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General Interest 2010 P3

  • 12/21/2010 -- Chevron suspends production in Nigeria as ExxonMobil, Shell resume
    Chevron suspended operations of the Dibi-Abiteye oil pipeline in Nigeria’s Niger Delta in an effort to minimize potential environmental damage while investigating damage caused to the line after militant attacks on oil flow stations.
  • 12/21/2010 -- Chevron claims forged signatures in Ecuador lawsuit
    Chevron Corp said litigation against the firm in an Ecuadorian court should be terminated because a forensic specialist discovered many forged signatures on the document that initially authorized the legal action.
  • 12/21/2010 -- MARKET WATCH: Energy prices rise with equity market increases
    The Standard & Poor’s 500 index peaked Dec. 20 at its highest level in 2 years, led by energy industrial stocks.
  • 12/21/2010 -- OPI Gas buys Shell Gas LPG Pakistan
    OPI Gas (Pvt) Ltd. completed its acquisition of Shell Petroleum Co.'s 67.91% stake in Shell Gas LPG Pakistan Ltd.
  • 12/21/2010 -- Fitch: Producers to see strong cash flows in 2011
    North American oil and gas producers can expect another year of “robust” cash flows supported by strong oil prices, stable though depressed gas prices, and modestly improving economic conditions, according to Fitch Ratings.
  • 12/21/2010 -- Cabot, Pennsylvania DEP reach new accord for 19 Dimock households
    Cabot Oil & Gas Corp. agreed to pay $4.1 million in a settlement with Pennsylvania’s Department of Environmental Protection that will allow the Houston independent producer to resume Susquehanna County well completion operations in early 2011.
  • 12/20/2010 -- Total, Suncor in $1.75 billion Canada oil sands deal
    Total E&P Canada Ltd. and Suncor Energy Inc. said they will form a strategic oil sands alliance encompassing the Suncor-operated Fort Hills mining project, the Total-operated Joslyn mining project, and the Suncor-operated Voyageur upgrader project.
  • 12/20/2010 -- Sasol buying stake in Talisman's Montney shale gas
    Sasol Ltd. agreed to buy a 50% stake in Talisman Energy Inc.’s Montney shale gas play in the Farrell Creek project in northeastern British Columbia for $1.05 billion (Can.), and the two companies plan a Farrell Creek area partnership that Talisman will operate.
  • 12/20/2010 -- MARKET WATCH: US natural gas prices ended weeklong slide Dec. 17
    Natural gas futures on the New York market fell to $3.951/MMbtu on Dec. 17 before rebounding during the trading session to settle above $4/MMbtu.
  • 12/17/2010 -- MARKET WATCH: Natural gas markets 'slammed' by selling pressure wave
    Natural gas markets were “slammed” Dec. 16 by “a wave of selling pressure on the [US Energy Information Administration] storage release,” said analyst James Crandell with Barclays Capital. EIA reported a 164-bcf drop in stocks, which was in line with consensus estimates, Crandell noted.

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