World

Unquenchable Thirst for Unconventional Resources Continues

Domestic upstream merger and acquisition (M&A) deals in 2011 set another record, fueled by unconventional oil and natural gas, a survey by PLS Inc. has found.

January 18, 2012

Chevron Partners with Statoil, Repsol in Canada’s Offshore

A trio of world-class oil majors — Chevron Corp., Statoil ASA and Repsol YPF — on Thursday launched an ambitious endeavor to jointly explore Atlantic Canada’s deepwater. Separately Chevron and Statoil, a newcomer to Canada’s offshore, also agreed to partner in a deepwater region of Canada’s Beaufort Sea.

January 16, 2012

Chevron Canada Partners with Statoil, Repsol in Canada’s Offshore

A trio of world-class oil majors — Chevron Corp., Statoil SA and Repsol YPF — on Thursday launched an ambitious endeavor to jointly explore Atlantic Canada’s deepwater. Separately Chevron and Statoil, a newcomer to Canada’s offshore, also agreed to explore a deepwater region of Canada’s Beaufort Sea.

January 13, 2012

Another Would-Be LNG Exporter Files at DOE

The latest applicant seeking authorization to export liquefied U.S. natural gas to world markets is also the one seeking to export the most: 2.8 Bcf/d. The recent application from Gulf Coast LNG Export LLC is under completeness review at the U.S. Department of Energy (DOE), which is not yet disclosing any more details.

January 3, 2012

DOE Mulls Another LNG Export Plan

The latest applicant seeking authorization to export liquefied U.S. natural gas to world markets is also the one seeking to export the most: 2.8 Bcf/d. The application from Gulf Coast LNG Export LLC is under completeness review at the U.S. Department of Energy (DOE), which said it wouldn’t disclose more details until the review is finished.

January 2, 2012

Goldman: Haynesville Shale Does a Lot More with Less

In the world of shale gas plays, the Haynesville is rather long in the tooth compared to the Eagle Ford, Marcellus and others. However, wells in the play are running “faster” for longer, enough so that production has continued to climb while the rig count has dropped. Analysts at Goldman Sachs said they’ve figured out how the Haynesville does it.

December 12, 2011

Goldman: Haynesville Does a Lot More with Less

In the world of shale gas plays, the Haynesville is rather long in the tooth compared to the Eagle Ford, Marcellus and others. However, wells in the play are running “faster” for longer, enough so that production has continued to climb while the rig count has dropped. Analysts at Goldman Sachs said they’ve figured out how the Haynesville does it.

December 12, 2011

Seaway, Keystone Aim to Unlock Midcontinent Oil

The race to break through the Midcontinent bottleneck and flow expanding supplies of crude oil, bolstered by shale production to the Gulf of Mexico (GOM) and world markets moved up by about 300,000 b/d with separate announcements last Wednesday of plans to reverse the flow of the Seaway crude oil pipeline, and a possible go-ahead for the Cushing to the GOM southern section of the stalled Keystone XL oil pipeline.

November 21, 2011

Seaway, Keystone Aim to Unlock Midcontinent Oil

The race to break through the Midcontinent bottleneck and flow expanding supplies of crude oil, bolstered by shale production to the Gulf of Mexico (GOM) and world markets moved up by about 300,000 b/d with separate announcements Wednesday of plans to reverse the flow of the Seaway crude oil pipeline, and a possible go-ahead for the Cushing to the GOM southern section of the stalled Keystone XL oil pipeline.

November 18, 2011

El Paso ‘Caught Very Attractive Bid’ in Shale-Driven Deal

Kinder Morgan Inc.’s (KMI) acquisition of El Paso Corp. is taking place in a world of growing gas supply from nonhistoric basins, which is driving the need for new and different infrastructure: gas and liquids pipelines, processing, fractionation, etc. It’s too soon to say how a combined KMI-El Paso will play the infrastructure game, but consolidation among others shouldn’t be a surprise, energy analysts told NGI.

October 25, 2011
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