Northern Gas Pipelines News Briefs, Feb. 12, 2012
ENERGY MARKETS: With gas prices low, shale bargain hunters take long-term view - E&E News, Colin Sullivan - In response, analysts say markets may have to wait at least 18 months for the price to recover and profits to rebound, with some suggesting that this bout of warm weather could be less of an anomaly than producers would like. In the short term, Herve Wilczynski, a partner in A.T. Kearney's energy practice, said the current dynamic could hurt independents that don't have the capital to survive the long haul.
Canada and China collaborate on natural resources - China Daily, Cai Xiao - Li added that both sides should facilitate large-scale cooperation in oil, gas and mineral resource projects, in addition to increased collaboration on nuclear and clean and renewable energy sources.
Going through motions - Petroleum News, Wesley Loy - The state long has been frustrated Point Thomson has not been developed more than 30 years after its discovery on leased state acreage. The field is believed to contain some 8 trillion cubic feet of natural gas plus hundreds of millions of barrels of oil. The leaseholders have cited Point Thomson’s technical challenges, along with the lack of a very expensive North Slope natural gas pipeline, as reasons the field hasn’t been developed.
Harper vows to ensure Enbridge's Northern Gateway pipeline is built - The Vancouver Sun, David L. Junggren - Canada's prime minister on Friday made his strongest comments yet in support of a proposed pipeline from oil-rich Alberta to the Pacific coast, saying his government was committed to ensuring the controversial project went ahead.
Regulator approves Enbridge pipeline toll - Calgary Herald, Dina O’Meara - The National Energy Board has approved the tolls on Enbridge Inc.'s condensate pipeline from Chicago to Edmonton, turning down Imperial Oil Ltd.'s complaint they were discriminatory.
Posted: February 12, 2012