On September 30, Teekay Corporation (TK:NYSE) declared that it entered into an agreement where it will purchase a stake in recapitalized Sevan Marine ASA (SEVAN:OSLO) and buy three floating production storage and offloading (FPSO) units from the Norway-based company.
North America seems to be experiencing a new oil age, with production that could reach record levels by 2016, according to a report recently issued by Bentek Energy.
The Upper Devonian geologic, which lies just above the giant Marcellus shale, potentially holds as much gas as the Marcellus, a top manager at Range Resources said recently.
The New York Department of Environmental Conservation (DEC) has recently issued proposals for regulations that would affect hydraulic fracturing activity occurring in the portion of Marcellus shale that exists in New York.
Canadian brokerage firm Canaccord Genuity maintained its SPECULATIVE BUY rating and C$1.65 target share price for exploration and production company Canacol Energy Ltd. (CNE:TSX).
One of the (most profitable) things I do for subscribers is stay on top of all the new shale plays popping up all over the world.
While shale oil and gas are widespread in North America, the global shale revolution is just starting — but is sure to continue for...
Investment bank Cannacord Genuity recently upgraded oil and gas company Trinidad Drilling (TDG:TSX) to a BUY rating and maintained its target share price of C$11.25.
The Canadian province of British Columbia recently declared that it will promote the liquefied natural gas industry as a means of giving a boost to the region.
