Market News

Halliburton (HAL)

Realm Energy International Corporation and Halliburton announced they will aggressively continue the evaluation of high potential shale deposits throughout Europe and select emerging countries.
In early 2009, Realm Energy began collaborating with Halliburton Consulting on a global evaluation of shale plays with potential for natural gas and oil production.

Jan 1 · 2:33:00 PM · Source: Marketwire
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Devon Energy (DVN)

Shipping and oil group, AP Moller-Maersk, is purchasing Devon Energy’s stakes in three of its oilfields in the Gulf of Mexico for $1.3 billion.
The Copenhagen-based company will get a 50% stake in the Cascade field and a 25% interest in each of the Jack and St Malo fields.

Dec 31 · 3:49:00 PM · Source: emii.com
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

ConocoPhillips (COP)

KAROON Gas Australia has confirmed it has struck hydrocarbons at the latest well in its Browse Basin drilling campaign with partner ConocoPhillips.
The news comes two weeks after a person familiar with the drilling campaign told Dow Jones Newswires that the well had penetrated hydrocarbons in similar intervals to those in the successful Poseidon-1 well about 6km away. A large gas pay at Poseidon-2 will provide further evidence that Karoon and ConocoPhillips are sitting on a resource off Western Australia big enough to support a multi-billion-dollar liquefied natural gas development.

Dec 31 · 3:37:00 PM · Source: The Australian
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Exxon Mobil (XOM)

Exxon Mobil would have to halt some construction activities on a planned C$16.2 billion ($15.4 billion) Canadian pipeline for more than five months every year to protect wildlife, a government-appointed panel said.
The proposed 1,220-kilometer (758-mile) natural-gas pipeline from Canada’s Northwest Territories to a US-bound hub in Alberta would make “a positive contribution,” provided the energy companies backing the project and government regulators agreed to take extra measures to protect birds, grizzly bears, caribou, fish and the water supply, the Joint Review Panel for the Mackenzie Gas Project said today in a report.

Dec 31 · 2:43:00 PM · Source: Bloomberg
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Exxon Mobil (XOM)

The ExxonMobil Educational Alliance Program announced today it awarded $1.8 million in grants this year to 2,400 schools to enhance math and science programs across the United States.
It is the 10th consecutive year for the program, which has provided grants to K-12 educational institutions in 42 states and the District of Columbia. Local schools are eligible to apply for Educational Alliance grants by partnering with their nearby Exxon or Mobil branded retailer, the vast majority of which are independently owned and operated. Since 2000, the program has contributed more than $18 million to local schools through Exxon and Mobil retailers.

Dec 31 · 2:40:00 PM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Chevron (CVX)

Chevron's Cabinda joint venture is spending $2.3 billion over five years to reduce flaring, the burning of natural gas from oil fields, and instead utilize the gas, a top company official said this month.
The disclosure comes as foreign oil companies are increasingly investing to monetize the gas that used to burn in their African fields, driven by higher gas prices and environmentalists' demands.

Dec 31 · 11:32:00 AM · Source: The Wall Street Journal
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Chevron (CVX)

Chevron will pay $45.5 million to resolve claims that it underpaid natural gas royalties to the US government and Native Americans, the Justice Department announced.
Most of the settlement money will be distributed to federal, state and American Indian accounts affected by the underpayments. More than $12.3 million of the amount will go to the heirs of the whistleblower who filed the lawsuit in Beaumont, TX.

Dec 31 · 11:30:00 AM · Source: San Diego Source
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Exxon Mobil (XOM)

Russia's Gazprom expects to wrap up a deal on gas supplies from the ExxonMobil - led Sakhalin-1 project next year, Gazprom's deputy head told reporters on Monday.
ExxonMobil has said it is studying all options for selling gas from Sakhalin-1, which is owned by a consortium that also includes Russian oil firm Rosneft, Japan's Itochu and Marubeni and India's ONGC.

Dec 29 · 3:55:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Previous · Next