Plus

An affiliate of Japanese trading giant Mitsui & Co. Ltd. agreed to pay $1.4 billion to buy nearly a one-third stake (32.5%) in Anadarko Petroleum Corp.’s 700,000-plus Marcellus Shale leasehold, The Woodlands, TX-based producer said last week.

An affiliate of Japanese trading giant Mitsui & Co. Ltd. agreed to pay $1.4 billion to acquire a nearly one-third stake (32.5%) in Anadarko Petroleum Corp.’s 300,000-plus Marcellus Shale leasehold, The Woodlands, TX-based producer said early Tuesday.

An affiliate of Japanese trading giant Mitsui & Co. Ltd. agreed to pay $1.4 billion to acquire a nearly one-third stake (32.5%) in Anadarko Petroleum Corp.’s 300,000-plus Marcellus Shale leasehold, The Woodlands, TX-based producer said early Tuesday.

March natural gas futures continued Monday’s advance and finished on the plus side of the trading ledger, but observers say the market still has some convincing to do before any resumption of the earlier uptrend can continue.

March natural gas futures continued Monday’s advance and finished on the plus side of the trading ledger, but observers say the market still has some convincing to do before any resumption of the earlier uptrend can continue.

Chevron Corp. increased its natural gas and oil output by 9%-plus in October and November compared with the full final quarter of 2008, but the downstream segment was sharply lower on weaker refining margins, the oil major said late Monday.

Despite lows still due to be around freezing or a little lower on Christmas Eve, Northeast citygate numbers tanked — often by $2-plus — Wednesday. But most of the cash market was up or down less than a dime from flat as The Weather Channel (TWC) said a potential blizzard in much of the central U.S. will make holiday travel “very dangerous or impossible over portions of the region.”

El Paso Corp. on Tuesday cut around 6%, or 300, of its 5,000-plus workforce as part of its efforts to streamline operations, a spokesman told NGI.

The House Financial Services Committee last Thursday approved by a wide margin a measure that calls for sweeping overhaul of the $500 trillion-plus over-the-counter (OTC) derivatives market.