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With a siege of frigid weather in the East not only showing little sign of letting up soon, and even strengthening by New Year’s Day, and the South having returned to lows on either side of freezing over the weekend, multi-dollar spikes in the Northeast led an across-the-board advance by the spot market Monday.

North American drilling activity is showing signs of improvement after bottoming out in the summer, but natural gas prices indicate “little sign of meaningful near-term recovery” and “caution abounds” for the next six months to a year, two oilfield service CEOs are warning.

North American drilling activity is showing signs of improvement after bottoming out in the summer, but natural gas prices indicate “little sign of meaningful near-term recovery” and “caution abounds” for the next six months to a year, two oilfield service CEOs are warning.

Despite early indicators of an economic turnaround and signs that energy demand is showing signs of a rebound, Canada should have adequate supplies of heating oil, natural gas and electricity to make it comfortably through the 2009-2010 winter, according to the National Energy Board (NEB) in its annual Winter Outlook.

Despite early indicators of an economic turnaround and signs that energy demand is showing signs of a rebound, Canada should have adequate supplies of heating oil, natural gas and electricity to make it comfortably through the 2009-2010 winter, according to the National Energy Board (NEB) in its annual Winter Outlook.

The U.S. natural gas rig count is showing a much faster-than-expected recovery, which is worrisome and could result in more supply than needed in 2010, Barclays Capital analysts said last week.

The U.S. natural gas rig count is showing a much faster-than-expected recovery, which is worrisome and could result in more supply than needed in 2010, Barclays Capital analysts said Tuesday.

After years of resisting special financial treatment for unconventional drilling, the Alberta government is showing signs of preparing to grant new breaks to kick-start activity that has to date largely bypassed Canada’s largest producing province.

After years of resisting special financial treatment for unconventional drilling, the Alberta government is showing signs of preparing to grant new breaks to kick-start activity that has to date largely bypassed Canada’s largest producing province.