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11/10/2006 04:55 PM
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Nigeria group to use flare gas for electricity
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The Kwale partners' flaring-reduction project will be the first in Nigeria to put associated natural gas to work generating electricity, officials of the International Finance Corp. and World Bank announced Nov. 10. Nigeria currently leads the world in reported flared gas.[
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11/10/2006 02:40 PM
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El Paso to acquire more South Texas production
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El Paso Corp.'s wholly owned subsidiary El Paso Exploration & Production Co. agreed to acquire producing properties and undeveloped acreage in Zapata County, Tex., for $255 million.
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11/10/2006 01:43 PM
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IEA: Oil to be fuel largest used through 2030
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According to the World Energy Report 2006, which International Energy Agency Executive Director Claude Mandil launched this week, fossil fuels will remain the dominant source of energy to 2030 and oil will remain the largest single fuel in the global energy mix, even if its share in overall energy supplies were to fall to 33% from today's 35%.
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11/10/2006 10:37 AM
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MARKET WATCHNatural gas prices jump as storage falls
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Energy futures prices were up across the board Nov. 9 in New York as natural gas reached its highest price in more than 3 months and the crude price settled at its highest level in 2 weeks.
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11/10/2006 10:25 AM
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Elections jostle the outlook for US energy issues
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Energy remains firmly on the national agenda following Nov. 7 congressional elections in which Republicans received what US President George W. Bush described as "a thumpin'."
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11/09/2006 03:31 PM
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BLM to hold drilling permit pilot hearings
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The US Bureau of Land Management will hold two public "listening sessions" Nov. 14 in Denver on the pilot program to improve federal oil and gas permit coordination.
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11/09/2006 10:24 AM
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MARKET WATCHOil prices rise as US distillate stocks fall
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Energy prices rose Nov. 8 in the New York market as US distillate stocks fell for the fifth straight week.
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11/09/2006 09:32 AM
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Newfield appoints Jasek GOM VP, general manager
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Newfield Exploration Co. has added to the role of its general manager of the Gulf of Mexico, John H. Jasek, promoting him to vice-president and general manager, Gulf of Mexico.
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11/08/2006 01:06 PM
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MARKET WATCHCrude prices fall in uncertain markets
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Crude prices fell Nov. 7, wiping out gains from the previous market session, with traders again unsure whether the Organization of Petroleum Exporting Countries will cut production as promised.
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11/08/2006 12:12 PM
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UKOOA: Skills shortage worries UK oil industry
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An acute lack of skilled engineers and technologists is threatening the development of the UK Continental Shelf (UKCS), speakers warned Nov. 7 at the UK Offshore Operators' Association (UKOOA) industry conference in Aberdeen.
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11/08/2006 11:14 AM
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Voters reject Alaska gas reserves tax proposal
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Alaska voters overwhelmingly rejected Ballot Measure 2, a proposal to tax North Slope natural gas reserves until an Alaska gas pipeline is built to deliver gas to the Lower 48.
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11/08/2006 11:13 AM
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California votes down state oil production tax
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California voters rejected a state ballot measure that would have taxed state oil production at rates depending on the price of crude and used the revenue to finance development of alternative energy.
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