Elliott Associates LP, a hedge fund that owns a 4% stake in Hess Corp., is urging other shareholders to elect its five nominees to the company’s board of directors and has called on Hess to spin off its assets in the Bakken, Eagle Ford and Utica shale plays.
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DCP Projects Target Midcontinent Liquids
DCP Midstream LLC is promoting a number of Midcontinent-focused projects currently under way that combined represent an investment of $2 billion. Among them is infrastructure development to provide natural gas liquids (NGL) takeaway capacity to Mont Belvieu, TX.
Ohio Governor Becomes Shale Gas Cheerleader
The promise that shale natural gas holds to transform Ohio’s economy — and that of the nation — is too great to dismiss because of “misconceptions” about hydraulic fracturing (fracking), Gov. John Kasich said Thursday.
Ohio Governor Becomes Shale Gas Cheerleader
The promise that shale natural gas holds to transform Ohio’s economy — and that of the nation — is too great to dismiss because of “misconceptions” about hydraulic fracturing (fracking), Gov. John Kasich said Thursday.
PG&E Pipeline Plan Carries $1.9B Cost
A plan unveiled last Friday by Pacific Gas and Electric Co. (PG&E) to transform its natural gas pipeline system into a role model for the industry carries a price tag of more than $1.9 billion spread over the next three-plus years, according to information released as part of the utility’s proposal to state regulators. Shareholders would absorb a little more than 25% of the total cost estimate.
Broad-Based ‘Fuel Stations’ Could be Valero’s Future
Valero Energy Corp. is planning for the gasoline station of the future to transform into a broad-based multi-fuel station with natural gas, ethanol and perhaps even electricity fueling facilities, along with gasoline and diesel. Ethanol’s E85 fuel mixture is already being offered at several Valero stations and is planned to be offered in all new facilities.
Watch Out for Gas Curve, Says Chesapeake Chief
As U.S. producers transform their asset base exclusively from natural gas to a more balanced one that includes oil and liquids, investors “might be surprised by what happens to the gas curve in the years ahead,” Chesapeake Energy Corp. CEO Aubrey McClendon said last week.
Watch Out for Gas Curve in Years Ahead, Says Chesapeake CEO
As U.S. producers transform their asset base exclusively from natural gas to a more balanced one that includes oil and liquids, investors “might be surprised by what happens to the gas curve in the years ahead,” Chesapeake Energy Corp. CEO Aubrey McClendon said Monday.
Horizontal Drilling, Fracking Transforming Oil Industry
The horizontal drilling and hydraulic fracturing techniques used to tap natural gas production from shales is beginning to “transform” the oil industry, according to a market analysis issued on Monday by Bentek Energy LLC.
NRG CEO: Can’t ‘Rely on Gas for Everything’
The plain vanilla merchant power plant developer/operators of the past need to transform themselves into broader renewable, transportation and natural gas fields in the post-carbon world, according to NRG Energy Inc. CEO David Crane, who spoke to financial analysts in Houston Thursday.