Expectations

Canadian political leaders are refusing to let project delays and shaky markets lower high expectations for rapid development of liquefied natural gas (LNG) exports from shale drilling in northern British Columbia (BC).

Canadian political leaders are refusing to let project delays and shaky markets lower high expectations for rapid development of liquefied natural gas (LNG) exports from shale drilling in northern British Columbia (BC).

Canadian political leaders are refusing to let project delays and shaky markets lower high expectations for rapid development of liquefied natural gas (LNG) exports from unconventional drilling in northern British Columbia (BC).

The impact of unconventional domestic shale gas and tight oil reserves is impacting domestic manufacturing and has upended global competitiveness, according to IHS Inc.

A monumental shift in global oil demand and supply growth — with North America’s surging supplies exceeding earlier expectations — is redefining the industry and should transform international trade over the next five years, the International Energy Agency (IEA) said Friday.

Drawing up a blueprint for regional companies that want to capture the lucrative business opportunities brought on by rampant Marcellus Shale oil and natural gas development in Pennsylvania, University of Pittsburgh researchers this month released a Pitt Business Working Paper titled “Understanding the Marcellus Shale Supply Chain.”

Construction approval was awarded last Thursday to a Canadian ethane import pipeline project rooted in expectations that Alberta natural gas supplies will continue to deteriorate.

Expectations for improved results in California and in its shale plays, along with tightening of its finances, caused Standard & Poor’s Ratings Services (S&P) to increase its ratings and outlook on Houston-based midsize exploration and production (E&P) company, Plains Exploration & Production Co. (PXP), the rating agency announced earlier in November.

Lifted by high commodity prices and refinery margins, Chevron Corp. topped Wall Street expectations in the third quarter, reporting Friday that profits nearly doubled from a year earlier to $7.8 billion ($3.92/share) from $3.8 billion ($1.87). A consensus forecast by analysts had expected earnings to average $3.48/share in the latest period.