General Interest 2008 P

12/01/2008 -- WoodMac: Natural gas to trade at $5-6/MMbtu to 2013
US natural gas is expected to trade at $5-6/MMbtu over the next 5 years, said an executive of Wood Mackenzie Ltd., Edinburgh, at a recent energy forum sponsored by that firm in Houston.
11/28/2008 -- BLM approves 3-D geophysical exploration near Rock Springs, Wyo.
The US Bureau of Land Management said on Nov. 6 that it has approved the Marianne 3-D geophysical exploration project in the Horsethief Canyon and Bitter Creek area northeast of the Rock Springs, Wyo., airport.
11/28/2008 -- Plantation Pipe Line settles lawsuit over product spills in three states
Plantation Pipe Line Co. agreed to pay a $725,000 fine and invest $1.3 million in upgrades to settle a Clean Water Act lawsuit over four oil product spills in three states, two federal government agencies and the State of North Carolina said on Nov. 4.
11/28/2008 -- Bingaman, Rahall outline differing, yet similar, plans for 2009
The chairmen of two key congressional energy committees are already making plans for 2009. Jeff Bingaman (D-N.M.), who leads the Senate Energy and Natural Resources Committee, and Nick J. Rahall (D-W.Va.), who leads the House Natural Resources Committee, separately outlined their strategies.
11/28/2008 -- MMS begins preparation process for 2011 lease sale off Virginia
The US Minerals Management Service took the first step on Nov. 12 toward holding an offshore oil and gas lease sale off Virginia in 2011.
11/28/2008 -- BLM finalizes oil shale regulations; leasing unlikely for 5-10 years
The US Bureau of Land Management published final regulations on Nov. 17 to establish a commercial oil shale development program on public lands in three western states. Lease sales probably will not occur for another 5-10 years, a leading US Department of the Interior official said.
11/28/2008 -- 'Energy issues coupled with the current financial crisis are now a top priority for Americans'
American Gas Association President David N. Parker, in a Nov. 6 comment on Barrack Obama's winning the US presidency two days earlier.
11/26/2008 -- MMS issues final assessment of hurricane damage
In its final assessment of damage to Gulf Coast oil and gas operations by Hurricanes Gustav and Ike, the US Minerals Management Service said a total of 60 offshore platforms were destroyed.
11/26/2008 -- MARKET WATCH: Market fears pull down energy prices
Energy prices fell Nov. 25, giving up much of the gains from the previous trading session as a US Department of Commerce report of a larger-than-expected contraction of the US economy in the third quarter fanned fears of declining demand for fuel.
11/26/2008 -- CCS ends Newpark acquisition after FTC lawsuit
Newpark Resources Inc. and CCS Inc. agreed on Nov. 24 to cancel the proposed sale of Newpark's US environmental services business to CCS.
11/25/2008 -- EAGC: Credit crisis to affect European gas projects
Eni Gas & Power COO Domenico Dispenza warned in a keynote address at EAGC at Lake Como, Italy, that the credit crisis could seriously affect the supply and diversity of gas supply projects in Europe.
11/25/2008 -- EAGC: Edison official stresses European gas diversity
Enhancing diversity of gas supplies is a key challenge for Europe, and the Caspian could become an important source, according to an Edison SPA senior official at EAGC at Lake Como, Italy.
11/24/2008 -- Russia, Venezuela to form 'strategic' oil alliance
Venezuelan President Hugo Chavez plans to enter into a strategic alliance with Russia aimed at developing his country's oil industry, according to a senior government minister.
11/24/2008 -- MARKET WATCH: Crude rally fails to check losses
Oil futures prices climbed to the $50/bbl range Nov. 21, pulled by a late surge in the stock market on news that US President-elect Barack Obama will likely nominate NY Fed Pres. Timothy Geithner as Treasury secretary.
11/24/2008 -- IOGCC following CCS initiatives, rulemaking
The IOGCC is closely monitoring carbon capture and storage initiatives by governments, research institutions, and the oil and gas industry.
11/24/2008 -- NGSA: Taxes, restrictions could stifle US shale gas potential
Natural gas production from US shale plays such as the Marcellus shale could double in the next 10 years and provide 25% of the nation's supply, an NGSA official said Nov. 21.
11/21/2008 -- XTO sets $3.3 billion capital budget for 2009
XTO Energy Inc., Fort Worth, approved a 2009 capital budget for development and exploration expenditures of $3.3 billion.
11/21/2008 -- MMS announces actions against RIK workers named in probe
US MMS Director Randall B. Luthi announced actions on Nov. 21 against employees included in the recent RIK program investigation by the US DOI's inspector general.
11/21/2008 -- XTO Energy names president, chief executive officer
XTO Energy Inc. has promoted Keith A. Hutton to chief executive officer and Vaughn O. Vennerberg II to president, both effective Dec. 1.
11/21/2008 -- MARKET WATCH: Stock market drags crude below $50/bbl
Oil prices fell for the fifth consecutive session Nov. 20, pulled down by a tumbling stock market, with the expiring December contract falling below $50/bbl to its lowest closing in 3 years.

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