10/31/2008
-- Nexen CEO to retire; Romanow ascends to position Nexen Inc. has appointed Marvin Romanow president and chief executive officer and a director, effective Jan. 1, 2009. Romanow has been chief financial officer since 1998 and was promoted to executive vice-president in 2001.
10/31/2008
-- Royal Dutch Shell appoints chief executive Royal Dutch Shell PLC appointed Peter Voser as chief executive, effective July 1, 2009. He has served as chief financial officer and a director of the board since October 2004.
10/31/2008
-- Capital spending cuts delay oil sands projects Suncor Energy Inc. and Petro-Canada are trimming their capital expenditure budgets and delaying some of the plans for their oil sands production projects next year.
10/31/2008
-- BLM finalizes fee schedule for public land rights-of-way The US Bureau of Land Management announced final regulations on Oct. 30 for rental fees for rights-of-way across public land. The changes aim to more accurately reflect changes in land values over the past 2 decades, it said.
10/31/2008
-- Dingell, Boucher and Stupak request more information from CFTC US House Energy and Commerce Committee Democrats on Oct. 24 asked the Commodity Futures Trading Commission new questions about the potential impact of unregulated energy commodity swaps and futures on prices.
10/31/2008
-- EPA fines Maine oil products firm for spill control violations A Maine oil products distributor will pay an $8,000 fine for not adequately preparing and installing spill prevention, control and countermeasure plans at two of its facilities, the US Environmental Protection Agency said on Oct. 28.
10/31/2008
-- Sustainability issues hit close to home on America's Energy Coast When voter unrest over $4/gal gasoline prices made Congress consider expanding US offshore oil and gas development late last summer, one group already was asking specific questions about the US coastal area where a lot of energy development has taken place already.
10/31/2008
-- Agencies use oil products in alternative fueled vehicles, GAO says Federal government agencies are meeting requirements to acquire vehicles which can use alternative fuel, but are running them on petroleum products, the Government Accountability Office said on Oct. 23.
10/30/2008
-- AGL sells Papua New Guinea assets AGL Energy has executed sales agreements for its Papua New Guniea oil and gas assets to an undisclosed international oil and gas company for a total of $1.1 billion (Aus.).
10/30/2008
-- MARKET WATCH: Energy prices rebound as Fed cuts rates Energy prices rebounded Oct. 29, with crude surging in the highest 1-day percentage gain since June, as the Federal Open Market Committee lowered its target for overnight interest rates by a half point to 1%.
10/30/2008
-- NEB: Economic uncertainty dominates winter outlook Canada has sufficient oil and natural gas supplies to meet winter demand, although price volatility is likely, the National Energy Board said.
10/29/2008
-- Malaysia downplays territorial dispute with Indonesia Malaysia, attempting to downplay recent concerns about a possible military conflict with Indonesia, said the Bukat Block, operated by Eni, falls outside the territory disputed with Indonesia.
10/29/2008
-- Financial meltdown threatens Nigeria gas development News reports from Nigeria indicate that the current global financial meltdown is threatening Nigeria's December deadline for developing its natural gas antiflaring program.
10/29/2008
-- MARKET WATCH: Prices fall as market ignores OPEC Energy prices fell Oct. 28 for the third consecutive session, with oil exploring new 17-month lows in intraday trading as markets continued to ignore OPEC's 1.5 million b/d production cut.
10/29/2008
-- BG Group makes bid for Queensland Gas BG Group has made an expected takeover bid for Brisbane-based coalseam methane producer Queensland Gas, offering shareholders $5.75 (Aus.)/share (OGJ Online, Oct. 27, 2008).
10/29/2008
-- Southwestern Energy appoints senior vice-president Southwestern Energy Co. has appointed Jeffrey B. Sherrick as senior vice-president, exploitation, of its subsidiaries SEECO Inc. and Southwestern Energy Production Co.