Energy Industry Trends Review

46 “UK gas prices drop on milder weather
forecast,” November 23, 2011, Reuters
News, via Factiva, © 2011 Reuters Limited.
47 “RWE breaks free from some expensive
gas contracts,” November 10, 2011, Reuters
News, via Factiva © 2011 Reuters Limited.
48 “Short Term Energy Outlook,” November
8, 2011, US Energy Information Administration,
© EIA.
49 “LNG Surges as Japan Vies With China,
Exxon’s Shipments Grow,” September 19,
2011, Reuters News, via Factiva, © 2011
Reuters Limited.
50 Ibid.
51 Ibid.
52 “Medium Term Oil and Gas Markets
2011, IEA, © OECD/IEA.
53 “UK faces colder-than-normal winter—
National Grid,” October 11, 2011, Reuters
News, via Factiva, © 2011 Reuters Limited.
54 “High EU gas prices at odds with big
supply surplus,” October 21, 2011, Reuters
News, via Factiva, © 2011 Reuters Limited.
55 “Short Term Energy Outlook,” November
8, 2011, U.S. Energy Information Administration,
© EIA.
56 “LNG Surges as Japan Vies With China,
Exxon’s Shipments Grow,” September 19,
2011, Reuters News, via Factiva, © 2011
Reuters Limited.
57 “Europe to order 70 GW of gas plants by
2017,” September 4, 2011, Reuters News,
via Factiva, © 2011 Reuters Limited.
58 “Indonesia to allow private industry to
import gas,” July 18, 2011, Reuters News,
via Factiva, © Thomson Reuters.
59 IEA Oil Market Report, October 12,
2011, © OECD/IEA, http://omrpublic.iea.org/
omrarchive/12oct11full.pdf.
60 Ibid.
61 Ibid.
62 Ibid.
18
18
63 “Global Refining Surplus Could Reach
10 million b/d by 2015, November 8, 2011,
Dow Jones Newswires, via Factiva, © Dow
Jones International News.
64 “ConocoPhillips’ Refining Margins
Impacted as Refineries Have Trouble Keeping
Up with Production,” November 22,
2011, Trefis.com, via Factiva, http://www.
trefis.com/stock/cop/articles/86442/conocophillips-refining-margins-impacted-asrefineries-have-trouble-keeping-up-withproduction/2011-11-22.
65 “EU diesel tax proposal could help
refining sector—OPEC,” November 8, 2011,
Reuters News, via Factiva, © 2011 Reuters
Limited.
66 “Oil, gas sector ripe for picking as
mergers surge; Shale resource plays
contribute to merger & acquisition boom,”
October 21, 2011, Market Watch, © 2011,
MarketWatch, Inc. All Rights Reserved.
67 IHS database, © IHS Herold, Inc.
68 Ibid.
69 Ibid.
70 “Oil, gas sector ripe for picking as
mergers surge; Shale resource plays
contribute to merger & acquisition boom,”
October 21, 2011, Market Watch, © 2011
MarketWatch, Inc. All Rights Reserved.
71 “Deal to Create Pipeline Giant—Shale-
Gas Frenzy Drives Kinder Morgan’s $21.1
Billion Offer for El Paso Corp,” October 17
2011, The Wall Street Journal, via Factiva,
© 2011, Dow Jones & Company, Inc.
72 “US natgas rig count at 22-month low,”
November 23, 2011, Reuters News, © 2011
Reuters Limited, via Factiva.
73 “Pace of US Gulf Drilling Permits Has
Picked Up,” October 4. 2011, Dow Jones
Newswires, via Factiva, © 2011 Dow Jones
& Company, Inc.
74 “Singapore Hot Stocks—Rig builders up
on order hopes,” October 17, 2011, Reuters
News, via Factiva, © 2011 Reuters Limited.
75 “For oil explorers, it pays to buy, not
rent,” September 16, 2011, Reuters News,
via Factiva, © 2011 Reuters Limited.
76 “Oil Majors to report Q3 profit jump,
investor’s eye 2012,” October 21, 2011,
Reuters News, via Factiva, © 2011 Reuters
Limited.
77 “Higher prices help Big Oil profits, but
production slowdowns raise concerns about
supplies,” October 27, 2011, Associated
Press Newswires, via Factiva, © 2011 The
Associated Press. All Rights Reserved.
78 “Petrobras Profit Slides 26 percent on
Currency, Higher Fuel Costs,” November 11,
2011, Reuters Reuters News, via Factiva, ©
2011 Reuters Limited.
79 “Medium Term Oil and Gas Markets
2011, IEA, © OECD/IEA.
80 “Asia 2012 refining profits to fall on
new capacity, cooler demand,” November
2, 2011, Reuters News, via Factiva, © 2011
Reuters Limited.
81 Ibid.
82 “China makes rare diesel imports to
cover domestic shortages,” November 4,
2011, Reuters News, via Factiva, © 2011
Reuters Limited.
83 “Medium Term Oil and Gas Markets
2011, IEA, © OECD/IEA.