Chesapeake Energy tacked on 6.3% after the natural-gas producer said it plans to further reduce dry-gas drilling activity by 50% and to curtail its gross gas production by about 8% in response to a drop in natural-gas prices.
China's largest offshore oil-and-gas producer Cnooc added 3.6% after its 2012 net profit fell 9.3% on-year to 63.69 billion yuan, due to rising operating costs and higher resource tax expenses.
Devon, as an energy play, is a well-run independent oil-and-gas producer with its management very focused on enhancing shareholder value.
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In the end, operations in Germany, North America and Britain were sold to Air Liquide, to make it the biggest industrial-gas producer in Europe.
Two others come from oil-and-gas producer Matador Resources Co.
The move, disclosed in a footnote to the company's 1992 annual report, meant Enron could enter into a long-term agreement--say, to buy gas from a producer in South Texas--and assign a value immediately to the profitability of that deal.
Eni already is the biggest customer of Gazprom, the Russian state-controlled gas producer that is nationalizing most domestic oil and gas production.
Gurus also scooped up shares of Fort Worth, Texas-based independent oil and gas producer XTO Energy (nyse: XTO - news - people ).
As a material producer of gas -- and supplier to southern Europe -- Algeria has enjoyed interest from companies including BP, Statoil and Repsol, despite an increasingly punitive tax environment.
Michael Harris was a geologist in Rio de Janeiro for Devon Energy, a U.S.-based natural gas and oil producer, according to a company spokesman.
If a natural gas producer can enter five-year-forward contracts, why can't a dairy farmer smooth out his cash flow by linking feed and milk prices?
As the largest natural gas producer in North America--39% of its production is in the U.S.-- BP saw its gas production rise 41% over the past year.
At the same time, East European governments might approach Arab energy suppliers with the suggestion that, in exchange for receiving below-market prices on oil (and perhaps gas) deliveries for a period of time, the producer-countries can gain important new energy markets.
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Gurus also scooped up shares of Fort Worth, Texas-based independent oil and gas producer XTO Energy.
One example: Aubrey McClendon, Forbes 400 member and chief executive of Chesapeake Energy, the second-largest independent producer of natural gas in the country.
Once the world's sixth-biggest producer of oil and gas, Britain has seen production drop by around 40% since its peak of 4.5m barrels a day in 1999.
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One example: Aubrey McClendon, Forbes 400 member and chief executive of Chesapeake Energy (nyse: CHK - news - people ), the second-largest independent producer of natural gas in the country.
Shares in the gas producer are nearly half of their 52-week high.
The Shell Petroleum Development Co is the largest oil and gas company in Nigeria - Africa's top energy producer - with an output of more than one million barrels of oil or equivalent per day.
Gurus also followed the footsteps of a big activist hedge fund into U.S. oil and gas producer Pogo Producing (nyse: PPP - news - people ).
MOSCOW, Dec 6 (Reuters) - Novatek , Russia's largest independent gas producer, is planning a Eurobond issue and is guiding investors towards a yield of 312.5 basis points area over 10-year US Treasuries, two banking sources told Reuters on Thursday.
In fact, the International Energy Agency (IEA) has said it expects the US to overtake Russia as the world's biggest gas producer by 2015 and to become "all but self-sufficient" in its energy needs by about 2035.
At the Gastech industry conference in October, I asked a panel which included executives from Japanese buyer Tokyo Gas and Qatari producer Rasgas whether it was possible that we would see hub-linked LNG in the near future.
Cenovus Energy ( CVE), a Canadian oil and gas producer, recently reported earnings that showed its profits were down 90% year-over-year for the first quarter.
Russia is the world's biggest producer of natural gas and supplies Europe with more than 40 percent of its imports -- mainly via the pipelines through Ukraine.
The fields have been operated for roughly 12 years by Pluspetrol, the country's biggest oil and natural gas producer, and it will be obliged to clean up the contamination, said Environment Minister Manuel Pulgar-Vidal.
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