The Eagle Ford play in southeast Texas presents local refineries with the opportunity to get crude oil at lower costs than using imported oil.
Chevron Technology Ventures, a division of Chevron U.S.A. Inc. (CVX:NYSE), demonstrated its new solar energy product on October 3, according to a statement.
Financial services firm Raymond James maintained its OUTPERFORM rating for junior oil and gas company Twin Butte Energy Inc. (TBE:TSX) and lowered its target stock price for the company to C$3.50 from C$3.75.
Energy services company Patterson-UTI Energy Inc.'s (PTEN:NASDAQ) 3Q11 results indicated earnings per share (EPS) of C$0.53, around 140,000 horsepower (hp) worth of pumping equipment deployed so far this year and seven new APEX rigs completed during the period.
Investment bank Raymond James recently announced that it was reiterating its Strong Buy rating for service provider Basic Energy Services (BAS:NYSE) and changing the company's target price to C$30.00.
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.
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.
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.
