Rebekah's Feed
Nov 1, 2010

Oil rises on weaker dollar, expectations for Fed stimulus

PERTH (Reuters) – Oil rose to nearly $82 on Monday, buoyed by expectations that the U.S. Federal Reserve will commit to a new round of monetary stimulus this week and prompt further weakness in the dollar.

U.S. crude for December rose 43 cents to $81.86 a barrel at 0346 GMT. ICE Brent rose 13 cents to $83.28.

Oct 20, 2010

Australia to approve $30 bln coal seam gas projects

PERTH, Oct 20 (Reuters) – BG Group (BG.L: Quote, Profile, Research, Stock Buzz) and Santos
(STO.AX: Quote, Profile, Research, Stock Buzz) look set to win Australian environmental approval on
Friday for coal seam gas projects, clearing the way for final
decisions on the $30 billion investments.

Santos’ Gladstone LNG project in Queensland and BG’s
Queensland Curtis LNG are seen producing a combined 15.7
million tonnes per annum (mtpa) of liquefied natural gas, or
equivalent to nearly 90 percent of current Australian LNG
exports.

Sep 29, 2010

Q+A-Australia’s new government and coal seam gas projects

PERTH, Sept 29 (Reuters) – Shareholders of coal seam gas
projects in Australia’s Queensland state worth at least A$60
billion ($58.08 billion) are due to make final investment
decisions before the end of 2010.

The projects also need environmental approval from the
newly formed minority government. Environment minister Tony
Burke has said he intended to stick to his predecessor’s
timeline of Oct. 11 for approving the projects. [ID:nSGE68Q005]

Sep 15, 2010

Port congestion to cap Australia coal exports

SINGAPORE/PERTH, Sept 14 (Reuters) – Severe congestion
problems at the world’s biggest coal shipping port, Newcastle
in Australia, look set to constrain the country’s coal exports
for at least another two years.

BHP Billiton (BHP.AX: Quote, Profile, Research), Rio Tinto (RIO.AX: Quote, Profile, Research), and other mining
companies have expanded operations to keep up with rising
Chinese and Indian coal demand, overstretching the capacity of
Australia’s Newcastle port by almost 10 million tonnes on an
annual basis as it battles with bad weather and congestion.

Sep 14, 2010

Severe port congestion to cap Australia coal exports

SINGAPORE/PERTH, Sept 14 (Reuters) – Severe congestion
problems at the world’s biggest coal shipping port, Newcastle
in Australia, look set to constrain the country’s coal exports
for at least another two years.

BHP Billiton (BHP.AX: Quote, Profile, Research), Rio Tinto (RIO.AX: Quote, Profile, Research), and other mining
companies have expanded operations to keep up with rising
Chinese and Indian coal demand, overstretching the capacity of
Australia’s Newcastle port by almost 10 million tonnes on an
annual basis as it battles with bad weather and congestion.

Sep 9, 2010

Total pays $750 mln for slice of Australia LNG project

SYDNEY, Sept 9 (Reuters) – Total (TOTF.PA: Quote, Profile, Research) agreed to buy a
20 percent stake in Australia’s Gladstone LNG project for $750
million from Santos (STO.AX: Quote, Profile, Research) and Malaysia’s Petronas [PETR.UL],
a key step in securing financing and gas sales for the $15
billion project.

Santos, Australia’s third-largest gas producer, said it
would sell a 15 percent stake to Total for A$650 million
($597.4 million), while Petronas would sell 5 percent in the
coal-seam gas fed LNG project.

Aug 9, 2010

BP’s Macondo fate echoes that of fictional city

HOUSTON/NEW YORK (Reuters) – The name BP Plc gave its Mississippi Canyon 252 prospect in the Gulf of Mexico — Macondo — could have foreshadowed disaster long before a blowout and deadly explosion unleashed enormous environmental, economic and political consequences.

In Macondo, a fictional South American city in Gabriel Garcia Marquez’s novel, “One Hundred Years of Solitude,” the fantastical and the improbable are the norm.

Jul 6, 2010

Strong global oil output to overshadow rising demand

LONDON/NEW YORK (Reuters) – Global oil output will rise faster than first expected in 2010 with a strong rebound in prices from the depths of the crisis ensuring growing demand will not stretch supplies for at least another year.

A Reuters poll of 10 top oil-tracking analysts and organisations found oil demand would rise by 1.5 million barrels per day (bpd) this year to hit 86.1 million bpd, the highest level since 2007.

Jun 8, 2010

Analysis: U.S. oil stockpiles bulge as big storm season begins

NEW YORK (Reuters) – Bulging U.S. oil and natural gas inventories should protect consumers from price spikes this summer even if the U.S. Gulf Coast gets slammed with a monster hurricane season, as forecasters have predicted.

Oil and gas prices rose last week after the U.S. government forecast up to 14 hurricanes, second only to a record 15 storms in 2005. Then, Hurricanes Katrina and Rita shut offshore oil platforms for weeks and some refineries for months.

Jun 7, 2010

U.S. oil stockpiles bulge as big storm season begins

NEW YORK (Reuters) – Bulging U.S. oil and natural gas inventories should protect consumers from price spikes this summer even if the U.S. Gulf Coast gets slammed with a monster hurricane season, as forecasters have predicted.

Oil and gas prices rose last week after the U.S. government forecast up to 14 hurricanes, second only to a record 15 storms in 2005. Then, Hurricanes Katrina and Rita shut offshore oil platforms for weeks and some refineries for months.

    • About Rebekah

      "Based in Perth, Australia, I cover coal and gas in Asia. Before moving to Perth, I covered oil and fuels like gasoline and diesel in New York City, including the climb of oil prices to a record high near $150 per barrel."
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