Projection

Poland on Wednesday suffered a double dose of bad news regarding its prospective shale plays after Marathon Oil Corp. and Talisman Energy Inc. issued separate statements indicating that they were pulling out of the country.

Morningstar Inc. has revised its marginal cost estimate for U.S. natural gas down to $5.40/Mcf from a prior projection of $6.50, but analysts said they remain bullish about prices over the long term.

Morningstar Inc. on Thursday revised its marginal cost estimate for domestic natural gas down to $5.40/Mcf from a prior projection of $6.50, but analysts said they remain bullish about prices over the long term.

The United States will become the top producer of oil globally within five years, a net exporter of natural gas by 2020 and an oil exporter by close to 2030, all thanks to its massive unconventional resources, the International Energy Agency (IEA) said Monday in its annual flagship publication, the World Energy Outlook (WEO).

Based on the National Oceanic and Atmospheric Administration’s (NOAA) projection for a “near-normal” hurricane season this year, the Energy Information Administration (EIA) said it expects shut-ins of oil and natural gas volumes in the Gulf of Mexico (GOM) to be significantly less than they were last year.

Based on the National Oceanic and Atmospheric Administration’s (NOAA) projection for a “near-normal” hurricane season this year, the Energy Information Administration (EIA) said it expects shut-ins of oil and natural gas volumes in the Gulf of Mexico (GOM) to be significantly less than they were last year.

Despite missing the mark with an earlier bearish projection, analysts at Raymond James & Associates Inc. are sticking to their fretful view of summer gas prices based on the strength of production growth from unconventional basins and “an anticipated uptick in summer LNG [liquefied natural gas] imports.”

Despite missing the mark with an earlier bearish projection, analysts at Raymond James & Associates Inc. are sticking to their fretful view of summer gas prices based on the strength of production growth from unconventional basins and “an anticipated uptick in summer LNG [liquefied natural gas] imports.”

The Energy Information Administration (EIA) in its Short-Term Energy Outlook for February sharply downsized its prior projection for imports of liquefied natural gas (LNG) into the United States during 2008.