Shale oil has been North America's great experiment, says Oil & Gas Investments Bulletin Editor Keith Schaefer. But in this interview with The Energy Report, he questions the experiment's success and predicts steep declines ahead, with just a few formations left to supply the market. The question is what shale play will last the longest? Read on to find out how—and when—to get positioned for the end of the shale revolution.
A brief overview of gas price developments, supply and demand and significant market movers.
The death of Hugo Chavez and the prospect of a regime change in Venezuela are likely to attract investor interest in the short term.
A brief overview of oil price developments, supply and demand and significant market movers.
With natural gas trading at a significant discount to crude, investors are seeking companies looking for the next big gas play. Argentina boasts huge gas potential and is capable of becoming an investor favorite in the long term.
Reuters reported that ExxonMobil (NYSE:XOM) does not want to continue with its massive Iraq-based West Qurna-1 project. The company is reportedly concerned that the project will be less profitable than expected.
ExxonMobil Corp. (NYSE:XOM) and Celtic Exploration Ltd. (TSX:CLT) announced that a subsidiary of ExxonMobil Canada Ltd. will buy all Celtic's outstanding common shares at a cash price of C$24.50 a share. The acquisition as a whole is valued at about $3.1 billion.
Exxon Mobil Corp Acquires Celtic Exploration for $2.6 Billion
The Sydney Morning Herald reported that BHP Billiton Ltd. (ASX:BHP) and ExxonMobil Corp. (NYSE:XOM) may make a decision on how to develop Western Australia's Scarborough gas field in less than a year. The field contains an estimated 10 trillion cubic feet of gas, but its appeal has been mitigated by the fact that it is located in remote, rough seas.
The Wall Street Journal reported that ExxonMobil Corp. (NYSE:XOM), ConocoPhillips (NYSE:COP), BP plc (LSE:BP) and TransCanada Corp. (TSX:TRP) have agreed to merge two competing natural gas pipeline projects into a single pipeline that will export natural gas from Alaska's North Slope to Asia.
Get our independent commentary on oil and gas trends and companies delivered to your inbox.
