BP plc’s Alaska presence will become more visible over the next five years as the oil major pours an additional $1 billion into natural gas and oil development on the North Slope with a to-do list that includes more drilling rigs and more workers.
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BP Pouring $1B More into Alaska on Favorable Energy Policies
BP plc’s Alaska presence will become more visible over the next five years as the oil major pours an additional $1 billion into natural gas and oil development on the North Slope with a to-do list that includes adding more drilling rigs and more workers, the operator said Monday.
Chevron Jumps Into Marcellus with Atlas Takeover
Chevron Corp., one of the few major oil companies without a visible presence in the North American shale plays, last week made up for lost time in a deal to buy Atlas Energy Inc. for an estimated $4.3 billion. The transaction, CEO John Watson told energy analysts, may be only the first.
Chevron Stakes Large Flags in Marcellus, Utica Shales
Chevron Corp., one of the few major oil companies without a visible presence in the North American shale plays, on Tuesday made up for lost time in a deal to buy Atlas Energy Inc. for an estimated $4.3 billion.
Raymond James Survey: Independents’ Production Growing
U.S. natural gas production by publicly traded companies rose 5% in 3Q2006 — the first time absolute year-over-year growth was visible in four years, according to a survey by Raymond James Energy. Most of the growth though, was the rebound following the hurricane-related production deferrals in late 2005. Removing the storm impact, domestic gas production actually fell about 0.3% year-over-year, which may imply higher prices in 2007.
Raymond James Survey: Independents’ Production Growing
U.S. natural gas production by publicly traded companies rose 5% in 3Q2006 — the first time absolute year-over-year growth was visible in four years, according to a Raymond James Energy Industry Brief. Most of the growth though, was the rebound following the hurricane-related production deferrals in late 2005. Removing the storm impact, U.S. gas production actually is down about 0.3% year-over-year, implying higher gas prices in 2007.
CA LNG Proponents Push Ahead; Sempra Baja Terminal Looms Larger
With two major liquefied natural gas (LNG) tanks now visible and half built along the Pacific Coast of North Baja California in Mexico and sponsor San Diego-based Sempra Energy talking about doubling the terminal’s 1 Bcf/d capacity by 2010, doubts are being raised about the four major Southern California LNG receiving terminal proposals in various stages of the regulatory approval processes. However, government officials, analysts and the four proponents say the other projects are in the race for the long haul.
CA LNG Proponents Push Ahead; Sempra Baja Terminal Looms Larger
With two major liquefied natural gas (LNG) tanks now visible and half built along the Pacific Coast of North Baja California in Mexico and sponsor San Diego-based Sempra Energy talking about doubling the terminal’s 1 Bcf/d capacity by 2010, doubts are being raised about the four major Southern California LNG receiving terminal proposals in various stages of the regulatory approval processes. However, government officials, analysts and the four proponents say the other projects are in the race for the long haul.
Weekend Prices Succumb to Milder Weather Trends
Following Thursday’s price surge that seemed to many to have no visible means of support, Friday’s numbers were in retreat nearly across the board. A smidgen of flatness in the Rockies belied overall softness that saw declines ranging from about a nickel to nearly half a dollar. Most were in the range of 10-30 cents.
Energy Futures Complex Dazzles as Physical Gas Falls
The cash market finally found the burden of struggling higher with little visible means of fundamental support too much to bear Thursday, resulting in across-the-board retreats ranging from about a nickel to a little more than 15 cents.