Cusp

Pressure pumping services in North American unconventional basins appear to be on the cusp of oversupply, Schlumberger Ltd. executives said Friday.

Pressure pumping services in North American unconventional basins appear to be on the cusp of oversupply, Schlumberger Ltd. executives said Friday.

The U.S. energy sector is “at the cusp” of a structural shift, boosted by abundant shale gas and liquids, developing scarcity in domestic coal and the never-ending quest for oil, FBR Capital analysts said in a report.

The U.S. energy sector is “at the cusp” of a structural shift, boosted by abundant shale gas and liquids, developing scarcity in domestic coal and the never-ending quest for oil, FBR Capital analysts said in a new report.

Canada’s energy industry is on the cusp of a potentially lucrative future, but “massive” investments in new energy supply, pipelines, electricity transmission infrastructure and renewable technologies are needed to overcome looming challenges, The Conference Board of Canada reported last week.

Canada’s energy industry is on the cusp of a potentially lucrative future, but “massive” investments in new energy supply, pipelines, electricity transmission infrastructure and renewable technologies are needed to overcome looming challenges, The Conference Board of Canada reported on Monday.

The global liquefied natural gas (LNG) business is continuing to grow and is on the cusp of significant changes. Driven by North American demand, the Atlantic basin is poised to balloon to equal the Pacific in volumes traded. While there seems to be no shortage of regasification capacity, at least in North America, liquefaction capacity runs much tighter, and regas project backers that don’t have supply lined up are being forced to wait. It’s a seller’s market. Contracting terms are becoming more flexible, often including provisions for cargo diversion, and the spot market is growing but is not expected to ever rival the amount of LNG that moves under firm contract.

Charles Fox, deputy chief of staff for New York Gov. George Pataki, on Thursday disclosed that the state will soon issue regulations detailing the framework on how to site liquefied natural gas (LNG) facilities in the Empire State.

The energy industry is on the cusp of a series of mega-mergersfollowing last week’s announcement of an historic combination ofExxon and Mobil, according to many observers. Driving theconsolidation, they say, is extremely low commodity prices. Thatreasoning was reinforced last week when gas prices plummeted tohistoric lows for December (see related story this issue).