Massive

As has been rumored for weeks, French energy giant Total SA is paying $2.32 billion to acquire a one-quarter stake in Chesapeake Energy Corp.’s massive Utica Shale leasehold in Ohio in the second big partnership targeting unconventional oil and gas between the companies.

The first shipment of gas-to-liquid (GTL) base oil from the massive Pearl GTL plant in Qatar arrived at the Port of Houston last Wednesday, Shell Lubricants said.

Chevron Corp. said last week its Australian subsidiary will proceed with the massive Wheatstone Project in Western Australia to boost the commercialization of gas resources in the region. The first phase includes construction of two liquefied natural gas (LNG) processing trains and attendant infrastructure costing $29 billion.

Chevron Corp. said Monday its Australian subsidiary will proceed with the massive Wheatstone Project in Western Australia to boost the commercialization of gas resources in the region. The first phase includes construction of two liquefied natural gas (LNG) processing trains and attendant infrastructure costing $29 billion.

Chesapeake Energy Corp. has created an oilfield services unit to house its growing business and to complement its massive U.S. drilling program. A former Boots & Coots executive was named CEO.

Chesapeake Energy Corp. has created an oilfield services unit to house its growing business and to complement its massive U.S. drilling program. A former Boots & Coots executive was named CEO.

The boom in shale gas and the increased use of natural gas will solve some, but not all, of the world’s problems with energy use, according to an essay, one of two articles on the world impact of shale gas in a recent issue of the British weekly news magazine, The Economist.

New York’s registered voters favor the economic benefits of drilling in the Marcellus Shale more than they fear environmental problems, according to a poll released on Thursday by Quinnipiac University. All voters — Republicans, Democrats and Independents — also favor taxing gas producers.

Though not nearly as massive as those on Friday, further big drops at several Northeast citygates again led continuing softness in most of the market Monday. Most of the small gains were concentrated at western locations.