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General Interest 2007 P
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11/19/2007 -- Argentina to hike taxes on oil, products exports
Argentina plans to increase taxes on exported oil and refined products to keep domestic prices at below-market levels, according to a statement issued by the ministry of planning. -
11/19/2007 -- OPEC discusses carbon capture for reducing GHGs
Members of the Organization of Petroleum Exporting Countries discussed carbon capture and storage (CCS) during a Nov. 17-18 meeting in Riyahd. -
11/19/2007 -- Shell contemplating GHG science
Long-term storage logistics, support facilities for sequestration, public acceptance, and consistent regulations are just as critical as technology to making carbon capture and storage a reality, said a Shell scientist. -
11/19/2007 -- MARKET WATCH: Crude contract expires above $95/bbl
The price of the expiring December contract for benchmark US crude rebounded Nov. 16 above $95/bbl on the New York market where traders worried about Middle East tensions and the weak US dollar, with a slow week ahead because of the Nov. 22 US Thanksgiving holiday. -
11/16/2007 -- MARKET WATCH: Surprise inventory increase cuts energy prices
Energy prices pulled back Nov. 15 after EIA reported the first build in US oil inventories in 4 weeks and OPEC reduced its growth forecasts for global oil demand. -
11/15/2007 -- Devon divests all oil, gas assets off Gabon
Oranje-Nassau Groep BV subsidiary Oranje-Nassau Energie BV has agreed to acquire all of Devon Energy Corp.'s oil and gas interests off Gabon for $205.5 million. -
11/15/2007 -- MARKET WATCH: Energy prices rebound in uncertain market
Crude futures prices rebounded Nov. 14, recouping much of the losses from two previous trading sessions, as an uncertain market refocused on forecasts of a fourth consecutive weekly counter-seasonal draw of US oil inventories. -
11/15/2007 -- Chevron to pay $30 million to settle Iraq bribe charges
Chevron agreed to pay $30 million to settle charges that it violated the FCPA by allowing kickbacks to be paid to the Iraqi government during 2001-02, the US SEC said on Nov. 14. -
11/15/2007 -- Centrica unit buying Rockyview Energy
A subsidiary of UK-based Centrica PLC agreed to buy Canadian oil and gas company Rockyview Energy Inc. for $113 million (Can.), including assumed debt. -
11/15/2007 -- Former Aramco geophysicist joins university
Christopher L. Liner, most recently with Saudi Aramco's EXPEC Advanced Research Center in Dharan, has joined the University of Houston as professor of geophysics. -
11/14/2007 -- Bush includes energy among Congress's 'unmet priorities'
Calling it "another priority that Congress has failed to meet," US President Bush criticized federal lawmakers on Nov. 13 for failing to act on energy proposals he outlined in his Jan. 23 State of the Union address. -
11/14/2007 -- WEC: Saudi Aramco chief dismisses peak oil fears
The global oil industry should aim to produce at least 3 trillion bbl from conventional recoverable resources in known fields and discoveries over the next several decades, according to the head of Saudi Aramco. -
11/14/2007 -- MARKET WATCH: Crude falls more than $3/bbl to 2-week low
The front-month crude futures contract dropped more than $3/bbl to the lowest level in nearly 2 weeks Nov. 13 on the New York market. -
11/14/2007 -- As oil prices rise, independents urge Congress to change course
As oil prices approach $100/bbl, eight associations representing US independent producers asked Congress to consider the consequences of passing legislation that would further reduce US supplies. -
11/14/2007 -- WEC: Huge energy investment needs seen for China, India
China will need $3.7 trillion worth of investment for energy projects by 2030, India's secretary for power said Nov. 14 at the World Energy Congress in Rome. -
11/14/2007 -- WEC: Russia's gas supplies to Europe face risk, Gazprom chief warns
A Gazprom executive warned that Russian gas supplies to Europe face a serious risk because of the EC's proposals to separate ownership of gas and power production from distribution. -
11/14/2007 -- PTTEP cuts capex as dollar weakens against baht
The appreciation of Thailand's baht against the dollar has enabled PTT Exploration & Production to slash its capital expenditure in 2007-11 by 10% to 281 billion baht ($8.26 billion). -
11/14/2007 -- Energy bills would cost $1 trillion, 5 million jobs, study says
Energy legislation currently before the 110th Congress would cost nearly 5 million jobs and drain $1 trillion from the US economy, a study commissioned by API concluded on Nov. 13. -
11/13/2007 -- Canadian outfits to form Pacific Rubiales
Colombian operators Pacific Stratus Energy and Petro Rubiales Energy plan to merge as Pacific Rubiales Energy Corp. in a deal worth $2.5 billion (Can.). -
11/13/2007 -- Analyst predicts oil-price decline next year
Oil prices will decline as demand for oil from the Organization of Petroleum Exporting Countries flattens or recedes in 2008, says Michael Lynch, president of Strategic Energy & Economic Research.
