The American Petroleum Institute is taking issue with the president’s State of the Union demand to end subsidies and tax breaks for oil producers. While Obama didn’t say just which subsidies he’d cut, the industry isn’t waiting…
A natural gas boom is coming in the U.S, but while consumers are likely to benefit from the cheap energy source, investors may not. Huge new discoveries of domestic reserves may keep prices down, and the political push toward r…
One would think that BP’s massive Gulf of Mexico oil spill this year would have given pause to the global oil industry, but that doesn’t appear to be the case. Companies in the sector are planning to spend a record $490 billion…
When the BP Gulf oil spill hit, Flowserve’s stock was one of the energy plays that got hammered along with BP. But seven months later, it has risen back to it pre-disaster level. And several analysts see even better days coming…
Chevron (CVX) will buy Atlas Energy (ATN) for $3.2 billion cash and $1.1 billion of assumed net debt. Acquiring Atlas will give Chevron a greater presence in the Pennsylvania’s Marcellus Shale natural-gas deposits.
“This acquisition is the right opportunity for Chevron,” said George L. Kirkland, Chevron vice chairman. “We are acquiring a company that has one of the premier acreage…
Continue reading Chevron to Buy Atlas Energy in Deal Worth $4.3 Billion
Chevron to Buy Atlas Energy in Deal Worth $4.3 Billion originally appeared on DailyFinance on Tue, 09 Nov 2010 07:48:00.
Filed Under: Energy, Company News, Technology, Green, Chevron