Losses

Canadian Finance Minister Offers to Cover Trans Mountain Delay Losses

Canadian Finance Minister Offers to Cover Trans Mountain Delay Losses

Canadian Finance Minister Bill Morneau on Wednesday announced an offer to cover any losses suffered by Kinder Morgan Canada due to political resistance against its Trans Mountain Pipeline expansion project across British Columbia.

May 16, 2018
Canada NatGas Suppliers in ‘Survival Mode’ as Lower 48 Shale Competes for Profits

Canada NatGas Suppliers in ‘Survival Mode’ as Lower 48 Shale Competes for Profits

Canadian natural gas producers will cut but not eliminate financial losses until late 2018 as stiff competition continues from U.S. unconventional supply sources, a private Ottawa-based business research agency predicted Monday.

March 22, 2017

Washington State Regulators Want NatGas Utilities to Update Hedging

Regulators in the state of Washington on Monday launched a process for revising the approach of the state’s natural gas utilities toward hedging their future gas supply purchases.

March 14, 2017

Nabors in Lockstep with Peers on Less Drilling, Fewer Rigs in North America

Nabors Industries Inc., which owns and operates the world’s largest land-based drilling rig fleet, said Wednesday the story that has been playing out for contract oilfield service operators remains the same, as activity in North America is forecast to continue to slide this year.

February 17, 2016

Global Oil, Gas Industry Job Losses Top 233,000 and Climbing, Says Energy Recruiting Firm

Oil and gas industry losses worldwide now exceed 233,000 and are expected to continue into 2016, according to energy sector job recruiter Swift Worldwide Resources.

November 19, 2015

Utility Gas Hedging Programs Under More Scrutiny

In the midst of mostly stable U.S. natural gas prices and a steady boom in domestic supplies, utility gas hedging programs have come under increasing scrutiny, with regulators and consumer advocates questioning the overall costs of hedging in recent years.

August 20, 2013

Chesapeake Readies New Strategy with Growing Output

Chesapeake Energy Corp., with a new CEO leading the way, is beginning a new era for the company as well, moving away from spending to secure big leaseholds in the onshore to living within its cash flow.

August 2, 2013
Marcellus Volumes, Capacity Prove Challenging, Says MarkWest CEO

Marcellus Volumes, Capacity Prove Challenging, Says MarkWest CEO

Building midstream infrastructure in the Marcellus Shale to keep up with growing natural gas volumes was a challenge in the first quarter, MarkWest Energy Partners LP CEO Frank Semple said Thursday.

May 13, 2013

Forest’s Texas Three-Step Leans Toward Eagle Ford

Forest Oil Corp. continues to step up its activity in the Eagle Ford Shale of South Texas with the aid of a recently struck joint venture while it expands activity in the Texas Panhandle. East Texas results remain consistent and predictable, and the company is developing a new oil project in the area, said CEO Patrick R. McDonald.

May 9, 2013

Rockies, Plains Lead Broad Advance; Futures Post New High Before Slipping

Natural gas cash prices overall surged 17 cents on average Monday led by mega-gains extending from the Rockies to Chicago. Without losses posted at a handful of Northeast points, the average gain becomes 21 cents.

April 9, 2013
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