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General Interest 2007 P2

  • 02/06/2007 -- Qatar Gas lets LNG carrier construction contract
    Qatar Gas Transport Co. has awarded South Korean shipbuilders Samsung Heavy Industries and Daewoo Shipbuilding & Marine orders totaling $2.1 billion for the construction of eight LNG carriers.
  • 02/22/2007 -- Second Rockies Express pipeline segment online
    KMEP Natural Gas Pipelines, operator of the proposed 1,663-mile Rockies Express Pipeline gas system, has started service on a 192-mile, 42-in. pipeline section from Wamsutter Hub, Wyo., to Cheyenne Hub, Colo.
  • 02/22/2007 -- Nigeria misses gas supply deadlines to Ghana
    Nigeria has delayed supplying gas to Ghana through its $560 million West African Gas Pipeline because of militants' vandalism on related infrastructure in the Niger Delta.
  • 02/09/2007 -- MARKET WATCH
    Cold weather, pipeline fire boost prices

    Energy prices rebounded Feb. 8, with the front-month crude price closing at a new high for this year in New York as the fundamentals of supply and demand were reasserted via a frigid cold front in the eastern US and a pipeline fire that shut in 95% of production at the Elk Hills oil and gas field near Bakersfield, Calif.
  • 02/08/2007 -- Energy executives discuss global warming with Turner, Wirth
    Energy executives met in a Feb. 7 roundtable discussion with billionaire businessman Ted Turner and Timothy E. Wirth, president of the United Nations Foundation and former US senator from Colorado, to discuss global warming.
  • 02/08/2007 -- El Paso to pay $7.7 million for oil-for-food irregularities
    Without admitting any wrongdoing, El Paso Corp. said Feb. 7 it will forfeit $5,482,363 and pay a civil penalty of $2.25 million to the Securities and Exchange Commission in connection with illegal surcharges paid to Saddam Hussein's government for Iraqi oil under the United Nations' oil-for-food program.
  • 02/02/2007 -- Exco to buy US Midcontinent assets from Anadarko for $860 million
    Dallas independent Exco Resources Inc. reported it will acquire producing oil and natural gas properties, acreage, and other assets in several fields in the US Midcontinent, South Texas, and Gulf Coast areas of Oklahoma and Texas from Anadarko Petroleum Corp. for $860 million in cash.
  • 02/07/2007 -- Range Resources plans higher E&P outlays in 2007
    Range Resources Corp., Fort Worth, reported a 2007 capital spending budget of $698 million, representing a 10% increase over 2006 expenditures.
  • 02/05/2007 -- ATP expands holdings in GOM's Mississippi Canyon area
    ATP Oil & Gas Corp. has acquired interests in three blocks near its operations on Mississippi Canyon Block 711 in the Gulf of Mexico that include Gomez oil and gas field.
  • 02/27/2007 -- Fortis to buy Terasen from Kinder Morgan
    Fortis Inc., an investor in electric distribution utilities, agreed to buy Terasen Inc. from Kinder Morgan Inc. for $3.7 billion (Can.).
  • 03/08/2007 -- Dolphin gets QP gas; prepares for UAE imports
    Dolphin Energy Ltd., Abu Dhabi, has received its first supplies of natural gas through a pipeline from Qatar and is testing its import facilities ahead of the project's planned commercial launch this summer.
  • 03/02/2007 -- Mulva: energy interdependence rather than independence
    ConocoPhillips Chief Executive Officer James J. Mulva said energy independence is a popular topic in the US, but believes that energy interdependence among worldwide energy companies is a more realistic goal.
  • 03/08/2007 -- FTC: US energy markets kept competitive in 2006
    The US Federal Trade Commission aggressively used its authority during 2006 to keep US retail energy markets competitive, FTC Chairwoman Deborah Platt Majoras told a US Senate subcommittee Mar. 7.
  • 03/08/2007 -- Seneca appoints McGinnis senior vice-president
    Seneca Resources Corp., the exploration and production subsidiary of National Fuel Gas Co., has appointed John P. McGinnis senior vice-president, exploration and development.
  • 03/19/2007 -- Swift Energy sets $375-400 million drilling budget
    Swift Energy Co. plans to spend $375-400 million in drilling expenditures in 2007 compared with a 2006 drilling budget of $370 million.
  • 03/08/2007 -- ExxonMobil to start up more than 20 projects through 2009
    ExxonMobil Corp. plans to start up more than 20 new global projects through 2009, said the company's chairman and chief executive officer Rex Tillerson. At peak production, these projects are expected to add 1 million boe/d to the supermajor's volumes.
  • 03/05/2007 -- Inter Pipeline to buy Corridor line from Kinder Morgan
    Inter Pipeline Fund of Calgary has agreed to purchase the shares of the Corridor pipeline system owned by Kinder Morgan Inc. for $760 million (Can.), including debt.
  • 03/13/2007 -- Anadarko sells part of K2 Unit in Gulf of Mexico
    Anadarko Petroleum Corp. has agreed to sell a 23.2% portion of its interest in the K2 Unit in the Gulf of Mexico for $1.2 billion to two undisclosed companies.
  • 03/21/2007 -- Legacy Reserves to acquire Oklahoma production
    Legacy Reserves LP signed a definitive purchase agreement to acquire oil and natural gas producing properties in the East Binger Unit in Caddo County, Okla., from Nielson & Associates Inc. for $45 million in cash and stock.
  • 03/26/2007 -- Veneco acquires fields in California and Texas
    Venoco Inc. recently signed two separate agreements with two undisclosed companies to acquire properties in California and Texas for a combined net cost of $106 million.
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