Bismarck, ND-based MDU Resources Group Inc. plans to keep Fidelity E&P Co., the exploration and production (E&P) unit, off the sales block this year and instead plans to work to strengthen its value, CEO David Goodin said.
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Calgary-based Gasfrac Energy Services Inc., a developer of waterless hydraulic fracturing technology, is seeking protection from creditors as it attempts a restructuring.
Standard & Poor’s Ratings Services (S&P) gave a thumbs-down Thursday to Las Vegas, NV-based Southwest Gas Corp.’s ratings based on the natural gas-only utility’s purchase of some Canadian pipeline construction companies for more than $200 million.
Extreme winter weather during the first three months of this year helped BP plc grab the upside in domestic natural gas prices, which offset lower returns elsewhere in the group.
BP plc is taking a $521 million impairment on its Utica Shale acreage in Ohio and will not proceed with development in the play, top management said Tuesday.
GE Oil & Gas is buying Cameron’s reciprocating compression business for $550 million in a deal intended to leverage the expansion of shale gas development worldwide.
Continuing it’s transformation into a pure-play oil and natural gas exploration and production company, Hess Corp. has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) for the formation of Hess Retail Corp., a subsidiary containing convenience stores and gasoline refueling stations that the New York-based energy company said it will then seek to sell.
Despite the shutdown of the federal government, all of the Department of Energy’s Energy Information Administration (EIA) reports should be released on schedule this week and next, the agency said Tuesday. FERC also was conducting business as usual Tuesday for an unspecified time until its reserve funds run out. The Commodity Futures Trading Commission (CFTC) had only key personnel continuing to work.