ExxonMobil Corp. investors have been a little antsy about all of the capital investments over the past five years with seemingly little to show for it, CEO Rex Tillerson said last week. He acknowledged that a lot of money has been invested in projects yet to bear fruit and said the company’s forecast on U.S. natural gas prices didn’t hit the mark.
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‘We’ve Got to Deliver,’ ExxonMobil’s Tillerson Tells Shareholders
ExxonMobil Corp. investors have been a little antsy about all of the capital investments over the past five years with seemingly little to show for it, CEO Rex Tillerson said Wednesday.
Asia Gas Could Redefine Global Pricing
The seemingly unrelenting growth in natural gas use in Asia-Pacific nations could have global implications for gas pricing that heretofore has varied greatly between the East and the West, two Singapore-based energy attorneys said during an energy conference Tuesday.
New Name, Reforms Proposed for Texas Regulator
With seemingly more oil and gas development going on in Texas than ever, perhaps it’s time to finally change the name of the state’s principal regulator of the industry to something that reflects its purpose, something other than Railroad Commission of Texas (RRC).
New Name, Reforms Proposed for Texas Regulator
With seemingly more oil and gas development going on in Texas than ever, perhaps it’s time to finally change the name of the state’s principal regulator of the industry to something that reflects its purpose, something other than Railroad Commission of Texas (RRC).
Bears Ignore Bullish Storage Stats; January Slips
January natural gas inched lower Thursday as traders took the opportunity to sell into a seemingly bullish government inventory report and looked ahead to forecasts calling for above-normal temperatures. The Energy Information Administration (EIA) reported a withdrawal from inventories of 102 Bcf for the week ended Dec. 9, a greater draw than what the market was looking for. At the close, however, January had eased 0.9 cent to $3.127 and February had shed 1.0 cent to $3.177. January crude oil fell $1.08 to $93.87/bbl.
Bears On The Prowl Following Storage Data; July Tumbles
July natural gas on Thursday repeated its performance of a week ago and fell hard following the release of seemingly constructive inventory data. The Energy Information Administration (EIA) reported an increase of 69 Bcf in its weekly inventory report, well below historical averages, but prices suffered a double-digit loss. At the close July had fallen 16.5 cents to $4.412 and August dropped 16.1 cents to $4.450. July crude oil added 14 cents to $94.95/bbl after declining $4.56 in Wednesday’s trading.
Prices Rebound for Second Time This Week
Seemingly unable to make up its mind about how substantive recent weather-based demand is, most of the cash market reversed direction for a third straight day Wednesday in chalking up small gains at nearly all points.
Palomar East Pipeline Backers Eye 2011 Milestones
A seemingly on- and off-again project to build a new interstate pipeline connection for the Portland, OR, metropolitan area is currently very much on and eyeing market and regulatory milestones in the first half of this year, according to senior executives at NW Natural.
Backers: Palomar East Pipeline Eyes Milestones in 2011
A seemingly on- and off-again project to build a new interstate pipeline connection for the Portland, OR, metropolitan area is currently very much on and eyeing market and regulatory milestones in the first half of this year, according to senior executives at NW Natural.