kassel, Germany, will invest more than $409.2 million on its operations in the North Sea until 2010 to secure indigenous oil and gas supplies for Europe.
08/28/2007
-- Kazakh officials suspend Kashagan field development Kazakhstan officials Aug. 27 have reportedly suspended the permit for E&D work in Kashagan oil field off Kazakhstan, effectively halting work on the vast field for the next 3 months.
08/28/2007
-- MARKET WATCH: Natural gas futures price at 11-month low The near-month gas futures price dropped to an 11-month low Aug. 27 in the face of record high US storage while gasoline prices climbed on speculation that US supplies declined.
08/27/2007
-- DOJ will not challenge proposed nanotechnology research The US DOJ will not challenge a proposal by a group of oil and gas producers, oil field service firms, and UT at Austin to jointly research and develop nanotechnology applications for oil and gas E&P.
08/27/2007
-- MARKET WATCH: Crude, products prices continue to climb Futures prices for crude and products continued to recover Aug. 24 on reports of a 2.8% increase in US new home sales and a 5.9% rise in US durable goods sales through July.
08/24/2007
-- Browne joins Riverstone as managing director, partner BP PLC's former chief executive, John Browne, has accepted a role as managing director and managing partner of Riverstone Europe, a unit of New York-based Riverstone Holdings LLC.
08/24/2007
-- CPPI appoints Boag to president position The board of the Canadian Petroleum Products Institute (CPPI) has appointed Peter Boag to the position of president.
08/23/2007
-- MARKET WATCH: Oil stock increase brings down energy prices Energy prices continued to fall Aug. 22 after the EIA reported a surprise build in commercial US crude inventories and a continued decline in gasoline stocks during the week ended Aug. 17.
08/23/2007
-- Nicaragua taxes Esso $3 million, embargoes assets Nicaragua's vice-president has ordered Esso Standard Oil to pay $3 million in taxes on allegedly undeclared oil imports, while a judge has embargoed the company's assets.
08/23/2007
-- Abu Dhabi National to buy second Canadian company Abu Dhabi National Energy Co. (ADNEC, now TAQA) has agreed to buy Pioneer Natural Resources Canada Inc. from Dallas independent Pioneer Natural Resources Co. for $540 million.