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…
Articles from International
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.
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).
Checking a map is the first step to knowing where one is going, but when it comes to forecasting shale gas supply and demand, the map can throw some international gas end-users off course.
Apache Corp.announced several executive changes effective Jan. 1, 2014. COORod Eichleris transitioning to two newly created roles: executive adviser to the chairman and CEO of liquefied natural gas projects and upstream, as well as oversight of gas monetization, and corporate health, safety, environment and emergency response. Permian Basin Region Vice PresidentJohn Christmannis to become COO of North America. International Operations EVPTom Voytovichis becoming COO of International, whileMike Bahorich, chief technology officer, also assumes responsibility for exploration and production technology. Argentina Region Vice PresidentMichael Bosewould take over the Permian Region, whileDavid Chi, manager of Argentina production, would become interim region vice president.Rob Johnstonis to become vice president of the Central Region.