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General Interest 2010 P2

  • 12/27/2010 -- Macondo well BOP examination compromised, CSB chief tells Bromwich
    The US Chemical Safety and Hazard Investigation Board can’t meaningfully examine the Macondo well’s blowout preventer as long as the BOP’s owner, Transocean Ltd., and manufacturer, Cameron International Inc., “have been granted unique access to the testing process,” CSB told the US Bureau of Ocean Energy Management, Regulation, and Enforcement.
  • 12/27/2010 -- MARKET WATCH: Crude tops $90/bbl for first time in 26 months
    Crude climbed above $90/bbl Dec. 23 in the New York market for the first time since October 2008, due to increased demand from US holiday travel and cold weather on the East Coast.
  • 12/27/2010 -- Newfield, EOG terminate Marcellus shale transaction
    Newfield Exploration Co. and EOG Resources Inc. mutually agreed to terminate a deal for Newfield to buy Marcellus shale development assets in Bradford County, Pa., from EOG for $405 million.
  • 12/22/2010 -- Halliburton agrees to settle with Nigeria's government
    Halliburton agreed to pay Nigeria’s government $35 million to settle a bribery dispute that led to charges being filed against the firm and its former subsidiary, Kellogg Brown & Root, involving construction of an LNG plant on Bonny Island.
  • 12/22/2010 -- MARKET WATCH: February crude contract price up 1.1%; US crude stocks fall
    The new front-month February contract increased 1.1% on Dec. 21 in the New York market upon expectations of an improved economy and stronger demand for energy.
  • 12/22/2010 -- Iraq promotes Sharistani, appoints Luaibi as new oil minister
    Iraq’s Oil Minister Hussain al-Shahristani was promoted to the country’s deputy prime minister for energy, with current deputy oil minister Abdul Kareem Luaibi being designated as his successor.
  • 12/22/2010 -- Whiting makes executive appointments
    Whiting Petroleum Corp. appointed James T. Brown as president and chief operating officer, effective Jan. 1, 2011.
  • 12/22/2010 -- Contract awarded for Ekofisk platform
    ConocoPhillips has conditionally awarded a contract for the topsides module of the Ekofisk 2/4 Z production platform in the Norwegian North Sea.
  • 12/22/2010 -- US court denies NPRA-API challenge of RFS revisions
    The federal appeals court for the District of Columbia rejected the National Petrochemical & Refiners Association’s and American Petroleum Institute’s petition to set aside changes the US Environmental Protection Agency made in the federal renewable fuels standard.
  • 12/22/2010 -- EXCO buying Marcellus assets from Chief
    EXCO Resources Inc. will acquire Marcellus shale interests from Chief Oil & Gas LLC and related parties for $459.4 million, subject to price adjustments at closing. Both companies are based in Dallas.
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