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General Interest 2011 P11

  • 11/10/2011 -- ConocoPhillips to name its downstream company Phillips 66
    ConocoPhillips plans to name its emerging new independent downstream company Phillips 66, which will be based in Houston, ConocoPhillips said. The corporate repositioning remains subject to market conditions, regulatory approvals, and final corporate board approval.
  • 11/10/2011 -- MARKET WATCH: Stock market, crude oil prices tumbled
    The stock market tumbled Nov. 9 in its worst session in nearly 2 months, with front-month crude and natural gas futures prices in New York following the broader market down by 1.1% and 2.5%, respectively, due to continued financial turmoil in Europe.
  • 11/10/2011 -- Bromwich pledges careful, measured enforcement for contractors
    Interim US Bureau of Safety and Environmental Enforcement Director Michael R. Bromwich said enforcement will be careful and measured as he defended extending the US Department of the Interior’s offshore oil and gas regulatory reach to drilling contractors and service and supply companies.
  • 11/09/2011 -- OPEC leaves demand outlook unchanged
    In its monthly Oil Market Report, the Organization of Petroleum Exporting Countries made no changes to its 2011 and 2012 oil demand forecasts.
  • 11/09/2011 -- UN sanctions on Iran's oil section, central bank 'unlikely'
    Efforts to impose sanctions on Iran’s oil sector are unlikely despite a report by the International Atomic Energy Agency that said the Islamic Republic has worked to develop an atomic bomb design and may still be conducting relevant research.
  • 11/09/2011 -- MARKET WATCH: Oil prices rise on Iran nuclear work reports
    Crude oil and natural gas prices rose Nov. 8, up 1.3% each in the New York market, as Europe’s financial turmoil continued and Iran was reported working to put a nuclear payload on an intermediate-range missile capable of striking Israel.
  • 11/09/2011 -- IEA: Demand robust for transportation fuels, natural gas
    Global oil demand will rise to 99 million b/d in 2035 from 87 million b/d in 2010, with all the net growth coming from transportation in emerging economies, the International Energy Agency forecasts in the 2011 edition of its World Energy Outlook (WEO).
  • 11/09/2011 -- Salazar unveils new proposed 5-year OCS leasing program
    US Sec. of the Interior Ken Salazar announced a proposed US Outer Continental Shelf program for 2012-17 with 15 potential oil and gas lease sales, 12 in the Gulf of Mexico and 3 off Alaska’s coast.
  • 11/08/2011 -- OPEC plans to double spare capacity to 8 million b/d by 2015
    The Organization of Petroleum Exporting Countries said the group’s varying spare capacity is set to double in 4 years when it will reach 8 million b/d.
  • 11/08/2011 -- MARKET WATCH: Crude oil prices rise; European crisis continues
    Oil prices escalated Nov. 7 with crude closing above $95/bbl in the New York market as natural gas prices again declined and economic and political issues deteriorated in Europe.

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