Apache Corporation (NYSE:APA, NASDAQ:APA) they have finalized the deal with Chevron Canada Limited to build and operate the Kitimat LNG project.
Articles Tagged "NYSE:APA"
Apache Corporation (NYSE:APA, NASDAQ: APA) announced that it has signed an agreement with Chevron Canada Limited to build and operate the Kitimat LNG project and develop world-class shale gas resources at the Liard and Horn River basins located in B.C.
With natural gas trading at a significant discount to crude, investors are seeking companies looking for the next big gas play. Argentina boasts huge gas potential and is capable of becoming an investor favorite in the long term.
Reuters reported that Kenya's first offshore gas discovery, found by Apache Corp. (NYSE:APA), which is operating on behalf of Britian's Tullow Oil plc (LSE:TLW) and Australia-based Pancontinental Oil & Gas NL (ASX:PCL), is not large enough for commercial production.
A brief overview of gas price developments, supply and demand, and significant market movers.
Eyes are on the Canadian natural gas market once again with Apache's huge shale gas discovery in British Columbia's Liard Basin.
Shale gas has already been dubbed a ‘game changer’ for US energy markets - these three hotspots may prove to be just as fruitful.
New Brunswick Premier David Alward concluded a meeting with Arkansas Governor Mike Beebe in Washington, D.C., with a rekindled desire to take a deeper look at shale gas development in New Brunswick. Three New Brunswick cabinet ministers recently flew to Arkansas to examine the state's handling of the shale gas industry.
The recent deal represents the biggest investment to date by a Chinese company in the North American energy sector, appearing to balance demand to develop gas fields at a time when low commodity prices are not providing companies with enough cash flow efficiently. The agreement could underscore greater exposure for resource companies to eventually export shipments to offshore markets.
Kitimat LNG partners Apache Canada Ltd. (NYSE:APA) and EOG Resources Canada Inc. (NYSE:EOG) agrees to purchase the 50 percent interest in the Pacific Trail Pipelines Limited Partnership (PTPLP) for $50 million.