Selling

Dominion is selling its natural gas and oil exploration and production (E&P) business to a newly formed subsidiary of major coal player Consol Energy Inc. for $3.475 billion in cash, the companies said Monday. The deal includes rights to about 491,000 acres in the Marcellus Shale.

With Royal Dutch Shell’s earnings in free-fall during the last three months of 2009, the oil major is selling some refineries and shifting some spending to the upstream to prepare for a longer-term focus on natural gas, CEO Peter Voser said Thursday.

With Royal Dutch Shell’s earnings in free-fall during the last three months of 2009, the oil major is selling some refineries and shifting some spending to the upstream to prepare for a longer-term focus on natural gas, CEO Peter Voser said Thursday.

With Royal Dutch Shell’s earnings in free-fall during the last three months of 2009, the oil major is selling some refineries and shifting some spending to the upstream to prepare for a longer-term focus on natural gas, CEO Peter Voser said Thursday.

After selling off for much of the week as temperatures moderated, natural gas futures bears took a little bit of a break on Friday as the March contract got as low as $5.094 before closing at $5.131, down seven-tenths of a cent from Thursday’s finish.

After selling off for much of the week as temperatures moderated, natural gas futures bears took a little bit of a break on Friday as the March contract got as low as $5.094 before closing at $5.131, down seven-tenths of a cent from Thursday’s finish.

El Paso Corp. is cutting its dividend, selling assets and reducing internal costs to fund the launch of nearly $1 billion in natural gas pipeline projects and pay for about $1 billion of exploration and production (E&P) projects in 2010, CEO Doug Foshee told financial analysts last week.

El Paso Corp. is cutting its dividend, selling assets and reducing internal costs to fund the launch of nearly $1 billion in natural gas pipeline projects and pay for about $1 billion of exploration and production (E&P) projects in 2010, CEO Doug Foshee told financial analysts Wednesday.

After starting the week on Monday with a 37.8-cent rally, the September natural gas futures contract finished the week Friday with a continuation of Thursday’s selling spree. The front-month contract shaved another 6.9 cents off its value during Friday’s regular session to close at $3.674, up only 2.1 cents from the previous week’s close.