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General Interest 2008 P

  • 02/18/2008 -- NOCs, IOCs need to find new partnership models
    NOCs are delivering higher levels of growth in market capitalization compared with IOCs, and new models of collaboration are needed to deliver secure energy supplies to the global market, speakers told IP Week in London.
  • 02/15/2008 -- CERA: Action needed to avoid oil crisis, Hess chief says
    Oil companies, oil-producing countries, and consumers need to act now to avoid the oil crisis that is coming within the next 10 years, said John B. Hess, chairman and chief executive of Hess Corp.
  • 02/14/2008 -- PDVSA halts crude sales to ExxonMobil
    Venezuela's state-owned Petroleos de Venezuela SA said it has stopped selling crude oil to ExxonMobil Corp., which earlier began using US and British courts to seize billions of dollars in assets owned by the South American nation (OGJ Online, Feb. 12, 2008).
  • 02/13/2008 -- MARKET WATCH: Anticipated stock increase trims oil prices
    Speculation that the government would report another increase in US oil inventories for the fifth consecutive week caused energy prices to dip Feb. 12 on the New York market, ending a 3-session rally.
  • 02/12/2008 -- MARKET WATCH: Supply threats send oil prices soaring
    Energy prices continued to climb Feb. 11 after Venezuelan President Hugo Chavez threatened over the weekend to stop selling oil to the US over a legal dispute with ExxonMobil Corp.
  • 02/05/2008 -- Enbridge to lead industry CCS project
    Enbridge Inc. plans to lead a group of 19 energy companies in the Alberta Saline Aquifer Project (ASAP), a carbon capture and storage (CCS) research and pilot sequestration project.
  • 02/22/2008 -- XTO acquires $1 billion in properties, leasehold
    In more than 25 transactions, Fort Worth independent XTO Energy has entered into agreements with various parties to acquire producing properties in the southwestern US for a total of $1 billion.
  • 02/19/2008 -- Anadarko reports capital budget, outlook for 2008
    Anadarko Petroleum Corp. has approved total capital expenditures of $4.5-4.7 billion for 2008, including about 20% for exploration.
  • 02/05/2008 -- Newfield sets $1.6 billion capital budget
    Houston independent Newfield Exploration Co. announced a $1.6 billion capital investment program for 2008, of which $620 million is allocated to the US Midcontinent region.
  • 02/13/2008 -- StatoilHydro starts Volve oil and gas production
    StatoilHydro has begun oil and gas production from Volve field in the Norwegian North Sea from the large Maersk Inspirer jack up rig.
  • 01/07/2008 -- TransCanada's Alaska gas pipeline proposal progressing
    TransCanada's application to build a natural gas pipeline in Alaska is open for a 60-day public comment period, Alaska Gov. Sarah Palin said.
  • 01/04/2008 -- Marathon lets contract for Detroit refinery expansion
    Marathon let an integrated EPC contract to Fluor for its projected $1.9 billion expansion and upgrade of the company's Detroit, Mich., refinery.
  • 01/25/2008 -- MARKET WATCH: US economic aids push up crude prices
    Energy futures prices posted the biggest gains in 3 weeks with oil futures jumping more than $2/bbl Jan. 24 after President Bush and Congressional leaders agreed to an economic stimulus package.
  • 01/15/2008 -- KazMunayGas increases Kashagan share, influence
    Kazakhstan's KazMunayGas will increase its interest in the Kashagan offshore oil project to 16.81%, equal to the shares of the other majority shareholders, according to Energy and Mineral Resources Minister Sauat Mynbayev.
  • 01/29/2008 -- ConocoPhillips to acquire stake in Keystone oil pipeline
    ConocoPhillips has acquired a 50% interest in Keystone oil pipeline from TransCanada as the companies had previously outlined in a signed agreement.
  • 01/15/2008 -- Essar to purchase 50% of Kenyan refinery
    Essar Energy Overseas Ltd. agreed to buy a 50% stake in the 4 million tonne/year Kenya Petroleum Refineries Ltd. (KPRL) in Mombasa.
  • 12/31/2008 -- Ukraine to pay Russia $1.5 billion for gas supplies
    Ukraine's state-owned Naftogaz said Dec. 30 it will pay the $1.5 billion it owes RusUkrEnergo, the Swiss-based gas trading firm used by Russia's Gazprom to supply gas to Ukraine.
  • 12/31/2008 -- Centrica acquires Peik field from Bow Energy
    Centrica PLC has agreed to pay Bow Valley Energy Ltd. $30 million in cash for its 66.67% interest in Peik natural gas-condensate field in the UK North Sea. The deal adds to Centrica's existing stake in the Norwegian portion.
  • 12/30/2008 -- Gas exporting countries form charter, choose Doha as base
    The Gas Exporters Countries Forum (GECF)—a group of the world's largest natural gas suppliers)—has established a charter and chosen Doha as the home for its permanent secretariat, signaling Qatar's growing importance in the natural gas market.
  • 12/30/2008 -- Nippon merger firm to develop alternative energy
    Nippon Oil and Nippon Mining Holdings expect to reduce their newly merged entity's refining capacity while enhancing operations in alternative energy.

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