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General Interest 2009 P

  • 12/11/2009 -- IEA medium-term update hikes oil demand projection
    The International Energy Agency has raised its projection for average global oil consumption during 2009-14 by 1.9 million b/d in an update to the medium-term market forecast it published last June.
  • 12/11/2009 -- MARKET WATCH: First winter gas draw pushes up price
    The front-month natural gas contract jumped 8.2% Dec. 10 to the highest closing price since mid-January on the New York market after the Energy Information Administration reported the first withdrawal of gas from storage this winter, which proved bigger than expected.
  • 12/10/2009 -- MARKET WATCH: Crude price drops to 2-month low
    The front-month crude contract fell Dec. 9 for the sixth consecutive session—the longest losing streak since early July—to the lowest price level since early October on the New York market after the Energy Information Administration reported an unexpected drop in US crude inventories and a bigger than expected build in gasoline stocks.
  • 12/10/2009 -- ExxonMobil: Global energy demand to rise 35% through 2030
    Global energy demand will be about 35% higher in 2030 than it was in 2005, requiring trillions of dollars of investment and a commitment to innovation and technology, ExxonMobil Corp. said in its latest long-term energy outlook.
  • 12/10/2009 -- ExxonMobil resumes Point Thomson drilling
    ExxonMobil Production Co. has resumed drilling two wells at Point Thomson gas-condensate field in Alaska, which it had drilled to about 5,000 ft in the ice-free part of the year (OGJ Online, Sept. 10, 2009).
  • 12/10/2009 -- Anadarko's Lucius taps Pliocene, Miocene oil
    A group led by Anadarko Petroleum Corp. is gathering data to analyze fluids from its Lucius exploration well in the ultradeepwater Gulf of Mexico after it encountered more than 200 ft of net pay in subsalt Pliocene and Miocene sands.
  • 12/09/2009 -- Stanislaw: Shift energy focus from 'green' to 'clean'
    A global low-carbon future is possible if policymakers and economic leaders—including the oil and gas industry—shift focus from “green energy” to “clean energy,” said energy expert Joseph A. Stanislaw Dec. 9 at the Deloitte LLP Oil & Gas conference in Houston.
  • 12/09/2009 -- DOE's latest CCS funding includes EOR project in West Texas
    The US Department of Energy will provide $350 million to support a project designed to capture carbon from a proposed electric power plant near Midland-Odessa, Tex., and transport it to the Permian basin where it will be used in enhanced oil recovery, US Energy Secretary Steven Chu announced.
  • 12/09/2009 -- MARKET WATCH: Oil prices continue to drop; gas prices climb
    The price of the front-month crude contract fell Dec. 8 for the fifth consecutive session on the New York market, hammered by a stronger dollar, while the price for natural gas continued to rise with colder weather raising demand through most of the US.
  • 12/09/2009 -- NGSA, AXPC warn House on mandatory clearing of OTC derivatives
    US House floor action to reform over-the-counter derivatives markets could increase commercial hedging and risk-management costs enormously unless it includes language specifically excluding these activities, two oil and gas association executives warned.

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