Thursday, Mar 11th
Last update:02:19:43 AM GMT
Washington. President Barack Obama's top environmental adviser urged the natural gas industry on Tuesday to disclose the chemicals it uses in drilling, warning that the development of massive U.S. shale gas reserves could be held back otherwise.
Calgary. Husky Energy Inc. (TSX: HSE) announced today that the Company has agreed to issue $700 million in medium term notes. The medium term notes will be issued in two tranches: $300 million at 3.75 percent maturing on March 12, 2015 and $400 million at 5.00 percent maturing on March 12, 2020. The transaction is expected to close on March 12, 2010, subject to customary closing conditions.
San Francisco. California's aggressive climate change policy is likely to lead to modest job losses in the near term due to higher energy costs and other factors, the state's independent budget watchdog said.
Houston. Houston American Energy Corp., a small energy company focused on Colombia, may soon reap big rewards from its well-established presence in that country.
Rio de Janeiro. Petrobras wishes to clarify the news published today in the Brazilian Press, titled “Petrobras declares a new discovery in the Santos Basin pre-salt layer”. The Company confirms that it notified the ANP (National Agency for Oil, Natural Gas and Biofuels) about the presence of hydrocarbons in the well 1-BRSA-594-SPS, located in the northern part of the BM-S-9 area, developed under the Guará Evaluation Plan.
Texas. The development of natural gas resources from around the world will play an important role in the future global economy, Tom Walters, president of ExxonMobil Gas & Power Marketing Company, said today at a plenary session during the CERAWeek 2010 conference in Houston, Texas: “We expect global energy demand to increase nearly 30 percent in the next 20 years. By 2030, global gas demand will be around 140 billion cubic feet per day higher than 2009.”
Texas. At a recent Cambridge Energy Research Associates conference, Exxon executive Tom Walters made it unflinchingly clear that his company believes natural gas is in for a long-term growth phase in North America.
NY. It looks like ice -- but this ice could one day be used to heat your home. It's actually not ice at all, but crystallized natural gas, and if scientists can figure out how to harvest it cheaply enough, it could become a vast new source of energy available in just about every country in the world.
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