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General Interest 2010 P6

  • 12/09/2010 -- IHS CERA indexes show upstream cost hikes
    Upstream capital and operating costs rose in the 6 months ending in the third quarter of 2010, according to indexes compiled by IHS CERA.
  • 12/09/2010 -- Chevron plans $26 billion budget for 2011
    Chevron Corp. plans a $26 billion capital spending budget for 2011, of which $22.6 billion is targeted for oil and gas exploration and production projects worldwide with $5.4 billion going to US projects and $17.2 billion going to projects elsewhere.
  • 12/08/2010 -- New European Union gas regions proposed
    In a move to bolster cross-border regional energy cooperation, European Union Energy Commissioner Gunther Oettinger suggested the Regional Iniative and the European Regulators Group for Electricity & Gas target specific goals.
  • 12/08/2010 -- MARKET WATCH: Crude oil falls from highest price this year, ending rally
    The January contract for benchmark US crude soared above $90/bbl to a new year-to-date high in early trading Dec. 7 in the New York market before closing below $89/bbl, ending a 4-day rally.
  • 12/08/2010 -- WoodMac: Third-quarter oil demand sets all-time record
    Worldwide oil demand for this year’s third quarter will set a record at 88.3 million b/d, said Wood Mackenzie Ltd., Edinburgh, in its latest analysis.
  • 12/08/2010 -- EPA seeks extension for boiler, incinerator rule
    The American Petroleum Institute supports the US Environmental Protection Agency’s request for an extension in a court-ordered schedule for issuing rules to reduce air emissions from boilers and solid-waste incinerators used by various industries, including petrochemical plants.
  • 12/07/2010 -- MARKET WATCH: Natural gas price escalates with colder forecasts
    Natural gas escalated 3.5% Dec. 6 to “levels it hasn't seen for 4 months” in the New York market on forecasts for colder weather in the eastern US. Crude prices continued to climb, albeit at reduced rates, in both US and London markets.
  • 12/06/2010 -- MARKET WATCH: Energy prices continue climbing in international markets
    Energy prices continued climbing Dec. 3 with crude hitting a 25-month high in New York as the US dollar dipped to its lowest level since Nov. 23, US payrolls increased less-than-expected in November, and the jobless rate unexpectedly rose to 9.8%.
  • 12/06/2010 -- Zubair output hits cost-recovery threshold
    Crude oil production from Zubair field in southern Iraq has achieved the 10% boost triggering cost recovery for companies redeveloping the field under a technical service contract.
  • 12/03/2010 -- Business groups ask Congress to delay EPA's GHG regulation
    The American Petroleum Institute, the National Petrochemical & Refiners Association, and 20 other business associations asked congressional leaders to deny funding for the US Environmental Protection Agency to implement its planned greenhouse gas regulations under the Clean Air Act.

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Chevron, ONGC Videsh among firms awarded permits by New Zealand

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Cenovus trims budget, slows oil sands work

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