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.
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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.
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.
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.
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.
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.
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.
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.
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.
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%).