Natural Gas Prices

Looking Ahead: Giant Overseas Oil Field Startup vs Tough US Natural Gas Market

By


Accounting firm Ernst & Young released its Oil & Gas Center’s quarterly outlook this week highlighting the major trends expected in various petroleum industry sectors over the near term. It’s done on a quarterly basis and provides an overall view of main themes to be watching. It is primarily generated as an internal document, “so everyone knows what’s going on and highlights are sent to clients,” Foster Mellen, Senior Analyst with Ernst &Young’s Oil & Gas Practice told Breaking Energy.

Some points of interest include the long-overdue startup of Kazakhstan’s giant Kashagan field and how companies may cope with US natural gas prices that have persistently remained below historical norms. Keep reading →

 /  Published January 31, 2013 at 11:30 AM

Energy Prices on the Rise Again

By


Energy prices have been rising fast. But not enough to derail the economic recovery. Not yet anyway.

Over the last month, crude oil prices have risen over 4% and are approaching $100 a barrel. Analysts think they’ll soon trade in the triple digits. Gasoline futures are up even more, rising 8% over the last 30 days. At the pump, drivers are now paying 14 cents more a gallon than they were in mid December. Keep reading →

 /  Published January 30, 2013 at 2:00 PM

2013 Oil and Gas Market Outlook

By


The New York Energy Forum held its annual kickoff meeting last Thursday night, where leading market analysts presented their views about where oil and natural gas markets are headed this year. Sanctions-bitten Iranian crude output, the interplay of fundamentals and financial factors in oil markets and the US petroleum output boom were all topics of discussion.

Global benchmark crudes West Texas Intermediate and Brent have been range bound for the past two years and the speakers expected little change in 2013, despite an uptick in global oil demand. Keep reading →

 /  Published January 14, 2013 at 8:00 AM

Natural Gas Trading Strategy

By

One thing all commodity price forecasts have in common is they tend to be very poor at predicting what prices will be in the future, despite this being ostensibly their sole purpose. Many forecasts are based on past market activity, but this has not proven to be terribly effective at divining future price movements.

In this video from the US Association for Energy Economics conference recently held in Austin, Texas, Roger Stibolt, Managing Director at investment banking house Galway Group discusses some of the ways he approaches natural gas trading and price forecasting. Keep reading →

 /  Published January 2, 2013 at 9:00 AM

Five Ways to Forecast Natural Gas Market Activity

By

What’s the best way to analyze future natural gas price scenarios? Banks and hedge funds spend enormous amounts of time and money attempting to answer that question and there is no shortage of views on the subject.

In this video from the US Association of Energy Economics conference recently held in Austin, Texas, Robert Stibolt, Managing Director of the Galway Group – an investment banking firm – discusses five ways to obtain information about future natural gas prices and market fundamentals. Keep reading →

 /  Published December 28, 2012 at 11:00 AM

A ‘Different World of Natural Gas’

By

Many analysts and energy industry observers did not anticipate the impact unconventional gas and oil produced from tight deposits like shale would have on the industry. Technology and market fundamentals aligned to open vast reserves and facilitate production increases that caught many by surprise and are having wide ranging effects throughout the energy business and beyond.

This video from the recent US Association of Energy Economics conference features natural gas market experts discussing the shale gas phenomenon and what it means for everything from trading strategies to Russian production and export planning. Keep reading →

 /  Published December 26, 2012 at 3:00 PM

As Global Natural Gas Use Increases, Inland and Floating LNG Projects Proliferate

By


Global natural gas demand is expected to steadily increase in the coming decades as developing economies continue growing and the West uses more of the fuel. Established energy trade patterns are also expected to shift eastward to emerging market demand centers as more gas is produced in the western hemisphere. Business activity at one of the world’s major engineering firms appears to be evolving in step with these emerging energy market trends.

“The best way to get $8 [natural] gas is to act like it’s going to be $3,” Dean Oskvig, President and CEO of Black & Veatch’s energy business recently told Breaking Energy. Increasing US unconventional gas reserves and output, which have kept US prices below historical norms, could in spur consumption and shift supply/demand fundamentals so that prices rapidly increase. The threat remains unrealized for now, with natural gas prices still near historic lows. Keep reading →

 /  Published December 20, 2012 at 8:30 AM

GE Reaches Milestone for Wind Installations as US Industry Heads for Cliff

By

A Vietnamese employee of GE’s newly built turbine generator factory walks in front of wind turbine components inside an assembly line in the northern coastal city of Hai Phong on October 15, 2010.

GE last month celebrated its 20,000th wind turbine installation, a gargantuan achievement given the US power generation giant only stepped into the sector in 2002 when it purchased the wind power assets from recently bankrupted Enron. Keep reading →

 /  Published December 17, 2012 at 12:00 PM

US Closer to Being Major Natural Gas Exporter

By


A long awaited report from the Energy Department issued Wednesday said the benefits of exporting the gas far outweigh the costs.

The report clears the way for the approval of of up 15 pending natural gas export facilities – multi-billion dollar projects situated mostly along the Gulf and Mid Atlantic coasts. Keep reading →

 /  Published December 7, 2012 at 2:30 PM

Are US Shale Gas Resources Overstated? Part 1

By


A forthcoming book argues that the country’s shale gas plays contain only about a quarter of the fuel that has been estimated by the US Energy Information Administration, and other widely used industry and academic assessments.

“Cold, Hungry and in the Dark: Exploding the Natural Gas Supply Myth,” by Bill Powers asserts that the quantity of unproved but technically recoverable natural gas in US shale plays is approximately 127 trillion cubic feet, or about a quarter of the 482 tcf estimated by the EIA in its Annual Energy Outlook for 2012. Keep reading →

 /  Published December 3, 2012 at 8:30 AM
Page 15 of 201...111213141516171819...20