Investments

Encana Corp., Canada’s No. 1 natural gas producer, on Tuesday said it has ended talks with a subsidiary of PetroChina International Ltd. to jointly develop a gassy Cutbank Ridge leasehold, which straddles the borders of northeast British Columbia (BC) and northwest Alberta.

Harvest Natural Resources Inc. (HNR) has completed the sale of its oil and gas assets in the Uinta Basin of Utah to an affiliate of Newfield Exploration Co. for $215 million in cash, Houston-based HNR said Wednesday. The sale has an effective date of March 1.

Port Arthur, TX, is slated to be the site of a new multi-user rail terminal to handle delivery of Bakken Shale crude oil to the Gulf Coast for distribution to pipeline or refining consumers in Texas.

Chesapeake Energy Corp. said last week it plans to sell all of its Fayetteville Shale assets, as well as its equity investments in Frac Tech Holdings LLC and privately held Chaparral Energy Inc. Pre-tax proceeds could exceed $5 billion, the Oklahoma City-based company said.

Chesapeake Energy Corp. said Monday it plans to sell all of its Fayetteville Shale assets, as well as its equity investments in Frac Tech Holdings LLC and privately held Chaparral Energy Inc. Pre-tax proceeds could exceed $5 billion, the Oklahoma City-based company said.

Chesapeake Energy Corp. said Monday it plans to sell all of its Fayetteville Shale assets, as well as its equity investments in Frac Tech Holdings LLC and privately held Chaparral Energy Inc. Pre-tax proceeds could exceed $5 billion, the Oklahoma City-based company said.

The shale revolution in the United States has created “huge uncertainties” for international natural gas markets that likely will inhibit investments in gas — both conventional and unconventional — and in many renewables, London-based analyst Chatham House said last week.

The shale revolution in the United States has created “huge uncertainties” for international natural gas markets that likely will inhibit investments in gas — both conventional and unconventional — and in many renewables, London-based analyst Chatham House said Friday.

Sempra Energy expects annual capital expenditures and investments to average approximately $2.9 billion through 2014, up from about $2.4 billion annually during the previous five years, CEO Donald E. Felsinger said Thursday.