The U.S. energy sector is “at the cusp” of a structural shift, boosted by abundant shale gas and liquids, developing scarcity in domestic coal and the never-ending quest for oil, FBR Capital analysts said in a new report.
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Rendell: Marcellus Severance Tax ‘Clearly Is Dead’
Pennsylvania Gov. Ed Rendell on Thursday said the promised natural gas severance tax for Marcellus Shale production “clearly is dead,” blaming the General Assembly’s GOP members for refusing to “negotiate in good faith.”
Outlook: Is 2010 the Year for Climate Change/Energy Legislation?
Despite some optimistic talk in early 2009, Capital Hill lawmakers were never able to bring energy and climate change legislation to a final vote, and the bill — or bills — may not make it to the finish line again this year.
Outlook: Is 2010 the Year for Climate Change/Energy Legislation?
Despite some optimistic talk in early 2009, Capital Hill lawmakers were never able to bring energy and climate change legislation to a final vote, and the bill — or bills — may not make it to the finish line again this year.
Consultant: LNG Could be Western Canada’s Lifeboat
It’s a long way off, and some think it will never get built, but a gas pipeline from Alaska’s North Slope to serve Lower 48 markets via Canada would be a mixed blessing to the Canadian market, a Calgary-based consultant said last week, noting Canada’s gas industry needs to prepare now to preserve the value of its product.
Consultant: Western Canada Needs LNG Lifeboat
It’s a long way off, and some think it will never get built, but a gas pipeline from Alaska’s North Slope to serve Lower 48 markets via Canada would be a mixed blessing to the Canadian market, a Calgary-based consultant said, noting Canada’s gas industry needs to prepare now to preserve the value of its product.
More Discouraging Words for U.S. Gas Drillers
The natural gas industry has faced tight credit markets before and lived with low prices, but never so forcefully at the same time. As a result, the outlook for drilling in the coming year is dicey at best, and the pullback in rigs will accelerate through 2009, Barclays Capital analysts noted in a report.
More Discouraging Words for U.S. Gas Drillers
The natural gas industry has faced tight credit markets before and lived with low prices, but never so forcefully at the same time. As a result, the outlook for drilling in the coming year is dicey at best, and the pullback in rigs will accelerate through 2009, Barclays Capital analysts noted in a report.
Canadian, U.S. Undersea Line Bilateral Approval Sets Precedent
There has never been a private-sector international electric transmission line project to win bilateral approvals from both countries involved, so Vancouver, BC-based Sea Breeze Power Corp.’s senior executives last Thursday were touting their long-standing project as history-making. With a first-ever U.S. Department of Energy (DOE)-granted presidential permit, the undersea, high-voltage direct-current (HVDC) transmission line now has approvals from both the U.S. and Canadian authorities.
Raymond James: Technology Taking Over Oilpatch
The oilpatch has gone high tech and demand for new and better products has never been higher, Raymond James & Associates Inc. analysts said last week.