Gastar Exploration Inc. (NYSEMKT: GST) (“Gastar”) reported on 16 June 2014 that it has reached total depth on the vertical pilot hole for its first Utica/Point Pleasant well in Marshall County, West Virginia. The Simms 5-UH well was drilled to a total depth of 11,410 feet and encountered approximately 92 net feet of pay in…
Papua New Guinea has reached a milestone on Monday as it sent its first ever liquefied natural gas (LNG) to Japan. The cargo came from the $US19 billion project operated by ExxonMobil Corporation (NYSE:XOM). The company’s LNG project is the first of several in Australia and PNG. Other plants are expected start operational in the…
Alcoa Inc (NYSE:AA) kicked off the U.S. earnings season, gaining after markets closed as it posted better-than-estimated results. The largest U.S. producer of aluminum forecast global demand will exceed production this year, projecting an end to an almost decade-long surplus driven by Chinese output. Alcoa Inc (NYSE:AA) stock performance was 0.48% in last session and…
Chesapeake Energy Corporation (NYSE:CHK) guidance for 2014 was seen as relatively lackluster, with overall production poised to grow by just 2% to 4% year-over-year. However, the company’s natural gas liquids (NGL) targets proved to be a bright spot, with volumes slated to rise by as much as 45% year-over-year. Chesapeake Energy Corporation (NYSE:CHK) stock performance…
