Canada’s oil and gas industry could lose about 3% of its workforce by 2015 due to “persistently low natural gas prices,” according to a new report. However, the jobs outlook varies greatly across industry sectors.
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Importance of Gas Standards Grows Along With LNG
Gas producers who’ve traveled around the country poking holes in the ground know that the flavor of what they get varies from basin to basin; some gas is wetter, some has a higher heat content, etc. Over the years since the manufactured gas industry evolved into the natural gas industry, consumers — residential, industrial, process, power generation — and their equipment have grown accustomed to the flavor of gas most prevalent in their particular region. One industry expert described this as an “accident of history.”
Evolving Gas Industry Demands New, Consistent Standards
Gas producers who’ve traveled around the country poking holes in the ground know that the flavor of what they get varies from basin to basin; some gas is wetter, some has a higher heat content, etc. Over the years since the manufactured gas industry evolved into the natural gas industry, consumers — residential, industrial, process, power generation — and their equipment have grown accustomed to the flavor of gas most prevalent in their particular region. One industry expert described this as an “accident of history.”
Post-Weekend June Price Movement Varies
June prices were still on the rise for a California buyerTuesday, but a producer said he was seeing slightly lower Chicagocitygates.
Screen Bounces Help Lift Cash; April Impact Varies
Those who expected the swing cash market to use Mondayafternoon’s cash run-up and continued futures strength Tuesdaymorning as a springboard were not disappointed. Late-March quoteswere moving higher by double-digit amounts at nearly every point inall market areas, although few increases exceeded 10-12 centsexcept in the Rockies and Northeast.