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General Interest 2009 P15

  • 11/17/2009 -- Tight market alters European utilities' spending
    The economic crisis is forcing European utilities to defer or cancel investments in facilities, renewables, and energy efficiency and to divest assets, according to Cap Gemini SA, Paris, in its annual European Energy Markets Observatory (EEMO).
  • 11/17/2009 -- Connecticut investor sentenced in Azeri bribery scheme
    A federal district judge in New York sentenced Frederic A. Bourke Jr. of Greenwich, Conn., to 1 year and 1 day in prison for his role in a bribery scheme involving Azerbaijan’s national oil company, the US Department of Justice announced.
  • 11/16/2009 -- Former Willbros consultant pleads guilty to bribery charges
    A former consultant for Willbros International Inc. pleaded guilty on Nov. 12 to charges that he was part of a conspiracy to pay more than $6 million in bribes to Nigerian government officials and officials of a Nigerian political party, the US Department of Justice announced.
  • 11/16/2009 -- MARKET WATCH: Crude prices slip in second session
    Energy prices fell in a second consecutive trading session Nov. 13 with crude touching a 1-month low in intraday trade in the New York market following reports of bigger-than-expected increases in US inventories of crude, gasoline, and distillate fuels.
  • 11/16/2009 -- Devon to divest international, Gulf of Mexico assets
    Devon Energy Corp., Oklahoma City, plans to divest its Gulf of Mexico and international assets in a move toward focusing on high-growth US and Canadian onshore assets, the company reported Nov. 16.
  • 11/13/2009 -- Pertamina plans 77% capital spending increase
    Indonesia’s state-owned PT Pertamina, aiming for an 11% boost in oil production, expects to increase capital expenditure to $4.15 billion in 2010—a 77% increase over spending in 2009, according to a company official.
  • 11/13/2009 -- MARKET WATCH: Increased inventories reduce energy prices
    Energy prices fell Nov. 12 as traders ignored an International Energy Agency report predicting gobal oil demand will grow in the fourth quarter and focused instead on a US Energy Information Administration report of a larger than expected increase in crude inventories during the previous week.
  • 11/13/2009 -- EPA publishes final regulation on oil-spill rule amendments
    The US Environmental Protection Agency published a final regulation on Nov. 10 that amends certain requirements for facilities subject to its Oil Spill Prevention, Control, and Countermeasure (SPCC) rule.
  • 11/13/2009 -- Bingaman joins Barrasso in CCS bill to offer R&D incentives
    Senate Energy and Natural Resources Committee Chairman Jeff Bingaman (D-NM) has joined US Sen. John A. Barrasso (R-Wyo.) in proposing a government prize to encourage scientific research and development of carbon capture and storage technology.
  • 11/12/2009 -- Black Elk acquires Gulf of Mexico properties
    Black Elk Energy LLC, private Houston independent, completed the acquisition of Gulf of Mexico oil and gas properties from an undisclosed seller for $30 million plus other cash considerations.
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