15 January 2007

Oil, gas news

1. Refineries planned for East Coast. Bond readers heard this already. They've also heard about the prospects the Irving refinery and gas plant planned for Saint John will make it harder for other refinery proposals, especially for green-field sites. Expansion at Come by Chance is not inherently as risky.

2. Natural gas drilling on downturn. Warmer weather and lower prices blamed.

3. Husky criticizes Alberta infrastructure, earns government rebuke.

4. Venezuela expands petro-influence in Central America. New refinery for Nicaragua; expansion of existing natural gas pipeline under discussion. (from platts.com)

5. Gulf of Mexico grows. Government and majors still wrangling over money but exploration set to expand in American backyard.