An upheaval in investment and operational strategies is roiling the energy industry, in large part because of unconventional natural gas and oil resources, and it’s not all about supply and demand, ConocoPhillips CEO Ryan Lance said last week.
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ConocoPhillips CEO: ‘Give Credit Where Due’ to Industry
An upheaval in investment and operational strategies is roiling the energy industry, in large part because of unconventional natural gas and oil resources, and it’s not all about supply and demand, ConocoPhillips CEO Ryan Lance said Tuesday.
Sempra Eyes Growth; RBS Deal Closes
Sempra Energy hopes to better navigate roiling global financial markets now that its trading joint venture with the Royal Bank of Scotland (RBS) received final regulatory approval from the U.S. Federal Reserve Bank to complete the formation of their commodities/marketing joint venture, RBS Sempra Commodities. Sempra CEO Donald Felsinger said he would like to boost the San Diego-based energy company’s stock price.
Sempra Eyes Faster Growth, More Diversity by 2012
Despite roiling global financial markets, federal regulatory delays in closing its joint venture with the Royal Bank of Scotland (RBS), and dissatisfaction with the company’s current stock price, San Diego-based Sempra Energy expects to have faster earnings growth and more diversity in its operations over the next five years, CEO Donald Felsinger told the company’s annual analyst meeting in New York City Thursday.
S&P Again Reaffirms Ratings on CA Muni Gas Pre-pay Deals
With roiling financial markets spilling over to public-sector bond market players, Standard & Poor’s Ratings Services (S&P) again Wednesday issued negative outlooks for some of the counterparties while affirming the ratings on $1.4 billion in bonds by two California municipal utility pre-paid natural gas deals. The ratings firm first commented last week (see Daily GPI, Feb. 6).
Second West Mexican LNG Plan Shows Competitive Strains
News that Mexico’s government is serious about a second liquefied natural gas (LNG) receiving terminal on its western coast is roiling the global LNG trade and giving heartburn to global industrial/energy giants as supplies are scarce.
Second West Mexican LNG Plan Shows Competitive Strains
News that Mexico’s government is serious about a second liquefied natural gas (LNG) receiving terminal on its western coast is roiling the global LNG trade and giving heartburn to global industrial/energy giants as supplies are scarce.