With Shell being the latest multinational to lay a big bet on the shale table, Michael Corkey of the Wall Street Journal wondered Who Is Next to Sell Out of the Marcellus Shale? Evidently there are at least 15 other such deals being discussed related to the Marcellus Shale. With Exxon, Shell and Total having [...]
The influx of supply from shale plays has erased the traditional “hurricane premium” in natural gas markets, according to analysts and traders, even as forecasters call for an above-average Atlantic storm season — with some expecting it to be among the busiest on record. “With more gas [being] produced onshore and high levels of gas [...]
Europe’s largest energy producer, Royal Dutch Shell, has expanding its holdings of U.S. shale gas by agreeing to buy East Resources Inc. for $4.7 billion in cash from Kohlberg Kravis Roberts & Co., Jefferies & Company and privately held East Resources itself. East Resources owns and operates more than 2,500 oil and gas wells that [...]
Much European comment from the “experts”, also known as those who never saw shale coming, holds to a view that Europe shale gas is up to ten years away. Shale isn’t coming to Europe anytime soon, although the indirect impact of US production in places like the Marcellus shale in Pennsylvania means that we get [...]
When Victoria Switzer awoke on a cold night in March, her dog was staring out the window at the flame roaring from a natural-gas-drilling rig 2,000 feet behind her house. She remembers trees silhouetted in a demonic dance as the plume burned off gas that had been building up under her land. She discovered later [...]
Occidental Petroleum, the fourth-largest US oil and gas company, based on equity market capitalization, says that within the next 10 years, its California shale development program—which currently delivers more than 25% of its California production—could become the company’s largest business unit. Shale production here refers to oil and gas production via drilling from shale source [...]
The Marcellus Shale in the Eastern US has been THE example of the sudden emergence of abundant natural gas. The only issue over the Marcellus is whether or not it or Qatar has the world’s largest gas field, even though as little as six years ago any idea that the shale would be commercial was [...]
International investment is snowballing to the multi-billions in the Marcellus Shale, a large deposit of natural gas embedded in shale deep below the northeastern United States. This month British BG Group closed its deal for Marcellus assets with EXCO Resources for slightly less than $1 billion. Last month, India’s Reliance Industries bought a 40% interest [...]
Gazprom, the world leader in gas production, intends to purchase a company in the United States that produces shale gas, Deputy Gazprom Director Aleksandr Medvedev said according to Bloomberg. Medvedev did not name the company in question. Earlier, Gazprom CEO said Gazprom would gain experience in producing gas from non-traditional sources when it began its [...]
