Downturn

Oilfield Services Facing Pullback, But Not Like 2008

With oil prices falling and natural gas prices still persistently low, oilfield services companies are facing a potential downturn in the months ahead, but it won’t be like the pullback in late 2008 and early 2009, according to energy analysts.

October 10, 2011

Oilfield Services Facing Pullback, But Not Like 2008

With oil prices falling and natural gas prices still persistently low, oilfield services companies are facing a potential downturn in the months ahead, but it won’t be like the pullback in late 2008 and early 2009, according to energy analysts.

October 6, 2011

U.S. Shale Reshaping Global Gas Market, Says BP

The United States in 2010 continued to lead the world in natural gas production, boosted by massive shale deposits, according to the latest statistical review by BP plc.

June 9, 2011

Prices Fall as Temps Moderate, But Severe Cold to Return

Triple-digit plunges in the Northeast and at some locations in the Midcontinent and West led a price downturn across the board Friday. Moderating temperatures in the short-term forecast for several areas, along with some easing of supply shortfalls in the Southwest and the usual weekend decline of industrial load, contributed to arresting the market’s general blizzard-based strength of the preceding four days.

February 7, 2011

Canada’s Energy Sector on Rebound

Last year Canada’s natural gas and oil producers suffered their weakest performance since 2002, but the downturn prepared the country’s energy sector for a promising future, according to the Canadian Annual Energy Survey, an annual review of the top producers by PricewaterhouseCoopers (PwC).

July 26, 2010

Canada’s Energy Sector Seen Rebounding

Last year Canada’s natural gas and oil producers suffered their weakest performance since 2002, but the downturn prepared the country’s energy sector for a promising future, according to the Canadian Annual Energy Survey, an annual review of the top producers by PricewaterhouseCoopers (PwC).

July 21, 2010

BP Sees Higher Energy Consumption This Year

BP plc CEO Tony Hayward told shareholders last Thursday that in the short term, the global downturn reduced energy demand, but as industrialization picks up this year, energy consumption is sure to follow.

April 19, 2010

BP CEO: Carbon Price Would Create Incentives

BP plc CEO Tony Hayward told shareholders on Thursday that in the short term, the global downturn reduced energy demand, but as industrialization picks up, he thinks energy consumption will begin to grow this year.

April 16, 2010

BP CEO: Carbon Price Would Create Incentives

BP plc CEO Tony Hayward told shareholders on Thursday that in the short term, the global downturn reduced energy demand, but as industrialization picks up, he thinks energy consumption will begin to grow this year.

April 16, 2010

S&P: Gas Utility Growth Slows, Finances Strong

While customer growth has slowed with the economic downturn during the past 18 months, credit and finances for natural gas distribution companies look strong, according to a report by Standard & Poor’s Ratings Services (S&P) released earlier in January. The rating agency expects supportive regulatory decisions and continued access to capital market for the gas utility industry, the report said.

January 25, 2010