Gastem announced that following the summer 2008 program, including the drilling of two horizontal wells at St-Francois and St-Louis, Canadian Forest Oil (Forest) has fulfilled its spending requirement and earned a 60% interest in the Yamaska Property. As per the agreement, Forest is now the operator of the Utica Shale Program on Yamaska, covering some [...]
Carrizo Oil & Gas, Inc. and Avista Capital Partners announced that they have entered into a joint venture to pursue growth opportunities in the Marcellus Shale. Under the terms of the agreement, Carrizo and Avista have each committed to contribute up to $150 million in cash and properties to acquire and develop acreage in the [...]
Shortly after noon today, a contract worker discovered a small natural gas leak at an EnCana Corporation well site south of Dawson Creek, B.C. EnCana immediately initiated emergency response procedures and operations engineers are working to stop the leak.
The volume of natural gas leaking from the well is very small and does not present a [...]
Curtis, Mallet-Prevost, Colt & Mosle LLP represented KazMunayGas (KMG), the national oil company of Kazakhstan, in its successful negotiations with the North Caspian Sea consortium on the detailed agreements for the future development of the Kashagan field. The Kashagan field is reported to be the world’s largest oil discovery in at least three decades.
The North [...]
Diamond Offshore Drilling, Inc. announced that it will provide an overview of the offshore drilling industry and discuss the Company’s strategic initiatives at the Loews Corporation Investor Meeting in New York on Wednesday, November 5, 2008. Presentations by Loews’ senior management and the senior management of its subsidiary companies will commence at 8:30 a.m. Eastern [...]
The global law firm of Thompson & Knight has assisted Sonangol, the state-owned oil company of Angola, in a transaction for one of the world’s largest integrated natural gas projects. Under terms of the deal, Sonangol’s Sonagas unit and Chevron Corp., together with their European partners Total SA, BP PLC, and Eni SpA, have agreed [...]
Global Alumina Corporation, a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the “Project”), announced that it has received the aggregate first deferred subscription payment from its joint venture partners of approximately $42.2 million. The payment has been placed [...]
Avista Capital Partners, a leading private equity firm that invests primarily in growth-oriented energy, media, and healthcare companies, today announced it has committed $55 million to Laredo Energy IV, LP to fund the acquisition, exploration, and development of natural gas resources in the prolific Lobo Trend in South Texas.
Laredo IV, which is led by president [...]
Suncor Energy Inc. announced that its Board of Directors has approved a $6 billion capital spending plan for 2009. Approximately $3.6 billion in spending, or about 60% of the total, is targeted to Suncor’s Voyageur oil sands growth strategy.
“Following a thorough review in light of current financial market conditions, we’ve modified our capital plans for [...]
Hidalgo Mining International, an innovative mining company headquartered in Port Washington, NY, announced today that it has completed its acquisition of gold-rich Fifa area properties in Guinea, West Africa. These latest acquisitions effectively expand Hidalgo’s gold mining project to encompass the entire area comprising the Fifa license, bringing the company’s total mineable area to twenty-five [...]
