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Major Integrated Oil & Gas News
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1. Exxon Acquires XTO Energy - Zacks.com - Mon 11:00 am ET
Exxon's offer represents a 25% premium for XTO shareholders.
2. Chevron Announces Natural Gas Find in Australia - Business Wire - Mon 9:00 am ET
SAN RAMON, Calif.----Chevron Corporation , through its subsidiary Chevron Australia Pty Ltd, today announced an additional natural gas discovery in the Carnarvon Basin offshore Western Australia.
3. Exxon Mobil Corporation and XTO Energy Inc. Announce Agreement - Business Wire - Mon 8:09 am ET
IRVING, Texas----Exxon Mobil Corporation and XTO Energy Inc. announced today an all-stock transaction valued at $41 billion. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources.
4. Company seeks savings, safety from smart driving - AP - Fri Dec 11
A little black box the size of a Zippo cigarette lighter is plugged into a port below Chris Williams' steering column. It lets him know how he's doing behind the wheel and lets his employer make the company's drivers safer and more fuel-efficient.
5. Chevron Sees Smaller Budget in 2010 - Zacks.com - Fri Dec 11
Chevron Corp. said that it will prune its capital expenditures by about $1.2 billion in 2010.
6. Chevron to search for natural gas in Poland - AP - Fri Dec 11
The Polish Environment Ministry says it has authorized U.S. oil company Chevron to explore natural gas deposits in eastern Poland for the next five years.
7. Natural Resources Analyst Guides Investors In the MLP Space: Picks MLPs According to Investor Strategy - Wall Street Transcript - Tue Dec 8
67 WALL STREET, New York - December 8, 2009 - The Wall Street Transcript has just published its Oil & Gas Production and Distribution Report offering a timely review of the sector to serious investors and industry executives. This 76 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
8. EnCana Completes Spin-off - Zacks.com - Tue Dec 1
Cenovus will be focused on oil sands and refining businesses and EnCana will be focused on natural gas.
9. EnCana closes transaction to split into two distinct and independent companies - Cenovus Energy and EnCana - Business Wire - Mon Nov 30
CALGARY, Alberta----EnCana Corporation today completed its transaction to split into two highly focused energy companies: Cenovus Energy Inc., an integrated oil company and EnCana Corporation, a pure play natural gas company.
10. Hedging losses send EnCana 3Q profit sharply lower - AP - Thu Nov 12
Natural gas and oil producer EnCana Corp. said Thursday profit dropped for the third quarter on lower natural gas prices and significant unrealized hedging losses.
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