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General Interest 2007 P

  • 01/10/2007 -- EC proposes legislation to enforce utility unbundling
    The European Commission has proposed enforcing full ownership unbundling of gas and electricity infrastructure via new legislation as one of its measures to help facilitate an internal energy market in Europe.
  • 01/11/2007 -- MARKET WATCH
    Crude prices reach new 18-month lows

    The February contract for benchmark US light, sweet crudes broke through former market support at $55/bbl to close at $54.02/bbl, down $1.62 for the day, after trading at $53.44-55.81/bbl Jan. 10 on the New York Mercantile Exchange.
  • 01/11/2007 -- Total makes executive management changes
    Philippe Boisseau, Total SA senior vice-president, exploration and production, and president, Middle East, has been appointed president of Total Gas & Power.
  • 01/12/2007 -- MARKET WATCH
    Crude prices fall below $52/bbl

    Crude futures prices tumbled below $52/bbl Jan. 11 on the New York market to the lowest level since May 2005.
  • 01/15/2007 -- CNPC International to buy EnCana's Chad holdings
    CNCP International (Chad) Ltd., a subsidiary of China National Petroleum Corp., is buying EnCana Corp.'s exploration assets in Chad for $202.5 million.
  • 01/15/2007 -- House Democrats' bill to repeal oil, gas tax incentives
    US House Democrats introduced legislation on Jan. 12 to repeal a pair of oil and gas tax incentives and put pressure on holders of Gulf of Mexico deepwater leases issued in 1998 and 1999 without price thresholds to renegotiate terms.
  • 01/15/2007 -- MARKET WATCH
    Energy prices regain some of earlier loss

    Energy prices climbed Jan. 12 ahead of an arctic cold front pushing into the western US and a 3-day weekend holiday commemorating civil rights leader Martin Luther King Jr.
  • 01/15/2007 -- EBRD withdraws financial support for Sakhalin-2
    The European Bank for Reconstruction & Development (EBRD) will not offer financial support for the controversial Sakhalin-2 oil and gas project in Russia following the change in majority control of Sakhalin Energy Investment Co. (SEIC), the company behind the $20 billion proposal.
  • 01/15/2007 -- Browne to step down as BP chief executive
    BP PLC Chief Executive John Browne reported he would retire from his post at the end of July. Tony Hayward, BP chief executive of exploration and production, has been appointed to succeed Browne in the role.
  • 01/15/2007 -- CITIC sells half of Nations Energy to KazMunaiGaz
    Kazakhstan state-owned KazMunaiGaz reported it will purchase a 50% stake in Nations Energy Co., Calgary, from China's CITIC Group for $955 million under an agreement of principles signed by the firms Dec. 29.
  • 01/15/2007 -- Habanero to buy stake in six Athabasca oil sands sections
    Habanero Resources Inc., Vancouver, BC, acquired 50% ownership in six Athabasca oil sands sections in Alberta covering 3,795 contiguous acres.
  • 01/15/2007 -- Shell mulls the sale of three French refineries
    Royal Dutch Shell PLC said it is conducting a "strategic review" of a number of its refining and petrochemicals feedstock assets, which includes three of its French refineries.
  • 01/16/2007 -- MARKET WATCH
    Weather drives energy prices as OPEC mulls action

    Crude prices fell in early trading Jan. 16, giving back much of the gains from Jan. 12, as the New York Mercantile Exchange resumed operations after a 3-day weekend holiday commemorating civil rights leader Martin Luther King Jr.
  • 01/16/2007 -- ADNEC unit acquires N. Sea assets from Talisman
    Abu Dhabi National Energy Co. unit TAQA Bratanit Ltd. has acquired from Talisman Energy (UK) the company's nonoperated Brae field interest in the UK North Sea for $550 million.
  • 01/17/2007 -- MARKET WATCH
    Natural gas prices rise as winter storm rages

    Crude prices dropped below $52/bbl Jan. 16, but natural gas futures continued to climb with a winter storm that stretched from Mexico to Maine as an Arctic cold front collided with wet air from the Gulf of Mexico, coating much of the nation with ice.
  • 01/17/2007 -- Total's Desmarest sees oil price remaining volatile
    Total SA Chairman and Chief Executive Thierry Desmarest says the recent oil price decline is caused by warm weather and energy conservation beginning in the wake of recent high oil prices.
  • 01/17/2007 -- BP's US safety culture draws fire in independent review
    BP's US refinery and corporate safety culture has been severely criticized in a report by an independent review panel investigating the explosion last March that killed 15 people and left 170 people injured at BP's Texas City refinery.
  • 01/17/2007 -- Lehman Bros.: Jack up day rates remain static in GOM
    Despite the continued mobilization abroad of jack up rigs, day rates for those remaining units in the US Gulf of Mexico will stick at current lower levels vs. a recovery to the higher rental rates of early 2006, said Angeline M. Sedita with Lehman Brothers Inc., New York.
  • 01/18/2007 -- Asia-Pacific area countries join in energy security pact
    Australia, New Zealand, and 14 Asian countries have agreed to consider the possibility of establishing a regional fuel stockpile among a number of suggested ways to hold and store oil reserves.
  • 01/18/2007 -- Global climate change initiatives seen increasing gas demand
    US policymakers should expect heavier natural gas demand growth if they embrace alternatives to address global climate change, trade association executives said on Jan. 17.

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