Finds

Canada’s National Energy Board (NEB) said Thursday that natural gas requirements for the country’s expanding oilsands industry will grow substantially from the 0.6 Bcf/d recorded in 2003 to a range of 1.4-1.6 Bcf/d by 2015. However, rising gas prices are forcing producers to find alternatives to reduce their dependence on gas as the major source of energy and hydrogen for their operations, the report said.

Canadian producers are more optimistic than ever before about the future course of natural gas prices, according to an annual survey of the sector by Deloitte & Touche. While braced for oil to take a tumble, the Canadians expect gas to have a comparatively soft landing when energy commodity markets dive from their current peaks if the conflicts in the Middle East cool off enough to take out the fear factor.

Canadian oil and natural gas industry CEOs and CFOs are more bullish on commodity returns than anytime in the past five years, according to the 2004 Deloitte Canadian Oil and Gas Outlook survey released on Monday. Respondents expect positive double-digit returns for publicly listed companies.

A four-month review by ISO New England’s market monitoring department found no evidence of anti-competitive behavior among power generators during mid-January’s bitterly cold weather in the region, and determined that requests for outages for economic reasons were within established market rules and ultimately had no impact on reliability or real-time prices during the period.

The challenges faced by the North American natural gas industry, that include where will needed supplies come from and at what cost, will continue into the next decade, according to a report issued Friday by Wood Mackenzie.

The challenges faced by the North American natural gas industry, that include where will needed supplies come from and at what cost, will continue into the next decade, according to a report issued Friday by Wood Mackenzie.

Certain employees of El Paso Corp. used “unsupportable methods” over a four-year period, which resulted in a 41% overbooking of oil and natural gas reserves, according to an independent review released on Monday. No current or former employees were named in a statement by the company.

A new National Energy Board (NEB) report found a “very close linkage and consistency” in gas prices between domestic markets in the Canadian Maritimes provinces and export markets in the United States.

A new National Energy Board (NEB) report found a “very close linkage and consistency” in gas prices between domestic markets in the Canadian Maritimes provinces and export markets in the United States.