Global

Crosspoint Ventures, a global private equity and venture capital firm, said last Thursday it submitted an offer of $190 million to buy one of Canada’s largest oil and gas operations from Anadarko Canada Corp., a subsidiary of Houston-based Anadarko.

Crosspoint Ventures, a global private equity and venture capital firm, said Thursday it has submitted an offer of $190 million to buy one of Canada’s largest oil and gas operations from Anadarko Canada Corp., a subsidiary of Houston-based Anadarko.

With speculation on potential disruptions in global crude supplies driving spot and futures markets, Fitch Ratings last Monday raised its natural gas price deck to $5.75/Mcf this year and to $4.50 in 2005. Fitch also pushed oil higher, to $34/bbl this year and to $27 in 2005.

With speculation on potential disruptions in global crude supplies driving spot and futures markets, Fitch Ratings on Monday raised its natural gas price deck to $5.75/Mcf this year and to $4.50 in 2005. Fitch also pushed oil higher, to $34/bbl this year and to $27 in 2005.

All of the major global liquefied natural gas (LNG) shippers — mostly large oil and gas production companies — are now “more comfortable” with the longer term wholesale natural gas business in the United States and willing to take the risk of downstream prices once added LNG imports begin flowing in 2007-08, according to San Diego-based Sempra Energy CEO Steve Baum, speaking Tuesday at the Deutsche Bank Electric Power Conference in New York City.

All of the major global liquefied natural gas (LNG) shippers — mostly large oil and gas production companies — are now “more comfortable” with the longer term wholesale natural gas business in the United States and willing to take the risk of downstream prices once added LNG imports begin flowing in 2007-08, according to San Diego-based Sempra Energy CEO Steve Baum, speaking Tuesday at the Deutsche Bank Electric Power Conference in New York City.

The Bush administration is “absolutely” committed to kick-starting a two-decade-long effort to create a global hydrogen-based economy that will use fuel cells as a major enabler, according to Energy Secretary Spencer Abraham, speaking Wednesday at the National Hydrogen Association’s 15th annual conference in Los Angeles.

A survey by global accounting firm Grant Thornton of 60 senior executives at mid-sized independent exploration and production (E&P) companies found that on average most expect Henry Hub natural gas prices to increase modestly over the next four years, moving from $4.44/Mcf in 2004 to $4.82 in 2007.

A survey by global accounting firm Grant Thornton of 60 senior executives at mid-sized independent exploration and production (E&P) companies found that on average most expect Henry Hub natural gas prices to increase modestly over the next four years, moving from $4.44/Mcf in 2004 to $4.82 in 2007.