Oil and energy companies said that there will be an overage of gas supplies until 2014. There was a decrease in demand for gas due to the financial and economic crisis in 2008 so gas prices have collapsed.
Jean-Jacques Mosconi, head of strategy for Total SA (TOTF.PA) is quoted saying:
“Gas faces a bubble — especially in [...]
The oil spill liability could extend well beyond British Petroleum as Transocean Ltd., Halliburton Co. and Cameron International Corp. all had some exposure to this series of current events.
JX Holdings Inc (5020.T), Japanese oil and mining giant, confirms its interest in 500-billion yen ($5,37-billion) worth of exploration and development of copper mines and oil fields in the next three fiscal years.
The article is quoted saying:
JX Holdings, through Nippon Oil and Nippon Mining, has stakes in several mines and oil and gas fields across [...]
Russian President Dmitry Medvedev has confirmed Russia’s great interest in the oil and gas projects in Syria.
Russian Deputy Foreign Minister Alexander Sultanov told the official Syrian Arab News Agency, “A main trend in the economic cooperation is currently reflected in the oil and gas projects, including transportation of energy resources, electric power, water and irrigation [...]
Artek Exploration Ltd. (TSX VENTURE:RTK) of Calgary, Alberta filed its Annual Information Form, which includes Artek's reserve data and other oil and gas information for the year ended December 31, 2009 as mandated by National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators.
Canada’s energy players don’t quite seem to get it. At least, not yet. There is much hand-wringing going on about the depressed state of natural gas prices but nothing is being done.
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By Duncan Sutherland – Exclusive to Gas Investing News
Market news
What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches.
Barring a major depression of the sort where people make shoelace soup, winter means more demand for natural gas. So, [...]
By Duncan Sutherland – Exclusive to Gas Investing News
Market news
The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices.
Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it has had a [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News
Market news
The short to medium term outlook for oil sands and heavy oil projects remains negative. As the barrel price for light sweet crude remains (relatively) low, new investments in oil sands projects are unlikely to be forthcoming. The combination of low prices and tight credit [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News
Canada:
Upgrader is going up later than usual this week because of the Canadian Federal Election and the American Presidential debate. Now that these two events are a matter of record, there is much good news for the heavy oil and oil sands industries.
First, the Canadian [...]
Wednesday, May 26, 2010