Australian Investment in Gas Projects
Shell may spend $50 billion in Australia over the next decade as Europe’s largest oil company continues a shift to gas.
Alberta Gas Fields on Sale
Suncor Energy Inc, Canada's largest energy company, has just announced that it has agreed to a transaction with Direct Energy to sell natural gas assets for about $358.5 million. The deal comes as part of Suncor’s strategic business alignment and ongoing plans to divest of a number of non-core assets totaling $2.8 billion.
India Looking to Secure Gas Supplies
The latest developments underscore a general theme from the subcontinent as it has been looking at other areas to acquire oil and gas assets overseas to meet its growing energy demand. As Asia’s third-largest oil consumer, India has been aggressively scouting for overseas gas and oil assets to meet its supply deficit and is competing with China for fields from Africa...
Gas Price Levers Driven by Investor, Environmental and Weather Concerns
Moving away from more traditional supply and demand side fundamentals, gas prices and the costs of production may increasingly be leveraged by oversight, share holder accountability, and seasonal meteorology.
Oil and Gas: A Top 5 Resource Pick
With all of the attention to the petrochemicals industry currently, a recent survey conducted by Resources Investing News has highlighted both oil and natural gas sectors as areas of high interest for investors.
Tullow Oil and Africa Oil to Jointly Explore New East African Rift Trend
Africa Oil Corp. (CVE:AOI) reported that it has signed a definitive farmout agreement with Tullow Oil plc whereby Tullow will acquire a 50% interest in, and operatorship of, three of Africa Oil’s east African exploration blocks, comprised of two exploration blocks in Kenya and one exploration block in Ethiopia.
Husky Energy Acquires Foothills Natural Gas Properties
Husky Energy (TSE:HSE) announced that a purchase agreement has been signed to acquire natural gas properties in west central Alberta, which will significantly add to the Company’s production and reserves and extend the optimum utilization of its Ram River Gas Plant.
BC’s $98M August Nat Gas and Oil Sale
Theenergyreport.com reported BC’s $98M August Nat Gas and Oil Sale:
Bengal Energy Announces Equity Financing of Up to $12.0 Million and the Appointment of Two New Directors
Bengal Energy Ltd. (TSE:BNG) announced that it has filed a preliminary short form prospectus with respect to a marketed public offering of up to 12.0 million common shares of Bengal at a price of $1.00 per Common Share for aggregate gross proceeds of up to $12.0 million, in each of the provinces of Canada, other than Quebec.
Hemisphere Energy Corporation Closes Private Placement Over One Million Dollars
Hemisphere Energy Corporation (CVE:HME) reports that it has closed its private placement announced July 7, 2010. The private placement consisted of five million and ten thousand units at a price of 20 cents per unit, for proceeds of $1,002,000. For complete news release, click here. For Hemisphere Energy’s company website, click here.
China’s Shale Gas Goals
Theenergyreport.com reported on China’s Shale Gas Goals:
Strategic Oil & Gas Ltd. Announces Results of AGM and Appointment of Directors
Strategic Oil & Gas Ltd. (CVE:SOG) announced the results of its annual and special meeting of common shareholders held on August 23, 2010.
Spartan Exploration Ltd. Announces Increase to Bought Deal Financing
Spartan Exploration Ltd. (TSE:SPE) announced that due to excess demand it has increased its previously announced bought deal financing detailed in its press release issued earlier this morning with a syndicate of underwriters co-led by Clarus Securities Inc. and GMP Securities L.P., and including Mackie Research Capital Corporation and Stonecap Securities Inc. pursuant to which the underwriters will now purchase, on a “bought deal” basis, 5,263,000 common shares of Spartan at an issue price of $2.85 per Common Share for gross proceeds to Spartan of approximately $15.0 million.
Natural Gas Daily Technical Outlook
Ibtimes reported on Natural Gas Daily Technical Outlook:
Traverse Energy Announces 2010 Second Quarter Results
Traverse Energy Ltd.(CVE:TVL) presented financial and operating results for the six months ended June 30, 2010.
Asides 
For upcoming gas investing trade shows, see the following links: World Junior Oil and Gas Congress
The Gas Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
GasInvestingNews.com maintains a focus on Gas exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Thursday, August 26, 2010