In the U.S., all roads lead to gas, says Munich-based Siemen chief executive.
Exxon Mobil, Shell and Chevron have the capacity to acquire BG, says analyst.
Retaining the Montney acreage removes the biggest asset on the block to supply proposed liquefied natural gas plants on the Pacific Coast.
In the upcoming year, industry executives are optimistic about the prospects for additional production from unconventional resources, but are concerned that increased regulations could slow growth.
Apache (with 40% share) leads this $15 billion venture in partnership with Encana Corp. and EOG Resources Inc. (with 30% stake each).
Two $7 billion leveraged buyouts in 90 days signal private equity’s hunt for domestic oil and gas assets is heating up.
Quantum Energy's Bill Montgomery: “By our count, 12 to 15 of the larger energy-focused funds are out there raising what could add up to $15 to $20 billion."
Total deal value in 2011 dropped 19% from 2010 record levels, yet the number of deals increased 15% to a record of 726.
The key drivers for U.S. A&D activity in 2011 has been strong demand by majors, large independents and international companies for shale and unconventional resources.
Chesapeake Energy’s $2.14-billion Utica shale joint venture and $1.25-billion regional drilling subsidiary capped a 90-day news whirlwind that has propelled the Ohio Utica to the forefront of U.S. shales.
|E&P||USD 50||Members only||Buccaneer Energy Ltd.|
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|E&P||USD 359||Members only||Pyramid Oil Co.|