As natural gas prices in Asia continue to rise, more investors are shifting their attention to coalbed methane, a commodity with characteristics similar to conventional natural gas.
Articles Tagged "Asia"
Woodside Petroleum Ltd.’s purchase of a stake in Israel’s biggest natural gas deposit takes Asia-Pacific oil and gas acquisitions to a record US$99 billion this year, on par with the US for the first time.
Benchmark U.S. crude-oil futures climbed on Friday, rebounding from losses seen in Asia, as the commodity looked to squeak through the month of November with a small gain.
Canada should build oil and gas links to Asia as the government reviews Cnooc Ltd. (883)’s bid for Nexen Inc. (NXY), said Jim Prentice, vice chairman of Canadian Imperial Bank of Commerce and an ex-industry minister. As quoted in market news: Canada is right now aggressively engaged in diversifying its energy markets with an eye to Asia. Saying [...]
Heavyweights BP, ConocoPhillips, ExxonMobil and TransCanada are backing a proposal to export natural gas from Alaska that is likely to add pressure to other projects in the area.
The Wall Street Journal reported that PetroChina Company Ltd. (HKEX:0857) has set aside $15.7 billion for overseas oil and gas investments this year, and is on the hunt for acquisitions in Central Asia, East Africa, Australia and Canada.
The Canadian natural gas market watched with interest as the recent Progress Energy takeover marked the first instance of an Asian investor launching a buyout of a Canadian partner in a gas project.
The Street reported that last year US coal exports were the highest they have been in twenty years due to demand from Europe and Asia.
MarketWatch reported that Asian demand is fuelling a US coal export boom.
CNBC reported stocks in companies in Asia ended mixed on Wednesday.