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General Interest 2008 P4

  • 08/26/2008 -- Exxon Mobil settles EPA charges
    ExxonMobil Corp. agreed to pay $2.64 million to settle charges that it improperly handled and disposed of polychlornated biphenyls (PCBs) at its Hondo offshore platform in the Santa Barbara Channel, said the US Environmental Protection Agency.
  • 08/08/2008 -- Petrobras to buy ExxonMobil's Brazilian retail assets
    Brazil's state-owned Petrobras has bought ExxonMobil's stake in Esso Chile Petrolera and other associated Chilean companies for $400 million.
  • 08/11/2008 -- Jubilee field partners lease FPSO from MODEC
    Tullow Ghana, operator of Jubilee oil field off Ghana, has signed a 7-year lease agreement in which MODEC will provide and operate the FPSO vessel for Jubilee field.
  • 07/24/2008 -- Alaska Senate to consider natural gas pipeline
    The Alaska House of Representatives approved a state license for TransCanada Corp. to pursue federal certification for a 1,715-mile natural gas pipeline.
  • 07/17/2008 -- Keystone Pipeline to expand to US Gulf Coast
    TransCanada Corp. plans to expand the Keystone oil pipeline system and provide additional capacity of 500,000 b/d from Western Canada to the US Gulf Coast in 2012.
  • 07/17/2008 -- Venezuela, Ecuador again discuss building refinery
    Venezuela and Ecuador, avowedly mixing international politics and oil processing, have renewed a longstanding agreement to build the largest oil refinery on the Pacific Coast of South America.
  • 07/30/2008 -- US unconventional gas resources underestimated, study finds
    The United States has 2,247 tcf of natural gas reserves, enough to last 118 years at 2007 demand levels, a new study has said.
  • 07/28/2008 -- Chavez says IOCs must transfer technology with contract
    Venezuelan President Hugo Chavez said his country will stop doing business with international oil companies (IOCs) that fail to transfer technology as part of their contracts.
  • 07/17/2008 -- BLM decision sets stage for major NPR-A lease sale
    The US Bureau of Land Management issued a record of decision that sets the stage for a major lease sale in the National Petroleum Reserve-Alaska's northeast portion.
  • 07/15/2008 -- El Paso settles SEC reserve reporting charges
    El Paso Corp. and five former employees settled federal charges of inflating, or participation in inflating, reported proved oil and gas reserves in violation of federal securities antifraud laws, the US Securities and Exchange Commission said July 11.
  • 07/03/2008 -- Petrobras revising projects for new business plan
    The CEO of Brazil's Petrobras, revisiting proposed changes in the country's oil law, said the state firm will present a new business plan later this year.
  • 07/31/2008 -- Marathon may split upstream, downstream businesses
    Marathon Oil confirmed July 31 that its board is contemplating a separation of its upstream and downstream businesses into two publicly traded companies.
  • 07/16/2008 -- Centrica buys Marathon assets off Norway
    Centrica PLC, parent of British Gas, signed a definitive agreement to buy Marathon Oil Corp.'s nonoperated interests in Heimdal field, including related producing fields and associated undeveloped acreage off Norway.
  • 07/08/2008 -- Quicksilver to acquire Barnett shale assets
    Quicksilver Resources Inc. entered into purchase and sale agreements with various private parties to acquire a number of Barnett shale assets for $1.3 billion.
  • 07/02/2008 -- ATP acquires interest in Green Canyon blocks
    ATP Oil & Gas Corp. acquired a 55% working interest in the Gulf of Mexico's Green Canyon Blocks 299 and 300, collectively known as Clipper.
  • 06/20/2008 -- Alberta plans to rebut environmental foes of oil sands development
    Alberta will emphasize the strategic and economic benefits of continued oil sands development in response to environmental organizations' opposition, an official of the Canadian province's government said on June 11.
  • 06/05/2008 -- DOE extends Kenai LNG plant export permit
    Gas users in Japan and other Pacific Rim nations are the main beneficiaries of a decision by the US DOE to approve a 2-year extension of LNG exports from the Kenai LNG plant at Nikiski, on Alaska's Kenai Peninsula.
  • 06/18/2008 -- Dolphin leases ADNOC's EGDS gas pipeline
    Abu Dhabi National Oil Co. and Dolphin Energy have signed a 25-year agreement for Dolphin to lease and operate ADNOC's Eastern Gas Distribution System in Abu Dhabi.
  • 06/24/2008 -- Construction begins on Marathon Detroit refinery
    Marathon Oil Corp. has begun construction of the $1.9 billion heavy oil upgrading project at its Detroit refinery following issuance of an air quality permit by the Michigan Department of Environmental Quality.
  • 06/25/2008 -- Supreme Court overturns Exxon Valdez $2.5 billion punitive damages award
    The US Supreme Court has overturned the $2.5 billion in punitive damages against ExxonMobil Corp. for an oil spill from the tanker Exxon Valdez in Alaska's Prince William Sound in 1989.
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Oil & Gas Journal Editor Bob Tippee discusses key influences in the global and US oil markets based on data published in the annual Forecast and Review special report.

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