Gunvor eyes Eagle Ford assets to mend Washington ties
Swiss commodity trading house Gunvor is in talks to buy US upstream acreage – notably Baytex Energy assets in the Eagle Ford shale – in a bid to mend relations with the Trump administration, which had fiercely opposed Gunvor’s earlier bid for Lukoil’s foreign assets.
Chesapeake says Southwestern merger to create biggest US gas company on track amid LNG deals and profit falls
Chesapeake Energy Corp., the US natural gas producer completing a merger with smaller peer Southwestern Energy to create American’s biggest natural gas company, reported declines in fourth-quarter and annual net income as it also advanced with various LNG deals.
US LNG feed-gas provider Kinder Morgan sees Gulf Coast natural gas market growing ‘enormously’ to 2030
Kinder Morgan Inc (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure developer, reported third-quarter net income of $576 million, up from $495M in the prior-year quarter, as the executive team forecast a continuing and deepening LNG boom on the Gulf Coast.
Marubeni shale sale
March 26 (LNGJ) - Marubeni Corp., the Japanese trading house and LNG sector participant, said it reached an agreement to sell its shale assets in the Eagle Ford play in Texas to two independent oil and gas companies for an undisclosed sum. Marubeni purchased 52,000 net acres in the Eagle Ford in 2012 from Texas company Hunt Oil for $1.3 billion. “Marubeni is accelerating asset recycling as part of the enhancement of the cash flow management and this deal is expected to contribute to that goal,” said the Japanese company.
