Giant

ExxonMobil Corp., which is buying onshore natural gas shale giant XTO Energy Inc., disclosed on Monday that it also has partnered with a privately held Pennsylvania-based independent to explore nearly 300,000 net acres in the Marcellus Shale.

Richard Kinder, the CEO of midstream giant Kinder Morgan Energy Partners LP (KMP), told financial analysts last week that “no matter how you cut the candy, you’re going to have natural gas as the fossil fuel of choice in the United States.”

Richard Kinder, the CEO of midstream giant Kinder Morgan Energy Partners LP (KMP), told financial analysts late Wednesday that “no matter how you cut the candy, you’re going to have natural gas as the fossil fuel of choice in the United States.”

Wasting no time in making its presence felt in North America, Gazprom Marketing & Trading Ltd. (GM&T), a subsidiary of Russian natural gas giant Gazprom, jointly announced last week with France’s EDF Trading an agreement to swap natural gas between the United States and United Kingdom markets.

Wasting no time in making its presence felt in North America, Gazprom Marketing & Trading Ltd. (GM&T), a subsidiary of Russian natural gas giant Gazprom, jointly announced Tuesday with France’s EDF Trading an agreement to swap natural gas between the United States and United Kingdom markets.

Despite recording oil and natural gas production increases from 2Q2008 to 2Q2009, lower commodity prices forced exploration and production giant Occidental Petroleum Corp. (Oxy) to record a 70% decrease in net income from one period to the next. Production levels for the company look like they will remain robust, especially after the company last week announced that it had made a “significant” discovery of oil and gas reserves in Kern County, CA.

Despite recording oil and natural gas production increases from 2Q2008 to 2Q2009, lower commodity prices forced exploration and production giant Occidental Petroleum Corp. (Oxy) to record a 70% decrease in net income from one period to the next.

Citigroup’s natural gas and power trading operations are to remain in Houston following completion of a reorganization intended to bolster the struggling banking giant, which has been rocked by the Wall Street crisis.

Citigroup’s natural gas and power trading operations are to remain in Houston following completion of a reorganization intended to bolster the struggling banking giant, which has been rocked by the Wall Street crisis.