Energy Update September 2018 | Summary and Q&A

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October 2, 2018
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Investing News
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Energy Update September 2018

TL;DR

Yui X witnessed successful summer drill program in Canada's uranium capital, while Denison purchased a stake in the wheeler project. ISO Energy CEO highlights Saskatchewan as prime location for uranium mining. Santos sells last Asian asset to focus on production in New Guinea and Australia. Wood Mackenzie report warns of potential natural gas shortages in Australia by 2028. President Trump's call for OPEC nations to boost oil production goes unheeded, leading to increased crude oil prices.

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Questions & Answers

Q: What was one of the biggest uranium stories in September?

One of the biggest uranium stories was Yui X's successful summer drill program in Canada's uranium capital, the Athabasca visa scheduling.

Q: Which Saskatchewan-based explorer made headlines in September?

Denison gained attention by purchasing a 24% interest in the wheeler project, following the closure of the MacArthur project.

Q: How does ISO Energy CEO view Saskatchewan for uranium mining?

ISO Energy CEO, Craig Parry, considers Saskatchewan as one of the best places in the world for uranium mining, citing its exceptional mining opportunities.

Q: What significant development occurred in Santos' operations?

Santos sold its last Asian asset, signaling its focus on production in New Guinea and Australia, and generating $221 million from the sale. They also plan to close productions in Bangladesh and Malaysia.

Q: What did the Wood Mackenzie report warn about Australia's natural gas supply?

The report suggests that without additional supplies or an exploration program for liquefied natural gas, Australia could face major outages by 2028, calling for better management of domestic supply and export.

Q: Did President Trump's call for OPEC nations to increase oil production have an impact?

President Trump's call to boost oil production from OPEC nations was disregarded, resulting in steadily increasing crude oil prices, with WTI crude reaching a six-month high of around $73 and Brent crude at $79.93 per barrel.

Summary & Key Takeaways

  • Yui X had a successful summer drill program in the Athabasca visa scheduling, Canada's uranium capital.

  • Denison acquired a 24% interest in the wheeler project, following the closure of the MacArthur project.

  • ISO Energy CEO praised Saskatchewan as one of the best places to mine uranium.

  • Santos sold its last Asian asset and plans to focus on production in New Guinea and Australia.

  • Wood Mackenzie warns of potential natural gas shortages in Australia by 2028.

  • President Trump's call to OPEC nations to increase oil production was ignored, leading to rising crude oil prices.

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