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General Interest 2007 P
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12/05/2007 -- Berry Petroleum sets 2008 capital budget at $295 million
Berry Petroleum plans a capital budget of $295 million for 2008 compared with a 2007 budget of $320 million, which included $53 million for a Piceance acreage acquisition. -
12/05/2007 -- Eni offers £1.7 billion for Burren Energy
Eni SPA has agreed to pay the higher price of £1.74 billion in cash for Burren Energy PLC, London, after Burren's board rejected two previous offers as too low. -
12/05/2007 -- French companies sign gas deals with Algeria
France and Algeria have signed several natural gas deals as French President Nicolas Sarkozy sought to establish closer ties on his first state visit to the former French colony. -
12/05/2007 -- OMV increases legal pressure to acquire Hungary's MOL
Austria's OMV has launched legal proceedings in the Hungarian courts to remove the barriers to acquiring MOL, upping pressure on the company's management to accept its $20.6 billion bid. -
12/05/2007 -- New Petroecuador president named to quell unrest
Ecuador has appointed Navy Rear Admiral Fernando Zurita to head Ecuadoran State Petroleum Enterprise to deal with an emergency situation facing the state-run oil company. -
12/05/2007 -- MARKET WATCH: Crude prices dip; OPEC takes no action
Crude prices declined slightly Dec. 4 as traders wondered if OPEC members might decide to raise its production by 500,000 b/d during its Dec. 5 meeting in Abu Dhabi. -
12/05/2007 -- House again considers oil and gas tax hikes
Tax increases on the US oil and gas industry are again under consideration in Congress. -
12/04/2007 -- LNG Summit: Nigeria to impose domestic, export balance in gas use
Under a new presidential administration, Nigeria plans to impose greater balance between domestic gas and export projects, attendees were told in Rome at the 8th LNG Summit. -
12/04/2007 -- MARKET WATCH: Oil price up on OPEC meeting outcome speculations
A moderate rise in oil prices offset a decline in gas prices Dec. 3 in the New York market as traders speculated over the possible outcome of the Dec. 5 OPEC meeting in Abu Dhabi. -
12/04/2007 -- Bois d'Arc president assumes CEO role
Bois d'Arc Energy said Gary Blackie, company president, will take on the additional duties of CEO. -
12/04/2007 -- LNG Summit: LNG key to meeting world demand to 2030
LNG will lead pipeline supply as natural gas leads other forms of energy to meet growing global demand through 2030, LNG Summit attendees were told in Rome Dec. 4. -
12/03/2007 -- Gas key to addressing climate change, executive says
Natural gas must continue to be a major fuel in Germany's energy mix if climate change is to be addressed successfully, said Burckhard Bergmann, chairman of E.On Ruhrgas. -
12/03/2007 -- MARKET WATCH: Crude futures price falls below $90/bbl
On Nov. 30 the front-month crude futures contract dropped below $90/bbl for the first time in a month amid conflicting concerns that OPEC will increase production at this week's meeting. -
11/30/2007 -- MARKET WATCH: Oil prices up slightly; oil pipelines restarted
Crude prices increased slightly Nov. 29 on the New York market as Enbridge Energy Partners LP, Houston, reopened three of four oil pipelines that were shut in following an explosion and fire. -
11/30/2007 -- Oilexco has senior management changes
Oilexco Inc., Calgary-based UK North Sea operator, said Gerry Roe has retired as its chief operating officer and remains a director of Oilexco North Sea Ltd. -
11/30/2007 -- US House bill taking shape with CAFE, renewables focus
US House Democrats are moving toward energy legislation containing stiffer automotive fuel efficiency requirements and a higher renewable fuel standard. -
11/30/2007 -- El Paso unit buys stake in Gulf LNG terminal
El Paso Corp. subsidiary Southern Natural Gas Co. (SNG) has agreed to acquire a 50% interest in a planned LNG terminal in Pascagoula, Miss. -
11/29/2007 -- Saudis foil Al Qaeda terrorist plots, arrest 208
Saudi Arabia said it has pre-empted a terrorist attack on its oil facilities in the eastern region of the country with the arrest of eight suspects said to be linked to the Al Qaeda terrorist organization. -
11/29/2007 -- MARKET WATCH: Crude prices fall before pipeline fire tightens supply
Energy prices continued to fall with the front-month crude contract dropping nearly $4/bbl Nov. 28 on the New York Mercantile Exchange after federal officials reported the fifth draw on US oil supplies in 6 weeks. -
11/29/2007 -- Iraq minister firm: Oil deals with KRG illegal; Exports barred
Iraqi Oil Minister Husayn Al Shahristani has defended his country's efforts to prevent international oil companies from signing exploration and production contracts with the Kurdish Regional Government.
