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General Interest 2007 P

  • 01/18/2007 -- API to Congress: Resist politically expedient energy fixes
    The US Congress must resist the temptation to pass energy legislation that may be politically popular now but create serious long-term damage, American Petroleum Institute Pres. Red Cavaney said Jan. 17.
  • 01/18/2007 -- MARKET WATCH
    NY crude futures price rallies from 20-month low

    After hitting a 20-month low of $50.28/bbl in intraday trading, the February crude futures contract rebounded above $52/bbl Jan. 17 on the New York market as traders triggered a late rally as they scrambled to cover short positions.
  • 01/18/2007 -- WWF urges institutions to forgo Sakhalin-2 funding
    The World Wildlife Fund has urged international lending institutions to follow the lead of the European Bank for Reconstruction & Development and not provide loans for the Sakhalin-2 project due to environmental concerns.
  • 01/18/2007 -- BG sells Mauritania interests for $128 million
    BG Group PLC has sold its interests in Mauritania, West Africa for $128 million, transferring Mauritania Holdings BV to Kuwait Foreign Exploration Co.
  • 01/18/2007 -- Grove Energy makes management changes
    Grove Energy Ltd., Vancouver, BC, has appointed Glenn Whiddon executive chairman.
  • 01/19/2007 -- House passes repeal of oil, gas incentives
    The House passed a bill repealing oil and gas incentives, pressuring holders of controversial deepwater leases to renegotiate, and funding energy efficiency and alternatives research.
  • 01/19/2007 -- China promotes biofuels as energy alternatives
    Promoting biofuels as an alternative to petroleum products, the Chinese government has set a goal of producing 2 million tonnes/year of biofuels by 2010 and 10 million tonnes/year by 2020, reported analyst Lijuan Wang of FACTS Inc., Honolulu.
  • 01/19/2007 -- MARKET WATCH
    Crude punches through $50/bbl floor in New York

    The February contract for benchmark US light, sweet oil briefly broke through the $50/bbl floor to a new 20-month low in intraday trading Jan. 18 on the New York market.
  • 01/19/2007 -- API: US oil demand declined 1.1% in 2006
    Higher prices and warmer weather helped US oil demand drop last year despite strong growth in diesel fuel demand, the American Petroleum Institute said on Jan. 19.
  • 01/22/2007 -- MARKET WATCH
    Energy prices continue to fluctuate

    Energy prices continued to seesaw, rising Jan. 19 to recoup most of the previous day's losses as traders covered short positions ahead of the weekend and National Weather Service forecasts for lower-than-normal temperatures Jan. 24-28 in the eastern US.
  • 01/22/2007 -- Myanmar delays gas exports to certify reserves
    Myanmar will delay any decision on exporting natural gas to India pending the full certification of reserves in its offshore fields.
  • 01/22/2007 -- White House has mixed review of House energy bill
    The Bush administration supports repealing certain tax provisions favoring oil and gas and encouraging holders of deepwater GOM leases issued in 1998-99 without price thresholds to voluntarily renegotiate terms.
  • 01/22/2007 -- Russia, Algeria agree to energy cooperation
    State oil firm Sonatrach is interested in exploring four Russian gas fields after discussing energy cooperation with representatives from OAO Gazprom in Algeria Jan 21.
  • 01/23/2007 -- Kurds say Iraq draft oil law not yet finalized
    Kurdish officials have dismissed the idea that Iraq's main political factions have overcome their differences on a draft oil law and said a final agreement could be some time away.
  • 01/23/2007 -- TC Pipelines reports management changes
    TC PipeLines LP, a subsidiary of TransCanada Corp., appointed Mark Zimmerman as president.
  • 01/23/2007 -- Sterling to acquire Whittier Energy
    UK independent Sterling Energy PLC has agreed to acquire Whittier Energy Corp. of Houston for $145 million and the assumption of $43 million in debt.
  • 01/23/2007 -- MARKET WATCH
    Crude prices decline; natural gas hits 5-week high

    Predictions of cold weather in the US Northeast through the first week of February boosted intraday prices for the front-month natural gas contract to a 5-week high Jan. 22 on the New York market.
  • 01/23/2007 -- Total boosts Indonesia investment to $6 billion
    Total SA will invest $6 billion in Indonesia over the next 5 years, Total Chairman and CEO Thierry Desmarest said on a visit to that country where he met with Indonesian President Susilo Bambang Yudhoyono.
  • 01/23/2007 -- Greehey steps down as Valero chairman
    Valero Energy Corp. Chairman Bill Greehey has stepped down and has resigned from the company's board of directors.
  • 01/23/2007 -- Nippon Oil, SK form business alliance
    Nippon Oil Corp. and South Korean oil refiner SK Corp. will form a 10-year capital and business alliance under which each firm will spend ¥12 billion to purchase an initial 1% stake in the other.

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