With natural gas stocks at levels below the seasonal norm after a summer of market rebalancing, analysts at Bank of America Merrill Lynch (BofA) Monday lifted their 2013 average gas price forecast by 25 cents to $3.75/MMBtu.
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Pemex Hits Second Gusher in Perdido
Six weeks after Mexico’s Petroleos Mexicanos (Pemex) reported its first deepwater discovery in the Gulf of Mexico, the producer said it has struck another big gusher nearby.
North Carolina Frack Debate Heating Up
Two weeks after a newly formed state oil and gas board met to begin deliberating North Carolina’s regulation of hydraulic fracturing (fracking), an environmental group has released a report of what it says are wide-ranging negative ramifications of the practice.
North Carolina Frack Debate Heating Up
Two weeks after a newly formed state oil and gas board met to begin deliberating North Carolina’s regulation of hydraulic fracturing (fracking), an environmental group has released a report of what it says are wide-ranging negative ramifications of the practice.
ExxonMobil Builds Bakken Portfolio with Denbury Agreement
ExxonMobil Corp. has increased its hold in the Bakken Shale to nearly 600,000 net acres after agreeing to acquire Denbury Resources Inc.’s entire portfolio in the play, 196,000 net acres. The North Dakota and Montana properties had average production in the first six months of this year of about 15,400 boe/d, 88% weighted to oil and liquids.
Acquisitions, New Products Seen Lifting Chemical Industry Growth
Chemical industry executives are going after strategic acquisitions and new product development to lift growth in the coming year in the face of “escalating input costs, stiffer competition and a struggling global economy,” according to a survey by KPMG LLP.
Obama Said Readying Cyber Security Executive Order
Taking matters into his own hands after the U.S. Congress failed to pass the Cybersecurity Act of 2012 this summer, President Obama appears to be preparing an executive order aimed at protecting critical national infrastructure, including power plants, and natural gas and crude pipelines, from cyber attacks.
Talisman Shake-Up Sends CEO Packing
Former TransCanada Corp. CEO Hal Kvisle was tapped last week to take over at Talisman Energy Inc. after CEO John A. Manzoni agreed to step down. The former BP plc executive, had led the company for the past five years (see NGI, June 4, 2007).
Obama Reportedly Readying Cyber Security Executive Order
Taking matters into his own hands after the U.S. Congress failed to pass the Cybersecurity Act of 2012 this summer, President Obama appears to be preparing an executive order aimed at protecting critical national infrastructure, including power plants, and natural gas and crude pipelines, from cyber attacks.
Talisman Shake-Up Sends CEO Packing
Former TransCanada Corp. CEO Hal Kvisle was tapped Monday to take over at Talisman Energy Inc. after CEO John A. Manzoni agreed to step down, effective immediately, the Calgary-based independent said.