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gasfacts2019

Consol Energy Inc., Pittsburgh, and Noble Energy Inc., Houston, have agreed to separate their 50-50 joint venture formed in 2011 for the exploration, development, and operation primarily of Marcellus shale properties in Pennsylvania and West Virginia.

Chevron Corp. has encountered a $5-billion cost blow-out with its Wheatstone LNG project in Western Australia.

New England consumers, who will pay much more for electricity and natural gas than their counterparts elsewhere in the US because of inadequate interstate gas pipeline capacity, are the exception to an otherwise good supply picture heading into the winter heating season, the American Petroleum Institute’s chief economist said.

Crude oil prices continued falling on the New York and London markets Oct. 31 while doubts continued to grow that the Organization of Petroleum Exporting Countries will actually reach any agreement to cut production at its Nov. 30 meeting.

HollyFrontier Corp., Dallas, has entered a definitive agreement to acquire Petro-Canada Lubricants Inc. (PCLI) from Suncor Energy for $1.125 billion (Can.), including working capital estimated at $342 million.

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