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General Interest 2008 P17

  • 03/04/2008 -- MARKET WATCH: Crude price nears $104/bbl
    Worries about possible inflation, a slowdown in US spending, and deterioration of the US dollar pushed oil and gold prices to new highs Mar. 3 as investors put their money into commodities.
  • 03/04/2008 -- Reid, Pelosi press Senate Republicans to support oil tax bill
    Democratic leaders in both houses of Congress used record-high oil prices to press Senate Republicans to back a House-approved bill that would shift $18 billion in tax breaks from the majors to alternative energy projects.
  • 03/05/2008 -- Ziff: Royalty hike worsens Alberta gas industry troubles
    A looming royalty increase is aggravating a "recession" in Alberta's conventional oil and gas industry, according to a veteran Calgary consultant.
  • 03/05/2008 -- Chavez warns of war plans with Colombia
    Oil production in Venezuela and Ecuador are not under any threat despite rising tensions with their neighbor Columbia, according to oil ministers from both countries.
  • 03/06/2008 -- Gentry approves $47 million capital budget
    Gentry Resources has approved a 2008 capital budget of $47 million, with 65% of this directed toward drilling and completions and the remainder for land, facilities, and seismic.
  • 03/06/2008 -- Pemex profits decline, product imports increase
    Petroleos Mexicanos saw a decline in profits during 2007, reporting a decrease of some 16.13 billion pesos ($1.51 billion) after posting a net profit of $4.26 billion in 2006, according to media reports.
  • 03/07/2008 -- Senate energy panel to examine EIA's revised Annual Energy Outlook
    Mar. 4: The Senate Energy and Natural Resources Committee will hold a hearing to hear testimony from Guy F. Caruso, who leads the US Energy Information Administration, about the federal energy analysis and forecasting service's revised 2008 Annual Energy Outlook. The hearing will begin at 10 a.m. in Room 366 of the Dirksen Senate Office Building.
  • 03/07/2008 -- A Senate veteran's call for reason
    Sen. Pete V. Domenici (R-N.M.) could see a storm coming. So he tried to address the economic consequences of allowing crude oil imports to keep growing in a pair of floor speeches on Feb. 28 and 29.
  • 03/07/2008 -- MARKET WATCH: Investors push crude prices to new highs
    Crude prices soared to record heights again Mar. 6 driven not by the flow of oil but by the flow of money from pension and hedge funds and speculators into energy commodities.
  • 03/10/2008 -- Yergin: Renewables becoming competitive in energy markets
    Renewable energy is becoming competitive in energy markets but yet must overcome problems of economics, technology, and scale, said Daniel Yergin, CERA chairman and executive vice-president of IHS.
  • 03/10/2008 -- MARKET WATCH: Crude hits new high before retreating
    Oil prices pulled back some, but not before hitting a record $106.54/bbl in intraday trading Mar. 7 on the New York market, as the US dollar fell in value.
  • 03/11/2008 -- Iraq still not recognizing deals between KRG, IOCs
    Iraq has repeated its refusal to recognize any agreements for oil or gas signed between the country's Kurdish Regional Government and international oil companies.
  • 03/11/2008 -- China lawmakers propose energy regulatory body
    China plans to establish a full cabinet-level regulatory body aimed at consolidating and overseeing all of the fuel-related responsibilities now assigned to differing agencies.
  • 03/11/2008 -- MARKET WATCH: Crude explores new highs near $110/bbl
    Crude futures rebounded, soaring above $108/bbl in intraday trading Mar. 10 on the New York Mercantile Exchange, despite a falloff in equity markets.
  • 03/11/2008 -- Toyota unit gains gas exploration stake off W. Australia
    Toyota Tsusho, a general trading company affiliated with Toyota Motor Corp., has obtained a 7.5% stake in a 4,200 sq km natural gas concession off Western Australia.
  • 03/11/2008 -- MOL, Oman Oil sign strategic agreement
    Oman Oil Co. SAOC has agreed to transfer an undisclosed stake in some of its international assets to Hungary's MOL Rt. under a strategic cooperation agreement signed Mar. 10.
  • 03/12/2008 -- Gastech: Market complications to slow global LNG evolution
    Against a rapidly changing environmental and geopolitical backdrop, the global LNG industry appears rapidly evolving, said Martin Houston, executive vice-president for BG Group PLC.
  • 03/12/2008 -- Markey summons majors' CEOs for oil price hearing
    US Rep. Edward J. Markey announced Mar. 11 that the US House Select Committee on Energy Independence and Global Warming will summon chief executives from the five biggest major oil companies to testify at an Apr. 1 hearing.
  • 03/12/2008 -- DOI officials dispute calls to change royalties program
    US DOI officials told a House subcommittee that they disagree with allegations that the federal oil and gas royalties program needs to be drastically reformed.
  • 03/12/2008 -- NGC: Climate change bill could raise gas demand
    Climate change legislation currently before Congress could dramatically increase natural gas demand, warned a coalition of four trade association executives. Consumption could climb 20% over the next decade if S. 280 becomes law, the Natural Gas Council said on Mar. 11. The bill is co-sponsored by US Sens. Joseph I. Lieberman (I-Conn.) and John McCain (R-Ariz.).

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