Although it recently dropped out of a Western Canada gas-to-liquids (GTL) project with Sasol Canada (see Shale Daily, June 29), Talisman Energy Inc. still foresees monetizing its Montney Shale reserves through “some form of conversion process,” CEO John Manzoni told financial analysts during an earnings conference call. Manzoni said the Montney resource is “big enough, it’s strategic enough, it’s material enough to be in some form of conversion process, which naturally now is more likely to be LNG [liquefied natural gas] then GTL, if that’s the case.” Multiple projects have been proposed to liquefy western Canadian gas and ship it to overseas markets (see Shale Daily, July 31). Manzoni alluded to the LNG projects and said, “…in the context of all of that, we are considering all options and continue to do so…for our Montney resource, how best to create the maximum value for Talisman at the right time for our Montney resource, which is very big and very strategic.”
Foresees
Articles from Foresees
Shale Seen as Western Canada’s New Gas Frontier
Western Canadian natural gas production is relocating, not dying, the nation’s top pipeline company has told the National Energy Board (NEB).
Forecasters See More Hurricanes, Warm Start to Winter
WSI Corp. last week said it foresees a total of 16 named storms, including nine hurricanes, four of them intense (Category Three or greater) in the 2008 season, an increase of one named storm from its previous forecast and significantly more storms than the 1950-2007 average of 9.7 named storms, 5.9 hurricanes and 2.3 intense hurricanes. The Colorado State University (CSU) hurricane team said it expects above-average hurricane activity this month, including the formation of one intense hurricane.
WSI Sees More Hurricanes on the Horizon
WSI Corp. foresees a total of 16 named storms, including nine hurricanes, four of them intense (Category Three or greater) in the 2008 season, an increase of one named storm from its previous forecast and significantly more storms than the 1950-2007 average of 9.7 named storms, 5.9 hurricanes and 2.3 intense hurricanes.
Mexico Power Development Would Bank on West Coast LNG Terminal
The Comision Federal de Electricidad (CFE), Mexico’s state power company, foresees the need for nearly 28,800 MW in new power generation capacity over the next 10 years, and between 12,000 and 15,000 MW of that is expected to be gas-fired combined cycle plant. Similar to its neighbor to the North, Mexico plans to rely on liquefied natural gas (LNG) from abroad to fuel at least some of that capacity.
Mexico Tapping Global LNG to Fuel Power Needs
The Comision Federal de Electricidad (CFE), Mexico’s state power company, foresees the need for nearly 28,800 MW in new power generation capacity over the next 10 years, and between 12,000 and 15,000 MW of that is expected to be gas-fired combined cycle plant. Similar to its neighbor to the North, Mexico plans to rely on liquefied natural gas (LNG) from abroad to fuel at least some of that capacity.
EIA Sees Slowdown in LNG Volumes Being Imported into U.S.
The Energy Information Administration (EIA) said Tuesday it foresees slower growth for imports of liquefied natural gas (LNG) in the U.S., gradually declining wellhead gas prices, lower than expected consumption and production, and the long-awaited construction and in-service date of a long-line gas transportation system from Alaska’s North Slope over the next two decades.
NGI The Weekly Gas Market Report
PG&E Has Sights on Being Industry Leader
During a conference call last week, PG&E CEO Peter Darbee said the company foresees a day when it may once again be one of the energy industry’s leading companies. However, he could not put a timetable on when it might consider acquiring other operations.
Soothsayer Foresees Holy War Over Energy Crisis
Every spare molecule of gas, drop of oil and electron is being used up and the world faces a “meltdown” of its economy unless more supplies are found, a leading energy pundit warned a capacity crowd last week at the Offshore Technology Conference in Houston.
Soothsayer Foresees Holy War Over Energy Crisis
Every spare molecule of gas, drop of oil and electron is being used up and the world faces a “meltdown” of its economy unless more supplies are found, a leading energy pundit warned a capacity crowd Monday at the Offshore Technology Conference in Houston.
