A rig in Argentina's Vaca Muerta shale play. Exploration & Production

Argentina’s Vaca Muerta set to receive rail boost

Trains will be a cheaper option than trucks for supplying essentials such as sand and machinery to Argentina’s huge shale formation, experts say.

By Chris Noon 29 March 2018
Exploration & Production

Husky joins flight from dry gas production

Canadian company Husky has said it will use North American gas production to help fuel its oil operations as it shifts capital away from North American gas because of low prices.

10 February 2012
Pipelines, Storage & Power

US gas inventories

The US Energy Information Administration (EIA) expects US gas inventories at the end of this year’s winter heating season to be at their level highest since 1983.

10 February 2012
Supply & Demand

Gas shut-ins will not lift prices, say banks

Falling rig counts and production curtailments appear to be positive steps towards reducing the gas oversupply in the United States, but analysts have suggested that up to 60 million cubic metres (mcm) per day of further production needs to be cut to lift prices.

9 February 2012
Companies & Finance

Husky doubles profits

Canadian independent Husky more than doubled its profits in 2011 over 2010, earning $2.2 billion due to robust output growth, improvements in oil prices and refining margins.

9 February 2012
LNG

BG Group throws hat into ring for west coast LNG

The Prince Rupert Port Authority (PRPA), which is responsible for waterside property in Prince Rupert on the north coast of British Columbia, said it has “engaged” UK-based major BG Group over a potential liquefaction plant.

8 February 2012
Companies & Finance

Plains sales rise

United States independent Plains saw its oil and gas sales rise by 12% over 2010, to 98,950 boe/d, driven in part by volumes from the Haynesville and Eagle Ford shales.

8 February 2012
Companies & Finance

Encana Executive VP resigns

Encana Executive Vice-President and President of the firm’s Canada division Mike Graham has resigned.

8 February 2012
Companies & Finance

Low prices shift Anadarko focus from US

Anadarko is surviving low gas prices by not investing in gas drilling. But it plans major gas investment offshore Mozambique.

8 February 2012
Supply & Demand

US LNG exports will only cause minimal price rise – EIA offical

LNG exports from the United States will only cause the price of gas to rise “minimally” between 2015 and 2035, Energy Information Administration official Angelina LaRose told the National Association of Regulatory Utility Commissioners conference on Sunday.

7 February 2012
Companies & Finance

Loss for Anadarko

US firm Anadarko lost $2.65 billion in 2011, mainly due to a $4 billion payment to BP for the independent’s share of expenses from the Macondo oil spill in the Gulf of Mexico, in which it holds a 25% stake.

7 February 2012
LNG

Canadian LNG exports to face stiff competition

Canada has enough gas to supply three potential LNG export terminals in the Kitimat area, but they’ll have to compete with Australians and other suppliers for market share in Asia.

7 February 2012
Exploration & Production

Consol Energy’s proved reserves fall

US firm Consol Energy’s proved reserves fell by 7% in 2011, to 3,480 bcf.

6 February 2012
Supply & Demand

BC LNG Export’s licence approved

Canadian energy regulator the National Energy Board (NEB) has approved BC LNG Export’s application for an LNG export licence from Kitimat in British Columbia.

6 February 2012
Companies & Finance

SandRidge moves offshore with Dynamic buy

United States independent SandRidge Energy has agreed to buy US Gulf of Mexico shallow-water operator Dynamic Offshore Resources for $1.275 billion, capitalising on a broader industry push to move out

3 February 2012
Pipelines, Storage & Power

US storage hits record high

US gas in storage hit a record high for the fourth week of January, according to the Energy Information Administration (EIA).

3 February 2012
Companies & Finance

GIP to sell stake in Chesapeake partnership

Investment fund Global Infrastructure Partners (GIP) announced on Thursday that it will offer 9.3 million units in Chesapeake Midstream Partners in a move to sell its stake in the North American devel

3 February 2012
Companies & Finance

Syndicate of lenders back AltaGas acquisition

AltaGas has closed a $350 million debt facility with a syndicate of lenders to fund the acquisition of utility SEMCO from Continental Energy Systems

3 February 2012
Companies & Finance

Advisers mandated for Sabine Pass LNG project finance

US developer Cheniere Energy has mandated two banks to act as financial advisers for the funding of the Sabine Pass LNG plant expansion and conversion project.

3 February 2012
Companies & Finance

Marathon LNG sales hit by US price link

Marathon Oil is minimising its exposure to United States gas prices by focusing on liquids in its North American drilling programme, but the firm’s LNG sales from Equatorial Guinea have taken a hit

2 February 2012
Exploration & Production

Bullish ExxonMobil forgoes gas production cuts

ExxonMobil has no plans to curtail North American gas production, but low domestic gas prices have prompted the company to seek out higher-margin liquids yields from its onshore unconventional holding

1 February 2012

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