Moody’s Confirms Nexen’s Investment Grade Credit Rating

Earlier today, Moody’s Investors Service announced the completion of their credit review and confirmed Nexen’s Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early 2012, and retaining sufficient cash to fund... 

Sentry Petroleum President and CEO Discusses Potential World-Class Coal Resource

Sentry Petroleum Ltd today announced the release of a video interview with Dr. Raj Rajeswaran, Sentry Petroleum President and Chief Executive Officer. The interview is available on the company’s web site at http://www.sentrypetroleum.com/presentations/sentry-video-presentations/ Sentry President and CEO, Dr. Rajeswaran is quoted as saying, “We... 

Chevron profit climbs, but reserves data weigh

Chevron Corp’s 72 percent rise in quarterly profit easily beat Wall Street forecasts, but anemic growth in its oil reserves disappointed investors and its shares fell 1.5 percent. Like smaller rivals ConocoPhillips and Occidental Petroleum Corp, earnings at the second-largest U.S. oil company were lifted by the strength of oil prices. But Chevron... 

Enterprise Strengthens Eagle Ford Shale Position with Chesapeake Agreements

Enterprise Products Partners L.P. nnounced today that the partnership has entered into 10-year agreements to handle a substantial portion of Chesapeake Energy Corporation’s (NYSE:CHK – News) liquids-rich natural gas production in the Eagle Ford Shale. Chesapeake’s gross acreage position currently comprises more than 625,000 acres in and around... 

Quicksilver Resources and Eni Form Strategic Alliance to Develop Unconventional Natural Gas Resources

Quicksilver Resources Inc. announced today that it has formed a strategic alliance with major integrated energy company Eni for acquisition, development and exploitation of unconventional natural gas resources in an area covering approximately 270,000 acres surrounding Quicksilver’s Alliance properties in the Fort Worth Basin. The parties have... 

State of Illinois, FutureGen Partners Highlight Significant Progress and Unwavering Commitment to Bring Project Home to Mattoon

Illinois Department of Commerce and Economic Opportunity Director Jack Lavin today assembled national, state and local partners to announce new developments in the state’s effort to secure the landmark FutureGen clean energy project. The progress report included new geophysical data that confirm the suitability of the Mattoon host site to securely... 

Chesapeake Energy Corporation Announces Marcellus Shale Joint Venture and International Unconventional Natural Gas Exploration Alliance with StatoilHydro

Chesapeake Energy Corporation announced the execution of an agreement for a joint venture with StatoilHydro whereby StatoilHydro will acquire a 32.5% interest in Chesapeake’s Marcellus Shale assets in Appalachia for $3.375 billion, leaving Chesapeake with a 67.5% working interest. The assets include approximately 1.8 million net acres of leasehold,... 

OMNI Announces Contract Award and Expanded Service Locations

OMNI ENERGY SERVICES CORP. announced that it has been awarded a contract with a leading seismic data acquisition company to perform a major seismic drilling project in the north Louisiana Haynesville Shale area. The contract will generate approximately $5 million in revenue; it is expected to commence during the first quarter of 2009. The Company also... 

Global Resource Corp. Realigns Management and Board with Experts to Bring Company to Global Markets

Global Resource Corp., a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced today that it has installed a new management team and added two directors with world-class expertise to execute its transition from research into a major manufacturer and global marketer of hydrocarbon technologies. Frank Pringle,...