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Foreigners, Private Equity Said Eyeing Big U.S. Unconventional Deals

Foreign buyers up to now have been gaining intelligence about drilling in North America’s prolific unconventional formations through joint ventures (JV) and region-specific acquisitions with willing U.S. natural gas and producers, but that’s about to change, according to an energy expert with industry consultant PwC US.

February 10, 2012

Chesapeake’s McClendon to Reimburse Company for 2008 Map Sale

Chesapeake Energy Corp. CEO Aubrey McClendon, who sold his antique map collection in 2008 to the company in a deal that gave him a big profit in a year in which Chesapeake’s stock plunged by 60%, has agreed to reimburse the company with interest, according to court records.

November 7, 2011

Seasonal Low Close, Analyst Says; November Gains

November natural gas advanced Tuesday as players sensed some angst developing in traders who last week sold short and are now being forced to cover since their market objectives are not being realized. At the close November had risen 7.5 cents to $3.616 and December added 2.3 cents to $3.859. November crude oil added 40 cents to $85.81/bbl.

October 12, 2011

Sale of Shale Drilling Rights in Alberta Hits New Record

The Alberta Energy Ministry said it has sold a record C$2.68 billion in drilling rights so far this year, eclipsing the previous record of C$2.39 billion set in 2010.

August 29, 2011

Sale of Shale Drilling Rights in Alberta Hits New Record

The Alberta Energy Ministry said it has sold a record C$2.68 billion in drilling rights so far this year, eclipsing the previous record of C$2.39 billion set in 2010.

August 29, 2011

Cabot Sells Rockies Assets to Focus on Marcellus

Cabot Oil & Gas Corp. is backing out of the Rockies to focus on Appalachia and the Midcontinent.

August 1, 2011

Cabot Sells Rockies Assets to Focus on Marcellus

Cabot Oil & Gas Corp. is backing out of the Rockies to focus on Appalachia and the Midcontinent.

July 29, 2011

Cabot Sells Rockies Assets to Focus on Marcellus

Cabot Oil & Gas Corp. is backing out of the Rockies to focus on Appalachia and the Midcontinent.

July 29, 2011

Shell-Qatari GTL Project Turned to Sales

The Pearl gas-to-liquids (GTL) plant in Ras Laffan Industrial City in the state of Qatar has sold its first commercial shipment of GTL gasoil, partners in the project Qatar Petroleum and Royal Dutch Shell plc said Monday. Pearl GTL is the largest energy project ever launched in the state of Qatar, they said.

June 14, 2011

Mexico’s Altamira LNG Terminal Changes Hands

Mexico’s first liquefied natural gas (LNG) receiving terminal, which opened five years ago along the Gulf of Mexico coast, has been sold by its tripartite owners to Dutch-based Royal Vopak NV and Spain’s Enagas SA, it was announced Friday. Vopak will be the majority owner (60%).

June 6, 2011