Bloomberg reported that GE has expanded its energy portfolio with the purchase of Lufkin Industries Inc for $3.3 billion.
Articles Tagged "shale gas"
Reuters reported that Romanian citizens are protesting Chevron's plans to explore for shale gas, and are pressuring the government to withdraw concessions.
Reuters reported that the U.S. is experiencing a swell in interest from global manufacturers due to the abundant supply of shale gas and cheap energy prices
Bloomberg reported that Shell plans to invest $1 billion in developing Chinese shale assets after winning a contract with China National Petroleum Corp.
Reuters reported that Canadian Natural is considering alternatives for its B.C. shale assets, including selling them or finding a partner to help develop them.
Bloomberg reported that a recent study indicated that production from the second largest natural gas resource in Texas, the Barnett Formation reached a peak in 2012 and is expected to fall by half in the next 17 years.
Mining Weekly reported that a recent survey suggests that most industry participants believe that shale gas prices have hit the bottom.
North American investors believe that the future of the market lies out east, and will be closely watching studies aimed at investigating China's unconventional resource development.
Bloomberg reported that Japanese Prime Minister Shinzo Abe intends to ask Obama to permit shale gas exports as the country struggles with a spike in energy costs in the wake of 2011's nuclear reactor disaster.
Reuters reported that Turkey is planning to increase the exploration of basins in its Southeast, East and Western Thrace areas in the hope of finding sizeable shale gas reserves. Turkey's interest is motivated by its desire to reduce its energy import dependency.