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General Interest 2007 P
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11/28/2007 -- MARKET WATCH: Market speculation undercuts energy prices
Crude prices fell more than $3/bbl Nov. 27 on the New York futures market amid speculation that an economic recession could reduce global demand for crude. -
11/28/2007 -- Kazakhstan, Eni JV near Kashagan tax agreement
Kazakhstan's Deputy Finance Minister Daulet Yergozhin said the ministry is moving forward with tax checks into the Eni-led Agip KCO consortium just days ahead of a Nov. 30 deadline. -
11/27/2007 -- Eurogas: EU to use gas as link to sustainable energy
Gas can play an important role in the 27 EU member states over the next decades as "a bridging fuel" to a sustainable energy future, said the gas trade group Eurogas. -
11/27/2007 -- Cal Dive to pay $2 million to settle US DOJ charges
Cal Dive International Inc. and its parent, Helix Energy Solutions Group Inc., agreed to pay $2 million as part of a settlement to resolve alleged violations of a 2005 consent decree, the US Department of Justice said on Nov. 26. -
11/27/2007 -- MARKET WATCH: Energy prices slip, market seeks signs from OPEC
Energy prices slipped Nov. 26 in anticipation of a possible production increase at the Dec. 5 OPEC meeting and fear that a slowing global economy will reduce demand for crude. -
11/27/2007 -- US House committee chair asks EPA about groundwater agreement
A US House committee chairman raised new questions about whether the EPA is effectively monitoring a 2003 MOA intended to eliminate injection of diesel fuel into underground drinking water. -
11/26/2007 -- Comstock to exploit South Texas gas fields
Comstock Resources Inc., Frisco, Tex., acquiring South Texas gas producing properties with 58 bcf of proved developed reserves, said it may be able to wrest another 90 bcf of gas from the properties. -
11/26/2007 -- UK's HSE criticizes North Sea energy structure
More than half of the oil and gas industry's basic assets in the UK North Sea are in poor condition, warned the UK Health and Safety Executive in a report. -
11/26/2007 -- Eni drops Burren Energy takeover
Eni SPA has terminated takeover discussions with Burren Energy PLC after the two companies failed to agree on the key terms of a recommended offer. -
11/26/2007 -- Calvalley makes several executive appointments
Calvalley Petroleum Inc., Calgary, has made several executive appointments -
11/26/2007 -- MARKET WATCH: Crude futures hit record closing above $98/bbl
The near-month crude contract climbed to a record high, closing above $98 in light trading Nov. 23 in New York, led by record prices for heating oil in the face of apparently tight supplies for the winter season. -
11/21/2007 -- MARKET WATCH: Crude futures price climbs toward $100/bbl
Crude futures prices jumped to a record closing above $98/bbl Nov. 20 then climbed above $99/bbl in early trading Nov. 21 in the New York market. -
11/21/2007 -- Court drops Ecuadorian suits against Chevron
A US Court in California has dismissed the remaining two claims against Chevron Corp. alleging health impacts to Ecuadorian citizens resulting from a subsidiary's operations that ended in 1992. -
11/21/2007 -- EC okays KazMunaiGaz purchase of Rompetrol
The European Commission has approved the acquisition of Romanian refiner and product distributor Rompetrol Group by KazMunaiGaz PKOP Investment NV. -
11/20/2007 -- Reliance-Kurdish Region deals run into trouble
India's Reliance Industries Ltd. (RIL) may find the going tough in acquiring future oil blocks in Iraq, according to Iraqi Oil Minister Hussain Al-Shahristani. -
11/20/2007 -- Canadian Imperial names Smart exploration manager
Canadian Imperial Venture Corp., St. John's, Newf., has named Warren Smart exploration manager.` -
11/20/2007 -- BP plans company-wide review of operating procedures
BP PLC, as part of its response to a series of accidents, plans next year to review the quality and safety of its operating procedures company-wide. -
11/20/2007 -- Greece-Turkey gas pipeline link inaugurated
Greece and Turkey took a step in linking Caspian Sea producers with west European consumers as their leaders inaugurated a 178-mile pipeline link that will transport gas from Shah Deniz field off Azerbaijan. -
11/20/2007 -- XTO sets $2.6 billion E&P budget for 2008
XTO Energy Inc. has set a capital budget for development and exploration of $2.6 billion for 2008 compared with its 2007 budget of $2.4 billion. -
11/20/2007 -- Ecuador resumes membership in OPEC
Ecuador has resumed its membership in the Organization of Petroleum Exporting Countries, which it left in 1992, with the arrival of President Rafael Correa at a summit of the group's leaders in Saudi Arabia.
