By Isabel Ordonez HOUSTON -(MarketWatch)- Chevron Corp. CVX +0.42% is interested in developing matured oilfields off the coast of Mexico that are part of state-run oil firm Petroleos Mexicanos’s second contract auction, according to public documents posted by Pemex on its website. Chevron’s interest in the Arenque Block is likely to be seen as a […]
By V. Phani Kumar and Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) — Crude-oil futures stumbled below $82 a barrel in electronic trading Monday, finding little respite as disappointing U.S. jobs data combined with worries over the euro-zone and slowing growth in China to sap investor confidence. July futures for light, sweet crude-oil CLN2 +0.04% tumbled $1.35, […]
By Mia Lamar Vanguard Natural Resources LLC VNR +1.37% has agreed to pay $445 million to acquire natural gas and liquid assets primarily located in Oklahoma’s oil-rich Woodford Shale. Chief Executive Scott W. Smith on Monday said the deal with independent exploration and production company Antero Resources establishes Vanguard in a new area where it […]
By Florence Tan and Charlie Zhu SINGAPORE/HONG KONG | Sun Jun 3, 2012 9:34pm EDT (Reuters) – The impact of growing gas supplies on the global energy landscape and the prospect of deeper declines in Iranian oil exports as Western sanctions bite will dominate talks at a gas conference next week in Malaysia. The World […]
By Rebekah Kebede PERTH (Reuters) – Confidence in Australia’s coal seam gas industry, one of the nation’s brightest economic prospects, has begun to flicker. For the first time since energy firms kicked off $50 billion of projects to drill for gas in the region’s rich coal deposits less than two years ago, there is a […]
By Todd Wildermuth, Editor • Tue, May 22, 2012 Shell Oil Company hopes to move ahead soon with one or more new test wells in northeast New Mexico that could eventually lead the company to establish natural gas drilling operations throughout this part of the state, including Colfax County. A Shell official this month told […]
As part of our process, we perform a rigorous discounted cash-flow methodology that dives into the true intrinsic worth of companies. In Royal Dutch Shell’s (RDS.A) case, we think the firm is fairly valued at $86 per share, significantly higher than where it is currently trading. For some background, we think a comprehensive analysis of […]
June 1 (Bloomberg) — Chesapeake Energy Corp. said it drilled the largest oil gusher in the company’s 23-year history at a “significant” discovery in the Anadarko Basin of Texas and Oklahoma. The Thurman Horn 406H well in the Hogshooter formation produced 5,400 barrels of crude a day during its first eight days of operation, Chesapeake […]