Transformed

Reflecting the “formidable power” of drilling technology that transformed the natural gas industry, surging unconventional oil production in North America is redefining the industry and should transform international trade over the next five years, the International Energy Agency (IEA) said Friday.

Drilling technologies have transformed the competitive landscape within the oil and gas industry and altered the traditional pricing relationship between crude oil and natural gas, but there’s still plenty of room for horizontal drilling and hydraulic fracturing (fracking) services to grow, according to Standard & Poor’s Ratings Services (S&P).

Drilling technologies have transformed the competitive landscape within the oil and gas industry and altered the traditional pricing relationship between crude oil and natural gas, but there’s still plenty of room for horizontal drilling and hydraulic fracturing (fracking) services to grow, according to Standard & Poor’s Ratings Services (S&P).

Activist hedge fund Third Point LLC, which has transformed more than one U.S. oil and natural gas operator, now is the fourth-largest investor in Chesapeake Energy Corp., according to stock market insiders.

TransCanada Corp.’s extensive infrastructure in Canada could be expanded and transformed with options to convert part of its natural gas mainline pipeline to carry crude oil and its western assets growing to include a possible interest in facilities for liquefied natural gas (LNG) exports, CEO Russ Girling said last week.

TransCanada Corp.’s extensive infrastructure in Canada could be expanded and transformed with options to convert part of its natural gas mainline pipeline to carry crude oil and its western assets growing to include a possible interest in facilities for liquefied natural gas (LNG) exports, CEO Russ Girling said during a conference call with financial analysts Friday.

With the spinoff of its exploration arm now complete, a transformed Williams has its sights set on new business and major infrastructure expansion projects both onshore and offshore in North America, CEO Alan Armstrong said last week.

With the spinoff of its exploration arm now complete, a transformed Williams has its sights set on new business and major infrastructure expansion projects both onshore and offshore in North America, CEO Alan Armstrong said Thursday.

Shale natural gas has dramatically transformed the outlook for U.S. energy supplies and is having “profound” economic impacts on creating jobs and stimulating growth, as well as bolstering tax revenue and reducing consumer energy costs, according to a study by IHS Global Insight.