Large shale oil/gas resources in Alberta
Great oil and gas resources in the emerging shale prospects of the Canadian province of Alberta, have been identified in a new study that suggest that recent takeovers and land buys will yield substantial production gains for some of the largest oil companies in the world.
Murphy Oil acquires Seal
Murphy Oil Company Ltd. has entered into an agreement with Shell Canada Energy to purchase additional interests in lands and take over as operator of Shell’s assets in the Seal Lake area of Alberta, Canada.
Curtiss-Wright and NuScale Power pen deal for rod
The Electro-Mechanical Division business unit of Curtiss-Wright Corporation’s Flow Control segment has signed a contract with NuScale Power to design control rod drive mechanisms (CRDMs) for NuScale's small modular reactor.
Cimarex announces sale of property
Cimarex Energy Co. has entered into an agreement to sell certain non-core long-lived oil and gas properties in Texas. The properties are to be sold for USD$294 million.
The sale is anticipated to close before the end of 2012.
GE Oil & Gas increase growth/hiring in Houston
GE Oil & Gas senior executive Supply Chair, Paul Smith announced that company would be hiring over 200 production manufacturing positions and more than 30 salaried supply-chain positions, in order to grow and increase capacity in Houston, Texas.