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General Interest 2007 P
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12/20/2007 -- First Reserves acquiring services company
Private equity energy firm First Reserve Corp. plans a $1.8-billion acquisition of Abbot Group PLC, a European oil and gas services company having operations in more than 20 countries. -
12/19/2007 -- PTT privatization OK'd; pipeline assets ceded
A top Thai court has ruled against a Thai consumer group's petition to nullify the 2001 partial privatization of the former Petroleum Authority of Thailand (PTT), now PTT PLC. -
12/19/2007 -- MARKET WATCH: Crude prices fall for fourth session
Crude futures prices fell in the fourth consecutive trading session Dec. 18 as Turkish troops began withdrawing from northern Iraq. -
12/19/2007 -- MMS to revise Indian oil valuation rule
The US Minerals Management Service published in the Dec. 17 Federal Register a revised US Indian oil-valuation rule, which the Department of the Interior said is designed to bring more certainty to the valuation process. -
12/19/2007 -- SEC mulls revising oil, gas reserves disclosure rules
The US Securities and Exchange Commission is seeking public comment on possibly revising oil and gas reserves disclosure requirements. -
12/18/2007 -- National Oilwell Varco to acquire Grant Prideco
National Oilwell Varco Inc. plans to acquire Grant Prideco Inc. in a $7.4 billion cash-equity transaction already approved by the boards of both companies. -
12/18/2007 -- MARKET WATCH: Energy prices continue to spiral down
Cold weather in the US Midwest and Northeast pulled up crude prices in early trading Dec. 17 before worries over the economy continued the downturn in the New York market. -
12/18/2007 -- Senate passes energy bill, drops two major provisions
The US Senate Dec. 13 passed an energy bill, which does less than many Democrats had hoped, but stands a greater chance of being signed into law. -
12/18/2007 -- Deloitte: Sieminski sees $80/bbl oil in 2008
Deutsche Bank AG Chief Energy Economist Adam Sieminski expects light, sweet crude prices will average $80/bbl on the New York Mercantile Exchange in 2008. -
12/17/2007 -- Oxy to buy assets from Plains E&P for $1.55 billion
Occidental Petroleum Corp. signed a definitive purchase and sale agreement with Plains Exploration & Production to acquire certain properties for $1.55 billion. -
12/17/2007 -- Deloitte: Stanislaw sees changing role for oil companies
Oil and gas firms might want to redefine themselves as high-technology companies given growing public awareness of climate change and energy security, said energy consultant Joseph Stanislaw. -
12/17/2007 -- MARKET WATCH: Economic worries drive down crude prices
Energy prices continued to slip with crude falling below $92/bbl Dec. 14 on fears that rising consumer prices could reduce demand for fuel. -
12/14/2007 -- Range acquires additional Barnett shale assets
Range Resources is expanding its Barnett shale holdings in the Fort Worth basin by entering into definitive agreements to acquire producing and nonproducing assets for $305 million. -
12/14/2007 -- Baraka buys into another Colombian block
Baraka Petroleum Ltd., Perth, has acquired from Omega Energy Colombia SA a 20% interest in the Chicuaco Block in eastern Colombia. -
12/14/2007 -- Oxy appoints Chazen president, CFO
Occidental Petroleum Corp. has elected Stephen I. Chazen president and chief financial officer. -
12/14/2007 -- Ellis appointed president of Linn Energy
Linn Energy LLC, Houston, appointed Mark E. Ellis president, succeeding Michael C. Linn. Ellis is also chief operating officer. -
12/14/2007 -- In 2007's final weeks, preparing for 2008
IPAMS is preparing a grassroots effort to politically mobilize 150,000 oil and gas employees and contractors in the Rocky Mountains. -
12/14/2007 -- "The oil companies are celebrating in their boardrooms"
Senate Majority Whip Richard J. Durbin (D-Ill.) expressed his frustration after the second attempt to limit debate on the energy bill, H.R. 6, failed by one vote the morning of Dec. 13. -
12/13/2007 -- Deloitte: NOCs seeking broader services, technology
NOCs are seeking broader service capabilities and more technology, and this trend could prompt more consolidation among service companies, a speaker told the Deloitte & Touche oil and gas conference Dec. 12. -
12/13/2007 -- Deloitte: Consumers, oil executives differ on energy solutions
Oil and gas executives and consumers often disagree about how US energy challenges should be resolved, said results of a survey commissioned by Deloitte & Touche USA LLP.
