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General Interest 2008 P13

  • Wed Jan 30 15:01:00 CST 2008 -- Interior orders mineral royalty reforms after report
    US Interior Secretary Dirk A. Kempthorne ordered immediate implementation of recommended mineral management reforms that can be carried out administratively.
  • Thu Jan 31 16:01:00 CST 2008 -- MARKET WATCH: Crude prices climb as lending rate is cut
    Crude prices kept climbing for a fifth consecutive session as the Federal Open Market Committee cut its benchmark lending rate by half a percentage point to 3% Jan. 30.
  • Fri Feb 01 00:02:00 CST 2008 -- 'If we want to get beyond petroleum, we have to stop subsidizing it.'
    Sen. Maria Cantwell (D-Wash.), responding to energy points President Bush raised in his 2008 State of the Union address on Jan. 28.
  • Fri Feb 01 00:02:00 CST 2008 -- A clash over California's greenhouse gas waiver request
    Senate Environment and Public Works Committee Chairwoman Barbara Boxer (D-Calif.) did not hide her displeasure with Environmental Protection Agency Administrator Stephen L. Johnson at a Jan. 24 hearing.
  • Fri Feb 01 11:02:00 CST 2008 -- Boxer blasts FWS for delay on polar bear decision
    US Sen. Barbara Boxer (D-Calif.) charged that the US Fish and Wildlife Service is dragging its feet in deciding whether to list the polar bear as an endangered species.
  • Fri Feb 01 11:02:00 CST 2008 -- OWA: Nigeria needs to support local businesses
    Nigeria should financially support indigenous companies in the oil industry to ensure that Nigerians can participate in its development, a senior academic has suggested at the Offshore West Africa Conference.
  • Fri Feb 01 11:02:00 CST 2008 -- MARKET WATCH: Crude prices fall, ending 5-day rally
    Crude prices fell Jan. 31, ending a 5-day rally on the New York market as the government reported the largest weekly increase in US unemployment claims in more than 2 years.
  • Fri Feb 01 11:02:00 CST 2008 -- KNOC buys Tullow's stake in M'Boundi oil field
    Korea National Oil Co. has acquired Tullow Oil PLC's 11% interest in M'Boundi oil field in Congo (Brazzaville) for $435 million.
  • Fri Feb 01 11:02:00 CST 2008 -- Suncor spending plans outline oil sands growth
    Suncor Energy Inc., Calgary, has approved a $7.5 billion (Can.) capital spending budget for 2008, about 80% of which will target growth in oil sands projects.
  • Fri Feb 01 18:02:00 CST 2008 -- Shell Oil's Hofmeister calls for US cap on CO2 emissions
    Shell has implemented voluntary reductions on emissions from its refineries, said Shell Oil Co. Pres. John Hofmeister who is calling for governments to set mandatory limits on greenhouse gas emissions.
  • Mon Feb 04 12:02:00 CST 2008 -- MARKET WATCH: US payrolls, energy prices fall
    Energy prices fell sharply Feb. 1, down for a second consecutive session on the New York market, after a weaker-than-expected US payroll report added to indications of a pending recession.
  • Tue Feb 05 10:02:00 CST 2008 -- MARKET WATCH: Crude rebounds above $90/bbl in New York
    The front-month crude contract rebounded above$90/bbl Feb. 4 in the New York futures market as reports of battles in Nigeria and Iraq reminded traders of the vulnerability of oil supplies from those regions.
  • Tue Feb 05 16:02:00 CST 2008 -- DOI's $10.7 billion budget has environmental emphasis
    The US DOI's proposed budget for FY 2009 makes environmental protection a priority while increasing access to domestic oil and gas resources, officials said on Feb. 4.
  • Wed Feb 06 11:02:00 CST 2008 -- Iraq to benefit from higher oil revenues, report says
    The Iraqi government could earn an extra $19.2 billion in revenues this year because of higher oil prices and the revival of the country's oil industry, according to a US government report.
  • Wed Feb 06 12:02:00 CST 2008 -- MARKET WATCH: Crude prices fall on yet another bearish report
    The front-month crude contract fell below $89/bbl Feb. 5 on yet another bearish economic report that the services sector may be weaker than expected.
  • Thu Feb 07 09:02:00 CST 2008 -- Dorgan offers bill to suspend oil purchases for SPR
    US Sen. Byron Dorgan has introduced legislation that would direct Sec. of Energy Samuel Bodman to temporarily suspend SPR purchases when oil prices are near record-high levels.
  • Thu Feb 07 12:02:00 CST 2008 -- MARKET WATCH: Large inventories push prices lower
    Oil prices continued to fall Feb. 6 after the US EIA reported the largest 1-week gain in commercial US inventories since March 2004 as refiners slowed operations in the face of weak margins and oil imports climbed.
  • Thu Feb 07 14:02:00 CST 2008 -- Origin Energy takes full ownership of Otway fields
    Sydney's Origin Energy has acquired Woodside Petroleum's 62.5% interest in near-shore Otway basin Permit Vic/P37 off western Victoria for $13.6 million (Aus.).
  • Fri Feb 08 00:02:00 CST 2008 -- Evaluating the renewable fuel standard's energy market impacts
    The Senate Energy and Natural Resources Committee will examine energy market effects of the recently enacted renewable fuel standard Feb. 7 at 9:30 a.m. in Room 366 of the Dirksen Senate Office Building.
  • Fri Feb 08 01:02:00 CST 2008 -- Iraq, Kurdistan continue row over oil contracts
    Disagreement over the development of Iraq's oil and gas persists between the country's central government in Baghdad and the Kurdish Regional Government (KRG), as both sides continue to insist on their respective rights.

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