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2004 Jun 12 |
Central African leaders of Chad and Cameroon officially opened the taps on one of the largest private investments in sub-Saharan Africa, a 663-mile, $3.7 billion pipeline snak-ing from Chad through virgin rain forests to the Atlantic. Links: Oil, Cameroon, Chad 
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2004 Jun 20 |
Iraq resumed oil exports of about 1 million barrels a day through its southern Basra terminal after completing repairs to pipelines sabotaged by insurgents. Links: Iraq, Oil
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2004 Jun 24 |
In Russia Yukos named Steven Theede, an American oil industry veteran, as chief executive. Yukos faced a $3.41 billion bill for back taxes. Links: Russia, Oil
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2004 Jun 30 |
From Nigeria it was reported that Alhaji Dokubo-Asari head of an ethnically diverse mix of fighters who chiefly worship Egbesu, the traditional god of war for ethnic Ijaw, was trying to wrest the oil-rich Niger Delta away from multinational oil giants and the government, and put it into the hands of "the people." Links: Oil, Nigeria
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2004 Jul 1 |
Interfax news reported that the Russian Tax Service is demanding another $3.3 billion from the Yukos oil company in back taxes for 2001. Links: Russia, Oil, Taxes
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2004 Jul 2 |
A Norwegian strike began targeting the oil exploration sector. It incidentally affected two mobile production units, the Petrojarl I, which ceased operations in early September, and the Petrojarl Varg. Links: Oil, Labor, Norway
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2004 Jul 2 |
Yukos, Russia's largest oil producer with an output of 1.7 million barrels per day, warned that it may have to shut down as a result of the legal onslaught. Links: Russia, Oil
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2004 Jul 4 |
It was reported that Libya's state-owned Tam Oil Co has bought the Niger unit of US oil major ExxonMobil Corp, in the first such deal following an end to US sanctions on Tripoli. Links: Niger, USA, Oil, Libya
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2004 Jul 18 |
Bolivians voted in favor of exporting the nation's vast natural gas reserves in a referendum designed by the president to defuse social unrest. Voters mandated higher taxes and greater government control over oil and gas. Links: Bolivia, Oil, Gas
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2004 Aug 7 |
Paul N. Adair (b.1915), Texas oil field firefighter, died. The 1968 film “Hellfighter” with John Wayne was based on his life. Links: Oil, Texas, Film
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2004 Aug 9 |
Oil prices for September delivery of light crude hit a record high of $44.98 since trading began in NYC in 1983. Links: Oil
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2004 Aug 18 |
Indian shares slid as oil prices surged to a new high of $47 a barrel, threatening domestic demand and growth in Asia's fourth-largest economy. Links: Oil, India
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2004 Aug 24 |
The Nigerian Senate ordered Anglo-Dutch oil giant Shell to pay 1.5 billion dollars (1.2 billion euros) compensation for damages caused by nearly 60 years of exploration in the Niger Delta. Links: Oil, Nigeria
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2004 Aug 25 |
Saboteurs attacked about 20 oil pipelines in southern Iraq, reducing exports from the key oil producing region by at least one third. Links: Iraq, Oil
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2004 Aug 27 |
In Iraq saboteurs hit a pipeline that runs within the West Qurna oilfields, 90 miles north of the southern city of Basra. Links: Iraq, Oil
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2004 Aug 30 |
Mexico’s state oil company said it believes that vast untapped oil reserves lie in the deep waters of the Gulf of Mexico. Links: Oil, Mexico
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2004 Sep 2 |
Halliburton said an internal investigation has found that a consortium it later took over (1998) had once considered bribing Nigerian officials to win a 1995 energy contract. Links: USA, Oil, Nigeria
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2004 Sep 7 |
British oil exploration firm Cairn Energy, which has announced a series of oil discoveries in India, said that oil in place in the Mangala field was estimated to reach one billion barrels, with recoverable reserves of 100-320 million barrels. Links: Britain, Oil, India
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2004 Sep 14 |
Saboteurs blew up a junction where multiple oil pipelines cross the Tigris River in northern Iraq, setting off a chain reaction in power generation systems that left the entire country without power. Links: Iraq, Oil
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2004 Sep 16 |
In Nigeria an oil pipeline exploded near Lagos as thieves tried to siphon oil from it, sparking a fire that killed at least 30 people. Links: Oil, Nigeria
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2004 Sep 20 |
Russia's embattled Yukos oil giant raised the stakes in its bitter standoff with the Kremlin as the company slashed supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow. Links: Russia, Oil, China
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2004 Sep 25 |
Marvin Davis (79), oil mogul and former owner of 20th Century Fox, died in Beverly Hills. Links: Oil, Film
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2004 Sep 27 |
In Nigeria militiamen trying to wrest control of the oil-rich Niger Delta threatened to launch a "full-scale armed struggle" on petroleum-pumping operations in Africa's largest crude oil producing nation. Links: Oil, Nigeria
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2004 Sep 29 |
In a deal paving the way for future joint ventures, U.S. oil giant ConocoPhillips has won an auction with a bid of nearly $2 billion US for the Russian government's 7.6 per cent stake in Russia's Lukoil - the world's No. 2 oil company by reserves. Links: Russia, USA, Oil
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2004 Sep |
Construction began on a 620-mile pipeline to take oil from eastern Kazakhstan into China’s western Xingjian region. Links: Kazakhstan, Oil, China
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We offer additional services to help you as well including
tax attorney help with tax relief issues,
auto accident attorney services, and
sustainable development information to research going green!
