Alberta will offer new incentives for struggling natural gas producers, but Premier Ed Stelmach provided no details about the scheme. For full story, click here
U.S. natural gas producers have begun to cut back on drilling in order to tighten the market after near record-high production and a recession last year led to severe oversupply and tumble in prices. Barclays Capital commodities analyst Biliana Pehlivanova said: I do think the steady decline in drilling will tighten the supply and demand [...]
As global economies continue to weaken, natural gas production appears to be increasing despite soft demand and the threat of liquefied natural gas heading to the U.S. this summer without a home. For more information, click here
The uncertainty over tax holidays for natural gas producers began after the Finance Bill 2008-09 proposed to redefine mineral oil in the section 80-IB(9). For full story, click here
The big three listed ‘integrated’ oil and gas players – so-called because they match “upstream” production with “midstream” transport and “downstream” marketing – have kicked off the UK company reporting season. For full story, click here
Thursday, June 25, 2009