Cabot Oil & Gas Corp. is seeking a joint venture (JV) partner to develop its Haynesville and Mid-Bossier Shale leasehold in San Augustine, Nacogdoches and Sabine counties in East Texas. And East Texas Oil & Gas LLC (ETOG) is offering an East Texas JV opportunity in Leon, Madison, Brazos and Robertson counties.
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Hayward Out; Spill Fixer Dudley In as BP CEO
BP plc CEO Tony Hayward will step down to be replaced by current BP Managing Director Robert Dudley on Oct. 1, the company said last week. Dudley will be the first American to lead the UK-based company, which has seen its image in the United States all but destroyed following the blowout of its Macondo well, causing the largest oil spill in U.S. history.
Hayward Out; Spill Fixer Dudley In as BP CEO
BP plc CEO Tony Hayward will step down to be replaced by current BP Managing Director Robert Dudley on Oct. 1, the company said Tuesday. Dudley will be the first American to lead the UK-based company, which has seen its image in the United States all but destroyed following the blowout of its Macondo well, causing the largest oil spill in U.S. history.
Analyst Sees No Threat to Producers from LNG
Relative to crude oil, the long-term outlook for strength in natural gas prices “has some significant headwinds,” according to Tudor, Pickering, Holt & Co. LLC (TPH) Managing Director David Pursell. But while there is plenty to worry about in the gas patch — oversupply, for one — liquefied natural gas (LNG) imports are not among the threats to gas producers, he said.
Analyst: Rig Count Must Fall; LNG Stays Away
Relative to crude oil, the long-term outlook for strength in natural gas prices “has some significant headwinds,” according to Tudor, Pickering, Holt & Co. LLC (TPH) Managing Director David Pursell. But while there is plenty to worry about in the gas patch — oversupply, for one — liquefied natural gas (LNG) imports are not among the threats to gas producers, he said.
CFTC Settles Charges Against BMO Trader’s Supervisor
The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against Robert Moore of Connecticut, former executive managing director for the Bank of Montreal’s (BMO) Commodity Derivatives Group, relating to the mismarking and misvaluing of BMO’s natural gas options book by a trader he supervised, the CFTC said Monday.
CFTC Settles Charges Against BMO Trader’s Supervisor
The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against Robert Moore of Connecticut, former executive managing director for the Bank of Montreal’s (BMO) Commodity Derivatives Group, relating to the mismarking and misvaluing of BMO’s natural gas options book by a trader he supervised, the CFTC said Monday.
BP CEO Says ‘Little Evidence’ of Energy Demand Growth
BP plc’s quarterly profits fell by half from the same period a year ago, but the company still is managing to surpass cost-cutting targets and increase its oil and natural gas output, CEO Tony Hayward said last week. The company, however, doesn’t think a global economic recovery — or energy demand growth — will happen this year.
GasMart 2009: Gazprom Readies Entry into North American Gas Markets
Up to 1.5 Bcf/d of Russian liquefied natural gas (LNG) could make its way into North American markets by the end of this year, the managing director of Gazprom Marketing & Trading USA Inc. (GM&T) told a large crowd Wednesday at Intelligence Press Inc.’s GasMart 2009.
Gazprom to Launch Gas Marketing in North America by Year’s End
Up to 1.5 Bcf/d of Russian liquefied natural gas (LNG) will make its way into North American markets by the end of this year, the managing director of Gazprom Marketing & Trading USA Inc. (GM&T) told a large crowd Wednesday at Intelligence Press Inc.’s GasMart 2009.