Gas Company News Directory

AngloGold Ashanti Signs $140 Million Gas Deal with APA Group reported that AngloGold Ashanti (NYSE:AU) has signed a $140 million infrastructure agreement with APA Group (ASX:APA). The deal will cover a natural gas pipeline to supply AngloGold's remote Tropicana and Sunrise Dam gold mines located in Western Australia.

Shell Suspends Development of Liquefaction Unit, Alberta

The Globe and Mail reported that Shell (NYSE:RDS.A) has halted development operations at the Jumping Pound complex in southern Alberta, Canada. A boom in shale gas has made natural gas prices more competitive, but high development costs remain a challenge, as stated by the Globe.

Teekay LNG Partners Secures Interest in 4 LNG Newbuildings

Teekay LNG Partners L.P. (NYSE:TGP) has acquired ownership interests in four 174,000 cubic meter Tri-Fuel Diesel Electric liquefied natural gas (LNG) carrier newbuildings from BG Group (LSE:BG). The vesels will be constructed by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. in China and are scheduled to deliver between September 2017 and January 2019. Each newbuilding will operate under a 20-year time-charter contract, plus extension options, with Methane Services Limited, a wholly-owned subsidiary of BG.

Operational Updates from BRS Resources

BRS Resources Ltd. (TSXV:BRS) provided a corporate update detailing upcoming operational plans and activities including drilling in the Po Valley, 3D geophysical surveys on its Fantozza permit, and establish operational partner AleAnna's first gas production in Italy.