Energy Finance

Archive for July, 2009

ExxonMobil, Chevron, ConocoPhillips and Shell Stumble

Thursday, July 30th, 2009 Posted in Uncategorized | No Comments »

As the energy sector's second-quarter earning reports pour in, investors learned that the supermajors are not fairing much better independents. Exxon Mobil, the top supermajor, reported a steeper-than-expected second quarter profit ... Read more..

El Paso Corporation Announces Partner For Ruby Pipeline Project

Monday, July 27th, 2009 Posted in Uncategorized | No Comments »

On July 27, El Paso Corp. executed a binding agreement with Global Infrastructure Partners (GIP) whereby GIP will acquire a 50% interest in the Ruby Pipeline project. Houston-based El Paso owns ... Read more..

Energy CFOs Face Broad Challenges

Friday, July 24th, 2009 Posted in Uncategorized | No Comments »

Chief financial officers of oil and gas companies "face a broad set of challenges as they are charged with helping keep their companies on their journeys to high performance," according ... Read more..

Foundation For Energy Education - Part 1

Tuesday, July 21st, 2009 Posted in Uncategorized | No Comments »

The Texas Alliance of Energy Producers, through its Foundation for Energy Education, is conducting an advertising campaign in the Texas Panhandle region. This is the second market in a long-term, ... Read more..

Pushing Nat-Gas Cars

Tuesday, July 21st, 2009 Posted in Uncategorized | No Comments »

A big push is underway in Washington to boost the attractiveness of natural gas powered vehicles, says G. Allen Brooks of Parks Paton Hoepfl & Brown. The most recent effort ... Read more..

IHS Herold: Global Upstream Oil & Gas M&A Activity Rebound

Monday, July 20th, 2009 Posted in Uncategorized | No Comments »

Global mergers and acquisitions (M&A) upstream deal count nearly doubled in the second quarter 2009 from a 10-year low in the first quarter 2009, spurred by a resurgence in oil ... Read more..

EU Proposes New Rules To Deal With Gas-Supply Crisis

Thursday, July 16th, 2009 Posted in Uncategorized | No Comments »

In July, the European Commission proposed a new regulation to improve security of gas supplies in the framework of the internal gas market. The proposed regulation, if adopted, will strengthen ... Read more..

API: Sluggish Economy Pushes U.S. Oil Demand To Lowest Level In Decade

Wednesday, July 15th, 2009 Posted in Uncategorized | No Comments »

U.S. petroleum deliveries (a measure of demand) plummeted nearly 6% for the first half of 2009, to the lowest level for the January-to-June period in more than a decade, as ... Read more..

Summary Of Quality, Affordable Health Coverage for All Americans Bill Passed By Senate

Wednesday, July 15th, 2009 Posted in Uncategorized | No Comments »

The Senate's health committee approved legislation this morning to expand health insurance coverage and restrict the way the health insurance industry operates. The bill, which  passed the Senate 13 to 10, ... Read more..

XOM Serious About Algae Biofuel

Tuesday, July 14th, 2009 Posted in Uncategorized | No Comments »

On July 14, Irving-based ExxonMobil Corp. announced an alliance with leading biotech company, Synthetic Genomics Inc. (SGI), to research and ... Read more..