Emergence

The emergence of Tropical Storm Debby in the Gulf of Mexico (GOM) over the weekend, the unusually early start of the 2012 Atlantic hurricane season and an increase in North Atlantic water temperatures have prompted Weather Services International (WSI) to increase the number of tropical storms in its forecast for this year.

July natural gas posted a double-digit gain as traders factored in a warmer temperature forecast and the emergence of tropical activity in the central Caribbean. At the end of the day July rose 12.0 cents to $4.827 and August gained 11.8 cents to $4.857. July crude oil tumbled $1.21 to $99.01/bbl.

The emergence of gas shale plays has been a game-changer for the industry and the outlook for gas supply. The scale of the shales is so great that it threatens the survival of the “individual wildcatter,” who with only a half-dozen employees drilling a few dozen wells a year will find it difficult to compete, Chesapeake Energy Corp. CEO Aubrey K. McClendon said last Thursday.

The emergence of gas shale plays has been a game-changer for the industry and the outlook for gas supply. The scale of the shales is so great that it threatens the survival of the “individual wildcatter,” who with only a half-dozen employees drilling a few dozen wells a year will find it difficult to compete, Chesapeake Energy Corp. CEO Aubrey K. McClendon said Thursday.

The price of Canadian oil and natural gas reached new highs only to fall dramatically in the latter half of 2008 due to the emergence of unconventional resource plays in the United States. This created a supply glut, which added to the economic slowdown and reduced demand, according to Canadian Energy Overview 2008 by the country’s National Energy Board (NEB).

The price of Canadian oil and natural gas reached new highs only to fall dramatically in the latter half of 2008 due to the emergence of unconventional resource plays in the United States. This created a supply glut, which added to the economic slowdown and reduced demand, according to Canadian Energy Overview 2008 by the country’s National Energy Board (NEB).

Independent electric generation developer/operator, Calpine Corp.’s emergence from Chapter 11 bankruptcy Jan. 31 begins a new chapter in the company’s multi-billion-dollar bet on the gold rush-like attraction of natural gas-fired electric generation the past 20 years. With a 24,000 MW portfolio of relatively new power plants, Calpine’s bet on gas will be tested going forward.

Three years after its emergence from Chapter 11 bankruptcy protection and a historic settlement with state regulators, Pacific Gas and Electric Co. operates in full transformation mode, with a new, diverse senior management team that is motivated to aggressively go after growth opportunities tied to the core utility business, CEO Peter Darbee told Wall Street analysts in New York City Wednesday. Darbee and his fellow senior executives at PG&E Corp. gave an annual update to the financial community.

For decades the Asia-Pacific region has accounted for almost 70% of the world’s liquefied natural gas (LNG) imports, but the emergence of a plethora of projects in North America and Europe may lead to more price parity, according to an ExxonMobil Corp. executive.