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General Interest 2009 P2

  • 12/28/2009 -- MARKET WATCH: Crude topped $78/bbl on Christmas Eve
    Energy prices generally rose in light trading Dec. 24 ahead of the Christmas holiday, with the front-month crude contract closing above $78/bbl in the New York market following a bigger-than-expected drop in US oil inventories.
  • 12/23/2009 -- MARKET WATCH: Energy prices rise on OPEC’s inaction
    Energy prices rose Dec. 22, with the new front-month February crude contract closing above $74/bbl in the highest settlement on the New York market since Dec. 4, after the Organization of Petroleum Exporting Countries agreed at its meeting in Angola to hold production quotas at 24.845 million b/d.
  • 12/23/2009 -- Russia, Turkmenistan revise gas contract
    Russia and Turkmenistan have agreed to new terms on gas trade while their presidents, Dmitry Medvedev and Gurbanguly Berdimuhamedov, signed a broader agreement on strategic energy cooperation.
  • 12/23/2009 -- Van De Vijver to head RIL unit
    Reliance Industries appointed Walter Van De Vijver as president and chief executive officer of its subsidiary, Reliance Exploration & Production DMCC.
  • 12/23/2009 -- Energy XXI buys Gulf of Mexico interests
    Energy XXI (Bermuda) Ltd. completed acquisition of oil and gas interests on the US shelf of the Gulf of Mexico from MitEnergy Upstream LLC, a subsidiary of Mitsui & Co. Ltd. in Tokyo.
  • 12/23/2009 -- Pennsylvania
    Seneca Resources Corp., a wholly owned subsidiary of National Fuel Gas Co., Williamsville, NY, said the third horizontal well it operates in the Marcellus shale flowed at an initial 24-hr rate exceeding 10 MMcfd and an average 9.5 MMcfd over 7 days (OGJ Online, Sept. 22, 2009).
  • 12/23/2009 -- Kosmos appraisal well logs oil off Ghana
    Kosmos Energy says its Mahogany Deep-2 well encountered light oil in three intervals and “successfully appraised the greater Jubilee area” in the Tano basin off Ghana.
  • 12/22/2009 -- MARKET WATCH: Energy prices fall as dollar strengthens
    Energy prices fell amid low trading volumes Dec. 21 on the New York market as the January crude contract approached expiration and the US dollar hit a 3½-month high against the euro and a 6-week high against the yen.
  • 12/22/2009 -- Three sentenced in fictitious-trade case
    A former managing director of North American natural gas sales at El Paso Merchant Energy (EPME) and two of the El Paso Corp. division’s gas traders have been sentenced for conspiracy, false reporting, and wire fraud, according to the Department of Justice.
  • 12/22/2009 -- Maersk to buy deepwater Devon interests
    Devon Energy Corp., in line with a recently announced divestiture plan, has agreed to sell its interests in three Lower Tertiary development projects in the Gulf of Mexico to Maersk Oil for $1.3 billion.

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