An lng bunkering ship in Rotterdam LNG

Total-Engie deal shows value in US upstream assets

Total’s acquisition of Engie’s LNG assets shows it has confidence in the sector, analysts say.

By Annemarie Botzki 23 November 2017
Exploration & Production

Independents cut back Marcellus activity

North American independents Anadarko and Talisman are cutting back on activity in the Marcellus shale in the north-eastern United States while gas prices remain low, but both companies have high expectations for the play when the market recovers.

2 May 2012
Exploration & Production

Just over 5% of Talisman E&P budget in North American gas

Canadian independent Talisman has cut planned spending for 2012 as North American gas prices have sunk lower than expected. Just over 5% of the company’s exploration and production budget will now be dedicated to North American gas opportunities.

2 May 2012
Companies & Finance

Energy Transfer Partners-Sunoco deal targets liquids

Texas-based pipeline and propane giant Energy Transfer Partners (ETP) has agreed to buy midstream company Sunoco for $5.3 billion to expand its position in the growing North American market for crude, refined product, and natural gas liquids (NGLs) transport capacity.

1 May 2012
Companies & Finance

Sharp year-on-year rise for Andarko Q1 profits

First-quarter 2012 profits at US-independent Anadarko rose sharply year-on-year, to $2.16 billion from $216 million.

1 May 2012
Companies & Finance

Canadian Enbridge releases Q1 results

Canadian pipeline giant Enbridge earned $99 million in the first quarter of 2012, down from $117.1 million in the same period of 2011.

1 May 2012
Supply & Demand

North America to drive record upstream 2012 spending – IHS

Energy consultancy IHS expects global upstream spending to hit a record $1.23 trillion in 2012, and reach $1.64 trillion in 2016.

1 May 2012
Companies & Finance

Energy Transfer Partners to buy Sunoco for $5.3 billion

Energy Transfer Partners has agreed to buy Sunoco for $5.3 billion in a bid to add new oil, oil product, and NGL pipelines and facilities to its existing gas-heavy inventory of assets.

30 April 2012
Companies & Finance

Energy Transfer Partners to buy Sunoco

Texas-based Energy Transfer Partners (ETP) has agreed to buy logistics and retail company Sunoco for $50.13 per share, or $5.3 billion, to expand its position in the transport of crude, refined products and NGLs.

30 April 2012
Exploration & Production

Chevron to ramp up Marcellus gas production

Chevron is growing gas production in the Marcellus shale this year, despite minimising dry gas drilling elsewhere in North America.

30 April 2012
Policy & Regulation

Industry awaits federal land fracking rulebook

United States President Barack Obama’s administration is set to propose the first rules governing hydraulic fracturing (‘fracking’) on federal land. How tough will they turn out to be?

30 April 2012
Companies & Finance

Crude-liquids spread may prompt Oxy drilling cutbacks

A weakening price link between crude oil and NGL may prompt independent Oxy to pull back on drilling liquids-rich wells.

27 April 2012
Companies & Finance

US gas prices bite into ExxonMobil profits

Low US gas prices have cut more than $300 million from ExxonMobil’s second-quarter profits, prompting to company to minimise its exposure to North American gas. But, over the longer-term, its position as the largest US gas producer could allow it to capitalise on new opportunities for commercialisation.

27 April 2012
LNG

Dominion advances LNG export agreement with Sumitomo

US terminal operator Dominion Resources signed binding agreements with Japan’s Sumitomo and an unnamed company that are expected to lead to terminal service agreements for 21.24 million cubic metres (MMcm) per day of bidirectional gas processing capacity at its proposed Cove Point liquefaction project.

27 April 2012
Pipelines, Storage & Power

Kinder Morgan to buy out KKR in gas JV for $300 mn

United States pipeline giant Kinder Morgan has agreed to buy out investment firm Kohlberg Kravis Roberts’ (KKR) 50% stake in a midstream joint venture with El Paso for $300 million.

26 April 2012
Supply & Demand

US NGL production from gas plants has fallen, Bentek says

United States NGL production from gas plants has fallen from its January 2012 peak to 2.34 million barrels per day for the week ending on 25 April, according to consultancy Bentek.

26 April 2012
Exploration & Production

Nexen pulls back spending in Horn River

Canadian independent Nexen is reducing its investments in the country’s Horn River shale, but evaluating prospects in a potential new shale play in Colombia.

26 April 2012
Global Markets

Encana to remove 17 MMcm per day from market

Continued low prices have forced Canadian independent Encana to cut costs and continue shut-ins in dry gas plays that will remove almost 17 million cubic metres per day (MMcm/d) from North American markets this year.

26 April 2012
Exploration & Production

Gas rig count to fall further as companies go in search of oil

The onshore US rig count is likely to continue falling until production eases sufficiently to support prices. And downward pressure on gas play service costs is moving into liquids basins.

25 April 2012
Companies & Finance

Encana's profits up

Canada's largest gas producer Encana saw its first-quarter operating profit rise on Wednesday, with its results burnished by a hedging programme that contributed $358 million to its balance sheet after tax.

25 April 2012
LNG

Consensus builds on limited LNG export regime in US

There appears to be consensus on the likelihood of LNG exports from the United States, but only at levels that will necessitate the building of a handful of the many liquefaction plants that have been proposed.

25 April 2012

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