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…
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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…
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…
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.
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.
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).
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.
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.
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).