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General Interest 2013 P9

  • 03/13/2013 -- Badly damaged PDVSA should be replaced, founding board member says
    Venezuela’s national oil company was so badly damaged during Hugo Chavez’s regime that it will need to be replaced, a founding board member of Petroleos de Venezuela SA (PDVSA) declared.
  • 03/13/2013 -- MARKET WATCH: New York crude futures prices continue to rise
    The price of crude continued rising in the New York market with the front-month contract inching up 0.4% Mar. 12 as the US dollar slipped against the yen for the first time in a week and US Treasury prices rose as investors took advantage of recently higher yields. Front-month natural gas dipped 0.1%.
  • 03/13/2013 -- API launches oil tax ad campaign as budget reform discussions grow
    The American Petroleum Institute plans to launch a television and online video advertising campaign to remind members of Congress that passing punitive oil and gas taxes to reduce the federal deficit would be short-sighted and counterproductive in the long run.
  • 03/12/2013 -- Chevron on target for production goals in 2017 and beyond
    Chevron Corp. is on schedule to deliver its 2017 production target of 3.3 million boe/d because 98% of its targeted production already is in design, construction, or production.
  • 03/12/2013 -- EIA: Worldwide liquid fuels consumption to rise in 2013-14
    Worldwide liquid fuels consumption will reach 90.1 million b/d in 2013 and 91.5 million b/d in 2014, due to a moderate recovery in global economic growth, the US Energy Information Administration forecast in its latest Short-Term Energy Outlook. EIA estimates that world liquid fuels consumption was 89.1 million b/d in 2012.
  • 03/12/2013 -- Bloomer new chief executive of Connacher
    Christopher Bloomer, formerly with Petrobank Energy & Resources, has been named chief executive officer and a director of Connacher Oil & Gas Ltd., an independent oil sands producer based in Calgary.
  • 03/11/2013 -- House members offer proposal to jump-start Keystone XL approval
    US House Energy and Commerce Committee members released a discussion draft of legislation designed to jump-start approval of the proposed Keystone XL crude oil pipeline project.
  • 03/11/2013 -- MARKET WATCH: New York crude prices continue rally
    Crude prices continued to climb Mar. 8 in the New York futures market on news the US unemployment rate slipped to 7.7% in February—its lowest level in 4 years—from 7.9% in January.
  • 03/08/2013 -- MARKET WATCH: Surprise withdrawal boosts gas price
    A larger-than-expected withdrawal of natural gas from US underground storage boosted the front-month gas contract 3.2% Mar. 7 in the New York futures market while crude bounced back “a healthy 1.1%” from the previous day’s loss.
  • 03/07/2013 -- MARKET WATCH: Unexpected inventory gain undercuts crude prices
    A bigger-than-expected jump in US crude inventory overcame worries about the fate of Venezuela following President Hugo Chavez’s death, triggering reduction of oil prices Mar. 6.
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