The dismal days of 2009 are behind the chemical industry, and while the global recession isn’t completely gone, there are brighter times ahead. Much of that is because of the revolution in shale natural gas and oil, speakers at the IHS World Petrochemical Conference said Wednesday in Houston.
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‘Nothing’ Off the Table to Lift Value, Says Devon CEO
Devon Energy Corp.’s North American onshore oil production jumped year/year 20% in 2012 as it continued to makeover its natural gas-weighted portfolio to higher margin liquids and oil targets, but more still needs to be done to squeeze the value of its portfolio, CEO John Richels said Wednesday. Oil appears to be the answer, and dry natural gas development still is off the table.
February 22, 2013
Apache Feeling the Love in Permian, Midcontinent
Apache Corp. is taking no prisoners in the Permian Basin nor in the Midcontinent after building output from the combined regions by almost 24% in 2012 from 2011. The Permian and Central operations in 4Q2012 by themselves represented 25% of Apache’s total global production at 197,000 boe/d.
February 19, 2013
TransCanada Sees Continued Weakness in NatGas Pipelines
Natural gas infrastructure “presents significant opportunities” in the long-term, but not so much today, TransCanada Corp. CEO Russ Girling said last week.
February 18, 2013
North American Shales Draw Global Investment
Unconventional oil and gas activities and production continued to make their significance felt in mergers and acquisitions (M&A) in the oil and gas sector last year, with much of the new domestic investment coming from foreign companies, according to Deloitte.
February 18, 2013
TransCanada CEO: ‘Continued Weakness’ in Natural Gas Pipelines
Natural gas infrastructure “presents significant opportunities” in the long-term, but not so much today, TransCanada Corp. CEO Russ Girling said Tuesday.
February 14, 2013
Deloitte: North American Shale Magnet for Foreign Companies
Unconventional oil and gas activities and production continued to make their significance felt in mergers and acquisitions (M&A) in the oil and gas sector last year, with much of the new domestic investment coming from foreign companies, according to Deloitte.
February 12, 2013
Fitch: Despite Shales, Foreign Oil Still Necessary
Make no mistake, the shale boom is a great thing for the country, but anyone expecting it to yield energy independence is in need of a reality check, according to Fitch Ratings.
January 14, 2013
Laclede Buying Southern Union Utilities in $1B Deal
The Laclede Group Inc. is buying Southern Union Co.’s Missouri Gas Energy (MGE) and New England Gas Co. (NEG) utilities for $1.035 billion in cash and debt. Southern Union was purchased earlier this year by Energy Transfer Equity LP (ETE) an affiliate of Energy Transfer Partners LP (ETP), which focuses on the midstream.
December 24, 2012
Colorado Producers Challenge Longmont’s Fracking Ban
The Colorado Oil and Gas Association (COGA) late Monday filed a lawsuit in a county district court seeking to invalidate the city of Longmont’s ban on hydraulic fracturing (fracking) within its city limits. COGA told the court the resolution essentially is a ban on oil/natural gas drilling.
December 20, 2012
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