Story by Bloomberg The plunge in global crude oil prices has helped boost U.S. natural gas imports to the most in at least seven years, even as the country prepares to start exporting cargoes. Deliveries to onshore pipelines from liquefied natural gas terminals in Massachusetts and Maryland on Jan. 8 were the most in data going back to December 2007,
TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TGL.TO) (TGA) is pleased to provide 2015 capital guidance, Q1-2015 production and funds flow guidance and Q4-2014 operational and financial highlights. All dollar values are expressed in United States dollars unless otherwise stated. 2015 CAPITAL GUIDANCE (Exploration and Development) TransGlobe’s 2015 capital program is significantly lower than the previous year, reflecting the dramatic
$70-$100 per Barrel for the Coming 5-10 Years In its Oil Market Report sent to clients today, DNB Bank’s Oslo research team led by oil market analyst Torbjørn Kjus, said “we now believe prices have dropped to unsustainably low levels and our oil price forecast is now bullish vs the whole forward strip.” In its analysis, DNB sees the 20%-30% CapEx
Unconventional wells are becoming more economically difficult as prices remain low With oil losing more than 50% of its value in six short months, United States shale producers are increasingly feeling the market squeeze as they struggle to competitively price their product in the global sphere. In June of 2014, when West Texas Intermediate (WTI) prices reached a high of
Story by Business Insider As oil prices have plunged, US gas demand has soared, something that seemed unlikely just a few years ago. According to Morgan Downey, CEO of Money.net, “A few years ago people were saying that US oil demand had peaked and would never recover — some called it ‘peak demand.’” In an email to Business Insider, Downey said the
House greenlights Keystone, Nebraska Supreme Court lets legislation allowing pipeline stand With the House of Representatives passing legislation on TransCanada’s (ticker: TRP) Keystone XL pipeline for the tenth time in three years, and the Nebraska Supreme Court removing legal roadblocks to the pipeline, the stage is now set for a vote on a similar Keystone bill in the Senate. The measure passed with
