The Houston company due to be the first exporter of U.S. natural gas has lined up buyers for more than half of the supplies it plans to send overseas from its second proposed liquefaction facility in Corpus Christi. More »
Investors’ growing reluctance to back big, complex projects is driving the energy industry to break up its infrastructure plans into smaller pieces, potentially putting new projects and technology development into the hands of many more players, energy executives said Thursday. More »
Australian officials are pitching a potential shale gas boom in their country as an investment opportunity for American firms looking to profit from expertise they’ve developed in recent years here at home. More »
A company that was planning a wave energy installation off the Oregon coast that could have powered 1,000 homes has said it will instead undertake the project in Australia. More »
Woodside Petroleum, Australia’s second-largest oil producer, missed its target for completing a deal to buy a stake in a natural gas project in Israel, 15 months after signing an initial accord.
Vitol Group agreed to pay about $2.6 billion for Royal Dutch Shell Plc’s Australian refinery and filling stations as Europe’s largest oil company accelerates asset sales. More »
Shell says it has agreed to sell its stakes in an Australian liquefied natural gas project to the Kuwaiti Foreign Petroleum Exploration Company for $1.1 billion. More »
While companies have eyed shale development in China, lured by the prospect of huge reserves and easy financing, the world’s next major shale boom is likely to come from another country, according to a new analysis. More »
Chevron Corp. said its oil and gas production fell in the first two months of the fourth quarter because of planned maintenance and other downtime at facilities in the Gulf of Mexico, Australia and Angola. More »
Royal Dutch Shell PLC says it has completed building the hull of the world’s largest floating facility, which has been constructed to process natural gas off the coast of western Australia. More »
Chevron expects a weaker second quarter performance, driven by lower oil prices and lower international oil production for the second quarter, a result of maintenance and turnaround activity, the company said in an interim update issued Thursday morning.
Two investor groups claim that Buccaneer has lost its way, beset by delays and cost overruns as it pursued an ambitious drilling program in Alaska’s Cook Inlet and on the Kenai Peninsula. Buccaneer Energy founder Curtis Burton is fighting to stay on the board. More »