Support for Gas Industry Gaining Momentum
Legislation set to be tabled in the US Congress this week should provide a boost to the natural gas industry if it passes as expected.
Articles Tagged "gas prices"
Rising Gas Prices to Follow Japan Disaster
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.
Retail Gas Prices Rise
LA Times Blog reports that retail gasoline prices continued to rise in California and around the rest of the U.S.
Gas Price Trends
In recent history, gas prices have generally followed a relatively seasonal pattern with prices rising during the summer driving season and falling after Labor Day. However, 2010 has seen a reversal in this pattern; the national average price has risen by 30 cents per gallon since Labor Day, the largest increase over that period since the 1990 inception of Energy Information Agency (EIA) weekly published retail gasoline price data. The current average price range in the US for the third week of December of approximately $2.98 per gallon is the second highest on record, eclipsed only by the 2007 average price reaching $3.00 per gallon.
Recent rally in pump prices may have peaked
Washingtonpost reports that gas prices are certain to be the highest in three years.
Hemisphere Energy Corporation Closes Private Placement Over One Million Dollars
Hemisphere Energy Corporation (CVE:HME) reports that it has closed its private placement announced July 7, 2010. The private placement consisted of five million and ten thousand units at a price of 20 cents per unit, for proceeds of $1,002,000. For complete news release, click here. For Hemisphere Energy’s company website, click here.
Alberta Gas Fields on Sale
Suncor Energy Inc, Canada's largest energy company, has just announced that it has agreed to a transaction with Direct Energy to sell natural gas assets for about $358.5 million. The deal comes as part of Suncor’s strategic business alignment and ongoing plans to divest of a number of non-core assets totaling $2.8 billion.
American Petro-Hunter Announces July Oil Production of 1,280 Barrels at Postons Project
American Petro-Hunter, Inc. (OTC:AAPH) reports the July oil production from the #1 and #3 Lutters wells at the Postons project, Trego County, Kansas. Management and engineers believe that oil production rates from the Postons project will reach the 100 BPD range once the #3 Lutters well reaches stable production. American Petro-Hunter’s President, Robert McIntosh says: “With the price of oil [...]
India Looking to Secure Gas Supplies
The latest developments underscore a general theme from the subcontinent as it has been looking at other areas to acquire oil and gas assets overseas to meet its growing energy demand. As Asia’s third-largest oil consumer, India has been aggressively scouting for overseas gas and oil assets to meet its supply deficit and is competing with China for fields from Africa to Venezuela.
Natural Gas Producer Looking for Joint Venture Partnerships
Encana, Canada's largest natural gas producer is seeking project partnerships that could facilitate the development of unconventional gas fields, with expectations to double its production of natural gas over the next five years.
