Deepwater

Unconventional Plays Drew M&A’s Big Spenders Last Year

Shale gas plays have been a magnet for energy deals, and that was even more true last year, which saw a record dollar value for upstream energy mergers and acquisitions (M&A), driven largely by shale-related activity, according to consultancy Wood Mackenzie.

January 27, 2011

Chevron Grabs Million-Plus Acres in U.S. Shale Basins

Chevron Corp., which had eschewed domestic shale plays in favor of the deepwater, on Tuesday reversed course, agreeing to pay a total of $4.3 billion to acquire Atlas Energy Inc.’s million-acre-plus U.S. shale leasehold.

November 10, 2010

TORP LNG Application Gets Approval

The deepwater port license application submitted by TORP Terminal LP for the Bienville Offshore Energy Terminal has been approved by U.S. Maritime Administrator David T. Matsuda.

November 2, 2010

Impact from Drilling Moratorium to Linger, Says Shell Executive

Fallout from the drilling moratorium in the deepwater Gulf of Mexico (GOM) could last more than a year, the CFO of Royal Dutch Shell plc said Thursday.

November 1, 2010

Drilling Moratorium ‘An Opportunity Lost,’ Says Shell Executive

Fallout from the drilling moratorium in the deepwater Gulf of Mexico (GOM) could last more than a year, Royal Dutch Shell plc CFO Simon Henry said Thursday. He noted that Shell is taking a $59 million charge against its 3Q2010 results because of the moratorium.

November 1, 2010

Japan’s Marubeni Grabs BP GOM Stakes for $650M

A unit of Japan’s Marubeni Corp. last week agreed to buy BP plc’s stakes in four deepwater oil and gas fields in the Gulf of Mexico (GOM) for $650 million.

November 1, 2010

Japan’s Marubeni Buys BP GOM Stakes for $650M

A unit of Japan’s Marubeni Corp. on Monday agreed to buy BP plc’s stakes in four deepwater oil and gas fields in the Gulf of Mexico (GOM) for $650 million.

October 26, 2010

BP Pledges Gulf Assets as Spill Fund Collateral

BP plc on Friday pledged a bundle of its U.S. Gulf of Mexico assets as collateral for the $20 billion Deepwater Horizon Oil Spill Trust, which was set up to pay for disaster claims.

October 4, 2010

LNG Terminal Offshore Alabama Gets Governor’s OK

Alabama Gov. Robert Riley waited until it was down to the wire on his deadline to approve a proposed deepwater liquefied natural gas (LNG) terminal offshore Alabama in the Gulf of Mexico (GOM).

September 20, 2010

LNG Terminal Offshore Alabama Gets Governor’s Blessing

Alabama Gov. Robert Riley waited until it was down to the wire on his deadline to approve a proposed deepwater liquefied natural gas (LNG) terminal offshore Alabama in the Gulf of Mexico (GOM).

September 17, 2010