Schlumberger’s $11 billion takover of a smaller rival, Smith Industries, seems to be a big bet on unconventional natural gas production in the United States. In making the deal, Schlumberger is apparently hoping that Smith’s reputation and extensive domestic network will help position it as the top player in an increasingly hot sector of the [...]
The same technology that unleashed a natural gas bonanza in North America over the past decade has the potential to transform the European energy industry. “A year or two from now, the activity over in Europe is going to be absolutely frenetic, and so you’ve got to get in there early,” said Craig Steinke, executive [...]
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. The deal announced on Tuesday will give Mitsui control of 32.5 per cent of Anadarko’s shale-gas assets in the state, where most of the [...]
Royal Dutch Shell Plc and Devon Energy Corp. may join Exxon Mobil Corp. as buyers of U.S. shale- gas producers or projects, the chief executive officer of gas developer Range Resources Corp. said. Range Resources CEO John Pinkerton said in an interview yesterday his company may be a partner or target for oil companies, like [...]
