Shopping

Apache Corp. is said to be shopping some of its portfolio in the Gulf of Mexico, a region where it now reigns as the largest shallow water driller and where it has steadily been building an inventory of deepwater prospects.

Apache Corp. is said to be shopping some of its portfolio in the Gulf of Mexico, a region where it now reigns as the largest shallow water driller and where it has steadily been building an inventory of deepwater prospects.

An investigation continued Thursday in the natural gas explosion that destroyed most of a city block in a shopping district Tuesday night in Kansas City, MO. A snow storm that blanketed the region Wednesday night had slowed progress, officials said.

Majors and national oil companies (NOC) are about to go shopping again, and their most likely targets are companies such as Anadarko Petroleum Corp., EOG Resources Inc., Whiting Petroleum Corp., Kodiak Oil & Gas Corp. and Forest Oil Corp., Wells Fargo Securities analysts said in a note last week.

Majors and national oil companies (NOC) are about to go shopping again, and their most likely targets are companies such as Anadarko Petroleum Corp., EOG Resources Inc., Whiting Petroleum Corp., Kodiak Oil & Gas Corp. and Forest Oil Corp., Wells Fargo Securities analysts said in a note Monday.

National Oilwell Varco Inc. (NOV), which this year has completed six acquisitions worth $2 billion, last week continued its shopping spree with a $2.5 billion cash offer for Texas operator Robbins & Myers (R&M). The deal would mark NOV’s biggest single acquisition since 2008, when it paid $7.7 billion to buy Grant Prideco.

National Oilwell Varco Inc. (NOV), which this year has completed six acquisitions worth $2 billion, on Thursday continued its shopping spree with a $2.5 billion cash offer for Texas operator Robbins & Myers (R&M). The deal would mark NOV’s biggest single acquisition since 2008, when it paid $7.7 billion to buy Grant Prideco.

Japan’s Sumitomo Corp. is reportedly looking to add more American shale gas investments to its energy portfolio and is shopping for new opportunities in shale oil, but it might wait to make a move on shale gas until natural gas prices are higher.

Pacific Gas and Electric Co. (PG&E) Tuesday went on an environmental and climate change shopping spree by launching a wildlife protection program in its ongoing utility operations and purchasing more than $2 million in greenhouse gas (GHG) emissions credits for forest conservation in two separate areas of Northern California. PG&E touted the effort as a potential model for other utilities.