Foreign

Foreign Producers Eschew Onshore Gas Portfolios

Foreign energy producers Statoil ASA, BHP Billiton Ltd. and BG Group plc, which have eagerly — and substantially — invested in U.S. unconventional natural gas over the past few years, are eschewing the low-priced fuel and following other operators to domestic liquids and oil plays, executives said this week.

February 10, 2012

Foreign Investors Eyeing Stake in Frac Tech, Sources Say

Texas-based Frac Tech Services LLC, a hydraulic fracturing (fracking) specialist, apparently is in talks to sell a stake in the company to one of three foreign oil giants for $2 billion-plus and also is close to completing joint ventures (JV) to work overseas on unconventional oil and gas prospects, sources told NGI’s Shale Daily on Thursday.

December 19, 2011

Federal Report: Shale Gas Expanding in Ohio, Texas

The Federal Reserve Board took notice of an expanding shale gas industry in parts of the country as the national economy grew at a moderate pace, according to a report released Wednesday.

December 2, 2011

Cornell Study Counters TransCanada’s Keystone Jobs Claim

A study by the Global Labor Institute at Cornell University counters recent claims by TransCanada Corp.’s CEO Russ Girling that the controversial Keystone XL oil pipeline from the Alberta-U.S. international border to refineries in the Gulf of Mexico (GOM) region could create as many as 20,000 new jobs.

November 9, 2011

UK Shale Formation Said to Possibly Rival U.S. Fields

A UK-based exploration company whose management team has unconventional exploration experience in the United States claims to have discovered a natural gas shale field near Blackpool, in Lancashire, England, that may rival rock in the United States.

September 26, 2011

Chevron CEO: U.S. Poised for ‘Energy Renaissance’

The United States is poised for an “energy renaissance” that would give it independence from foreign energy supplies and create thousands of jobs, but it won’t happen without federal policies that expand domestic access to resources and give companies more regulatory clarity, Chevron Corp. CEO John Watson said last week.

September 5, 2011

Chevron CEO: U.S. Poised for ‘Energy Renaissance’

The United States is poised for an “energy renaissance” that would give it independence from foreign energy supplies and create thousands of jobs, but it won’t happen without federal policies that expand domestic access to resources and give companies more regulatory clarity, Chevron Corp. CEO John Watson said Wednesday.

September 2, 2011

BHP Billiton-Petrohawk Merger Clears Final Regulatory Hurdle

The Committee on Foreign Investment in the United States has given Australia’s BHP Billiton Ltd. and shale patch pioneer Petrohawk Energy Corp. the final necessary regulatory green light for their proposed $12.1 billion merger, concluding that the deal poses no national security issues of concern, the companies said.

August 22, 2011

BHP Billiton Cleared to Close $12.1B Petrohawk Merger

The Committee on Foreign Investment in the United States has given Australia’s BHP Billiton Ltd. and shale patch pioneer Petrohawk Energy Corp. the final necessary regulatory green light for their proposed $12.1 billion merger, concluding that the deal poses no national security issues of concern, the companies said.

August 22, 2011

Report: Marcellus Offers Energy, Education, Industrial Opportunities

The Pittsburgh region is poised to enjoy freedom from foreign energy and a new era of self-sufficiency, thanks to development of the Marcellus Shale, according to a recent report.

August 18, 2011