Gas Market News Directory

Australia’s LNG Industry to Contribute AU$55 Billion to GDP by 2020

Mining Weekly reported that Australia's liquefied natural gas (LNG) industry could contribute more than AU$55 billion to the country's GDP by 2020 if it can improve international competitiveness, introduce a more flexible labor regime and remove regulatory constraints. These findings came from a new analysis put together by LNG producer Accenture Plc (NYSE:ACN).

Half of US Fracking Companies Will Be Sold Off or Closed by End of the Year

The Financial Post reported that half of the 41 fracking companies in the US will be dead or sold by the end of the year due to the huge decrease in spending by oil companies, according to an executive with Weatherford International Plc (NYSE:WFT).