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General Interest 2010 P10

  • 11/23/2010 -- Peer-reviewed report confirms budget estimates on gulf oil spill
    A peer-reviewed report released Nov. 23 reaffirmed most of the estimates released Aug. 4 by a collaboration of federal and independent scientists regarding what happened to the oil released into the Gulf of Mexico from Apr. 20 through July 14 by BP PLC’s deepwater Macondo well.
  • 11/23/2010 -- PDVSA, Eni initiate heavy oil, refinery projects in Venezuela
    Venezuela’s state-owned Petroleos de Venezuela SA and Italy's Eni SPA have agreed to invest $17 billion in two separate joint venture projects aimed at producing and refining from the Latin American nation's Orinoco belt.
  • 11/22/2010 -- MARKET WATCH: Crude prices slip lower; cold weather outlook hikes gas price
    Crude oil prices dipped again Nov. 19 in the New York market after surging in the previous session on a pending European bailout of the Irish banking system, but natural gas rebounded strongly with National Weather Service's predictions for below-average temperatures to blanket the Midwest and East Coast Nov. 29-Dec. 5.
  • 11/22/2010 -- Group slams proposed UK migration limits
    Proposed UK migration limits would slow oil and gas development off the country, an industry group warns.
  • 11/22/2010 -- ExxonMobil optimistic about long-term US gas production
    ExxonMobil Corp. believes unconventional sources of natural gas could represent 70% of US gas supplies by 2030, Steve Kirchhoff, ExxonMobil’s Americas vice-president for natural gas, told a recent Deloitte LLP oil and gas conference in Houston.
  • 11/22/2010 -- Firm to buy ExxonMobil gulf shelf properties
    Energy XXI (Bermuda) Ltd., Houston, will buy Gulf of Mexico shelf assets from ExxonMobil Corp. for $1.01 billion in a deal that makes the purchaser the third largest shelf oil producer.
  • 11/22/2010 -- Stevens named chairman of CBM Asia Development
    CBM Asia Development Corp., Vancouver, BC, which participated in the drilling of Indonesia’s first official coalbed methane well earlier this year, has named Scott H. Stevens as chairman.
  • 11/22/2010 -- Anadarko Brazil postsalt find heads for presalt
    Anadarko Petroleum Corp. has a two-zone postsalt oil and gas discovery at its Itauna-1 exploratory well in the BM-C-29 block in the Campos basin off Brazil.
  • 11/19/2010 -- API: US crude production, inventories broke October record
    US crude oil production averaged 5.5 million b/d in October, the highest average for the month since October 2003, and 0.1% higher year-to-year, the American Petroleum Institute said in its latest monthly statistical report.
  • 11/19/2010 -- MARKET WATCH: Weakening dollar raises crude prices
    The euro strengthened, the dollar weakened, and crude jumped 1.8% on Nov. 18, recovering much of its losses from the previous session in the New York market, as the Irish government agreed to accept an international bailout of its banking system from the European Union and the International Monetary Fund.
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