Kitimat, B.C.: Ground zero in the race to fuel Asia Two kilometres beyond an old logging road, workers are building the foundation of the future of Canada’s ailing natural gas business. Since the summer, crews have blasted the hard rock at Bish Cove on the Douglas Channel, the deepest and widest fjord on the rugged [...]
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 [...]
The Oil Shale Market 2011-2021 By: Matthew Jones, Visiongain Global oil shale resources are enormous, standing at around 4.8 trillion barrels according to the World Energy Council’s Survey of Energy Resources 2010 (WEC SER 2010). Though it is unclear precisely what percentage of these resources is recoverable, it is certain that global oil shale resources dwarf reserves [...]
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 [...]
Matthew Scotland, Energy Reports Writer, Visiongain provides an overview of The Shale Gas Market 2011-2021 The amalgamation of hydraulic fracturing and horizontal drilling technologies in the 1980s enabled the US to become the pioneers of commercial shale gas production. Although the first shale gas well was drilled in 1821, the technical and economic feasibility of [...]
U.S. based multinationals have taken a leading role in the emerging shale gas play in Poland. Chevron Corp., Marathon Oil and ExxonMobil all have taken significant, strategic land positions. Polish newspaper Rzeczpospolita is reporting that PKN ORLEN will soon become a significant shareholder in a number of U.S. shale gas fields owned by an unnamed [...]
U.S. and Canadian oil and natural- gas companies are outpacing last year’s $122.5 billion in mergers and acquisitions, with sales announced so far this year valued at $19.2 billion more than in the same period last year, according to data compiled by Bloomberg. So far, U.S. and Canadian oil and gas companies have sold assets [...]
Chevron Corp. has completed its acquisition of natural gas producer Atlas Energy Inc., providing the oil company access to vast unconventional natural gas reserves in the Marcellus Shale in Pennsylvania and New York. “The assets…complement our global position in developing unconventional gas resources,” said Chevron Vice Chairman George Kirkland in prepared remarks. Some analysts believe [...]
What was one described as a “beautiful friendship” appears to be not so harmonious. Three months after Chevron Corporation acquired US natural gas producer Atlas Energy in a $4.3-billion deal, Reliance Holdings USA, a subsidiary of Reliance Industries has sent a strongly-worded letter to Atlas Energy asking why it was not informed of the deal. [...]
Chevron, the second-largest US oil group by revenue, will acquire Atlas Energy in a $4.3bn deal that will give it a foothold in Pennsylvania’s Marcellus shale gas formation and help it compete with rival Exxon. “We are acquiring a company that has one of the premier acreage positions in the prolific Marcellus,” said George Kirkland, [...]
