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National Oilwell Varco Sees Record Backlog as Equipment Orders Double

National Oilwell Varco Sees Record Backlog as Equipment Orders Double

Backlog for capital equipment orders in National Oilwell Varco’s (NOV) rig technology segment was $13.95 billion at the end of 2Q2013, a record high, 8% higher than at the end of 1Q2013 and 24% higher than at the end of 2Q2012, the company said Tuesday.

July 31, 2013

Shareholder Resolutions Again Target Energy Sector

Investors face an array of social and environmental shareholder resolutions in upcoming annual meetings, according to Proxy Review 2013, which was issued on Thursday.

March 11, 2013

ExxonMobil Expands Canada Shale Holdings

ExxonMobil Corp. last week offered US$3.14 billion to buy Celtic Exploration Ltd., a Calgary producer with a rich array of unconventional acreage spread across the Montney and Duvernay shales, as well as leaseholds in other formations in Alberta (AB) and British Columbia (BC). The offer has a cash value of about $2.6 billion, excluding debt.

October 22, 2012

ExxonMobil Expands Canada Shale Holdings with Celtic Exploration

ExxonMobil Corp. has offered US$3.14 billion in a cash and debt deal to buy Celtic Exploration Ltd., a Calgary producer with a rich array of unconventional acreage spread across the Montney and Duvernay shales, as well as leaseholds in other formations in Alberta (AB) and British Columbia (BC). The offer that was announced on Wednesday has a cash value of about $2.6 billion, excluding debt.

October 18, 2012

Private Equity Takes El Paso E&P in $7.15B Deal

A consortium of private equity investors is readying a $7.15 billion leveraged buyout of El Paso Corp.’s exploration and production (E&P) business, which includes an array of liquids-rich U.S. unconventional property that extends across Texas, Louisiana, the Raton Basin and the Rocky Mountains.

February 28, 2012

Another Marcellus Ethane Takeaway Idea Floated

Further proving that the array of proposed solutions for handling natural gas liquids (NGL) production from the Marcellus Shale is still fluid, recently there was word of another idea, which may or may not become a project.

September 20, 2010

Another Marcellus Ethane Takeaway Idea Is Floated

Further proving that the array of proposed solutions for handling natural gas liquids (NGL) production from the Marcellus Shale is still fluid, recently there was word of another idea, which may or may not become a project.

September 20, 2010

North American LNG Door Wide Open, Gazprom Exec Says

With the right prices North American liquefied natural gas (LNG) imports eventually will grow, and in any event the new array of receiving terminals in the United States gives it more options, according to the head of Gazprom’s U.S. marketing/trading operations. The Russian natural gas giant, which opened its Houston-based North American energy trading operations Oct. 1, intends to be an active physical and financial gas players throughout the nation (see Daily GPI, Oct. 2).

October 15, 2009

Report: Colorado Producers Pay ‘Bargain Basement’ Severance Taxes

“Bargain basement” severance taxes and a “dizzying array of exemptions and deductions” for the energy industry is costing Colorado a lot of money, according to a report by a nonprofit renewable energy group.

October 15, 2007

Report: Colorado Producers Pay ‘Bargain Basement’ Severance Taxes

“Bargain basement” severance taxes and a “dizzying array of exemptions and deductions” for the energy industry is costing Colorado a lot of money, according to a report by a nonprofit renewable energy group.

October 11, 2007
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