18 10 / 2011
UPDATE 1-Chesapeake cuts size of Granite Wash offering
After the offering, unit holders will receive quarterly
distributions of cash from the proceeds that Chesapeake Granite
Wash Trust receives from the sale of oil, natural gas and
natural gas liquids from the wells in the Granite Wash basin.A spokesman for Chesapeake was not immediately available to
comment.Chesapeake’s shares fell 2.5 percent, or 68 cents, to
$26.62 in early afternoon trading on the New York Stock
Exchange. The stock was underperforming a 1 percent gain in the
ARCA natural gas index .
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13 10 / 2011
Obama: North Korea’s choice is disarmament or isolation
Ties between the two Koreas have been frosty since Lee took office in 2008 and linked aid to progress on North Korean nuclear disarmament. They deteriorated further after the North’s deadly attacks on the South last year — the sinking of a South Korean warship and the shelling of an island.
12 10 / 2011
Danish DUC Sept oil output down 1.6 pct from Aug
DUC exports of natural gas rose to 390 million cubic
metres from 360 million in August and was down from 540 million
in the same month a year ago, Maersk said.DUC is responsible for most of the petroleum output from
Denmark’s North Sea oil and gas fields. Denmark is the
third-biggest producer in western Europe after Norway and
Britain.Danish shipping and oil group A.P. Moller-Maersk owns 39
percent of DUC. Royal Dutch Shell Group (RDSa.L) has 46 percent
and Chevron a 15 percent stake in the partnership.#
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