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General Interest 2007 P

  • 04/23/2007 -- MARKET WATCH
    Crude prices rebound prior to Nigerian election

    Crude prices rebounded Apr. 20 on fears that the Apr. 21 presidential election in Nigeria might inflame political unrest that could disrupt shipments from the biggest oil producing country in Africa.
  • 04/23/2007 -- UKOOA replaced by wider-range trade body
    The UK Offshore Operators' Association (UKOOA) has dissolved and has been replaced by a new body—Oil & Gas UK—having a wider range of interests and members outside of UK operators.
  • 04/24/2007 -- LNG15: Industry must clear obstacles to new supply
    Speakers on the first day of the 15th Conference & Exhibition on LNG in Barcelona warned attendees that the ability of their industry to supply LNG was in serious question.
  • 04/24/2007 -- Eni breaks ground on Trans-Anatolian gas line
    Eni SPA has broken ground to start construction of its Trans-Anatolian Pipeline, which initially will deliver 1 million b/d of oil from Central Asia and the Caspian to the Mediterranean via Turkey in 2010.
  • 04/24/2007 -- Wickstrom appointed Ohio state geologist
    Larry Wickstrom was named Ohio state geologist and chief of the Ohio Department of Natural Resources' Division of Geological Survey.
  • 04/24/2007 -- Gazprom acquires controlling stake in Sakhalin-2
    Gazprom has acquired a 50%-plus-one share in Sakhalin Energy Investment Co. for $7.45 billion in cash under a sale and purchase agreement signed with SEIC shareholders.
  • 04/25/2007 -- LNG15: Growth seen for Chinese, Indian gas markets
    Balance evolving between LNG producers and consumers by 2010 will make markets in China and India much more viable than in recent years.
  • 04/25/2007 -- LNG15: Statoil exec voices confidence on LNG supply
    The nature of LNG and the strengths of its industry will help it weather a current lull in production start-ups, according to Rune Byornson, executive vice-president for natural gas at Statoil.
  • 04/25/2007 -- Energy XXI to buy Gulf of Mexico fields from Pogo
    Energy XXI (Bermuda) Ltd. has agreed to purchase certain Gulf of Mexico oil and natural gas properties from Pogo Producing Co. for $419.5 million cash and the assumption of debt.
  • 04/25/2007 -- MARKET WATCH
    Oil prices up on anticipated strong gasoline inventory draw

    Crude oil prices were up again Apr. 24 due to anticipation of a larger-than-expected draw of US gasoline inventories—the 11th straight week of declines, analysts at Raymond James & Associates Inc. said.
  • 04/26/2007 -- MARKET WATCH
    Oil prices up on low US gasoline supply

    Oil prices soared Apr. 25 on reports of a large, unexpected decline in US gasoline inventories and a drop in refinery utilization. Traders question whether refiners can adequately supply summer driving demand.
  • 04/26/2007 -- Austral Pacific elects Jewell as chief executive
    Thompson Jewell has been named chief executive officer of Austral Pacific Energy Ltd., effective May 1.
  • 04/26/2007 -- China steps up security, seeks workers' return
    China said it is taking steps to improve the safety of its overseas workers following an Apr. 24 attack on an oil exploration site in Ethiopia in which nine Chinese workers were killed and seven taken hostage.
  • 04/26/2007 -- Arc Energy buys Wandoo Petroleum from Mitsui
    Arc Energy Ltd., Perth, has boosted its proved and probable petroleum reserves by 336% with the acquisition of Mitsui's Australian affiliate Wandoo Petroleum Pty. Ltd. for $315 million.
  • 04/27/2007 -- China's crude exports fall as imports rise
    China's rising demand for oil is slashing the country's exports of crude oil and boosting imports, according to statistics released by the General Administration of Customs.
  • 04/27/2007 -- US officials defend exclusions used in land management
    Categorical exclusions (CEs) from environmental documentation authorized under the Energy Policy Act of 2005 are not compromising federal lands in the US West, land-use officials told a hearing by two House Resources Committee subcommittees on Apr. 26.
  • 04/27/2007 -- Ethiopian attackers promise to free workers
    The Ogaden National Liberation Front, which attacked a Chinese exploration crew in eastern Ethiopia on Apr. 24, has promised to return six captured oil workers soon (OGJ Online, Apr. 26, 2007).
  • 04/27/2007 -- Statoil to buy North American Oil Sands
    Statoil ASA has agreed to buy North American Oil Sands Corp. (NAOSC), a private Calgary company developing 275,200 gross acres of oil sands leases in the Athabasca region of Alberta, for $2 billion in cash.
  • 04/27/2007 -- MARKET WATCH
    Natural gas futures price down on storage report

    The natural gas futures price closed lower Apr. 26 on New York markets after the US Energy Information Administration reported an injection of 18 bcf of natural gas into underground storage.
  • 04/27/2007 -- Baker Hughes to pay record $44 million to settle FCPA charges
    Baker Hughes and a subsidiary agreed to pay more than $44 million in fines to settle federal charges that it and one of its employees violated the FCPA , said the US DOJ and the SEC on Apr. 26.

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