All Petroleum News

GeoMet closes sale of Alabama coalbed methane assets

On June 14, 2013, GeoMet Inc. closed the previously announced sale of all of its coal bed methane properties located in the state of Alabama.

Second phase of Sadara integrated chemicals project financing signed

The second phase of the financing for the construction of Sadara Chemical Company’s integrated petrochemicals production complex in Jubail Industrial City II, Sau...

Chesapeake, foreign partners set for big US shale spend in 2013

Analyzing Evaluate Energy’s recently released 2013 capital expenditure and average well cost data for the major US shale plays, it becomes clear that foreign comp...

Constitution Pipeline seeks FERC approval to construct Marcellus connection

Constitution Pipeline Company LLC, a limited liability company owned by subsidiaries of Williams Partners LP, Cabot Oil & Gas Corp., Piedmont Natural Gas Co. ...

Can Brent and WTI get together again?

Three years ago in June 2010, prices for the international benchmark Brent crude and the US domestic benchmark West Texas Intermediate (WTI) traded within $1/Bbl ...

Crew to purchase balance of Terra Energy's unconventional Montney assets

Crew Energy Inc. has exercised the option to purchase the balance of Terra Energy Corp.’s Montney assets in northeast British Columbia for $36 million.

Pardee Resources names Lopus as senior executive for oil and gas

Pardee Resources Co. (PRC) has named Thomas A. Lopus as senior vice president, oil and gas. Pardee Resources is a Philadelphia-based firm that focuses on the acqu...

Former Anadarko CEO joins Riverstone Holdings

Energy and power-focused private investment firm Riverstone Holdings LLC has added former Anadarko Petroleum Co. executive James T. Hackett to the firm as a partn...

Enterprise, Western Gas form JV for ownership of NGL fractionation trains

Enterprise Products Partners LP announced June 12 that it has entered into a joint venture (JV) with Western Gas Partners LP, to own natural gas liquid (NGL) frac...

Cazalot to retire as Marathon Oil chairman, president and CEO

Clarence P. Cazalot, Jr., chairman, president and CEO of Marathon Oil Corp. (NYSE: MRO) has elected to retire on Dec. 31, 2013, after almost 14 years leading Mara...