Newfield Exploration to jointly explore Marcellus Shale play with Hess

October 12th, 2009 Analyst: Gas shale may be next bubble to burstDENVER — The promise of enough natural gas to last the United States more than 100 years based on discoveries of vast shale formations could be the country's next speculative bubble to burst, a speaker warned Monday at a conference exploring the notion that the world's oil and gas are diminishing rapidly. Arthur Berman, a Texas-based geological consultant, likened the optimistic projections for production from gas shale fields across the country to banks buying into mortgage securitizations, which spurred the housing market crisis and economic meltdown.

September 18th, 2009 Justice targets Bush Cabinet official in probeWASHINGTON — The Justice Department has launched an investigation into whether former Interior Secretary Gale A. Norton illegally used her position to steer lucrative oil leases to Royal Dutch Shell PLC, the company she works for now, officials with both departments confirmed to The Associated Press.

September 2nd, 2009 KOLKATA - State-run energy explorer Oil India Ltd (OIL) will start drilling oil blocks in Libya from October for exploring an estimated two trillion cubic metres of reserves, a top company official said Wednesday. "We will drill four wells in Libya by 2010-11.

September 1st, 2009 NEW DELHI - From an annual auction of its hydrocarbon blocks, India is moving towards a year-long bidding process, said Minister of State for Petroleum and Natural Gas Jitin Prasada here Tuesday. The government of India is moving gradually but inexorably towards the Open Acreage Licensing System from the current New Exploration Licensing Policy, Prasada said at the inauguration of an international conference on National Data Repository (NDR).

August 25th, 2009 Bangladesh awards gas exploration rightsDHAKA, Bangladesh — Bangladesh has awarded three offshore blocks to two global energy companies to explore for gas in the Bay of Bengal, a senior energy official said Tuesday. The U.S.-based ConocoPhillips and Ireland's Tullow Oil could start exploration work by early next year, said Mohammad Muqtadir Ali, chairman of the state-owned Bangladesh Oil, Gas and Mineral Corporation, or Petrobangla.

August 25th, 2009 Newfield Exploration to curtail 3Q productionHOUSTON — Newfield Exploration Co. said it will voluntarily curtail about 2.5 billion cubic feet equivalent of its third-quarter production in response to low natural gas prices.

August 18th, 2009 Oceaneering International to provide equipmentHOUSTON — Oceaneering International Inc. said Tuesday it has agreed to supply Esso Exploration Angola Ltd.

August 10th, 2009 Atlas Energy 2Q profit falls, misses expectationsPITTSBURGH —Atlas Energy Resources LLC on Monday said its second-quarter profit declined 68 percent and missed analyst expectations, as natural gas prices and demand remained weak. Earnings fell to $12.2 million, or 19 cents per share, compared with $38.4 million, or 57 cents per share, last year.

August 4th, 2009 On the Call: Chesapeake Energy CEO McClendonChesapeake Energy, one of the nation's largest independent natural gas producers, has struck deals in the past year with European oil and gas companies BP and StatoilHydro that gives them a stake in shale gas projects that Chesapeake is developing. Shale is a kind of layered, sedimentary rock that exists in formations throughout the world.

July 30th, 2009 HAVANA - Russia has provided a $150-million loan to Cuba and signed pacts with the Caribbean nation for oil exploration in the Gulf of Mexico, a media report said. The money will be provided in instalments over two years, the Itar-Tass news agency reported.

July 6th, 2009 McMoRan reports potential discovery at gas wellNEW ORLEANS — Independent oil and gas producer McMoRan Exploration Co. said Monday that drilling results indicate a potential discovery at a deep gas exploratory well in Louisiana.

May 14th, 2009 Jordan, Shell to sign oil shale extraction dealAMMAN, Jordan — The official Petra news agency says Jordan and Royal Dutch Shell PLC will sign a deal Sunday to explore for oil in the country's extensive oil shale deposits. Natural Resources Authority director Maher Hijazin told the Jordanian news agency late Wednesday that Shell will spend $540 million in the project's initial exploration, assessment and design before commercial operation Hijazin says the concession agreement will be concluded on the sidelines of the Mideast World Economic Forum this weekend at the Dead Sea.

May 13th, 2009 BP Prudhoe Bay enters $29.5M settlement dealNEW YORK — BP Prudhoe Bay Royalty Trust said Tuesday it entered into a $29.5 million settlement agreement with BP Exploration (Alaska) Inc., a unit of British oil company BP PLC. BP Exploration will pay the $29.5 million to the trust.

May 12th, 2009 Newfield names new CEO, splits CEO, chairman rolesHOUSTON — Newfield Exploration Co. on Monday split the leadership roles of the company when it named Lee K.

March 19th, 2009 JAKARTA - MSE Earthstone Resources FZC, part of Earthstone Group, a diversified mining company, today announced the acquisition of 100% economic rights for coal tenement extensively spread over 2,560 Hectares in the thermal coal resource region of Melabouh, Aceh, North Sumatra, Indonesia. The Indonesian Department of Mining granted a three-year Kuasa Pertambangan (a mining right) license to PT Bara Bina Perkasa early this month.