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Nikita Klyuev

Billionaire-backed commodity merchant buys natural gas assets - 0 views

business.financialpost.com/...rchant-buys-natural-gas-assets

canada commodities resources

shared by Nikita Klyuev on 17 Jan 13 - No Cached
  • Nikita Klyuev on 17 Jan 13
     
    The firm acquired 180 oil and gas wells, 150,000 net acres in mineral leases, a gas processing facility and a 262-mile gas gathering system from Houston-based Patara Oil & Gas, it said in a press release. Dubin was listed as number 285 on the Forbes 400 list of billionaires in September 2012 with a net worth of $1.7 billion; Tudor was number 108 on the same list, with $3.6 billion.
Cristina Raileanu

Province tries to steady natural gas price after spike - Nova Scotia - CBC News - 0 views

www.cbc.ca/...s-natural-gas-price-study.html

natural gas

shared by Cristina Raileanu on 17 Jan 13 - No Cached
  • Energy Minister Charlie Parker said the province wants to diversify its energy sources to include more natural gas, wind, tidal, biomass and hydroelectr
  • The school said it was $400,000 more than they budgeted for.
  • The price dipped again in January. The government said the ultimate goal is to reduce Nova Scotia's dependency on coal and find greener sources of energy to reduce its greenhouse gas emissions by 2030.
Cristina Raileanu

Power generated by wind blows past coal output in Ontario - 0 views

www.ottawacitizen.com/...story.html

power generated wind coal ontario canada consumer commodities resources

shared by Cristina Raileanu on 17 Jan 13 - No Cached
  • three per cent of the province’s electricity in 2012, compared to 2.8 per cent for coal-generated power. A decade ago, coal-burning plants produced a quarter of the province’s electricity output.
  • Over the noon hour last Friday, for example, wind was generating 1,196 MW of power, compared to 710 MW from coal. A new wind-generation record was set Jan. 4, when 1,663 megawatts (MW) of electricity was produced by wind turbines, concentrated in southwestern Ontario.
  • Nuclear power continues to be Ontario’s chief source for electricity, supplying 56.4 per cent of total output last year, followed by hydro at 22.3 per cent, and natural gas at 14.6 per cent, according to the new IESO figures
  • ...3 more annotations...
  • The closures are expected to put more than 350 people out of work, he said.The Power W
  • “Ontario is spending billions on wind turbines and solar panels supported by natural gas generation to the benefit of big multinational corporations,”
  • “Ontario will not likely meet its greenhouse gas targets because of increased dependence on natural gas generation, green job numbers remain elusive and our electricity prices are on the way to becoming among the highest in North America.”
Cristina Raileanu

5 Commodity Stocks Moving On News - Seeking Alpha - 0 views

seekingalpha.com/...ommodity-stocks-moving-on-news

commodity canada

shared by Cristina Raileanu on 17 Jan 13 - No Cached
  • Commodity prices this morning are as follows:Gold: $1668.80/ounce up by $8.20/ounceSilver: $30.77/ounce up by $0.362/ounceOil: $94.17/barrel up by $0.61/barrelRBOB Gas: $2.7461/gallon up by $0.0066/gallonNatural Gas: $3.355/MMbtu up by $0.028/MMbtu
  • This weekend we saw where Carl Icahn has taken a 1.56% stake in Transocean (RIG) and is seeking to gain regulatory approval to purchase a larger stake which would take his holdings to over 5% of the company.
  • Alpha Natural Resources (ANR) did not pop above $10/share and hold and did in fact begin a pullback towards $9.50/share starting last Thursday (the same day we wrote about the crossroads the stock was at - see here).
Cristina Raileanu

Canada Natural Resources Minister 'welcomes' Trans Mountain pipeline expansion - Oil & ... - 0 views

www.ogj.com/...untain-pipeline-expansion.html

canada natural resources oil gas pipeline mountain expansion

shared by Cristina Raileanu on 17 Jan 13 - No Cached
  • We know that 99% of Canada's oil exports are transported to the US, whose need for imported oil will decline sharply in the coming years
  • In British Columbia alone, resource industries support 100,000 direct jobs. They also make up 13% of its economy and account for 80% of its exports.”
  • KMEP last year announced plans to expand Trans Mountain, which extends from Edmonton to Canada’s western coast, to 850,000 b/d from 300,000 b/d by twinning it and adding storage and pump stations
Cristina Raileanu

Ontario close to eliminating coal as electric-power source, a first in North America | ... - 0 views

ca.news.yahoo.com/...er-source-first-231241695.html

canada commodities resources

shared by Cristina Raileanu on 17 Jan 13 - No Cached
  • Word that Ontario is nearing its long-promised goal of eliminating coal-fired power plants has gotten a lot of play outside the province in scientific, environmental and power industry publications.
  • by the end of this year the last two large-scale coal-fired generating plants will close, leaving only a small backup facility in Thunder Bay operating until the end of 2014.
  • "Shutting down the last coal plants in Southern Ontario will significantly reduce greenhouse gas emissions and save the province $95 million,"
  • ...5 more annotations...
  • last year that coal, which a decade ago accounted for a quarter of Ontario's electricity, now generates only 2.8 per cent of the total. It's now exceeded by wind power, which provides three per cent. The shift "demonstrates how far we’ve come in terms of t
  • Nuclear power provides more than half (56.4 per cent) of Ontario's electricity, followed by hydro at 22.3 per cent and natural gas at 14.6 per cent, the electricity agency said.
  • "While there’s little respite from rising electricity prices no matter what the source, with renewable energy at least consumers know what they’re paying for," he wrote.
  • So far, none of the Liberal candidates vying to succeed the departing McGuinty are ready to abandon his green-energy policy.
  • Gerard Kennedy promised to review the Green Energy Act.
faseehthemoonman

Mining industry stakes claim as most powerful economic and social force in Queensland |... - 0 views

www.theaustralian.com.au/...story-e6frg6n6-1226526384303

shared by faseehthemoonman on 01 Dec 12 - No Cached
  • faseehthemoonman on 02 Dec 12
     
    Queensland resources council conducted a study that showed the mineral and energy has once again has increased its economic contribution to the state. resource companies have created 36 billion in gross regional product, due to gas and coal companies. it is a smart decision that auzi started to investing in producing a wide range of commodity resources. since the coal market struck a high. The challenge now is to ensure that there is a strong pipeline of projects across all commodities to sustain and grow the resources.
  • faseehthemoonman on 02 Dec 12
     
    Question Do you think a country like Aus would have more success investing in resources and commodities than Canada?
Brijesh Patel

Commodities rise on budget talks - 0 views

www.businessweek.com/...-on-budget-talks-economic-news

commodities

shared by Brijesh Patel on 02 Dec 12 - No Cached
  • Brijesh Patel on 02 Dec 12
     
    - The price of commodities has been going up and down the past week as negotiations over the U.S budget continues. - Oil rose while natural gas fell. Silver rose 2%, gold raised $10.70, copper gained 6.8 cents, palladium ended up at $12.25 and platinum gained $7.80 - Investors are hoping a new budget is agreed upon so that tax doesn't increase - There is a possibility that the economist believe that U.S could be pushed back into recession if a budget is not agreed upon. - During the second quarter, the economy grew at a faster rate than initially thought by the commerce department. - More Americans starting buying homes due to the job gains and low mortgage rates. The National Association of Realtors said an index measuring pending contracts to buy homes jumped last month.
  • Brijesh Patel on 02 Dec 12
     
    do you think that the new budget will make a difference in the commodities prices ?
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