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General Interest 2007 P
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11/13/2007 -- WEC: Prodi urges producer-consumer cooperation
Italy's Prime Minister Romano Prodi called for producer-consumer cooperation and attention to climate change at the opening of the World Energy Congress (WEC). -
11/13/2007 -- WEC: ExxonMobil to start LNG terminal off Italy next year
The 6 million-tonne/year North Adriatic LNG terminal off Italy is expected to start up next year, according to Rex Tillerson, ExxonMobil Corp. chairman and chief executive officer. -
11/13/2007 -- MARKET WATCH: Oil futures prices pull back on lower demand forecast
Oil futures prices continued to pull back Nov. 12 following reports that the IEA had revised downward by 500,000 b/d its forecast for global oil demand for the fourth quarter. -
11/13/2007 -- WEC: Eni chief criticizes Italy's nuclear stance
Italy was mistaken to move away from nuclear power, a move that has resulted in tremendous cost to electricity users, Paolo Scaroni, chief executive of Eni SPA, said at a press conference at the World Energy Congress. -
11/13/2007 -- WEC: Eni's Scaroni says Europe runs risk of gas shortage
Paolo Scaroni, chief executive of ENI, called for a reduction of natural gas in Europe's energy mix to ensure that Europe does not suffer a shortage. -
11/13/2007 -- Petrobras to buy Japan refinery from ExxonMobil
Petrobras has entered into an agreement with TonenGeneral Sekiyu Kabushiki Kaisha to buy an 87.5% interest in the Japanese company Nansei Sekiyu Kabushiki Kaisha for about $50 million. -
11/12/2007 -- MARKET WATCH: Energy prices rebound as political tension rises in Pakistan
Crude prices rebounded Nov. 9, making up most of the losses of the previous two sessions on the New York futures market amid fears that increased tension in Pakistan may threaten already tightening oil supplies. -
11/12/2007 -- WEC: World will need to double energy supplies by 2050
The world will have to double its energy supplies by 2050 to meet global demand, according to a new study published by the World Energy Council. -
11/12/2007 -- WEC: TNK-BP calls on Russia to change tax regime
Russia will have to change its tax regime if it is to attract future investment from energy companies, a senior figure from TNK-BP said. -
11/09/2007 -- US senators press Bush on deepwater royalties
Forty-three US senators asked President Bush what steps the administration will take to recover several billion dollars of apparently lost federal deepwater offshore royalties. -
11/09/2007 -- House GOP members demand energy bill with 'energy in it'
Having been excluded from energy bill discussions, US House Republicans said they are counting on "fossil fuel Democrats" to safeguard 2005 EPACT provisions designed to increase domestic oil and gas production. -
11/09/2007 -- MARKET WATCH: Crude prices retreat again
The New York Mercantile Exchange broke out of its recent seesaw pattern with front-month benchmark crude trading down Nov. 8 for the second consecutive session. -
11/09/2007 -- Pioneer makes several executive appointments
Pioneer Natural Resources Co., Dallas, announced three executive appointments related to continued expansion of its operations in the US, South Africa, and Tunisia. -
11/09/2007 -- Citgo parts with two US asphalt refineries
Citgo Petroleum has agreed to sell two asphalt refineries in Paulsboro, NJ, and Savannah, Ga., and a terminal in Wilmington, NC., to NuStar Asphalt Refining. -
11/08/2007 -- MARKET WATCH: Crude pulls back from $98/high
Crude futures prices slipped back Nov. 7 from the previous day's closing, but not before hitting an all-time high of $98.62/bbl in overnight electronic trading. -
11/08/2007 -- Colonial CEO describes workforce recruitment, retention challenges
The nation's largest oil products pipeline system faces the impending retirement of a quarter of its workforce and competition from other industries for new employees as it prepares a large expansion of operations, its chief executive told a US Senate committee on Nov. 6. -
11/08/2007 -- US gas reserves climbing as oil falls again
US proved reserves of gas were up 3.3% in 2006 compared with 2005, natural gas liquids reserves were up 3.8%, and crude oil reserves fell 3.6%, the Energy Information Administration reported. -
11/08/2007 -- Penn West Energy to acquire Canetic Resources
Penn West Energy Trust announced that it would buy fellow Canadian trust Canetic Resources Trust. The combined company, to be called Penn West, will have production of 200,000 boe/d. -
11/08/2007 -- Chesapeake to buy more Barnett shale acreage
Chesapeake Energy Corp. plans to acquire 2,000 net undeveloped leasehold acres in Barnett shale in Tarrant County, Tex., from Western Production Co. -
11/08/2007 -- Former senator sees pitfalls in deepwater royalty measure
A former US senator who helped formulate federal deepwater leasing incentives in the early 1990s warned that imposing price thresholds now on 1998-99 Gulf of Mexico leases could create major legal problems.
