Royal Dutch Shell plc has launched a strategic review of its North American oil and gas operations, particularly the unconventional assets, after taking a charge of more than $2 billion on the value of its U.S. and Canadian liquids-rich properties.
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After gaining access earlier this year to a big bundle of onshore and offshore opportunities in the United States, Freeport-McMoRan Copper & Gold Inc. now is reworking its strategy to relieve the cost burden and increase production, top executives said last week.
Nearly two months after securing Mitsubishi Corp. as its foundation shipper, Tennessee Gas Pipeline is holding an open season through Aug. 9 for its Southwest Louisiana Supply Project, which is designed to provide transportation from various supply basins in Ohio, Pennsylvania, Texas and Louisiana to Cameron Interstate Pipeline, which connects directly to the proposed Cameron LNG export terminal in Hackberry, LA.
Three years after the Macondo well blowout and resulting drilling moratorium, oil and gas exploration has been slowly but surely returning to the Gulf of Mexico (GOM). On Wednesday Royal Dutch Shell plc reported a successful exploratory well at Vicksburg in the deepwater GOM.
Natural gas is a critical part of Colorado’s “all of the above” energy strategy, and it is encouraging its increased development, including the use of hydraulic fracturing (fracking), in a safe and responsible way that can be managed between government and industry, said Gov. John Hickenlooper as part of a Western Governors’ Association (WGA) three-part energy report.
In the midst of calls to “throw the book” at Pacific Gas and Electric Co. (PG&E) after the San Bruno natural gas transmission pipeline explosion (see Daily GPI, June 7), a California regulator on Thursday found reason to praise the often-criticized San Francisco-based combination utility.
BreitBurn Energy Partners LP is adding to its Permian Basin portfolio after agreeing to pay about $860 million for stakes in Whiting Petroleum Corp.’s Postle and North East Hardesty oilfields in Oklahoma.
If ExxonMobil Corp. has its way, it could be exporting natural gas from the United States and Canada to overseas markets, after the supermajor on Wednesday filed for permission to export 30 million metric tons a year (mmty) of liquefied natural gas (LNG) from the west coast of British Columbia (BC).
Pennsylvania Gov. Tom Corbett fired Department of Conservation and Natural Resources (DCNR) Secretary Richard Allan on Thursday after he reportedly used offensive language in email messages, disparaging another government employee.