1. Exxon Mobil The biggest natural gas producer is also the country’s biggest oil company and one of the most profitable corporations in the world. Exxon has operations in every continent but Antarctica. Its oil and gas operations range across several states, from Pennsylvania to Colorado, and it also has wells in the Gulf of [...]
Last Sunday, the New York Times published Insiders Sound an Alarm Amid a Natural Gas Rush, raising serious questions about the true scale and economics of the production of natural gas from shale, and making comparisons to a Ponzi scheme. Jon Entine, a visiting scholar at American Enterprises Institute for Public Policy, examines the article [...]
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 [...]
