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General Interest 2007 P

  • 04/13/2007 -- Oil summit notes industry challenges, uncertainties
    Three main challenges facing the oil industry—stable and reasonable prices, security of both demand and supply, and the relationship between national oil companies (NOCs) and international oil companies (IOCs) —were the predominant themes of the 8th International Oil Summit held Apr. 5 in Paris.
  • 04/13/2007 -- Purchase of 50% of JV KazGerMunai approved
    Minority shareholders in KazMunaiGas EP have approved acquisition from parent KazMunaiGas of as much as 50% of KazGerMunai at an extraordinary general meeting in Astana.
  • 04/13/2007 -- IPAMS wants R&D funding restored to DOE budget
    IPAMS has written two US senators to express concerns about the elimination of oil and gas research funding from the White House's proposed fiscal 2008 budgets for the DOE and DOI.
  • 04/13/2007 -- IEA raises China's 2007 oil demand estimate
    The International Energy Agency, Paris, has revised upwards its forecast for China's 2007 total oil product demand by 6.1% to 7.6 million b/d due to refining and trade data showing stronger-than-expected apparent demand in the first 2 months.
  • 04/13/2007 -- MARKET WATCH
    Tight gasoline market boosts energy prices

    Energy prices escalated Apr. 12 on evidence that US gasoline inventories have moved from adequate to tight in less than a month.
  • 04/16/2007 -- Al Hamli: OPEC 'fully committed' to continuous oil supply
    The Organization of Petroleum Exporting Countries, while seeking security of demand, is fully committed to a continuous supply of oil on the international market, according to the group's president.
  • 04/16/2007 -- GAO: Deepwater royalty relief impact hard to pin down
    Deepwater royalty relief will cost the US government billions of dollars, but uncertainty about prices and production levels makes precise estimates impossible at this time, the Government Accountability Office said in an Apr. 12 report.
  • 04/16/2007 -- MARKET WATCH
    Energy prices dip in volatile market

    Energy prices dipped Apr. 13, resulting in roughly a 1% loss on the front-month crude contract in volatile trading during several sessions in the New York market.
  • 04/17/2007 -- MARKET WATCH
    Supply factors affect energy prices

    Energy prices dipped Apr. 16 with a variety of incidents affecting supplies of crude and petroleum products.
  • 04/17/2007 -- APPEA urges tax reform to boost Aussie gas production
    The Australian Petroleum Production & Exploration Association (APPEA) has released a report proposing widespread tax reform to meet the country's substantial potential as a gas producer.
  • 04/17/2007 -- Senate panel considers carbon sequestration strategy, timetable
    Enhanced oil recovery is merely the first step in a national effort to capture and store or reuse industrially produced carbon dioxide, witnesses told the US Senate Energy and Natural Resources Committee on Apr. 16.
  • 04/17/2007 -- Brandvold to head DNO's operations
    DNO ASA has hired Ivar Brandvold as chief operating officer, a new position. He will become a member of the company's corporate management team.
  • 04/17/2007 -- APPEA: Energy production trends toward decarbonization
    The most important trend in energy production over the last two centuries is decarbonization, a trend that will see methane overtake oil and coal to become the next two generation's primary fuel, said Jesse Ausubel, director of Rockefeller University's Program for the Human Environment.
  • 04/18/2007 -- APPEA: Macfarlane nixes Aussie industry tax breaks
    Australia's Resources Minister, Ian Macfarlane, has rejected calls from the oil and gas industry for government to provide tax breaks to stimulate investment in LNG projects (OGJ Online, Apr. 17, 2007).
  • 04/18/2007 -- MARKET WATCH
    Prices fall despite refinery, pipeline recoveries

    Energy prices continued falling Apr. 17 after Valero Energy Corp. said its 158,000 b/d McKee refinery in Sunray, Tex., was partially back in operation, following a Feb. 16 propane fire that forced its shutdown.
  • 04/19/2007 -- MARKET WATCH
    Gasoline price rises as supply falls

    The front-month gasoline futures contract rose modestly Apr. 18 on the New York market after US gasoline supplies fell for the 10th straight week.
  • 04/20/2007 -- Onshore fields bolstered 2006 US gas output
    Land drilling bolstered US gas production in 2006, a warmer than normal year characterized by lower imports from Canada, reduced LNG imports from fewer countries, and above average storage levels, said the US Energy Information Administration.
  • 04/20/2007 -- MARKET WATCH
    Energy prices resume downward trend

    Energy prices resumed their downward trend Apr. 19 after Enbridge restarted the portion of its oil pipeline that was shut down Apr. 15 following a release of heavy crude.
  • 04/20/2007 -- Inpex, Ivanhoe pursue Iraqi heavy oil venture
    Ivanhoe Energy Inc. and Japan's Inpex Corp. have agreed to jointly pursue an opportunity to develop Qaiyarah heavy oil field in northern Iraq.
  • 04/23/2007 -- China moves ahead with petroleum reserve base fills
    China expects to begun transporting oil at the end of this month for storage at its third petroleum reserve base in Huangdao, Shandong province.

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