Gas Exploration Hotspots
Gas – Shale gas has already been dubbed a ‘game changer’ for US energy markets - these three hotspots may prove to be just as fruitful.
Articles Tagged "NYSE:BP"
BP Says Contract With Libya State Oil Firm Still Valid
Oil – Reports that on Thursday, BP Plc's (NYSE:BP) contract with Libya's National Oil Corporation is still valid.
Equity Markets in Japan Earthquake Aftermath
The massive earthquake and tsunami in Japan last week has the potential to recalibrate our world’s geopolitical context. At the moment, the world is waiting to find out if the damage to Japan's nuclear generators will result in another Chernobyl or Three Mile Island.
Top Oil Producer Targeting Assets in India
Oil – BP and Reliance Industries intend to create a joint commercial interest to purchase, transport and market oil and natural gas. This partnership could prove important for the Indian economy.
Increasing Oil Production Pressures
Oil – International Energy Agency last week indicated that “three digit oil prices risk damaging” the economic recovery, offering a message that OPEC should raise output; however, OPEC responded the same day by saying that global supplies are sufficient to meet demand.
Temporary Oil Production Delays and Cold Temperatures Impact Prices
Oil – The Trans Alaska Pipeline was shut down on Saturday following the discover of a leak at an intake pump station at Prudhoe Bay, constricting supply in one of the United States' key oil arteries. Cold weather in the Northeast during December translated into 5 consecutive stock draws in the Central Atlantic, while New England stocks fluctuated during the month.
Oil Spill to Static Kill: The Saga Continues in the Gulf of Mexico
Oil – British Petroleum (NYSE:BP) has won approval from the U.S. government for the latest step to start pumping cement into its damaged Gulf of Mexico oil well and the company is currently in a disagreement over a regulatory filing that could indemnify or limit the liability of a company’s contract from penalties and liabilities other than for contamination resulting from operations controlled by the rig owner on or above the surface of the water.
India Looking to Secure Gas Supplies
Gas – 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.
Gas Price Levers Driven by Investor, Environmental and Weather Concerns
Gas – 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.
Canadian Lithium Explorer to List on Major Toronto Stock Exchange
Lithium – Canada Lithium Corp. announced that it will begin trading on the Toronto Stock Exchange as early as Thursday, June 24. The market responded very positively to the press release, with share prices for Canada Lithium on the Venture Exchange trading 4 percent higher than the previous day’s close, at CAD $ .52.
