The Energy Information Administration (EIA) forecasts that increasing consumption in 2012, led by strong growth in the electric power sector, should contribute to higher prices and to an economic incentive for producers to resume drilling.
Continue reading "Rising Gas Prices to Follow Japan Disaster"
Monday, March 14, 2011
Reuters reported that Chevron (NYSE:CVX) is putting significant investment into two Australian natural gas projects.
Continue reading "Chevron Eyes Aussie Gas, Tightens Refinery Squeeze"
Thursday, November 11, 2010
As China demonstrates its political clout at the G20 summit in Seoul, the country continues to make headlines in economic and energy news as the China National Petroleum Company (CNPC) has made an agreement with Shell to develop oil sands. CNPC, the parent of PetroChina, reported that its president, Jiang Jiemin and Royal Dutch Shell Plc (NYSE:RDS.B)CEO Peter Voser signed a memorandum of agreement in Beijing on "integrated co-operation" of oil and gas projects in Canada and coal bed methane development in China.
Continue reading "China and Shell to Explore Canadian Oil Sands"
Thursday, August 26, 2010
Shell may spend $50 billion in Australia over the next decade as Europe’s largest oil company continues a shift to gas.
Continue reading "Australian Investment in Gas Projects"
Thursday, October 8, 2009
Even as investors are mulling mixed signals over crude supply numbers from the Energy Information Administration, there are clear indications that the Gulf state leaders have no plans to stop pricing oil in dollars. The rumour had traders hitting the panic button.
Continue reading "Advantage: Crude"
Thursday, August 20, 2009
A 50 billion Australian dollar $41 billion deal for China to purchase Australian natural gas shows current diplomatic tensions between the two countries will not trump their commercial interests. For full story, click here
Continue reading "Australia, China Inked $41 bln Natural Gas Deal"
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Monday, March 21, 2011