The latest developments underscore a general theme from the subcontinent as it has been looking at other areas to acquire oil and gas assets overseas to meet its growing energy demand. As Asia’s third-largest oil consumer, India has been aggressively scouting for overseas gas and oil assets to meet its supply deficit and is competing with China for fields from Africa to Venezuela.
Moving away from more traditional supply and demand side fundamentals, gas prices and the costs of production may increasingly be leveraged by oversight, share holder accountability, and seasonal meteorology.
With all of the attention to the petrochemicals industry currently, a recent survey conducted by Resources Investing News has highlighted both oil and natural gas sectors as areas of high interest for investors.
Encana, Canada’s largest natural gas producer is seeking project partnerships that could facilitate the development of unconventional gas fields, with expectations to double its production of natural gas over the next five years.
Prices are expected to rise, initially pushed higher by increased gas demand for cooling, as Senior Meteorologist Joe Bastardi of AccuWeather.com predicted this summer to be the “hottest summer since 2005 for much of the nation” and later from increased demand in industrial and power generation.
By Duncan Sutherland – Exclusive to Gas Investing News
Market news
What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches.
Barring a major depression of the sort where people make shoelace soup, winter means more demand for natural gas. So, [...]
By Duncan Sutherland – Exclusive to Gas Investing News
Market news
The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices.
Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it has had a [...]
Hydrocarbons are the sine qua non of modern life. A short thought experiment illustrates the point rather well. Think of how your day would go if you couldn’t use the internal combustion engine, plastic, most electricity, the products of commercial agriculture or anything that has traveled by ship.
If you pay even tangential attention to the [...]
Recently, historians have re-evaluated ancient Greek accounts of the Oracle at Delphi. Some now suggest that these divinations were the result of priestesses inhaling ethylene or methane that filled the cave from a fissure in the rock.
During the intervening millennia, mankind has found more prosaic uses for these hydrocarbons. Natural gas has been used to [...]
Thursday, July 22, 2010