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General Interest 2007 P

  • 04/03/2007 -- World oil production to peak in 15-25 years, AAPG told
    The world is consuming oil at a rate that will result in oil production peaking in 15 to 25 years, a group of geoscientists told the American Association of Petroleum Geologists' annual convention in Long Beach, Calif.
  • 04/03/2007 -- EIA: Refinery outages usually don't affect prices
    A shutdown of any major refinery unit can reduce production of finished products. Integration of refinery units means that the outage of one can shut down or reduce operations at others. But refinery unit outages generally don't have a significant product price impact, EIA said.
  • 04/03/2007 -- Federal judge suspends forest management rules
    A federal judge in San Francisco has ruled the US Forest Service failed to conduct mandatory environmental impact reviews or take public comment on plans by the administration of US President George W. Bush to change rules governing forest land management.
  • 04/04/2007 -- DHS issues regulations for high-risk chemical plants
    Chemical plant owners will be required to assess risk levels at their installations and submit a security vulnerability assessment and site security plan if the facility is high-risk under new regulations imposed by the US Department of Homeland Security on Apr. 3.
  • 04/04/2007 -- MARKET WATCH
    Iran releases captives, energy prices fall

    In a surprise announcement during an Apr. 4 press conference, President Mahmoud Ahmadinejad said Iran will free eight British sailors and seven Royal Marines as an Easter holiday "gift" to the British people.
  • 04/04/2007 -- Regency to acquire Pueblo Midstream Gas
    Regency Energy Partners LP has acquired Pueblo Midstream Gas Corp., a wholly owned subsidiary of Bear Cub Investments LLC., for $55 million in cash and stock.
  • 04/05/2007 -- DOE rejects initial bids to supply additional oil to SPR
    The US Department of Energy rejected initial bids to supply the Strategic Petroleum Reserve with as much as 4 million additional bbl of oil.
  • 04/05/2007 -- MARKET WATCH
    Crude takes modest loss on NY market

    The May contract price for benchmark US crude fell Apr. 4 in the New York market following Iranian President Mahmoud Ahmadinejad's surprise decision to release 15 captive UK Navy personnel as an Easter holiday "gift" to the British people.
  • 04/09/2007 -- Japan offers loan to rebuild Iraq's oil infrastructure
    The Japanese government has agreed to lend Iraq some ¥102.8 billion, with just over half of it earmarked for reconstruction of Iraq's oil pipelines, refineries, and export terminal facilities.
  • 04/09/2007 -- MARKET WATCH
    Gasoline futures price at 17-month high

    Crude prices dipped but gasoline futures climbed to the highest level in more than 7 months Apr. 5 as market attention wandered from possible disruption of Middle East supplies to summer demand for gasoline.
  • 04/09/2007 -- Holly chief executive gets added role
    Matthew P. Clifton, chief executive officer for Holly Corp., Dallas, has been selected for the added role of chairman.
  • 04/10/2007 -- MARKET WATCH
    Crude futures price hits 3-month low

    The front-month crude contract registered the biggest price drop in 3 months Apr. 9 in the New York market following Iran's release of 15 UK sailors and marines last week and amid speculation the US will report this week a jump in oil inventories due to unplanned shutdowns of refining units.
  • 04/10/2007 -- US EPA establishes RFS program requirements
    The US government announced a requirement for refiners, blenders, and importers to increasingly use renewable fuels from 2007 through 2012.
  • 04/11/2007 -- FTC opposes Western Refining's merger with Giant
    The US Federal Trade Commission said it will oppose Western Refining Inc.'s planned $1.4 billion acquisition of Giant Industries Inc. because it would significantly reduce competition in northern New Mexico's light products market.
  • 04/11/2007 -- Summers appointed Caspian Energy president
    Caspian Energy Inc., Toronto, has appointed Charles J. Summers, the company's chief operating officer, to the additional post of president.
  • 04/11/2007 -- MARKET WATCH
    Crude prices reverse decline

    Just a day after the biggest price drop in 3 months, a rally in gasoline and heating oil boosted crude futures prices Apr. 10 for the first time in five sessions on the New York market.
  • 04/11/2007 -- Shell to pay $353 million in reserves settlement
    Royal Dutch Shell PLC agreed to pay $352.6 million, plus administrative costs, to investors outside the US in a settlement related to a series of reserves writedowns. Shell admitted no wrongdoing in the settlement.
  • 04/11/2007 -- Sinopec to spend $14.2 billion to boost oil, gas output
    China Petroleum & Chemical (Sinopec) said it plans to increase oil output by 2.1% to 291.1 million bbl in 2007, while production of natural gas will increase by 10.1% to 282.5 bcf.
  • 04/11/2007 -- Christie heads exploration for Chroma
    Chroma Exploration & Production Inc., private Houston independent, has named Ronald D. Christie senior vice-president, exploration.
  • 04/12/2007 -- MARKET WATCH
    Falling gasoline stocks lift oil prices

    Petroleum products futures prices jumped Apr. 11, pulling up near-month crude prices, after the US Energy Information Administration reported another sharp drop in US gasoline inventories to the lowest level since 2001.

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