Sen. John Kerry (D-MA), the chief architect of the Senate’s climate change legislation, said the Environmental Protection Agency (EPA) Monday was sending a “clear signal to Congress” when it issued an endangerment finding on greenhouse gas (GHG) emissions.
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Articles from Signal
Barclays Analysts Predict End of Gas-Fired Generation Boom
Modest power demand growth and the rise of renewable energy, particularly wind, could signal the end of the boom times for gas-fired power generation, analysts at Barclays Capital said in a research note.
Futures Fall as Bulls Fail to Locate Fundamental Traction
With bulls unable to latch on to any real supportive fundamentals other than some pockets of hot temperatures in Texas, the South and the West, August natural gas futures continued plumbing the downside on Tuesday. The front-month contract put in a low of $3.798 in morning trade before closing the regular session at $3.835, down 10.9 cents from Monday’s finish.
Slight Uptick in Gas Drilling Raises Concerns
An oversupply of domestic natural gas this year is “nearly a foregone conclusion,” but the uptick in gas drilling rigs earlier this month may signal a new battle on whether U.S. producers can reset the supply/demand balance in 2010, Barclays Capital analysts said in a report Tuesday.
Second Mexico Pacific Coast LNG Terminal Actively Sought
Another signal that Mexico’s Pacific Coast will have a second liquefied natural gas (LNG) receiving terminal, perhaps by 2012, unfolded Monday in Mexico City where a Mexican federal electricity regulator said he expects at least three major international companies to bid on building a 500 MMcf/d LNG facility at Manzanillo, the nation’s busiest port located southwest of Mexico City. Bids are due Feb. 7.
Imperial, ExxonMobil to Jointly Explore Beaufort Sea Parcel
Imperial Oil Ltd. and joint venture partner ExxonMobil Canada have acquired exploration rights for a parcel in the Canadian portion of the Beaufort Sea, which may signal renewed optimism for the long-delayed Mackenzie Gas Project (MGP).
Oil Sands Spur Bid for Shell Canada, Potentially Others?
Analysts at UBS said an offer by Royal Dutch Shell plc for the Shell Canada Ltd. shares it does not own could signal consolidation to come among Canadian energy players.
Royal Dutch Shell Bid Could Spark Canadian Consolidation, Say Analysts
Analysts at UBS said an offer by Royal Dutch Shell plc for the Shell Canada Ltd. shares it does not own could signal consolidation to come among Canadian energy players.
ChevronTexaco Sends Bullish Signal on Prices with Unocal Purchase
In putting together the acquisition of Unocal Corp., ChevronTexaco Corp.’s top management sent a clear bullish signal that they expect sustained high oil and natural gas prices going forward, analysts noted last week.
S&P Expects E&Ps to Benefit as Strong Oil, Gas Prices Continue
Constrained production capacity, combined with continued strong demand growth, signal a continuation of oil and natural gas prices “well above” historical norms, according to a report by Standard & Poor’s (S&P).