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2004 Oct 2 |
IMF and World Bank officials in Washington DC failed to resolve their differences over debt relief for the world's poorest countries and Iraq while expressing concern about the impact high oil prices would have on a strengthening global economy. Links: Oil, IMF, DC
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2004 Oct 5 |
Light crude oil for November closed at a record $51.09 per barrel. Links: Oil
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2004 Oct 6 |
Light crude oil for November closed in NYC at a record $52.02 per barrel. Links: Oil
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2004 Oct 7 |
Light crude oil for November closed in NYC at a record $52.67 per barrel. Links: Oil
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2004 Oct 11 |
Light crude oil for November closed in NYC at a record $53.64 per barrel. Links: Oil
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2004 Oct 14 |
Light crude oil for November closed in NYC at a record $54.76 per barrel. Links: Oil
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2004 Oct 25 |
The Norwegian Shipowners Association threatened to lock out more oil and gas rig workers, a move analysts said could result in a near shutdown of the third-largest petroleum exporter's production and drive world oil prices even higher. Links: Oil, Labor, Norway
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2004 Oct 31 |
In Nigeria unions declared the top oil multinational here, Royal Dutch/Shell, "an enemy of the Nigerian people" and called a Nov. 16 nationwide strike. Links: Oil, Labor, Nigeria
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2004 Nov 2 |
State-run Indian Oil Corp (IOC), the country's largest refiner, said it had signed an agreement with Iran's Petropars to bid for a $3 billion project to develop a gas field and set up a liquefaction plant in Iran. Links: Oil, India, Iran, Gas
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2004 Nov 25 |
In Singapore China Aviation Oil, CAO Singapore, filed for bankruptcy protection following an estimated loss of $550 million from a series of bets on oil prices. Links: Oil, China, Singapore
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2004 Dec 5 |
In Nigeria hundreds of protesters besieged two oil platforms run by Royal Dutch/Shell Group Cos. and ChevronTexaco Corp. in the southern oil region, shutting down production of 90,000 barrels of oil a day. Links: Oil, Nigeria
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2004 Dec 7 |
The German-registered MSC Ilona was punctured during a collision night with the Panama-registered Hyundai Advance near the mouth of the Pearl River, northwest of Hong Kong. The collision of the container ships caused a huge oil spill and cleanup effort. Links: Oil, China, Environment, Ship
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2004 Dec 7 |
Nigerian villagers lifted their blockade of three oil pumping stations in the volatile Niger Delta after energy giants Shell and ChevronTexaco agreed to discuss funding local development projects. Links: Oil, Nigeria
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2004 Dec 8 |
The 738-foot freighter, Selendang Ayu, ran aground off Unalaska Island and began leaking oil. 6 crew members were missing following an attempted rescue in which a Coast Guard helicopter crashed. The ship carried some 500,000 gallons of bunker oil and diesel fuel. Links: Oil, Environment, Alaska
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2004 Dec 10 |
OPEC agreed to reduce output by one million barrels a day in hopes of staving off further price declines without triggering a new buying frenzy. Links: Oil, OPEC
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2004 Dec 19 |
Russia's little-known BaikalFinansGroup bought Yuganskneftegaz, the core production unit of oil giant Yukos, at auction for $9.3 billion US. Links: Russia, Oil
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2004 Dec 22 |
Thieves stealing fuel from a pipeline in Nigeria set it ablaze as they fled from police, and at least 20 people died in the fire. Links: Oil, Nigeria, Fire
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2004 Dec 22 |
In an apparently secret deal, the state-owned Rosneft oil company bought BaikalFinansGroup, the obscure company that purchased Yukos' most important production unit at auction Dec 19. The Yuganskneftegaz subsidiary was sold for $9.3 billion, half of what foreign auditors say it was worth. Links: Russia, Oil
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2004 Dec 23 |
Mexico's state-owned oil monopoly will be fined as much as $200,000 and could face criminal charges for spilling 5,000 barrels of crude into a river leading to the Gulf of Mexico a day earlier. Links: Oil, Environment, Mexico
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2004 Dec 25 |
President Fidel Castro said a 100-million-barrel crude oil deposit had been discovered off Cuba by Canadian firms. Cuba imports about half the petroleum it needs. Links: Oil, Cuba
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We offer additional services to help you as well including
tax attorney help with tax relief issues,
auto accident attorney services, and
sustainable development information to research going green!
