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General Interest 2010 P9

  • 11/29/2010 -- UK exempts company move from visa limits
    The UK government, responding to industry concerns, said it plans to exclude intracompany transfers from new migration limits.
  • 11/29/2010 -- Flow high at Spar appraisal off W. Australia
    Apache Corp.’s appraisal of the 1976 Spar discovery off Western Australia flowed gas-condensate at such a rate that partner Santos Ltd. said the volume of recoverable gas “is expected to be significantly greater than the 335 petajoules gross previously stated.”
  • 11/29/2010 -- Husky to buy ExxonMobil Canada properties
    Husky Energy Inc. agreed to buy oil and natural gas properties in Alberta and northeast British Columbia from ExxonMobil Canada Ltd. for $860 million (Can.).
  • 11/29/2010 -- BP to sell its Pan American Energy stake to Bridas
    BP PLC agreed to sell its 60% interest in Pan American Energy (PAE) for $7 billion to its joint venture partner Bridas Corp., which already owns 40% of the Argentina-based exploration company.
  • 11/29/2010 -- Apache lets contract for Forties platform
    Houston independent Apache Corp. has let a contract worth more than $240 million to OGN Group of the UK to build a satellite production platform for Forties oil field in the central UK North Sea.
  • 11/29/2010 -- Marathon buys stake in Eagle Ford from Denali Oil & Gas
    Marathon Oil Corp. plans to pay Denali Oil & Gas $10 million in a transaction that marks Marathon’s entry into the Eagle Ford shale formation in the South Texas counties of Wilson and Atascosa.
  • 11/24/2010 -- PTTEP outlines action plan after Montara spill
    Thailand’s PTTEP Australasia Ltd., which implemented an action plan to improve drilling safety following the Montara well oil spill, on Nov. 24 acknowledged its earlier operating deficiencies that the Montara Commission of Inquiry identified in a final report.
  • 11/24/2010 -- MMS shortcomings changed government response to Macondo well spill
    The federal response to crude oil spilling from BP PLC’s Macondo well in the deepwater Gulf of Mexico involved more experts from the oil and gas industry and from government departments and agencies once it became apparent the US Minerals Management Service’s scientific knowledge was limited, according to a new staff working paper prepared for US President Barack Obama’s independent oil spill commission.
  • 11/24/2010 -- MARKET WATCH: Oil settles above $81/bbl on mixed US demand signals
    Crude oil prices settled above $81/bbl on the New York market on Nov. 23 upon support from the US Department of Commerce’s upward revision in third-quarter gross domestic product growth.
  • 11/23/2010 -- MARKET WATCH: Crude slips lower; North, South Korea clash rattles markets
    The new front-month January contract for crude continued to slip lower Nov. 22 in low-volume trading in the New York market as initial relief at the pending bailout of Ireland’s banks gave way to concern over the details and implications.

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