Eagle Ford Shale Attracts Big Players With Sizeable Acquisitions
October 11, 2010
An inconvenient truth about OPEC | www.energytribune.com
In separate acquistions China's CNOOC and a Statoil - Talisman JV have collectively done deals to acquire acreage in the Eagle Ford shale for a collective total of more than $3.4bln in spending.
GE Investing Strategically in Energy Business
October 10, 2010
GE forms joint venture with Harbin Electric to manufacture wind turbines in China | www.powergenworldwide.com
GE has taken major steps in the consolidation of it's energy portfolio with the Harbin joint venture which will give them access to the largest potential market in the world for Wind Energy, and will also give them a strong manufacturing base from which to sell to the rest of the world, with low manufacturing costs to help make it competitive with other renewable energies.
Statoil and Morgan Stanley to Support PBF Refinery Venture on the East Coast
October 8, 2010
WSJ on 6-Oct, page B1 reported that PBF got life support from Statoil and Morgan Stanley for their acquisition of the Delaware and Pauslboro NJ refineries from Valero.
China investing in global oil & gas reserves
October 4, 2010
Deal Profile: Repsol Sells Brazil Stake to Sinopec for $7.1 Billion | blogs.wsj.com
WSJ reported on 2-Oct page B3 that Sinopec acquired 40% of Repsol's Brazilian assets for $7.1 billion.
China to get lower gas price from Gazprom than EU
September 30, 2010
Russia, China Study Long-Term Gas Deal | online.wsj.com
WSJ reported today by Jacob Gronholt-Pedersen that Russia and China are in negotiations for a thirty year gas supply by Gazprom to China at lower prices than gas to be delivered to the EU.
PAD I in play for refinery investors
September 28, 2010
PAD I, the East Coast Petroleum Administration for Defense District has experienced drastic margin decreases of marketing refineries like Valero and Sunoco and others, leading to refinery closures of about 20% of the PAD I capacity.
New Nuclear Construction Likely to be Cut to 36 Months. Can US Capitalize.
September 23, 2010
New nuclear construction could be cut to 36 months | www.powergenworldwide.com
The very long lead times for the construction of Nuclear plants has been one of the draw backs to greater development of new facilities. This greatly increases the uncertainty regarding what business, and economic conditions are likely to be, when the project is completed.
Implications on Petrochemicals of Iran's Gasoline Supply
September 21, 2010
Iran sharply cuts petchem exports, reconsiders gasoline imports | www.zawya.com
Iran switched its petrochemical facilities over to produce gasoline. With operating rates in the Middle East hovering quite low, this might sound like good news. At best, the scheme just adds uncertainty to petrochemical markets.
Cheniere LNG Saved by Shale Gas
September 15, 2010
Cheniere Wins Approval to Export U.S. Liquefied Natural Gas | online.wsj.com
According to WSJ (10-Sep, Page B$) Cheniere Energy Partners received approval from the U.S. Department of Energy to export about 2 bcfd of LNG from their newly established Sabine Pass Liquefaction subsidiary.
Eagle Ford Shale Exceeds Expectations
September 3, 2010
Enterprise to build 350,000 b/d Eagle Ford oil pipeline | www.ogj.com
Christopher E. Smith of OGJ reported that Enterprise Products Partners LP ("Enterprise") entered into significant long term midstream energy service contracts with EOG, leading Eagle Ford Shale player.
Shale gas abundance provides new options for energy companies
February 13, 2012
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012