Monthly Archives: February 2013

Barnett Shale gas to remain profitable, study finds

A study of the Barnett Shale found that, while production from the North Texas field will decline through 2030, there’s still an enormous resource to tap profitably, even at relatively low natural gas prices, according to a study by the University of Texas at Austin.  More »

No injuries reported in blaze at Texas City refinery

A fire broke out Thursday at the Texas City refinery where a 2005 explosion killed 15 workers.  More »

Stocks end month on firmer ground

Global stocks end the month on firmer footing as investors expressed optimism over the US economy and central bank largesse  More »

Shell projects natural gas could become world’s energy backbone

Natural gas could become the backbone of the world’s energy system within two decades, displacing coal as a major electricity source and helping to trim global greenhouse gas emissions, Royal Dutch Shell predicted Thursday.  More »

Facebook buys ad-serving platform

The purchase price was reportedly much lower than the $6bn Microsoft paid for Atlas when it acquired its parent company aQuantive in 2007  More »

Oil ends lower as commodities retreat

Benchmark crude fell 71 cents to $92.05.  More »

Icahn and Herbalife move against Ackman

The decision to allow the veteran activist to nominate two directors and buy up to a quarter of the stock is designed to undermine his bitter rival  More »

ConocoPhillips may fund spending with cash and debt

ConocoPhillips said it may use cash, debt and asset sales to fund its dividend and capital spending as it waits for production to rise. The company is targeting “consistent” dividend increases, leaders said at the analyst meeting Thursday.  More »

Cook Inlet jackup gets ABS Certification

The jackup drilling rig Endeavour – Spirit of Independence has received its ABS Certification.  More »

Could The Biggest Success For NGVs Be At Sea?

As natural gas becomes ever more prevalent as a global fuel, there are increasingly more inventive ways of both consuming and transporting it (see above). While here in the US there is ever greater focus on CNG and LNG-powered vehicles, there is potentially another form of transport that could steal the crown as the King of NGVs…shipping. […]  More »

US braced as cuts deadline passes

Sequestration, which will hit everything from housing vouchers to naval shipbuilding with $85bn in cuts for the rest of this year, threatens growth  More »

Ghana establishes new petroleum industry regulator

In 2007, Ghana made oil and gas discoveries in two deepwater blocks: West Cape Three Points and Deepwater Tano.  More »

Boeing assures Japan of Dreamliner safety

US group visits Tokyo to present ’permanent’ solution for fixing the battery problem that led to the grounding of the aircraft maker’s 787  More »

Manning pleads guilty to classified leaks

Although Mr Manning has pleaded guilty to lesser charges, he has denied the most serious charge against him: that he ‘aided the enemy’  More »

Rowan benefits from deep-water focus

Rowan earned $54.1 million in the fourth quarter of 2012, or 44 cents a share, up 19 percent from $45.1 million, or 27 cents a share, in the fourth quarter of 2011.  More »
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