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General Interest 2007 P4

  • 05/01/2007 -- Oxy swaps Horn Mountain interest to BP
    Oxy will swap its third interest in the Horn Mountain development project in the Gulf of Mexico to BP in exchange for properties adjacent to Oxy's Permian basin operations in West Texas and southeast New Mexico.
  • 05/16/2007 -- Dune Energy acquires Goldking Energy
    Dune Energy Inc., Houston, completed the $320.5 million purchase of the stock of Goldking Energy Corp, Houston.
  • 05/21/2007 -- Oxy unit to buy Anadarko's Qatar operations
    A subsidiary of Occidental Petroleum Corp. has agreed to acquire Anadarko Petroleum Corp.'s interest in Anadarko Qatar Energy Co. LLC and Anadarko Resources Co. for $350 million.
  • 05/25/2007 -- Delek to buy Chevron units' fuel marketing business
    Delek Benelux BV agreed to buy a fuel marketing business from Chevron Corp.'s subsidiaries in Belgium, the Netherlands, and Luxembourg for $460 million.
  • 06/08/2007 -- Illinois-Gulf Coast crude line under study
    Enbridge Inc. and ExxonMobil Pipeline Co. are studying a crude oil pipeline that would connect refining centers on the US Gulf Coast with production in the oil sands region of Alberta.
  • 06/18/2007 -- Hungary seeks LNG from Indonesia
    The Hungarian government, as part of a wider effort to diversify the country's energy sources away from Russia, has approached Indonesia seeking LNG supply purchases.
  • 06/01/2007 -- BTC oil pipeline could see capacity increase
    The Baku-Tbilisi-Ceyhan oil pipeline could see its capacity increase by some 60% from its current limits in 4 years due to expected throughput from Kazakhstan, according to a senior company official.
  • 06/19/2007 -- MARKET WATCH: Nigerian unrest raises crude prices
    Continued civil unrest in Nigeria caused the front-month crude contract to jump above $69/bbl June 18 on the New York market to the highest price level since mid-September.
  • 06/29/2007 -- Loss of three companies could hurt Venezuelan investment
    The withdrawal of ExxonMobil Corp., ConocoPhilips, and Petro-Canada from Venezuela under government pressure to nationalize private industry in that country could potentially limit the development of four heavy-crude projects, which could produce 600,000 b/d from the Orinoco reserve, analysts say.
  • 06/26/2007 -- MARKET WATCH: Energy prices mixed on indecisive markets
    Energy prices were mixed June 25, with crude prices first falling on news of the end of a general strike in Nigeria and then rebounding on reports of setbacks in the Venezuelan government's attempts to take control of heavy oil projects in that country while keeping as partners the major international oil companies that have been operating those projects.
  • 06/19/2007 -- American names Loeffler vice-president exploration
    American Oil & Gas Inc., Denver, has appointed Peter Loeffler vice-president of exploration and development.
  • 06/01/2007 -- Whiting Petroleum makes several promotions
    Whiting Petroleum Corp., Denver, has promoted several members of its operations team.
  • 06/05/2007 -- Leor Energy invests in Navasota Energy
    Leor Energy LP, Houston, made a substantial equity investment in Navasota Resources Ltd. LLP, expanding Leor's position in the East Texas Deep Bossier gas play to 190,000 acres.
  • 06/04/2007 -- Dominion sells oil, gas assets in deals totaling $6.5 billion
    Loews Corp. and XTO Energy Inc. agreed to buy certain oil and natural gas producing properties in two separate deals from Dominion Resources Inc. for a total of $6.5 billion.
  • 06/28/2007 -- Hess to halt drilling of deepwater gulf Pony-2 well
    Hess Corp. plans to interrupt drilling of its Pony-2 well on Green Canyon Block 468 in the deepwater Gulf of Mexico for a required rig inspection.
  • 07/09/2007 -- Ecuador accuses Petrobras of illegal transfers
    Brazil's Petrobras—accused of illegally transferring 40% of its Ecuadorian operations to Japan's Teikoku Oil in 2005—has denied irregularities in its operations in the South American country.
  • 07/24/2007 -- MARKET WATCH: Crude, natural gas prices fall moderately
    The new front-month crude contract fell below $75/bbl July 23 while natural gas plunged 6% to its lowest closing since December on the New York futures market.
  • 07/18/2007 -- NPC report: All energy options should be pursued
    Every option will need to be pursued if the world expects to meet its growing energy demand through 2030, the National Petroleum Council concluded in a recent study.
  • 07/10/2007 -- Forest Oil names Nutt regional vice-president
    Forest Oil Corp. has appointed Ronald C. Nutt vice-president, southern region.
  • 07/02/2007 -- Stone Energy appoints exploration vice-president
    Stone Energy Corp. has appointed Richard L. Smith vice-president of exploration and business development.

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