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General Interest 2009 P5

  • 12/16/2009 -- API's Gerard: Staff cuts part of broader reorganization
    A 15% reduction in its work force is only part of a major reorganization designed to modernize the American Petroleum Institute, API Pres. Jack N. Gerard said.
  • 12/16/2009 -- Sonangol to acquire interest in block
    Angola’s Sonangol exercised its right of first refusal with its wholly owned subsidiary, Sociedad Pesquisa e Producao SARL, agreeing to buy 20% undivided working interest in Angola Block 32 from Marathon Oil Corp.
  • 12/16/2009 -- Chesapeake Midstream names chief operating officer
    Chesapeake Midstream Partners LLC (CMP), the recently formed 50-50 partnership of Global Infrastructure Partners LP and Chesapeake Energy Corp., named Robert Purgason as chief operating officer.
  • 12/16/2009 -- Harvest Trust vote favors takeover by KNOC
    Voting shareholders of Harvest Energy Trust, Calgary, were 90.5% in favor of the trust’s acquisition by Korea National Oil Corp. (OGJ Online, Nov. 2, 2009).
  • 12/15/2009 -- Israel utility signs to buy Tamar field gas
    Dalia Power Energies, a private power company in Israel, has signed a letter of intent to buy natural gas from the Noble Energy Inc. group’s Tamar gas field in the Mediterranean off Israel.
  • 12/15/2009 -- Sumitomo takes stake in Carrizo's Barnett shale gas project
    Japanese trading house Sumitomo Corp. will pay an estimated ¥40-50 billion to acquire a 12.5% interest in the Fort Worth basin Barnett shale project from Carrizo Oil & Gas Inc.
  • 12/15/2009 -- MARKET WATCH: Crude market continues losing streak
    Crude prices continued falling for the ninth consecutive session in the commodity’s longest losing streak since July 2001—down 0.5% Dec. 14 on the New York market.
  • 12/15/2009 -- Chevron-led group makes gas find off W. Australia
    A group led by Chevron Australia has made another natural gas find in its exploration permit WA-374-P off Western Australia.
  • 12/15/2009 -- Hess sets spending at $3.9 billion for 2010
    Hess Corp. has budgeted $3.9 billion in capital and exploratory spending for 2010, $700 million more than it budgeted for 2009.
  • 12/15/2009 -- Husky Energy unveils $3.1 billion budget for 2010
    Husky Energy Inc., Calgary, has set a capital budget of $3.1 billion for 2010, up 20% from 2009 and focused on areas with the highest potential returns, particularly Western Canada heavy oil and oil sands, Eastern Canada offshore developments, and Southeast Asia developments.
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