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General Interest 2008 P12

  • Thu Jan 24 12:01:00 CST 2008 -- MARKET WATCH: New front-month crude contract at 3-month low
    The front-month crude futures price tumbled to a 3-month low below $87/bbl Jan. 23 as recession fears continued to flail the market.
  • Thu Jan 24 14:01:00 CST 2008 -- MMS names two to management positions
    The US MMS has reported the appointment of two staff members to management positions in the Gulf of Mexico regional office in New Orleans.
  • Fri Jan 25 11:01:00 CST 2008 -- API: US natural gas drilling breaks record in 2007
    US oil and gas exploration and production activity remained robust during 2007 as producers drilled a record number of natural gas wells, the American Petroleum Institute said.
  • Mon Jan 28 09:01:00 CST 2008 -- New Albany due 100-well drilling program
    Aurora Oil & Gas signed a nonbinding letter of intent to acquire private Acadian Energy, which is involved in Devonian New Albany shale exploration and production in the Illinois basin.
  • Mon Jan 28 10:01:00 CST 2008 -- Hiked outlay to stress Elm Grove, Fayetteville
    Petrohawk Energy Corp., Houston, boosted its 2008 capital budget to $800 million from $700 million based on several corporate developments.
  • Mon Jan 28 11:01:00 CST 2008 -- Ecuador revises oil contracts with IOCs to gain control
    Ecuador has begun renegotiating contracts with five international oil companies in an effort to boost state control over the country's crude oil reserves.
  • Mon Jan 28 11:01:00 CST 2008 -- GE Oil & Gas to acquire Hydril Pressure Control
    GE Oil & Gas announced Jan. 28 that it has entered into an agreement to acquire the Hydril Pressure Control business from Tenaris.
  • Mon Jan 28 11:01:00 CST 2008 -- TNK-BP to sell Kovytka gas field share to Gazprom
    TNK-BP plans to complete the sale of its 63% stake in giant Kovytka natural gas field in Eastern Siberia to OAO Gazprom during the first quarter.
  • Mon Jan 28 12:01:00 CST 2008 -- MARKET WATCH: Crude prices continue to climb
    Front-month oil futures prices climbed back above $90/bbl Jan. 23, a move generally attributed to growing optimism that the government-proposed economic stimulus plan will prevent a recession in the US.
  • Mon Jan 28 15:01:00 CST 2008 -- Nigeria expects OPEC production to remain level
    Nigeria does not expect to see a change in OPEC's oil output at the forthcoming emergency meeting to be held in Vienna Feb. 1, a senior oil official said.
  • Mon Jan 28 15:01:00 CST 2008 -- Talisman to acquire CNOOC unit with Tangguh holdings
    Talisman Energy Inc. said one of its subsidiaries has acquired all the shares of CNOOC Wiriagar Overseas Ltd. from a subsidiary of CNOOC Ltd. for $212.5 million.
  • Tue Jan 29 10:01:00 CST 2008 -- Bush to Congress: Take 'next steps' in energy legislation
    While commending Congress for passing vital energy legislation in 2007, US President George W. Bush urged federal lawmakers to continue such efforts in 2008 during his seventh State of the Union address.
  • Tue Jan 29 10:01:00 CST 2008 -- Ecuador gives IOCs 'new contract' deadline
    Ecuador's President Rafael Correa, advancing a deadline mooted earlier, said Jan. 26 that IOCs operating in his country would have 45 days to accept new agreements.
  • Tue Jan 29 12:01:00 CST 2008 -- Bankers Petroleum appoint vice-president
    Bankers Petroleum Ltd. has appointed Ian McMurtrie vice-president of exploration.
  • Tue Jan 29 12:01:00 CST 2008 -- OWA: West Africa is strategic for global oil supplies
    Offshore West Africa is poised to become an important source of oil and gas supplies for global consumption, with 6.5 billion bbl of oil discovered in the last 2 years alone.
  • Tue Jan 29 12:01:00 CST 2008 -- MARKET WATCH: Oil futures prices climb for third straight session
    Crude prices increased Jan. 28 in the third consecutive session of the New York market as the value of the US dollar fell against six other major currencies.
  • Wed Jan 30 11:01:00 CST 2008 -- Nigeria, Portugal hold gas development talks
    Portugal has joined Russia, China, and India in seeking to cooperate with Nigeria in tapping into that African country's gas potential as it seeks to ramp up domestic gas utilization as a priority and develop export projects.
  • Wed Jan 30 12:01:00 CST 2008 -- MARKET WATCH: Crude futures prices continue to climb
    Crude futures prices continued climbing Jan. 29 after Syncrude Canada said subzero weather forced it to shut in production of 350,000 b/d from its oil sands operations northeastern Alberta.
  • Wed Jan 30 12:01:00 CST 2008 -- OWA: Pressure increases to bring peace to Niger Delta
    Funds of $4 billion allocated by Nigeria towards the Niger Delta for its development over the last 4-5 years have been swallowed up by increased governmental staff wages, security, and corruption, a senior official said.
  • Wed Jan 30 14:01:00 CST 2008 -- Brazil makes inroads in Cuba, inks E&P agreements
    Brazil's Petrobras has signed agreements with Cuba's Cupet for cooperation in oil and gas exploration and production, research and development, and human resource cooperation.
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