First Enercast Featured Articles Jul. 29, 2010
Forecast & Analysis - Top Stories - Financial - Releases - Weather Stories
Forecast & Analysis
Weekly Natural Gas Storage Data
Working gas in storage was 2,919 Bcf as of Friday, July 23, 2010, according to EIA estimates. This represents a net increase of 28 Bcf from the previous week...
Exxon, Shell growth now led by natural gas
By Tom Bergin and Anna Driver LONDON/HOUSTON, July 29 (Reuters) - Exxon Mobil (XOM.N) and Royal Dutch Shell Plc (RDSa...
News Cycle Turns In BP's Favor
Posted by James Herron BP PLC (BP, BP...
BP's Dudley Targets Riskiest Deepwater Drilling After $32 Billion Blowout
By Stanley Reed - Jul 28, 2010 Robert Dudley, the man charged with rebuilding the reputation of BP Plc after the disastrous oil spill in the Gulf of Mexico, will slim the company to its...
Crude Price Curve May Flatten on `Stair-Step' Pattern: Technical Analysis
By Grant Smith - Jul 29, 2010 The premium for later deliveries of crude oil may collapse as the spread between the first two monthly futures contracts follows a stair-step pattern,...
DJ US NATURAL GAS INVENTORY SURVEY: 34 Bcf Build Expected
By Christine Buurma Of DOW JONES NEWSWIRES NEW YORK(Dow Jones)--Analysts and traders expect government data scheduled for release Thursday to show a smaller-than-average build...
Top Stories
SEC Probes Trading In Anadarko Shrs After BP Well Accident-CNBC's Kelly
A Securities and Exchange Commission informal investigation into unusual trading in the shares of BP PLC (BP, BP.LN) between April 20 and late June, includes shares in Anadarko Petroleum Corp...
BP's Hayward Must Face Lockerbie Questions -Sen Menendez
WASHINGTON (AFP)--A U.S...
BP Drilling Ban Would Cost U.S. Jobs, Company Says
By James Paton - Jul 29, 2010 BP Plc objected to proposed legislation that would bar the oil company from operating new drilling leases in U.S...
U.S. Senate energy bill draws widespread criticism
By Richard Cowan WASHINGTON, July 28 (Reuters) - Republicans and some moderate Democrats in the U.S...
BP Oil Is Dissipating, Easing Threat to East Coast
By Jim Polson - Jul 28, 2010 Oil from BP Plcs record spill in the Gulf of Mexico is biodegrading quickly, probably eliminating the risk that crude will go around Florida and hit the U.S...
Gas line ruptures near Houston, none reported hurt
HOUSTON, July 28 (Reuters) - A natural gas pipeline ruptured northwest of Houston Wednesday, but there was no fire and no reports of injuries, officials said. The incident began about 7 a.m...
Financial
US Gas Pares Gains On EIA Storage Data
[Dow Jones] Natural gas-futures pop higher Thursday after a U.S. government report showed a smaller-than-expected build in U.S. inventories. The U.S...
OIL FUTURES: Nymex Crude Holds Steady In Tight Trading Range
By Jerry A...
Oil Declines on Rising U.S. Crude Inventories as OPEC Production Increases
By Grant Smith - Jul 29, 2010 Crude oil dropped for a third day in New York on speculation the economic recovery is not proceeding fast enough to rein in excessive fuel supplies...
OIL FUTURES: Crude Retreats On Tepid Economic Outlooks
By Jerry A. DiColo Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Crude futures fell slightly Wednesday, as mixed economic data and a report on U.S...
Oil Slips on Signs Slowing U.S. Recovery Will Curtail Demand
By Grant Smith - Jul 28, 2010 Crude oil fell for a third day on signs that a slowing recovery in the U.S. will curtail fuel consumption in the worlds second-largest energy user...
US GAS:Futures Climb On Hot Weather Ahead Of August Expiration
By Christine Buurma Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Natural gas futures climbed Wednesday on forecasts of sweltering temperatures as traders squared their books...
Releases
S&P Places LUKoil On Watch Negative On Share Buyback Plans
The following is a press release from Standard & Poor's: -- Russian oil producer LUKoil has announced that it will buy back 7...
Mitsui O.S.K. Inspects Oil Tanker After Explosion From a Possible Attack
By Chris Cooper - Jul 29, 2010 Mitsui O.S.K. Lines Ltd. began inspecting an oil tanker after an explosion that may have been caused by an attack near the Strait of Hormuz, deemed by the U.S...
Shell Posts Higher Profit on Oil Prices, Production
By Fred Pals - Jul 29, 2010 Royal Dutch Shell Plc, Europes largest oil company, posted a 15 percent increase in second- quarter profit on higher oil prices and production as it exceeded...
BP May Sell Venezuela Oil Stakes to Russian TNK-BP Venture
By Jose Orozco and Stephen Bierman - Jul 29, 2010 BP Plc has told Venezuelas state oil company its interested in selling stakes in three projects to its Russian venture, TNK-BP, Petroleos...
Exxon Mobil Second-Quarter Profit Climbs After Oil Prices Rise
By Edward Klump - Jul 29, 2010 Exxon Mobil Corp. posted its biggest profit increase since 2003, exceeding analysts estimates, as rising production helped the largest U.S...
Marathon Oil Corporation Declares Second Quarter 2010 Dividend
HOUSTON, July 28 /PRNewswire-FirstCall/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 25 cents per share on Marathon...
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