BP plc has launched a strategic plan to help fund Gulf of Mexico (GOM) recovery efforts, which includes a $7.5 billion reduction in dividends and $10 billion worth of asset sales. However, don’t expect BP to sell any of its properties — or its shareholders — short, energy analysts said last week.
Recovery
Articles from Recovery
Analysts Look to Second Half for Price Strength
Looking ahead to the second half of next year, analysts at Bank of America Merrill Lynch see the potential for some gas price recovery. However, the cash market will remain weak for the near term and volatility will be high, they wrote in a recent research note.
December 21, 2009
Analysts See Stronger Prices in Second Half of 2010
Looking ahead to the second half of next year, analysts at Bank of America Merrill Lynch see the potential for some gas price recovery. However, the cash market will remain weak for the near term and volatility will be high, they wrote in a recent research note.
December 15, 2009
Columbia Ohio Files Lowest Winter Month Rate in Recent Years
Columbia Gas of Ohio Friday filed its gas cost recovery (GCR) adjustment for December with the Public Utilities Commission of Ohio (PUCO), registering a more than 50% drop from December of last year. The GCR of 49 cents/100 cubic feet (1 Ccf) of gas will be 70 cents, or 59%, lower than December 2008 when it was $1.19/Ccf.
November 16, 2009
Recovery Will Be Slow, Say Utility CEOs
The economy’s recovery won’t be quick, but the beginning could be close at hand, according to two Midwestern gas and power utility executives.
September 24, 2009
Industry Brief
A Federal Energy Regulatory Commission conference, scheduled for Dec. 2, will focus on waste heat recovery efforts and other efficiency measures in the natural gas industry. It will run from 9 a.m. to noon. A free webcast of the event will be available on www.ferc.gov.
September 23, 2009
NatGas, Electric Vehicles on Fast Track with DOE Funding
The Department of Energy (DOE) will provide nearly $300 million from the American Recovery and Reinvestment Act for 25 projects aimed at the development of alternative fuel vehicles, with a significant portion of the funding going towards compressed natural gas (CNG) and liquefied natural gas (LNG) projects, Secretary of Energy Steven Chu said Wednesday.
August 31, 2009
Moody’s: ‘Slow, Painful’ Recovery for Global Integrated Producers
The global integrated oil and natural gas industry will suffer through a “slow and painful” economic recovery in 2010, with worldwide demand lower at a time when inventories are near record highs, Moody’s Investors Service reported Thursday.
July 6, 2009
Global Offshore Spending Seen Up 32% in Next Five Years
Global offshore energy spending will rise by almost one-third between now and 2013 versus 2004-2008, despite cuts in capital spending budgets, according to an analysis by Douglas-Westwood.
April 20, 2009
Global Offshore Spending Seen Up 32% in Next Five Years
Global offshore energy spending will rise by almost one-third between now and 2013 versus 2004-2008, despite cuts in capital spending budgets, according to an analysis by Douglas-Westwood.
April 17, 2009
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