Optimism

Baker Sees ‘Modest’ Rise in U.S. Rig Count; Schlumberger Uncertain

Baker Hughes Inc. on Friday reported a 30% drop in first quarter profits, stung by weak North American drilling, but there is more optimism about the U.S. onshore rig count through the rest of the year, the management team said Friday. Schlumberger Ltd. also reported a drop in quarterly profits on declines in North America, and executives said the outlook this year for the United States and Canada remains uncertain.

April 22, 2013

Baker Raises U.S. Rig Forecast; Schlumberger Uncertain

Baker Hughes Inc. on Friday reported a 30% drop in first quarter profits, stung by weak North American drilling, but there is more optimism about the U.S. onshore rig count through the rest of the year, management said Friday. Schlumberger Ltd. also reported a drop in quarterly profits on declines in North America, and executives said the outlook this year for the United States and Canada remains uncertain.

April 22, 2013
U.S. NatGas Rig Count Won’t Top 450 This Year, Says Analyst

U.S. NatGas Rig Count Won’t Top 450 This Year, Says Analyst

The recent surge in natural gas prices may have provoked some optimism in the energy sector, but it’s not enough to encourage more drilling, according to Barclays Capital, which expects the rig count to not surpass 450 this year.

April 1, 2013

Summer Gas for Power Up as California Nuke Stays Shut

Quelling previous optimism for at least a partial return of its idled nuclear generating plant this summer, Southern California Edison Co. (SCE) officials Thursday said the San Onofre Nuclear Generating Station (Songs), which has been shut down since January for repairs of flawed tubing, will not resume operations this summer. As a result, more natural gas-fired generation from old coastal plants and other measures will take up the slack.

June 11, 2012

Shales Drive First U.S. Gulf Coast LNG Export Deal

A contract signed last week for the liquefaction and export of domestically produced natural gas lends further credibility to the shale gas optimism that has swept the energy industry in recent years, and it could quiet skeptics who think the United States isn’t poised to become an exporter of gas to global markets.

October 31, 2011

First Deal Struck to Liquefy, Export Shale Gas

A newly signed contract for the liquefaction and export of domestically produced natural gas lends further credibility to the shale gas optimism that has swept the energy industry in recent years.

October 27, 2011

PG&E Optimistic on Rate Case Settlement Friday

Although there was similar optimism two weeks earlier, Pacific Gas and Electric Co. (PG&E) signaled Thursday it expects a settlement on “nearly all issues” to be reached Friday in its billion-dollar general rate case. It is perhaps further verification that settlement talks are progressing positively.

October 12, 2010

Noble Pays Nearly $500M for Suncor’s Eastern Colorado Assets

In a sign of renewed optimism in U.S. drilling, Houston-based Noble Energy Inc. last week agreed to pay $494 million to buy nearly all of the natural gas and oil reserves in eastern Colorado held by the U.S. arm of Canada’s Suncor Energy Inc.

January 11, 2010

Survey: North American E&P Spending to Rise in 2010

Optimism among North American natural gas and oil producers appears to be rising, with capital expenditures (capex) expected to jump overall by 12% in 2010 to $79 billion, Barclays Capital analysts said in their year-end 2009 survey. The biggest growth will come from an uptick in gas shale drilling.

December 21, 2009

North American E&P Spending Seen Higher in 2010

Optimism among North American natural gas and oil producers appears to be rising, with capital expenditures (capex) expected to jump overall by 12% in 2010 to $79 billion, Barclays Capital analysts said in their year-end 2009 survey. The biggest growth will come from an uptick in gas shale drilling.

December 21, 2009
‹ Previous 1 2 3 4