Germany’s shale plays could hold trillions of cubic feet of natural gas, according to figures released last week by the Federal Institute for Geosciences and Natural Resources (BGR), a government geosciences authority.
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U.S. Onshore Oil Activity Curtailed in ‘Upcoming Weeks,’ Says Analyst
Monster U.S. oil supply growth will force domestic producers to curtail onshore activity in the upcoming weeks but it won’t be soon enough for 2013 oil prices, which likely will be “uglier than expected,” Raymond James & Associates Inc. analysts said Monday.
Survey: Energy CFOs Expect Global Demand to Increase
For the most part, exploration and production (E&P) company CFOs expect demand for natural gas and oil to increase next year, but they’re looking over their shoulders at international competition and wondering what U.S. lawmakers might do that could make it tougher to earn a buck in the energy patch. These are some of the findings of a survey by consultancy BDO USA LLP released last week.
Stone Energy Falls Short of Analyst Production Targets
Lehman Brothers analyst Jeffrey W. Robertson is pessimistic about Stone Energy being able to meet its 2003 and 2004 gas production targets and has lowered his share price projections on the company.
Stone Energy Falls Short of Analyst Production Targets
Lehman Brothers analyst Jeffrey W. Robertson is pessimistic about Stone Energy being able to meet its 2003 and 2004 gas production targets and has lowered his share price projections on the company.
EOG Ups ’02 U.S. Gas Production Decline Forecast to 7%
Earlier this month, Mark Papa, the CEO of EOG Resources Inc., offered a pessimistic assessment for the decline rate in U.S. natural gas production in 2002 (see NGI, Sept. 9). He said then that production would fall between 5-6% over 2001. Tuesday, EOG lowered its expectations, predicting production will fall 7%.
EOG Ups ’02 U.S. Gas Decline Forecast to 7%
Earlier this month, Mark Papa, the CEO of EOG Resources Inc., offered a pessimistic assessment for the decline rate in U.S. natural gas production in 2002 (see Daily GPI, Sept. 6). He said then that production would fall between 5-6% over 2001. Tuesday, EOG lowered its expectations, predicting production will fall 7%.
Alaska House Passes Bill To Consider State-Owned Gas Line
The Alaska House of Representatives has sent a strong message to gas producers, who so far have been pessimistic about building a privately-owned pipeline system to transport Alaska’s vast natural gas resources to markets in the Lower 48 states: “Build it or we will.” The House passed a bill last Monday sponsored by Rep. Jim Whitaker (R-Fairbanks) to authorize a feasibility study of the state building its own gas line.
Report Pessimistic on Planned Power Plants Being Completed
Less than half of the electric power plants now in development in the United States are likely to be completed, according to an analysis of electricity and natural gas supply and demand by an energy analyst with the Williams Capital Group LP, a New York-based investment bank.
Report Pessimistic on Planned Power Plants
Less than half of the electric power plants now in development in the United States are likely to be completed, according to an analysis of electricity and natural gas supply and demand by an energy analyst with the Williams Capital Group LP, a New York-based investment bank.