Monthly Archives: December 2009

Exxon Mobil to buy natural gas specialist

By dvdmaxwell | Published: December 14, 2009
Exxon Mobil moved to bolster its U.S. natural gas reserves by announcing a $41 billion agreement Monday to acquire XTO Energy, a 23-year-old independent oil and gas company. Original post by Steven Mufson
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U.S. firms lag in bids to develop Iraqi oil fields

By dvdmaxwell | Published: December 12, 2009
BAGHDAD — Chinese, Russian and European companies won the right this weekend to develop major oil fields in Iraq, while U.S. firms made a paltry showing at auctions that represent the first major incursion of foreign oil companies into Iraq in four decades. Original post by Ernesto LondoÃ?±o
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Widespread oil theft by drug traffickers deals major blow to Mexico’s government

By dvdmaxwell | Published: December 12, 2009
MALTRATA, MEXICO — Drug traffickers employing high-tech drills, miles of rubber hose and a fleet of stolen tanker trucks have siphoned more than $1 billion worth of oil from Mexico’s pipelines over the past two years, in a vast and audacious conspiracy that is bleeding the national treasury,… Original post by Steve Fainaru and William Booth [...]
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Brazil girds for massive offshore oil extraction

By dvdmaxwell | Published: December 6, 2009
Everything about the shipyard here is colossal — the 4,000-man workforce, the billions sunk into it in capital costs, the half-finished 10-story-high production platforms. Original post by Juan Forero
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An energy answer in the shale below?

By dvdmaxwell | Published: December 2, 2009
The first time Chesapeake Energy tried to buy mineral rights from Diana Whitmore, a 74-year-old retired real estate broker in southern New York, it offered her $125 for every acre of land plus a 12 percent royalty on whatever natural gas it extracts. Original post by Steven Mufson
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