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Marathon Oil has agreed to acquire Paloma Partners II LLC for US$ 750 million in cash as the company is expanding its activities in the Eagle Ford Shale where Paloma holds significant acreage.

An independent assessment of Original Gas-in-Place for Dart EnergyÂ鶹´«Ã½Ó³»­™s shale portfolio has estimated it at a top level of 143 trillion ft3, with a best estimate of 76 trillion ft3.

GL Noble Denton, National Grid and ALH Systems Ltd have, in partnership, won the Utilities category at the 2012 Pipeline Industries Guild Awards.

As energy supplies around the globe look less reliable, Russia is seizing the opportunities to strengthen its position as a major oil and gas exporter. Dr Hooman Peimani reports.

Shell has reported that it has uncovered two further onshore oil pipeline leaks in NigeriaÂ鶹´«Ã½Ó³»­™s Delta, soon after the company declared force majeure on crude exports due to theft-related outages.

KBR has won the contract for the construction of a 200 million standard ft3/d sweet natural gas processing plant near Fort St. John, British Columbia, Canada.

The EIC predicts that Iraq should see huge levels of investment over the next five years as the security situation improves.

Sumitomo Corporation and Tokyo Gas Co., Ltd. have started negotiation with Dominion to conclude a final terminal service (TSA) agreement with Dominion to export shale derived LNG from the Cove Point LNG terminal.

India reports great progress in TAPI natural gas pipeline project, which has seen participating countries debating over transit prices and volume.

The Sierra Club, a leading environmentalist group in North America, has filed a formal protest with the US DOE about Cameron LNGÂ鶹´«Ã½Ó³»­™s proposals to export LNG from its Lake Charles facility. The group has previously opposed four other LNG export plants.

COOEC has awarded Technip a pipeline installation contract for the Liwan 3-1 shallow water project, located in the Pearl River Mouth Basin, China Sea, 300 km South of Hong Kong, China.

Egypt has terminated itÂ鶹´«Ã½Ó³»­™s gas supply contract with Israel, EMG has called the attempt unlawful and is seeking arbitration.

The latest EIC Monitor quarterly report tracking new project announcements shows that the global energy industry has seen encouraging signs of growth in the first quarter of 2012.

Red Leaf and Total have formed a joint venture to test the viability of a new oil shale exploration technology in Utah.

Experts have claimed that the UKÂ鶹´«Ã½Ó³»­™s offshore shale reserves could exceed 1000 trillion cubic ft Â鶹´«Ã½Ó³»­“ five times onshore estimates.