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General Interest 2007 P
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11/01/2007 -- MARKET WATCH: 'Mother of all stock draws' hikes crude to $95/bbl
Crude futures prices soared above a record $95/bbl in after-hours trading Oct. 31, leaving the market posed for possible $100/bbl oil in the near future. -
11/01/2007 -- Court backs Anadarko in deepwater lease case
A federal judge in Louisiana has supported Anadarko Petroleum Corp.'s claim that the US Minerals Management Service lacked authority to collect royalty on deepwater leases issued in 1996-2000. -
11/01/2007 -- Onshore drilling threatens environment, House panel told
Onshore oil and gas activity in the Rocky Mountains is threatening public health and the environment in producing areas, witnesses told a US House committee on Oct. 31. -
10/31/2007 -- New Times to buy two Argentina oil fields
New Times Group Holdings Ltd., a Hong Kong property and financial investment company, plans to acquire two oil fields in Argentina for $10 billion (HK). -
10/31/2007 -- NPRA elects executive committee members for 2008
The National Petrochemical & Refiners Association at its recent board meeting has elected several members to its executive committee. -
10/31/2007 -- NEB: Canadian oil, gas inventories 'adequate' for winter
Supplies of heating oil and natural gas will be adequate for this winter, Canada's National Energy Board reported. -
10/31/2007 -- PTTEP confirms $2.9 billion capital budget for Bongkot
The consortium led by PTTEP confirmed a capital budget of more than $2.94 billion to further develop its offshore Bongkot gas structures. -
10/31/2007 -- MARKET WATCH: Crude prices fall in profit taking
Crude prices tumbled Oct. 30, ending a five-session climb to record highs, after Goldman Sachs Group Inc., New York, advised investors to close their long positions in the futures market and take profits from the recent rally. -
10/30/2007 -- US Supreme Court to hear Exxon Valdez punitive damages appeal
The US Supreme Court agreed to hear an appeal of the $2.5 billion punitive damages award stemming from the 1989 grounding of the Exxon Valdez tanker and resulting oil spill in Alaska's Prince William Sound. -
10/30/2007 -- MARKET WATCH: Crude record prices top $93/bbl
The December contract for benchmark US crudes climbed to record highs above $93/bbl Oct. 29 on the New York market. -
10/29/2007 -- MARKET WATCH
Crude futures price continues climbing
The front-month contract for benchmark US crudes continued to climb, topping $92/bbl in regular trading Oct. 26 on the New York Mercantile Exchange. -
10/29/2007 -- Venezuela okays Harvest Vinccler's mixed company
Harvest Vinccler SCA (HVSCA), a unit of Natural Resources Inc., said Venezuelan President Hugo Chavez signed a transfer decree finalizing a long-awaited mixed company. -
10/29/2007 -- Lundin acquires stake in block off Cambodia
Lundin Petroleum AB has acquired a 34% interest in 5,559 sq km Block E in the Pattani basin off Cambodia. -
10/29/2007 -- Sudanese government dismisses threats on oil fields
The Sudanese government has dismissed threats to attack oil fields made by rebels of the Justice and Equality Movement who claim to have carried out one assault already. -
10/29/2007 -- Total to acquire Browse basin interests
Total has agreed to acquire from ConocoPhillips WA Exploration Pty. Ltd. 40% interests in three offshore exploration permits northeast of Ichthys gas field in Australia's Browse basin. -
10/29/2007 -- UK supply-security study confident about gas imports
The UK will have sufficient capacity in LNG terminals and natural gas pipelines to receive gas imports in the medium term, but price will determine if gas is sent to the country, a new government report concluded. -
10/26/2007 -- MARKET WATCH: Crude hits record levels above $90/bbl
The front-month crude contract jumped to new highs well above $90/bbl Oct. 25 in the New York market as rising political conflict triggered a threat by the speaker of Iraq's parliament to cut off oil exports through Ceyhan, Turkey. -
10/26/2007 -- MegaWest Energy to acquire land in Montana
MegaWest Energy USA, an independent focused on heavy oil, has acquired an interest in over 33,000 acres of land in Montana from a group of three private companies. -
10/26/2007 -- Alberta raises royalty rates but rejects oil sands tax
Alberta will raise royalty rates on production of oil, gas, and oil sands—but not by as much as a provincial advisory panel recommended last month. -
10/26/2007 -- BP agrees to record settlement with CFTC, will pay other fines
BP Products North America has agreed to pay $303 million in fines to settle charges that it manipulated propane markets in February 2004 and April 2003, the US CFTC announced.
