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General Interest 2013 P10

  • Thu Mar 07 10:07:00 CST 2013 -- ExxonMobil outlines 5-year, $190 billion E&D plan
    ExxonMobil Corp. intends to spend $190 billion during the next 5 years on exploration and development to meet anticipated growing world energy demand, Chairman and Chief Executive Officer Rex Tillerson told investment analysts in a Mar. 6 presentation at the New York Stock Exchange.
  • Wed Mar 06 12:53:00 CST 2013 -- MARKET WATCH: Oil markets escalate following death of Chavez
    Oil prices rebounded Mar. 5 following the death of Venezuelan President Hugo Chavez, under whom the country’s production and export of crude sharply declined. Chavez was being treated for cancer.
  • Wed Mar 06 11:35:00 CST 2013 -- German utility RWE to sell oil, gas E&P unit
    German utility RWE AG announced plans to sell its oil and gas exploration and production business, RWE Dea AG, based on a decision by the firm’s executive board regarding an overall corporate strategic repositioning.
  • Tue Mar 05 14:01:00 CST 2013 -- IHS CERAWeek: Industry should stay resilient, not complacent, Aramco executive says
    Although the North American oil and gas industry currently is “flourishing” while on “the right track” for the type of rapid and safe resource development that is emulated and envied by the rest of the world, industry players should not become complacent and “sit still.”
  • Tue Mar 05 13:01:00 CST 2013 -- Japex to buy stake in Canada LNG, shale gas project from Petronas
    Japan Petroleum Exploration Co. (Japex) agreed to join the proposed British Columbia Pacific Northwest LNG venture and to buy a stake in the North Montney shale gas project from Malaysia’s Petronas.
  • Tue Mar 05 12:20:00 CST 2013 -- MARKET WATCH: WTI, Brent decline to 'psychological' lows
    Oil prices rolled back again Mar. 4, with both West Texas Intermediate and North Sea Brent dropping below their “psychological thresholds” in intraday trading before climbing slightly above those levels prior to market closings.
  • Mon Mar 04 12:49:00 CST 2013 -- MARKET WATCH: Crude down 3% last week in NY futures market
    Oil prices continued falling Mar. 1 with crude down 3% for the week in the New York market, erasing all previous gains in 2013.
  • Mon Mar 04 11:48:00 CST 2013 -- North Sea Cormorant platform incident shuts down Brent pipeline system
    Abu Dhabi National Energy Co. (TAQA) confirmed a hydrocarbon release was detected in one of the Cormorant Alpha platform legs in the northern UK North Sea, adding there was no hydrocarbon release into the sea or air.
  • Fri Mar 01 16:27:00 CST 2013 -- State Department releases draft SEIS for revised Keystone XL
    The US Department of State released a draft supplemental environmental impact statement (SEIS) for the proposed Keystone XL crude oil pipeline’s new presidential permit application.
  • Thu Feb 28 15:16:00 CST 2013 -- ConocoPhillips planning to divest some LNG, oil sands assets
    ConocoPhillips is planning to sell some of its interest in the Australia Pacific LNG project and in the Canadian oil sands in a strategy to devote more cash to US shale plays, ConocoPhilips Chief Executive Ryan Lance said during a Feb. 28 investor and analyst meeting.

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