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General Interest 2009 P17

  • 11/10/2009 -- MARKET WATCH: Storm, market factors lift energy prices
    A stronger equities market, weaker dollar, and a tropical storm shutting down production in the Gulf of Mexico combined to push energy prices higher Nov. 9 in the New York market.
  • 11/10/2009 -- Tatweer Petroleum formed for Bahrain field development
    Occidental Petroleum Corp., Mubadala Development Co., and the National Oil & Gas Authority of Bahrain (NOGA) have formed a joint operating company to further develop Bahrain field.
  • 11/10/2009 -- IEA: Recession lowers global energy outlook to 2030
    In its 2009 World Energy Outlook (WEO), the International Energy Agency projects in its reference scenario that global energy demand will climb 40% between 2007 and 2030, and the agency says that the world’s energy resources are adequate to meet this projected demand increase through 2030 and well beyond.
  • 11/09/2009 -- Chevron, CNPC to begin development of Luojiazhai gas field
    Chevron Corp. and partner China National Petroleum Corp. (CNPC) were given approval by the Chinese government to proceed with the development of the Chuandongbei (CDB) Natural Gas Project, which includes the Tieshanpo, Dukouhe, Qilibei, Gunziping and Luojiazhai gas fields.
  • 11/09/2009 -- US House passes chemical security bill with IST provision intact
    The US House approved a chemical and water security bill with a provision requiring inherently safer technology (IST) by 230 to 193 votes on Nov. 6, despite objections from the petroleum and other industries.
  • 11/09/2009 -- MARKET WATCH: Unemployment increase pushes down oil prices
    Energy prices fell Nov. 6 for the second consecutive session in the New York market as the dollar strengthened and the Department of Labor reported the US unemployment rate climbed above 10% for the first time in 26 years.
  • 11/06/2009 -- Former Bank of Montreal gas trader settles CFTC charges
    A former Bank of Montreal natural gas trader will pay a $500,000 fine as part of an agreement settling charges that he mismarked and misvalued the bank’s gas options book and deceived the bank, the US Commodity Futures Trading Commission said.
  • 11/06/2009 -- MARKET WATCH: Crude slips below $80/bbl
    Energy prices dropped Nov. 5 with crude dipping below $80/bbl, even though the equity market “jumped out of its pants” with the Dow Jones Industrial Average up more than 200 points, said analysts in the Houston office of Raymond James & Associates Inc.
  • 11/06/2009 -- EPA directs Texaco to resume California Superfund site cleanup
    The US Environmental Protection Agency has ordered Texaco Inc., which Chevron Corp. acquired in 2001, to assess soil and ground water contamination and evaluate additional cleanup options for the Pacific Coast Pipeline Superfund site in Fillmore, Calif.
  • 11/06/2009 -- IPAA advocates fact-based hydraulic fracturing study
    The Independent Petroleum Association of America will work to ensure that an upcoming study on hydraulic fracturing is scientific, based on facts, and includes input from the oil and gas industry as well as state regulators.
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