Cheniere Energy Partners has entered into a long-term gas supply with the Gas Authority of India Limited (GAIL) for the Indian state owned company to buy 3.5 million tonnes a year of liquefied natural gas. “GAIL has signed a sales and purchase agreement [SPA], for supply of LNG over 20 years, with Sabine Pass Liquefaction, [...]
Repsol YPF expects the production of the Margarita natural gas fields in Bolivia to reach 14 million cubic meters in 2014, a significant increase over 2011 levels of 3 million cubic meters and the 9 million cubic meters expected in April 2012. The company plans to invest over $1 billion in two phases to expand [...]
Cheniere Energy will sell all the capacity at its proposed Sabine Pass LNG plant by April. “We will be sold out by April – all four trains. We have a very large number of parties that we are negotiating with,” Cheniere’s Charif Souki told Reuters. Houston-based Cheniere plans to begin construction on the $5 billion [...]
Natural gas-focused explorer EXCO Resources Inc said it has been approached for at least 10 deals in the range of $50-$100 million each, as it looks to tap more liquids-rich plays. “We are looking at four deals in the Bakken, three or four deals in Eagle Ford, three or four deals in West Texas,” a [...]
Rejecting what it called an “inaccurate and misleading article,” Chesapeake Energy Corporation struck back at the New York Times. In this past Sunday’s edition, the Times accused the Chesapeake of exaggerating the productivity of shale gas wells and industry reserve estimates of future well performance. Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented, “Chesapeake stands [...]
BG Group plans to invest $500 million in Bolivian gas fields over the next five years to develop the country’s growing natural gas industry. According to BG Group VP Bill Way, “there’s a lot of potential… we’ve been here for 10 years and plan to be here much longer.” BG Group currently has interests in [...]
Speaking on US shale gas development at Shale Gas Eastern Europe 2011 in Warsaw, Poland, Daniel G. Rathan, Director A&D at Tudor Pickering Holt & Co. remarked, “The growth in this sector of the industry is just incredible. The Barnett shale had production in the early 90s, but the explosion of production happened in 2006 [...]
Oil prices may have stormed back into the headlines by crossing the ominous $100 a barrel threshold in recent weeks. But while this has happening the world’s largest oil and gas companies have been banging the drum for an altogether less newsworthy fuel–natural gas. ExxonMobil, Royal Dutch Shell and now BG Group have been arguing [...]
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 [...]
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 [...]
