Two large Indian oil and gas companies will invest a total of 1.33 billion U.S. dollars more in offshore gas projects...
Marathon Oil Corporation today announced a $5.1 billion capital, investment and exploration budget for 2010, a 17 percent decrease from 2009 capital spending.
“Marathon’s 2010 capital program will focus on Upstream activity, with an emphasis on the development of sanctioned projects, potentially significant exploration wells and advancing our growing resource plays,” said Clarence P. Cazalot, Jr., Marathon president and CEO.
The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Friday, agreed to transfer its interest in three production licences and related equipment in the Niger Delta to a consortium led by two Nigerian companies.
Emirates National Oil Co., Dubai’s government-run refiner, offered to buy the rest of Dragon Oil Plc for about 1.1 billion pounds ($1.8 billion) to tap deposits in Turkmenistan and make up for dwindling supplies and meet rising demand at home.
Encore Denbury has agreed and will make acquisitions to create the oil companies and the largest natural gas in North America. Denbury gave a statement to pay $ 2.64 billion in cash and stock for the Encore.
Oil and gas company Quicksilver Resources expects oil and gas production can reach 20 percent in 2010. Currently the company has increased production to reach 340 mmcfe per day, compared with production in the third quarter production of 311 mmcfe per day. Production growth driven by the improvement of the Barnett...