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2004 Dec 25 |
Algeria's Energy Minister Chakib Khelil said exports of oil and gas will bring in over 31 billion dollars (24 billion euros) in 2004. Links: Algeria, Oil, Gas
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2004 Dec 28 |
Albania, Bulgaria and Macedonia gave political support to a $1.2 billion private trans-Balkan pipeline that will allow Russian and Caspian crude oil to avoid Turkish waters. Links: Albania, Russia, Bulgaria, Oil, Macedonia
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2004 Dec 30 |
Russia said it would form a new state oil company base on the core operations of Yukos and that it would offer a minority stake to China. Links: Russia, Oil, China
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2004 |
Stephen and Donna Leeb authored “The Oil Factor” and claimed that the price of oil will soar above $100 per barrel by the end of the decade. Links: Oil, Books
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2004 |
Venezuela’s government built a $9 million outpost on Isla de Aves, 380 miles from its coast and much closer to Dominica, Antigua and Puerto Rico. The island measured 1,900 feet long and 1,640 feet wide. Fishing waters offshore teem with tuna, grouper and red snapper, while oil and natural gas are thought to lie under the sea floor. Links: Dominica, Venezuela, Oil, Antigua, Puerto Rico, Gas, Fish
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2004 |
Amory Lovins, head of the Rocky Mountain Institute (RMI), authored “Winning the Oil Endgame.” Lovins offered a plan for reducing US oil use by 50% by 2025, and ending foreign oil dependency based on a study funded by the Pentagon. Links: USA, Oil, Books
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2005 Jan 12 |
Nigeria made public plans to build a second $6-billion liquefied natural gas (LNG) plant in the southwestern state of Ondo. Links: Oil, Nigeria
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2005 Jan 16 |
Qatar Gas Transport planned the country’s largest share flotation. They recently unveiled a large LNG project with Exxon. Links: Qatar, Oil
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2005 Jan 21 |
The US Bureau of Land Management (BLM) posted a decision to open thousands of acres on Alaska’s North Slope for exploratory oil drilling. Links: USA, Oil, Alaska
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2005 Jan 29 |
Libya granted its first oil exploration licenses in over four decades, awarding 15 permits to foreign companies, with US companies taking the lion's share. PM Shukri Ghanem said Libya has opted for a policy of open communication with total transparence." Links: Oil, Libya
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2005 Jan 30 |
OPEC warned that oil prices, already hovering near $50 a barrel, would remain high through the spring, even as the cartel decided to keep its production ceiling at 27 million barrels a day. Links: Oil, OPEC
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2005 Feb 1 |
China lent Russia $6 billion to help finance the nationalization of OAO Yukos. The loan was in effect a forward payment for some 48 million metric tons of crude oil. Links: Russia, Oil, China
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2005 Feb 1 |
Venezuela’s Pres. Chavez said he intends to sell his country’s interests in 8 US oil refineries. Links: Venezuela, USA, Oil
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2005 Feb 3 |
An interim UN report zeroed in on the chief of the oil-for-food program, Benon Sevan, saying Saddam Hussein's regime awarded oil allocations in his name to a trading company between 1998 and 2001. Links: Iraq, Oil, Food
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2005 Feb 4 |
The Nigerian army quelled a demonstration at one of Nigeria's main oil export terminals, while activists accused the soldiers of killing four protesters. Links: Oil, Nigeria
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