US Natural Gas Fired Power Consumption Hits Record High
Filed under: Commodities, Energy, Natural Gas, Oil & Gas
Data from the U.S. Department of Energy shows the nation’s energy sector used a record amount of natural gas-fired generation this past February, reports Reuters.
Consumption from natural gas power plants rose 34 percent from a year before in February, as prices lingered at a 10-year low and many utilities began to switch away from coal-fired generation in response to tightening environmental standards.
Through April 10 of this year, the gas-fired power plants consumed an average of 5 billion cubic feet per day more than over the same period last year, Arun Jayaram from Credit Suisse told the news source. Even Southern Company, which traditionally has relied on coal-fired power plants more than most utilities, saw coal fall below natural gas consumption. Read more
Investment Opportunities in UK for 2011-2012
Filed under: Biotech & Pharma, Capital Markets, Commodities, Crude Oil, Financial Services, Healthcare, Industrial Goods, Investment Opportunities, Natural Gas, Real Estate, Recommended, Renewable Energy
Hello Folks, since Jan 2011, we have been researching a few good Investment Opportunities in UK that can be used by investors and entrepreurs in our network – anyone based in the UK or abroad – location does not matter in such investments.
Our focus has been to look at businesses that are net exporters to the world, and have solid assets that will appreciate with time, even if the current economic weakness drags on for 1-2 years more. For some reason, many people in the UK automatically associate investment opportunities with property investments in the UK, but it does not have be like that because by investing in UK property, you are missing out on the growth happening in emerging economies like Brazil, Russia, India and China.
Many UK companies have business interests in these growth economies, and you must profit from them. Given the QE2 and overall positive liquidity in the global capital system, we believe natural resources are present a strong investment opportunity for anyone with 4 to 5 year timeframe.
Within the UK, Internet services, financial services, renewable energy, and pharma/biotech industries also present great investment opportunties that could give 25-50% return on investment in 2011-2012 timeframe. If you are interested to know more, please contact us .
Reliance Industries acquires Marcellus Shale Gas from Carrizo Oil & Gas
Filed under: Commodities, Energy, Natural Gas, Oil & Gas, Technology, Venture Capital & Private Equity
Reliance Industries (RIL) will buy its third shale gas asset in the US for $392 million. RIL will pay $340 million in cash to acquire a 60 per cent stake in the Marcellus shale-gas acreages held by Carrizo Oil and Gas Inc and its partner, and the remainder $52 million would in Carrizo’s drilling cost in the Marcellus shale-gas areas of central and northeast Pennsylvania.
Earlier in 2010, RIL had bought a 40 per cent stake in Atlas Energy Inc’s Marcellus Shale acreage for $1.7 billion. Then in June 2010, it had agreed to buy a 45 per cent stake in Pioneer Natural Resources Co’s Eagle Ford shale natural gas asset in Texas for about $1.36 billion. Read more
Downloads
-
