International

Noble Energy Shareholders Say Yes to Chevron Marriage

Noble Energy Shareholders Say Yes to Chevron Marriage

Shareholders of Houston-based Noble Energy Inc. on Friday approved a pending merger with Chevron Corp. in a special meeting, all but guaranteeing the tie up will be completed by year’s end. Chevron in July clinched a definitive agreement in an all-stock transaction worth $5 billion that carried a total enterprise value, including debt, of $13…

October 2, 2020
Australian Natural Gas Auctions Said Competitive Even as Bigger Players Dominate

Australian Natural Gas Auctions Said Competitive Even as Bigger Players Dominate

Spot prices in Eastern Australia’s domestic natural gas auctions generally are close to marginal supply prices even though three large firms dominate the markets, according to a market expert. Regulated auctions with bids and offers set the daily prices for wholesale gas in four eastern Australian markets, with prices typically a netback to Asian liquefied…

July 21, 2020
Chevron’s $13B Deal for Noble to Add Lower 48 Heft, Natural Gas Promise in Offshore Eastern Med, Equatorial Guinea

Chevron’s $13B Deal for Noble to Add Lower 48 Heft, Natural Gas Promise in Offshore Eastern Med, Equatorial Guinea

Chevron Corp. has clinched a definitive agreement to acquire Houston super independent Noble Energy Inc. in an all-stock transaction worth $5 billion that carries a total enterprise value, including debt, of $13 billion. The transaction, which values Noble at $10.38/share, would trade 0.1191 Chevron shares for each Noble share. Noble’s massive natural gas operation offshore…

July 20, 2020
Weatherford Boosts 2016 Cash Flow Estimates on Reduced Overhead, Efficiencies

Weatherford Boosts 2016 Cash Flow Estimates on Reduced Overhead, Efficiencies

Weatherford International plc, working overtime to overcome a string of poor quarterly performances, this year expects to generate cash flow well above forecasts after reining in costs and bringing in more cash than it spent in 2015 for the first time in five years.

February 5, 2016

U.S. LNG Exports to Boost Trading Flexibility, Says IEA

The global natural gas trade should increase much more rapidly than pipeline gas over the next 25 years, with U.S. gas exports helping to diversify the market and make trading more flexible, the International Energy Agency (IEA) said Tuesday.

November 11, 2015

Trucked CNG Extends Its Journey With New York Paper Plant

Compressed natural gas (CNG) hit the road again in New York state Thursday. Vermont-based NG Advantage LLC signed an 18-month contract extension with International Paper’s Ticonderoga, NY, paper mill to continue fueling its operations with CNG (see Daily GPI,April 23).

October 15, 2015

Apache Reorganizes, Putting Bigger Focus on Permian

Apache Corp., under pressure to sell or spin off its international portfolio to focus on the U.S. onshore, on Monday said it has reorganized its global operations, with the North American businesses, including Canada, now part of two “super” Permian and Houston regional units.

June 1, 2015

New York Paper Mill Chooses CNG as Energy Source

Having abandoned plans earlier this year to tap into a pipeline for natural gas, International Paper’s mill in Ticonderoga, NY, moved this month to line up trucked-in supplies of compressed natural gas (CNG).

April 23, 2015

WPX’s Apco Sale Called Positive for Onshore Growth

WPX Energy Inc. should be able to put more muscle into its western onshore prospects after it receives an expected $294 million following a merger of international subsidiary Apco Oil and Gas International and privately held Pluspetrol Resources Corp., analysts said Friday.

October 3, 2014

International Shale Exploration ‘High and Rising’

The Cooper Basin in Australia, Argentina’s Neuquen Basin and two formations in Turkey are the best prospects today for global unconventional production based on their geology, market access/pricing and regulatory schemes, according to an analysis by Tudor, Pickering, Holt & Co. (TPH).

December 11, 2013
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