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Offshore drillers Ensco plc and Pride International Inc. are combining in a $7.3 billion cash-and-stock deal, a transaction that highlights the “post-Macondo” world, Ensco CEO Dan Rabun said Monday.

Post-holiday heat forecasts and futures gain prove sufficient to rally most of the cash market.

Marathon Oil Corp. reversed the losses it incurred a year earlier to post a strong profit in the final quarter of 2009, but with troubles in its refining and marketing (R&M) sector, the producer plans to divert more spending in 2010 to the upstream to concentrate on its unconventional gas and oil shale plays.

Marathon Oil Corp. reversed the losses it incurred a year earlier to post a strong profit in the final quarter of 2009, but with troubles in its refining and marketing (R&M) sector, the producer plans to divert more spending in 2010 to the upstream to concentrate on its unconventional gas and oil shale plays.

Marathon Oil Corp. reversed the losses it incurred a year earlier to post a strong profit in the final quarter of 2009, but with troubles in its refining and marketing (R&M) sector, the producer plans to divert more spending in 2010 to the upstream to concentrate on its unconventional gas and oil shale plays.

It’s no more than an early indicator now, but soon California’s oil/gas-rich and agricultural-based central valley may become a harbinger for America’s transition to the post-carbon age. A host of small alternative energy businesses are springing up in the oil and farm heartland of the state, along with a proposed cutting-edge carbon capture and storage (CCS) project that recently won a $308 million U.S. Department of Energy (DOE) grant from the stimulus package.

It’s no more than an early indicator now, but soon California’s oil/gas-rich and agricultural-based central valley may become a harbinger for America’s transition to the post-carbon age. A host of small alternative energy businesses are springing up in the oil and farm heartland of the state, along with a proposed cutting-edge carbon capture and storage (CCS) project that recently won a $308 million U.S. Department of Energy (DOE) grant from the stimulus package.

As expected, the post-holiday rally in cash prices was unable to sustain itself any longer in the face of receding weather-based demand and weakening futures support. Quotes fell at a large majority of points Thursday, although generally by small amounts. A few flat to a little less than a nickel higher locations resulted in mixed price movement overall.

The expansion of its Cove Point liquefied natural gas (LNG) terminal on the eastern shore of Maryland helped Dominion post 2Q2009 earnings of $454 million (76 cents/share), up 52% compared with $298 million (51 cents) in 2Q2008, the Richmond, VA-based company said Friday.