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General Interest 2008 P

  • Wed Dec 31 14:12:00 CST 2008 -- Ukraine to pay Russia $1.5 billion for gas supplies
    Ukraine's state-owned Naftogaz said Dec. 30 it will pay the $1.5 billion it owes RusUkrEnergo, the Swiss-based gas trading firm used by Russia's Gazprom to supply gas to Ukraine.
  • Wed Dec 31 06:12:00 CST 2008 -- Centrica acquires Peik field from Bow Energy
    Centrica PLC has agreed to pay Bow Valley Energy Ltd. $30 million in cash for its 66.67% interest in Peik natural gas-condensate field in the UK North Sea. The deal adds to Centrica's existing stake in the Norwegian portion.
  • Tue Dec 30 18:12:00 CST 2008 -- Gas exporting countries form charter, choose Doha as base
    The Gas Exporters Countries Forum (GECF)—a group of the world's largest natural gas suppliers)—has established a charter and chosen Doha as the home for its permanent secretariat, signaling Qatar's growing importance in the natural gas market.
  • Tue Dec 30 16:12:00 CST 2008 -- Nippon merger firm to develop alternative energy
    Nippon Oil and Nippon Mining Holdings expect to reduce their newly merged entity's refining capacity while enhancing operations in alternative energy.
  • Tue Dec 30 15:12:00 CST 2008 -- France, Spain build gas interconnections; integrate markets
    France's energy regulatory commission and Spain's national energy commission have endorsed the first coordinated gas capacity allocation between France and Spain.
  • Tue Dec 30 14:12:00 CST 2008 -- Thailand's PTTEP to acquire Coogee Resources
    Thailand's state oil company PTT Exploration & Production (PTTEP) has acquired unlisted oil and gas company Coogee Resources Ltd., Perth, for $248.4 million (Aus.).
  • Tue Dec 30 14:12:00 CST 2008 -- SEC approves changes to reserves reporting requirements
    The US Security and Exchange Commission unanimously approved changes to its reporting requirements for oil and gas producers.
  • Tue Dec 30 11:12:00 CST 2008 -- China, Indonesia sign energy cooperation agreements
    Indonesia and China have signed eight energy-related agreements, valued at $3.13 billion, during the third Indonesia-China Energy Forum (ICEF) in Jakarta.
  • Mon Dec 29 13:12:00 CST 2008 -- Australian CSM players continue to consolidate
    Two takeover announcements on the eve of the Christmas break will further reduce the number of Australia's coal seam methane (CSM) players in 2009.
  • Mon Dec 29 11:12:00 CST 2008 -- BMI: US to see further oil, gas supply shortfalls
    Analyst Business Monitor International (BMI) predicts that the US will account for 89.87% of North American regional oil demand by 2012, while contributing 65.63% to its supply.
  • Mon Dec 29 10:12:00 CST 2008 -- PTT unveils 5-year, $6 billion investment plan
    Thailand's PTT PCL has approved a 5-year investment budget of $6.6 billion, with more than half of the funding earmarked for the natural gas industry.
  • Wed Dec 24 12:12:00 CST 2008 -- MARKET WATCH: Oil prices continue to fall
    Oil prices continued to fall Dec. 23 with the new front-month crude dropping below $40/bbl in thin trading in the New York futures market.
  • Tue Dec 23 13:12:00 CST 2008 -- MARKET WATCH: Energy demand, prices both plummet
    The front-month February contract for benchmark US crudes fell 6% to less than $40/bbl Dec. 22 amid market fears OPEC cannot cut production fast enough to offset plummeting oil demand.
  • Tue Dec 23 13:12:00 CST 2008 -- Two bidders disrupt BLM lease sale in Utah
    US Bureau of Land Management special agents detained two registered bidders after a Dec. 19 oil and gas lease sale in Utah was delayed briefly.
  • Tue Dec 23 10:12:00 CST 2008 -- Gazprom warns of European gas delivery cut
    Europe's gas supplies could be disrupted because of OAO Gazprom's dispute with Ukraine over unpaid bills, the company's chairman warned.
  • Mon Dec 22 15:12:00 CST 2008 -- NPRA, other groups ask EPA for more ethanol tests
    Fourteen organizations, including the National Petrochemical and Refiners Association, called on Dec. 18 for "unbiased and comprehensive testing" before the US Environmental Protection Agency permits the use of mid-level ethanol blends in engines.
  • Mon Dec 22 12:12:00 CST 2008 -- MARKET WATCH: January crude futures expire under $34/bbl
    The expiring January contract for benchmark US light, sweet crudes fell to a 4-year record-low closing under $34/bbl Dec. 19 on the New York futures market with crude storage at Cushing, Okla., up 4.7 million bbl to 27.5 million bbl, the largest amount since April 2007.
  • Sun Dec 21 06:12:00 CST 2008 -- CERA: 'Recession shock' shakes oil market
    The world oil market is being shaken by "a recession shock" that affects all conventional, alternative, and renewable energy," said the chairman of Cambridge Energy Research Associates (CERA).
  • Sat Dec 20 06:12:00 CST 2008 -- Lower E&P spending ends 6-year global rally
    Global spending for exploration and production is expected to decline 12% to $400 billion in 2009—"a reversal after 6 years of global growth," said analysts at Barclays Capital Resources, New York.
  • Fri Dec 19 12:12:00 CST 2008 -- MARKET WATCH: Crude hits 4-year low on NYMEX
    Energy markets continued to ignore the production reduction by the Organization of Petroleum Exporting Countries as the front-month crude contract sunk below $37/bbl in New York.
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