Gas to Fuel Middle Eastern Power Sector for 20 Years

Source: SteelGuru (5/23/11)

"Natural gas will remain the dominant fuel choice for the power sector."

SteelGuru

Trade Arabia reported that natural gas will remain the dominant fuel choice for the power sector in the Middle East over the next two decades.

At the same time, high oil prices will likely be detrimental to oil fired generation. The share of the oil fired generation in the electricity mix is projected to decline from 36% in 2008 to 13% by 2035, according to the report 'Empowering Ideas 2011: A Look at Ten of the Emerging Issues in the Power and Utilities Sector' from Deloitte Touche Tohmatsu Limited.

Mr. Peter Bommel DTTL Global Industry Leader for Energy and Resources said that "The impact of the events in Japan on the nuclear industry will be both profound and long lasting. As the demand for energy continues to increase, energy companies will face formidable challenges in balancing safety concerns with energy demands."

Now in its second year, the report offers insights into issues and trends in the coming year and identifies opportunities and challenges. The report includes the prediction that governments, utilities and consumers will increasingly tap into energy efficiency and demand side management programs in order to address these challenges globally and in the Middle East.

Mr. McKellar partner and Middle East energy and resources leader at Deloitte Middle East said that "Although the region has weathered the recent economic crisis better than most due to its growing population, the Middle East will require significant investment in generating capacity and networks to produce the required energy for business and domestic users."

Option Partner to Continue Operations at Energy Firm's Texas Oil & Gas Project
Source: Streetwise Reports (01/23/2021)

The efforts will meet Torchlight Energy Resources' development requirements at Hazel.

Target Price Raised on Energy Firm Making 'Transformative Acquisition'
Source: Streetwise Reports (01/06/2021)

The terms and benefits of Earthstone Energy's purchase of an oil and gas company, an "eye-catching act of deal making," are presented in a ROTH Capital Partners report.

Energy Firm to Combine with Materials, Nanocomposites Company
Source: Streetwise Reports (12/16/2020)

Torchlight Energy Resources sees the transaction providing its shareholders "access to the multibillion-dollar markets that Metamaterial serves."

Oil & Gas Producer Reports on Thailand Operations
Source: Streetwise Reports (12/02/2020)

Pan Orient Energy Corp. reports on continuing drill operations in Thailand.

Energy Company Boosts Thailand Oil Production, Offers 'Low Risk Production Growth'
Source: Streetwise Reports (11/19/2020)

The highlights of Pan Orient Energy's third quarter are presented in a Mackie Research Capital Corp. report.

Texas Oil & Gas Firm to Sell Its Stake in Delaware Basin Project
Source: Streetwise Reports (11/18/2020)

For its interest, Torchlight Energy Resources is to receive $350,000.

Oil & Gas Firm Reports Q3 Operational, Financial Results
Source: Streetwise Reports (11/16/2020)

Pan Orient Energy and its joint venture partner continue producing and selling oil from its L53 Concession in Thailand, which are funding ongoing exploration work there.

Texas Oil & Gas Explorer Completes Fracking of Midland Basin Well
Source: Streetwise Reports (11/11/2020)

The next step for Torchlight Energy's well at Hazel is flowback, which is to start next week.

Altus Midstream Shares Flow Higher on Q3 Earnings and Plans for $1.50/Share Dividend in Q1/21
Source: Streetwise Reports (11/05/2020)

Shares of Altus Midstream Co. traded 170% higher after the firm reported Q3/20 financial results and announced plans to pay a quarterly dividend of $1.50 per share beginning in March 2021.