ConocoPhillips (COP), the third-largest U.S. oil company, said it’s interested in further shale investments in Australia following a partnership last year with Perth-based New Standard Energy Ltd. More »
Investigators are scheduled to update Okaloosa County commissioners on their widening investigation into the possible theft of tourism funds provided by BP in the aftermath of the 2010 Gulf oil spill. More »
A top White House adviser on Monday said the Obama administration made a concerted effort to reach out to the oil and gas industry while crafting regulations governing natural gas drilling but insists the effort isn’t an election-year ploy. More »
Chesapeake Energy told investors this morning that planned asset sales of $9.5 billion and a $3 billion unsecured loan leave it with sufficient cash flows, as it tried to dispel Friday’s concerns that it might be prevented from selling assets by other debt covenant requirements. More »
Given all the disclosures bombarding Chesapeake Energy investors in recent weeks, basketball may be the farthest thing from their minds, but the company’s liabilities extend, literally, in the arena of professional sports. More »
Concho Resources Inc., a U.S. oil and natural gas developer, agreed to buy all of closely held Three Rivers Operating Co.’s oil and gas assets for $1 billion in cash to expand its operations in Texas. More »
With all the restrictions in proposed state regulations and local bans, gas companies say about half of their lease holdings in the lucrative Marcellus Shale region in New York state will be off-limits or inaccessible to drilling if the state gives the green light to developers this year. More »
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