CBM Asia achieved a significant milestone this week after it signed a Memorandum of Understanding with PT Navigat for up to 5 Mmscfd of coal-bed methane.
As more natural gas reserves around the globe are discovered, the number of exploration and production companies developing the energy source is increasing.
Natural gas futures slipped 1.7 percent as investors cashed in on earlier gains.
PI Financial sees Western Canada's investment in liquefied natural gas (LNG) lighting the charge on an investment boom in British Columbia.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) closed the first tranche of its private placement for gross proceeds of $255,320. 2,553,200 common shares were issued at a price of $0.10 per share.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) provided a review of its operations in Indonesia, as well as an update on its current financing activities. To date, the Company has successfully drilled and tested a total of eight coalbed methane exploration wells at two Production Sharing Contract (PSC) areas in Indonesia. The Company has also been offered financing facilities of US$25 million and EUR60 million by two private institutions.
CNOOC Ltd. (NYSE:CEO) — the Chinese state-owned company that a year ago acquired Nexen Inc — is now making plans to build a huge liquefied natural gas facility in northern British Columbia, the Vancouver Sun reported.
Zargon Oil & Gas Ltd. (TSX:ZAR, TSX:ZAR.DB) closed an additional $12.0 million of dispositions in two separate transactions since our November 13, 2013 press release. Production from these properties totaled approximately 240 barrels of oil per day and 0.50 million cubic feet of natural gas per day.
The Wall Street Journal reported that natural gas prices have come down following seven-straight days of gains.
Finance Degree Center published an infographic that details how much gas Americans use, as well as how much they pay for it.
The Vancouver Sun reports that British Columbia has double the natural gas reserves than previously estimated, according to a BC government news release.
The Wall Street Journal reported that natural gas futures were up on Monday as predictions of a warm spell for the month of August led to a boost in demand