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General Interest 2010 P5

  • 12/14/2010 -- UEG to buy BP's upstream assets in Pakistan
    United Energy Group Ltd. (UEG) agreed to pay $775 million to BP PLC for its upstream assets in Pakistan, which include nine producing and exploration blocks in Sindh province and four exploration blocks in the Arabian Sea.
  • 12/14/2010 -- Utah: Stone Energy drilling Cane Creek prospect
    Stone Energy Corp., Lafayette, La., said it expects to finish drilling the first of two exploratory wells to the Pennsylvanian Cane Creek formation by the end of 2010.
  • 12/13/2010 -- MARKET WATCH: Energy prices slumped slightly; OPEC takes no action
    Energy prices weakened slightly Dec. 10 on speculation China might increase its benchmark interest rate over the weekend as oil ministers of the Organization of Petroleum Exporting Countries met Dec. 11 in Quito, Ecuador.
  • 12/13/2010 -- ExxonMobil finishes Shute Creek carbon capture expansion
    ExxonMobil Corp. completed its $86 million expansion of the carbon dioxide capture plant near La Barge, Wyo.
  • 12/13/2010 -- Court refuses to block EPA effort to regulate GHGs
    A federal appeals court rejected a request by the oil and gas industry and others to delay the US Environmental Protection Agency’s plans to begin regulating greenhouse gas emissions on Jan. 2.
  • 12/10/2010 -- New jacket slated for South Nemba off Angola
    Chevron Corp. plans to install a new unmanned four-pile jacket, multideck platform that will bridge connect to the existing South Nemba platform on Block 0 off Cabinda, Angola. Chevron subsidiary Cabinda Gulf Oil Co. Ltd. operates the field.
  • 12/10/2010 -- MARKET WATCH: Crude prices inch higher on favorable economic reports
    Despite a strengthening dollar, crude prices inched up Dec. 9 in the New York market as reports of reduced jobless claim numbers appeared to indicate economic recovery is on track, likely leading to increased demand for oil next year.
  • 12/10/2010 -- Oxy sells Argentine assets; buys US assets
    Occidental Petroleum Corp. plans to sell its properties in Argentina for $2.5 billion to Sinopec Group. Separately, Oxy also outlined two separate acquisitions of US producing properties in South Texas and North Dakota for a total of $3.2 billion.
  • 12/09/2010 -- MARKET WATCH: Natural gas price rises; crude continues to slump
    The front-month natural gas jumped 4.9% Dec. 8 in the New York market on forecasts for chilly weather across the eastern US and bullish expectations for the Dec. 9 storage report.
  • 12/09/2010 -- Range Resources responds to EPA
    Range Resources Corp.’s activities have not had any impact on the water aquifer in southern Parker County, Tex., the company said in a news release regarding the US Environmental Protection Agency's expressed concerns about possible natural gas migration.
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