A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte is excited to have joined the Investing News Network as an editorial assistant, and looks forward to gaining more knowledge about the commodities sector. She plans to complete her certificate in the spring of 2013.
Reuters reported that Turkey is planning to increase the exploration of basins in its Southeast, East and Western Thrace areas in the hope of finding sizeable shale gas reserves. Turkey’s interest is motivated by its desire to reduce its energy import dependency.
CNNMoney reported that a range of factors, including higher oil prices, production cuts and the closing of refineries, have caused gas prices to rise for 32 days in a row, increasing by more than 13 percent during that time.
The Globe and Mail reported that Chevron Corp. (NYSE:CVX) has agreed to take 50-percent ownership of Kitimat LNG by buying the minority positions held by Encana Corp. (TSX:ECA,NYSE:ECA) and EOG Resources Inc. (NYSE:EOG). The move places Chevron at the helm of the project and brings it closer to becoming a reality.
Platts reported that the International Energy Agency does not think Russia will be as successful as North America has been at developing its unconventional oil and gas resources.
CNBC reported that after investing $50 million in plans for a natural gas pipeline, Puerto Rico’s government has opted not to go through with the project.
Reuters reported that front-month US natural gas futures rose for the fifth day in a row; however, other months were pulled down by forecasts that weather in the US next week will be mild.
Range Resources Corp. (NYSE:RRC) announced its results for the third quarter of 2012, commenting that its production increased by 47 percent compared to the same quarter of 2011. The company produced 623.3 Mmcf per day of natural gas and 20,040 barrels per day of natural gas liquids.
The Wall Street Journal reported that natural gas futures rose on anticipation that US Energy Information Administration data will show a rise in gas storage that is smaller than normal.
The Sydney Morning Herald reported that BHP Billiton Ltd. (ASX:BHP) and ExxonMobil Corp. (NYSE:XOM) may make a decision on how to develop Western Australia’s Scarborough gas field in less than a year. The field contains an estimated 10 trillion cubic feet of gas, but its appeal has been mitigated by the fact that it is located in remote, rough seas.
Bloomberg reported that in November Iraq will sign gas and oil exploration contracts with a variety of companies, including Russia’s LUKOIL (LSE:LKOH) and Bashneft (OTC Pink:BNSFF), Pakistan Petroleum Ltd. (OTC Pink:PKKKY), Japan’s Inpex Corp. (TSE:1605) and London’s Premier Oil plc (LSE:PMO).
