Gas Exploration Hotspots
Shale gas has already been dubbed a ‘game changer’ for US energy markets - these three hotspots may prove to be just as fruitful.
Shale gas has already been dubbed a ‘game changer’ for US energy markets - these three hotspots may prove to be just as fruitful.
Bloomberg reports that Abu Dhabi shortlisted Exxon Mobil Corp., Royal Dutch Shell Plc and Occidental Petroleum Corp. as potential partners to develop the $10 billion Shah natural-gas project.
Exxon Mobil Corp. declared that the first liquefied natural gas had arrived at the Adriatic regasification terminal near Porto Levante. For full story, click here
Energy stocks rose with the broad market, with a less-than-expected fall in GDP giving a lift to shares of natural gas producers and oil service firms, even as oil majors Exxon Mobil and Royal Dutch Shell lagged. For full story, click here
Shares of Exxon Mobil, floundered as it posted its Q3 income of $14.83 billion, shattering the U.S. record. Exxon Mobil’s investor relations, chief David Rosenthal, said: Our integrated business portfolio, strong operational performance and financial discipline continued to allow us to capture the benefits of the commodity price environment. Despite recent volatility in the financial, commodity and [...]
TransCanada chief executive officer Hal Kvisle was quoted as saying: TransCanada Corp. has won support from Alaska to build a $26-billion natural gas pipeline, but ground won’t be broken until Exxon Mobil Corp. signs on. Click here for full news
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