Daily Archives: August 24, 2009

Sheila McNulty

In the past year, there has been heightened interest in US natural gas resources, as new technology and expertise has expanded from 30 years to 100 years the number of years the US could continue to provide as much natural gas power as it is today. Foreigners are taking notice.

The interesting thing about this is the way they are expressing their interest. Instead of outright buyouts, these companies – including BP and BG from the UK; StatoilHydro, the Norwegian energy company; and Eni, the Italian oil company – have all bought into US natural gas plays through partnerships in which they share not only the reserves but the development of them. Read more

Carola Hoyos

In the FT:

Centrica takes controlling stake in Venture  Read more

James Fontanella-Khan

Foreign energy groups buy into US natural gas
Estimates of US supplies continue to increase (FT)

Sinopec to boost expansion abroad after profit surges to record
Asia’s biggest refiner plans “rapid” overseas expansion (Bloomberg) Read more