Royal Dutch Shell plc’s incoming chief executive Wednesday announced a restructuring intended to streamline operations, cut overhead and speed decision-making. The changes are expected to affect thousands of the company’s 102,000 employees. The move follows project delays and cost overruns that have angered investors.
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Talisman Sells Legacy Assets for C$720M
In a move intended to focus more attention on unconventional natural gas plays, Calgary’s Talisman Energy Canada and affiliate Fortuna LP said Wednesday they are selling legacy properties in southeastern Saskatchewan and Daniels County, MT, for C$720 million.
Citi to Retain Gas, Power Trading in Houston
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.
Citi to Retain Gas, Power Trading in Houston
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.
Prospects Appear to Dim for Northern Gas Pipelines
The fate of two major long-haul natural gas pipelines intended to carry supplies to the Lower 48 appears to be stuck in neutral because of growing U.S. onshore production and the global financial crisis, U.S. and Canadian energy officials said.
Prospects Appear to Dim for Northern Gas Pipelines
The fate of two major long-haul natural gas pipelines intended to carry supplies to the Lower 48 appears to be stuck in neutral because of growing U.S. onshore production and the global financial crisis, U.S. and Canadian energy officials said.
Chesapeake Able to Meet Challenges, CEO Asserts
Chesapeake Energy Corp.’s shares took another tumble Wednesday after the company cut its cash flow outlook for the next two years on falling natural gas prices.
Alaska Governor Commits to LNG Project Support
An executive order signed recently by Alaska’s governor is intended to set in motion work on a liquefied natural gas (LNG) project that would liquefy gas from the state’s North Slope for tanker export to international markets.
House Republicans Offer Package of Energy Bills
Key House Republicans, led by House Energy and Commerce Ranking Member Joe Barton of Texas, Thursday rolled out a package of 13 energy bills that are intended to boost the supply of domestic energy.
FERC Approves Columbia’s Eastern Market Expansion
FERC on Monday issued certificates for Columbia Gas Transmission Corp.’s Eastern Market Expansion, which is intended to expand storage capacity by 5.66 Bcf and provide up to 94 MMcf/d of storage deliverability and associated firm pipeline capacity to serve gas distributors in Virginia and Pennsylvania.