Integrated energy company EQT Corp said it will buy about 58,000 net acres in the Marcellus shale from a group of private operators and landowners for about $280 million in cash and stock. The company said 90 percent of the deal would be funded with its stock and the remaining 10 percent in cash.
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Anadarko Petroleum has set a 2010 capital pending plan of $5.3 billion to $5.6 billion, and expects an average annual production growth rate of 7% to 9% during the next four years. Anadarko Petroleum has agreed a $1.4bn deal with Mitsui & Co. the Japanese trading and investment group, to sell a minority stake in its Marcellus Shale natural gas project in Pennsylvania. Bookmark It Hide Sites $$(‘div.d619′).each( function(e) { e.visualEffect(’slide_up’,{duration:0.5}) }); When Halliburton announced its fourth-quarter results this week, the headline news was that earnings had plunged nearly 50% over the previous year. But investors are looking beyond that. Shares of Halliburton are up 35% over the past six months, versus a gain of 18% for arch-rival Schlumberger and a loss of 11% for number-three oil [...] By Jason Womack French oil giant Total on Monday became the latest major oil company to cut a deal for access to prolific shale gas fields in the U.S., but it probably won’t be the last. Updated: True to the recurring motto of green power investor T. Boone Pickens, the top five countries for natural gas vehicle sales do not currently include the United States. Instead the top five countries that buy cars powered by natural gas are Pakistan, Argentina, Brazil, Iran, and India, according to a new research report from [...] Our (World Gas Conference) forum is taking place at a crucial point—a period in which we are searching for ways to overcome the consequences of the global financial crisis and industrial recession. In this context, the topic of gas-supply security being addressed by our session is particularly vital. Experts and top managers of the leading world oil and gas companies are participating in the 24th World Gas Conference (GGC) which opened on Monday in Argentina. The chief executive officers of the leading world companies in the gas industry will deliver 14 main reports at the conference. An exhibition was held simultaneously [...] |
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