The U.S. affiliate of Norway’s StatoilHydro topped all bidders in the Minerals Management Service (MMS) Gulf of Mexico (GOM) lease sale in August, with a $61.110 million offer for the opportunity to explore a block deep beneath the ocean floor about 160 miles south of Galveston, TX, in Alaminos Canyon.
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Gulf Deepwater Captures Most Interest in Latest MMS Sale
The U.S. affiliate of Norway’s StatoilHydro topped all bidders in the latest Minerals Management Service (MMS) Gulf of Mexico (GOM) lease sale, with a $61.110 million offer for the opportunity to explore a block deep beneath the ocean floor about 160 miles south of Galveston, TX, in Alaminos Canyon.
EOG’s Papa: E&P in ‘Early Stages of Major Sea Change’
EOG Resources Inc. topped the list of the biggest percentage price gainers on the New York Stock Exchange last Thursday after it boosted its 2009 and 2010 organic production growth estimates and announced four new natural gas and crude oil discoveries.
EOG Shares Soar on News of Discoveries, Higher Recovery Rates
EOG Resources Inc. topped the list of the biggest percentage price gainers on the New York Stock Exchange Thursday after it boosted its 2009 and 2010 organic production growth estimates and announced four new natural gas and crude oil discoveries.
Nexen Tops Mastiogale Gas Buyer Ranking
Nexen topped the rankings of gas purchasers/marketers in a new customer satisfaction survey based on 300 interviews with gas producers by Missouri-based Mastiogale. Other top buyers that exceeded the industry benchmark were BP, ConocoPhillips, Shell Energy Trading and Corpus Christi-based marketer Shoreline Gas.
Nexen Tops Mastiogale Gas Buyer Ranking
Nexen topped the rankings of gas purchasers/marketers in a new customer satisfaction survey based on 300 interviews with gas producers by Missouri-based Mastiogale. Other top buyers that exceeded the industry benchmark were BP, ConocoPhillips, Shell Energy Trading and Corpus Christi-based marketer Shoreline Gas.
Columbia Gas of VA Sets New Peak Demand Records — in August
Columbia Gas of Virginia topped its winter peak demand record for natural gas in August, reporting its three highest single demand days in its nearly 160-year history. The new peak — the first time it has ever been set in the summer — came on Aug. 2 when a heat wave swept through the eastern half of the country recording temperatures above 100 degrees in many locations.
Columbia Gas of VA Sets New Peak Demand Records — in August
Columbia Gas of Virginia topped its winter peak demand record for natural gas last week, reporting its three highest single demand days in its nearly 160-year history. The new peak — the first time it has ever been set in the summer — came on Aug. 2 when a heat wave swept through the eastern half of the country recording temperatures above 100 degrees in many locations.
Majors’ Profits Fail to Impress Analysts, Independents Show Gains
Producer earnings topped the charts last week, with most of the majors and leading independents with stellar profits. Most analysts, however, were not impressed because of lower production numbers among the majors. Many of the majors reported double digit earnings gains from a year ago: ExxonMobil Corp., 44%, Royal Dutch/Shell Group, 42%, Unocal, 69%, but they also reported less worldwide production across the board.
Texas Gas, Sabine Top Customer Satisfaction Rankings
Texas Gas Transmission and Sabine Pipe Line topped Mastio & Co.’s 2005 Mega and Major Pipeline Customer Satisfaction Indexes, respectively, while Kinder Morgan Interstate Gas Transmission ended up on the lower end of those rankings, which were based on surveys of pipeline customers last year.