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General Interest 2011 P

  • 11/23/2011 -- IFC facilitates Colombian oil revenue community reinvestment
    International Finance Corp. has joined Ecopetrol SA and the Colombian School of Public Administration, known as ESAP, to help 18 Colombian municipalities design 57 projects using oil revenues to help improve living standards for as many as 850,000 people.
  • 11/22/2011 -- MARKET WATCH: 'Super committee' flops; equity, energy prices fall
    Equity and commodity markets were under heavy pressure Nov. 21 as the Congressional “super committee” announced its failure to agree on a $1.2 trillion reduction of the US budget deficit after weeks of wrangling, citing “ideological differences.”
  • 11/21/2011 -- MARKET WATCH: US, European debt crisis undercut energy prices
    Energy prices fell Nov. 18 amid continued discomfort over the debt crisis in both Europe and the US, with crude dropping 1% and natural gas down 3% in the New York market on fears of declining demand.
  • 11/21/2011 -- Stone Energy to acquire stake in gulf assets from BP
    Stone Energy Corp. agreed to acquire BP PLC’s 75% operated working interest in the deepwater Pompano field and other assets for a total of $204 million.
  • 11/18/2011 -- BSEE commitment to produce requirement for suspension upheld
    The US Bureau of Safety and Environmental Enforcement issued a notice to lessees noting that the US Department of the Interior’s Office of Hearings and Appeals recently upheld BSEE’s requirement for a producer to demonstrate a commitment to produce in order to be eligible for a lease suspension.
  • 11/18/2011 -- Boost to natural gas seen as EPA rules trim coal-fired power
    Retirement of coal-fired plants in near-term prospect due to toughening environmental standards in the US would increase the share of total electric power generation fueled by natural gas by 6 percentage points, according to Fitch Ratings.
  • 11/18/2011 -- Turkey to end joint oil exploration in Syria
    Turkey, alarmed by attacks on its diplomatic missions in Damascus and other cities in neighboring Syria, has cancelled plans for oil exploration in the Middle Eastern country.
  • 11/18/2011 -- MARKET WATCH: Oil price tumbles, wiping out previous session's spike
    Crude oil prices tumbled Nov. 17 amid renewed concerns about the Euro-zone crisis and rumors of a deadlock in Congressional super-committee negotiations on US debt, with the front-month crude contract dropping 4% back below $99/bbl and wiping out the price-spike from the previous session in the New York market.
  • 11/17/2011 -- MARKET WATCH: Seaway pipeline sale boosts oil prices
    Crude oil prices closed above $102/bbl Nov. 16 in the New York market with the front-month contract escalating 3.1% after ConocoPhillips agreed to sell its interest in Seaway Crude Pipeline Co. to Enbridge Holdings (Seaway) LLC, a subsidiary of Enbridge (US) Inc. (OGJ Online, Nov. 16, 2011).
  • 11/17/2011 -- Kinder Morgan to buy carbon dioxide-helium assets
    A unit of Kinder Morgan Energy Partners LP will buy carbon dioxide and helium holdings on the St. Johns dome in Arizona and New Mexico from Enhanced Oil Resources Inc., Houston, for $30 million.
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