Bodes

An exploratory well drilled in Alaska’s Beaufort Sea bodes well for more aggressive exploration in the Arctic waters in 2013, according to a Royal Dutch Shell plc executive.

Longer term electricity demand should grow again at an average of up to 3% annually, and that bodes well for growth in the use of natural gas in the electric generation sector, ICF International energy consultant Kevin Petak told a GasMart 2010 audience in Chicago last Tuesday. Coal will lose ground while natural gas looks to be a big part of the growth in the generation sector over the next 20 years.

Longer term electricity demand should grow again at an average of up to 3% annually, and that bodes well for growth in the use of natural gas in the electric generation sector, ICF International energy consultant Kevin Petak told a GasMart 2010 audience in Chicago Tuesday. Coal will lose ground while natural gas looks to be a big part of the growth in the generation sector over the next 20 years.

The number of U.S. land drilling rigs and their utilization rate are at their highest levels in decades, and that bodes well for the oilfield services sector, says Raymond James.

A deal signed late Monday by 14 centrist senators to avert a showdown over judicial nominees “bodes positively” for the chances for energy legislation in the Senate next month, said energy analyst Christine Tezak. She believes the outlook for energy legislation in Congress this year would be particularly good if the cooperative spirit continues.