Contrast

Offshore activity continues to grow as development begins on a slate of recent discoveries, a sharp contrast to onshore operators, whose “attitude was rather somber,” according to analysts with Raymond James & Associates Inc., who shared their takeaways from last week’s Offshore Technology Conference (OTC) in Houston.

Faced with pricing uncertainty, anticipated decrease in U.S. demand and a shifting regulatory landscape, Canadian gas companies will need to look beyond the United States if they are to retain market share and remain competitive, according to Ernst & Young.

The persistently sharp contrast between expensive oil and cheap gas has had dramatic effects on Western Canadian drilling, boosting activity and accelerating a trend to targeting oil rather than gas.

Huge spikes that often well exceeded a dollar at Northeast citygates were in sharp contrast to falling prices elsewhere Thursday. Although lows would continue to be around freezing or below at many locations Friday, including some in the South, a continuing moderation of overall heating load from previous levels combined with Wednesday’s retreat of 21.6 cents by January futures to generate losses at most points.

The House Financial Services Committee last Thursday approved by a wide margin a measure that calls for sweeping overhaul of the $500 trillion-plus over-the-counter (OTC) derivatives market.

Sitting in stark contrast to recent studies claiming a precipitous drop in Powder River Basin sage grouse populations, an environmental consultant hired by the energy industry to review the data found that the birds’ numbers are in fact on the rise, “even in heavily developed areas.”

Sitting in stark contrast to recent studies claiming a precipitous drop in Powder River Basin sage grouse populations, an environmental consultant hired by the energy industry to review the data found that the birds’ numbers are in fact on the rise, “even in heavily developed areas.”

Standing in contrast to most of the other forecasts out there, the UK-based Meteorological Office (Met Office) said it expects the 2007 Atlantic tropical storm season to bring “below normal” activity relative to the last 15 years. In its tropical storm forecast (July-to-November), Met assigned a 70% chance that the number of tropical storms will be in the range of seven to 13. The 15-year average is 12.4 storms for the period.

Standing in contrast to most of the other forecasts out there, the UK-based Meteorological Office (Met Office) said it expects the 2007 Atlantic tropical storm season to bring “below normal” activity relative to the last 15 years. In its tropical storm forecast (July-to-November), Met assigned a 70% chance that the number of tropical storms will be in the range of seven to 13. The 15-year average is 12.4 storms for the period.