Citing jobs creation and other positive domestic economic multipliers, San Diego-based Sempra Energy on Monday filed with FERC for approval to construct liquefaction and export facilities at its existing Cameron liquefied natural gas (LNG) terminal in Hackberry, LA.
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Marathon Oil Corp. COO David E. Roberts Jr. has resigned effective Friday (Dec. 14) to “pursue other interests,” according to the company. Since joining the Houston-based producer in 2006, Roberts had been considered an important contributor to the upstream business. He was named senior vice president for business development and was promoted in 2008 to executive vice president of upstream, overseeing upstream and production. Roberts became COO when the company spun off its refining operations last year to become a pure-play explorer (see Daily GPI, July 1, 2011). He was said to be on the short list to succeed CEO Clarence Calazot, 62. The company declined to offer further details.
Most EQT Spending, Drilling in 2013 Will Target Marcellus
EQT Corp. plans to spend $1.5 billion on capital expenditures (capex), drill more than 170 wells and invest $320 million in midstream projects in 2013, according to the company’s operational forecast released Tuesday.
Miss-Understood Lime ‘Unconventional Conventional’ Play
What explorers know about the Mississippian Lime formation could fill a book. What they don’t know about the Midcontinent play could fill a few more, industry experts said Wednesday.
Range Takes Aim at Pennsylvania Lawmaker Over E-Mails
Pennsylvania state Rep. Jesse White (D-Cecil), who has frequently voiced his opposition to the state’s omnibus Marcellus Shale law and the potential impacts of gas drilling in the state, sent e-mails to Range Resources Inc. — the largest driller in his home county — asking for campaign contributions and a ride to the 2011 Superbowl on Range’s corporate plane.
Today’s Gas Market Is Nothing to Yawn At
Since the 2008 financial crisis, crude, metals and agricultural commodities markets are more highly correlated with each other and the S&P 500, so traders need to watch out. Good reason not to roll one’s eyes at natural gas, which lately some have dismissed as boring, an energy commodity markets veteran said.
Today’s Gas Market Is Nothing to Yawn At
Since the 2008 financial crisis, crude, metals and agricultural commodities markets are more highly correlated with each other and the S&P 500, so traders need to watch out. Good reason not to roll one’s eyes at natural gas, which lately some have dismissed as boring, an energy commodity markets veteran said.
BG Group Plans to Cut U.S. Drilling
BG Group, whose global expertise is centered around natural gas, on Wednesday said it plans to slash U.S. drilling, as well as other global gas-weighted projects, because of low commodity prices.
Citing Low Prices, BG to Cut U.S. Gas Drilling
BG Group, whose global expertise is centered around natural gas, said it plans to slash U.S. drilling, as well as other global gas-weighted projects, because of low commodity prices.
Statoil’s Marcellus Gas Headed to Canada
Statoil ASA on Thursday plans to begin delivering its U.S. natural gas produced in the Marcellus Shale to Canada to secure better prices.