Wintry weather boosted natural gas consumption and has lifted prices, but the trajectory of U.S. supplies largely has remained unchanged, and that means gas prices may “hunt” this year for the right level of gas-to-coal displacement to keep the market balanced, according to an analysis by Barclays Capital.
Articles from Hunt
The largest supercomputing complex for commercial research in the world, designed to provide a technological cutting edge in the global hunt for oil and natural gas, is under construction in Houston and will open by the middle of next year, officials with BP plc said Thursday.
Enbridge Inc. unit Enbridge Rail (Philadelphia) LLC and Canopy Prospecting Inc. have formed the Eddystone Rail Co. to develop a unit-train facility and related pipeline infrastructure near Philadelphia, PA, to deliver Bakken and other light sweet crude oil to Philadelphia area refineries.
Santos turned on Australia’s first commercial shale gas production last Friday at the company’s Moomba-191 well in the Cooper Basin.
The first four in a series of 10 short films on energy from the director and producer of “Haynesville: A Nation’s Hunt for an Energy Future” (see Shale Daily, Nov. 23, 2010) debuted at the Aspen Ideas Festival in Colorado this week.