GeoSouthern

Temperatures Plunge In Moscow

Russian gas independent Novatek and Gazprom oil-producing arm Gazpromneft have agreed to a $2.94bln deal to buy Italian Eni‘s stake in SeverEnergia, which is expected to produce 36 billion cubic meters of gas and liquids by 2017, equivalent to two-thirds of Novatek’s production, according to Reuters. A joint venture of Eni and Italian Enel has a 49% stake in SeverEnergia, of which Eni controls 60%. Investment… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

Devon has agreed to pay GeoSouthern Energy $6 billion for assets in the Eagle Ford shale that currently produce 53,000 barrels per day of oil equivalent and hold recoverable resources of 400 million boe, most of that proved reserves. [Devon] Oil and gas producer Cabot  will pay a $975,000 civil penalty and spend an estimated… Keep reading →