Investing

In addition to investing in its California utilities, Sempra Energy plans to ride the growing U.S. bandwagon for exporting plentiful domestic supplies of liquefied natural gas (LNG) through a $7 billion joint venture and midstream master limited partnership (MLP) centered on its under-used Cameron LNG receiving facility in Louisiana, according to CEO Debra Reed, who spoke Thursday at a Sempra financial analysts’ conference in San Diego.

Chemical industry executives are believers in the North American shale gas miracle, and they’re investing accordingly. But there’s still time to blow it with bad policies and regulation, speakers at a Houston industry conference said.

Japan’s Mitsubishi Corp. is investing $2.9 billion to acquire a 40% stake in Encana Corp.’s Cutbank Ridge leasehold in British Columbia, the companies said Friday. The deal is set to close this month.

The White House last week credited the U.S. natural gas industry with helping to fuel recent gains in domestic manufacturing.

The U.S. onshore natural gas industry is helping to fuel recent gains in domestic manufacturing, the White House said in a report Wednesday.

The White House on Wednesday credited the U.S. natural gas industry with helping to fuel recent gains in domestic manufacturing.

China’s Sinopec International Petroleum Exploration & Production Corp. (SIPC) is investing $2.2 billion with Devon Energy Corp. in exchange for one-third of Devon’s interest in five new venture plays, the Oklahoma City-based independent said Tuesday.

Recent production test results from the first two horizontal wells completed in the Tuscaloosa Marine Shale (TMS) in Louisiana have been encouraging and there is likely more good news to come, according to the state’s Department of Natural Resources (DNR) secretary.

Williams is investing C$311 million to expand two Alberta off-gas facilities that would support a new long-term agreement to produce up to 17,000 b/d of ethane and ethylene for Canadian petrochemical heavyweight NOVA Chemicals Corp.