Energy
Crude Oil Futures Fluctuate After U.S. Inventories, Fuel Demand Increase Crude oil fluctuated after a
government report showed that U.S. supplies climbed for a sixth
week and fuel demand rose to the highest level since August.
Rising Asia Gas Supplies Could Hurt Apache's Planned Canada Export Plant Apache Corp.’s biggest risk in
developing North America’s largest natural-gas export
terminal is increased global competition that could drive
down prices and prompt customers to renegotiate multiyear
contracts, an economist said.
Tullow Says Total, China National to Help Ramp Up Ugandan Oil Production Tullow Oil Plc said the addition of
China National Offshore Oil Corp. and Total SA as its partners
in Uganda will allow the U.K. explorer to ramp up production
from the African nation.
Shell Executive Gets Role of Overseeing Australia LNG Amid Bid for Arrow Royal Dutch Shell Plc, bidding with
PetroChina Co. to acquire Arrow Energy Ltd., said Ann Pickard is
expected to start this month as the executive vice president
leading oil and gas exploration and production in Australia.
Petrobras, Repsol, BG Find Evidence of More Oil off the Brazilian Coast Petroleo Brasileiro SA, Repsol YPF
SA and BG Group Plc found more evidence of oil in the same
offshore Brazilian block where the companies’ Guara field holds
as much as 2 billion barrels of crude.
GDF Suez Looking at Expansion Opportunities in Poland, Vice Chairman Says GDF Suez SA, France’s second-
largest electricity producer, is looking at power opportunities
in Poland where it sees “a lot of growth potential,” Vice
Chairman Jean-Francois Cirelli said.
Shale Gas Supplies Can Transform U.S. Power Generation, IHS CERA Says Technology to develop natural gas
from hard-to-access rock formations can expand U.S. supplies,
shift the price outlook for gas and realign choices for fueling
power generation, according to a study by IHS Cambridge Energy
Research Associates.
OPEC Raises Forecast for Oil Demand on Lower Estimate for Gas Liquids The Organization of Petroleum
Exporting Countries said it will need to pump more crude than
previously forecast this year after cutting its outlook for
production of natural gas liquids.
Athamas Hedge Fund Will Sell More Wood And Fewer Carbon Credits in Future A forestry and carbon hedge fund
proposed by Athamas SA will focus on wood rather than carbon
credits after United Nations climate talks in December failed to
set international targets after 2012.
Atlantic Hurricane Season Poses `Above-Normal' Threat, AccuWeather Says The 2010 Atlantic hurricane season
will be more active than last year’s and poses an “above-
normal” threat to the U.S. Gulf and East coasts, AccuWeather
Inc. forecasters said today.
UN Carbon Carbon Offset Prices May Gain This Year, CDM Board Member Says Credits from projects aimed at
reducing greenhouse gas emissions under a UN program will
increase by about a fifth this year, a member of the oversight
board said, less than analysts have forecast.
First Climate Seeks $136 Million for New Fund on Carbon Credits After 2012 First Climate AG said it signed
letters of intent with major European utilities to invest in
projects that may generate emission credits good after 2012.
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