US Railroads Show Untapped Value from Delay in Building Oil Pipeline

US Railroads Show Untapped Value from Delay in Building Oil Pipeline

From Reuters US railroads are obvious winners from the latest delay in the Keystone XL Pipeline approval, and some of the freight operators with the biggest growth in petroleum shipments look undervalued, according to an analysis of Thomson Reuters data. While shares in some railroad companies have recently hit record highs, there may be still more upside potential. CSX Corp and Norfolk Southern Corp are bo ...

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Japan’s Push for Gas Exchange to Face Pipeline-Network Hurdle

Japan’s Push for Gas Exchange to Face Pipeline-Network Hurdle

From Bloomberg By Chou Hui Hong, Tsuyoshi inajima and Heesu Lee Japan’s effort to set up a natural gas exchange may be hampered by the lack of a pipeline network across the country, according to a government subcommittee. Japan is considering setting up the exchange as part of measures to deregulate the country’s retail gas market amid surging fossil fuel import costs and nuclear reactor shutdowns. A subcom ...

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US Natural Gas Futures Jump

US Natural Gas Futures Jump

From BUSINESS RECODER US natural gas futures jumped on Thursday to match a six-week high after a government report showed a smaller-than-expected increase in gas added to storage, bolstering concern that refilling the nation's extremely low inventory before next winter will be difficult. Front-month natural gas futures on the New York Mercantile Exchange jumped 21.1 cents, or 4.65 percent, to settle at $4.7 ...

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INTERVIEW-Japan’s Osaka Gas seeks U.S. shale gas stake

INTERVIEW-Japan’s Osaka Gas seeks U.S. shale gas stake

From REUTERS By Osamu Tsukimori TOKYO, April 15 (Reuters) - Osaka Gas Co is looking to buy a stake in at least one U.S. shale gas project to help supply fuel to the Freeport LNG project in Texas, a senior company official said on Tuesday. Japanese gas and power utilities have been looking for ways to cut fuel costs after their liquefied natural gas (LNG) imports and payments rose to records last year due to ...

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Africa and Brazil ‘are Better Oil Bets than Arctic’

Africa and Brazil ‘are Better Oil Bets than Arctic’

From BUSINESSREPORT By Nina Chestney            London - Africa and Brazil were more attractive areas for oil and gas exploration than the Arctic, where firms would need 15 to 20 years to tap reserves due to the harsh climate, the chief executive of Norway’s DNV GL said yesterday. DNV GL is one of the world’s largest certification, inspection, testing and advisory firms for the maritime, oil and gas and ren ...

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Canada’s Oil Output Seen Growing to 3.9 Million b/d Next Year: CAPP Official

Canada’s Oil Output Seen Growing to 3.9 Million b/d Next Year: CAPP Official

From PLATTS Canada's total crude oil output is expected to reach 3.9 million b/d in 2015, some 500,000 b/d more than the current output, driven primarily by small in-situ oil sands developments, each typically 35,000-40,000 b/d, an industry official said Monday. Oil sands output in Alberta will account for 2.3 million b/d of the new barrels to be produced next year, followed by conventional light output in ...

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Nigeria Pays $10m to Ghana for Failure to Meet Gas Supply Agreement

Nigeria Pays $10m to Ghana for Failure to Meet Gas Supply Agreement

From THIS DAYS LIVE By Chika Amanze-Nwachuku with agency report The federal government has paid $10 million to Ghana as compensation for Nigeria’s failure to meet the gas supply agreement it entered with the latter. Under the agreement signed in 1999, Nigeria was required to supply Ghana a total of 123 million Metric British Thermal Units (MMBtu) of gas per day. However, Nigeria was said to have failed to m ...

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Iraq to Resume Oil Exports to Turkey

Iraq to Resume Oil Exports to Turkey

From RUDAW By RUDAW Last month Turkey stopped the flow from Kurdistan through the one operational Kurdish pipeline following objections by Baghdad. ERBIL, Kurdistan Region – Iraq will resume crude exports through a pipeline to Turkey within days, the Iraqi oil minister said, as Erbil and Baghdad try to resolve a serious dispute over energy exports. "We are trying to resolve these problems. I believe the flo ...

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Norway to Boost Oil Project Oversight after Cost Overruns

Norway to Boost Oil Project Oversight after Cost Overruns

From REUTERS (Reuters) - Norway is growing increasingly intolerant of delays and cost overruns at offshore oil projects and plans to keep a closer eye on operators, intervening when necessary, the head of the oil directorate said. A growing number of inexperienced firms are working on projects, which is a big risk for the government because it offers big development subsidies, regulator Bente Nyland said on ...

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Ethanol Rebounds With Rail Congestion Slowing Supplies

Ethanol Rebounds With Rail Congestion Slowing Supplies

From Bloomberg By Mario Parker Ethanol advanced for the first time in three days on speculation that rail congestion hampering production and supply will take some time to ease. Futures climbed 4.3 percent, a day after consecutive declines of 10 percent and 7.8 percent. While an Energy Information Administration report showed stockpiles gained last week, inventories are 9.2 percent lower than a year ago and ...

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