Spectra Energy Corp (NYSE: SE) declared an 8.7 percent increase in its quarterly cash dividend on its common stock, from $0.23 to $0.25 per share. The dividend is payable September 15, 2008, to shareholders of record at the close of business August 15, 2008.
Spectra Energy Canada Exchangeco Inc. (”Exchangeco”), a subsidiary of Spectra Energy, also [...]
In a dire forecast, the Paris-based International Energy Agency is warning of an impending crunch in the supply of oil and natural gas needed to power world economic growth in coming years.
The IEA is the energy watchdog of the world’s 26 most-advanced economies, and its pessimistic assessment is contained its latest annual medium-term forecast to [...]
Cement makers in the UAE are turning to imported coal to fire their furnaces as gas is scarce and the petrodollar-fuelled building boom shows no signs of letting up. That is likely to drive world coal prices higher still, producers and traders say.
Home to the world’s fifth biggest gas reserves, the UAE has failed to [...]
Canadian Superior Energy Inc. Speaking from the dockside of the harbour in Brownsville, Texas, Canadian Superior’s Chairman, Greg Noval, said today at 7:00 AM Central Daylight Time, “We have launched the Kan Tan IV semi-submersible drilling rig on its way to Trinidad. The rig is being towed to Trinidad by Secunda International Limited of [...]
Canadian Superior Energy Inc. Speaking from the dockside of the harbour in Brownsville, Texas, Canadian Superior’s Chairman, Greg Noval, said today at 7:00 AM Central Daylight Time, “We have launched the Kan Tan IV semi-submersible drilling rig on its way to Trinidad. The rig is being towed to Trinidad by Secunda International Limited (’Secunda’) of [...]
ConocoPhillips officials announced today the hiring of three staff members to manage the Phillips Petroleum Company Museum scheduled to open in May.
Thad Satterfield, formerly CEO and executive director of the Bartlesville Regional United Way, has been named marketing director and will provide direction and strategy for the Phillips Petroleum Company Museum in Bartlesville, as well [...]
Queensland Gas Co. shareholders approved AGL Energy Ltd.’s purchase of a stake in the Australian coal seam gas producer for A$324 million ($254 million), spurning a rival bid from a Societe Generale Asset Management unit.
AGL’s proposal, which includes a 20-year contract to buy fuel from the Brisbane-based company, was backed by more than 75 [...]
Petroleum Development Oman (PDO) announces the discovery of three oil fields. One field, named Budour Northeast, is located in the Birba area of south Oman. The other two discoveries are extensions of the Ufuq and Dafiq fields, whose discovery was originally announced last year.
“These new fields will contribute to the sustainability of PDO’s oil production”, [...]
The new Democratic-led U.S. Congress is promoting energy policies that focus more on renewable energy than oil and natural gas drilling, but some officials are still determined to open more federal lands to energy exploration.
Speaking at an energy policy forum Tuesday, pro-drilling lawmakers Sen. Mary Landrieu, D-La., and Rep. John Peterson, R-Pa., said they want [...]
Southeast Supply Header, LLC (SESH) has signed three additional shippers to long-term contracts, bringing total commitments to nearly 1 billion cubic feet per day (Bcf/d), the initial proposed capacity on the new natural gas pipeline system that is anticipated to be in service by summer 2008.
Southern Company, Tampa Electric Company and EOG Resources, Inc., [...]
