08/22/2007
-- MMS Lease Sale 204 attracts $290 million in high bids Apparent high bids totaling nearly $290 million were offered for 282 tracts in the western Gulf of Mexico at Lease Sale 204, reported MMS Aug. 22 from New Orleans.
08/21/2007
-- Hrobsky named MMS deputy director Jon Hrobsky has been elected deputy director of the US Department of the Interior's Minerals Management Service.
08/21/2007
-- Littell joins Petrol as chief operating officer Steve Littell, a 20-year oil and gas veteran, has been named chief operating officer of independent Petrol Oil & Gas Inc., Overland Park, Kan.
08/21/2007
-- Indonesia's domestic gas needs remain top priority Indonesian Vice-President Jusuf Kalla said his country will remain "consistent" in honoring current natural gas supply contracts with Japan, but that its top priority will be to meet domestic needs.
08/21/2007
-- MARKET WATCH: Energy prices fall as Dean heads for Mexico Energy prices fell Aug. 20 as Hurricane Dean headed for Mexico's Yucatan Peninsula, away from offshore oil and gas operations in the US sector of the Gulf of Mexico.
08/20/2007
-- MARKET WATCH: Energy prices rebound on Fed action After a volatile week of seesawing prices, energy futures rebounded Aug. 17 primarily because of the US Fed's efforts to ease a credit crunch.
08/20/2007
-- TAG Oil names Johnson chief executive Garth Johnson, chief financial officer of TAG Oil Ltd., has been appointed chief executive officer, effective Sept. 1.
08/20/2007
-- US needs 'measured' approach to fuels development, task force says The US must use its authority to stimulate timely technical advances and industry investment if it expects to use the nation's unconventional fuel resources, a government task force concluded.
08/20/2007
-- Nigeria to launch energy council, focus on power generation Nigeria is to establish a new National Council on Energy to discover ways to develop sufficient electric power capacity in the country over the next decade, according to Nigeria President Umaru Yar'Adua.
08/17/2007
-- Petrobras budgets $1.5 billion for biofuels in 2008-12 Petrobras plans to spend $1.5 billion on biofuels in 2008-12 with a focus on ethanol distribution and biodiesel production, Chief Executive Jose Sergio Gabrielli de Azevedo said Aug. 17 in London.
08/17/2007
-- El Paso to acquire Peoples Energy Production El Paso Exploration & Production Co., a subsidiary of El Paso Corp., Houston, reported plans to acquire Peoples Energy Production Co. for $875 million.
08/17/2007
-- Russia gains control of Bashkortostan firms The Moscow Arbitration Court Aug. 15 ruled that control of six energy companies in the oil-rich province of Bashkortostan must be handed over to the Russian government.
08/17/2007
-- MARKET WATCH: Crude oil, product prices take tumble Crude and petroleum product prices tumbled Aug. 16 as traders put their weather worries on hold to deal with a rout in the equities market that appears to threaten future energy demand.
08/16/2007
-- MARKET WATCH: Storm worries raise energy prices Energy prices continued to climb Aug. 15 as two tropical storms posed potential threats to oil and gas facilities in the Gulf of Mexico and along the Gulf Coast.
08/16/2007
-- MMS, Burlington settle gas royalty dispute Burlington Resources has agreed to pay the federal government over $97.5 million, plus interest, to settle several natural gas royalty issues on federal and American Indian lands, MMS said.
08/16/2007
-- Philippines to vary energy sources, use more gas Philippines' Energy Sec. Angelo T. Reyes has promised to make more use of gas to vary the country's energy sources and lessen its dependence on imported oil, estimated at some 325,000 b/d during 2006.
08/15/2007
-- Chinese NOCs double domestic upstream spending Upstream spending on oil and gas operations in China by that country's three NOCs jumped to $21.5 billion in 2006 from $12.6 billion in 2004.
08/15/2007
-- MARKET WATCH: Tropical storms lift energy prices Energy prices increased Aug. 14 with reports of two tropical depressions forming into storms in the Atlantic Ocean and the central Gulf of Mexico.
08/15/2007
-- Reincarnated Antero Resources gets funds A reborn Antero Resources has secured a $1 billion line-of-equity funding program it plans to use to develop nonconventional resource plays in the US Midcontinent and Rocky Mountains.
