Anadarko looking to raise money through asset sales in 2016 Oct 31 (Reuters) – Anadarko Petroleum Corp reported a bigger-than-expected quarterly loss, hurt by lower crude prices, and said it expects to raise more than originally planned through asset sales this year. Anadarko increased its full-year asset monetization target for the second time this year, this […]
Anadarko posts bigger-than-expected loss Read More »
OPEC strategy delayed by Saudi-Iranian differences By Alex Lawler and Rania El Gamal LONDON/DUBAI, Oct 31 (Reuters) – OPEC officials approved on Monday a document outlining the exporter group’s long-term strategy, in a sign its members are making progress in ironing out differences over how and when to manage production levels and, ultimately, oil prices. The
OPEC officials approve group’s delayed long-term strategy Read More »
Occidental Petroleum looks for 700 new wells on land Oct 31 (Reuters) – Occidental Petroleum Corp said on Monday it paid $2 billion cash for 35,000 acres (14,164 hectares) of West Texas acreage, boosting its position in the oil-rich Permian Basin. Occidental acquired the acreage in several transactions with private sellers and also bought interests in
Occidental Petroleum buys Permian Basin acreage for $2 billion Read More »
Dakota Access pipeline protester allegedly shot at police officer By Timothy Mclaughlin Oct 31 (Reuters) – A demonstrator protesting last week at the construction site of the Dakota Access pipeline in North Dakota was charged on Monday with the attempted murder of a law enforcement officer, according to court documents. Red Fawn Fallis, 37, was confronted by
Dakota Access pipeline protester charged with attempted murder Read More »
Released peer-reviewed study noting significant medical, climate benefits result of increased use of natural gas for electricity generation By Nicole Jacobs, EnergyInDepth This week, the Pennsylvania Medical Society (PMS) asked Governor Wolf to issue a ban on all new natural gas development making the debunked claim that “growing evidence has shown its increasing deleterious effects
Pennsylvania medical society cites flawed fracking studies in call for moratorium Read More »
US rigs drilling for oil is up by 149 or 37% since late May, adding extra volumes of gas to market By John Kemp LONDON, Oct 28 (Reuters) – US natural gas prices are caught in the crossfire between warmer-than-normal weather and a structurally tightening supply-and-demand balance. Working gas stocks in underground storage rose by 73 billion cubic
US natural gas prices caught in the crossfire: Kemp Read More »
NGTL requires purchase of $1.2 billion in Canadian goods, services, including $800 million in labour income CALGARY, ALBERTA – TransCanada Corporation announced the Government of Canada has approved the company’s $1.3 billion 2017 NGTL System Expansion Project, which will provide important additional capacity to meet the needs of natural gas shippers, according to a press release.
Government of Canada approves $1.3 Billion NGTL system expansion project Read More »
Chesapeake is also targeting the Powder River Basin again after an unsuccessful divestment attempt At Chesapeake’s 2016 Analyst Day, it was clear that the company’s new ex-Anadarko management team had significantly changed Chesapeake’s business strategy, and the outlook is promising, according to Wood Mackenzie. In Wood Mackenzie’s latest report and Crude for Thought podcast, their analysts explore Chesapeake’s
Chesapeake comes out of the trough – Wood Mackenzie Read More »
Chinese coal prices up over 50 per cent since June By Meng Meng and Josephine Mason BEIJING, Oct 31 (Reuters) – China’s government has asked the nation’s top coal miners to cap their 2017 supply contracts at or below current spot market levels, sources said, a highly unusual move that reflects Beijing’s growing panic about
Rising coal prices: China asks coal companies to cap 2017 prices Read More »
Consol Energy to receive $205 million on closing Oct 31 (Reuters) – Coal and natural gas producer Consol Energy Inc and Noble Energy Inc said on Monday they would dissolve their 50-50 Marcellus shale joint venture, resulting in a payment of about $205 million to Consol on closing. The joint venture was formed in 2011 to
Consol Energy and Noble Energy to dissolve Marcellus Shale JV Read More »
