Flow control and industrial pump manufacturer Flowserve Corp. has established a JV with Germany-based Linde Group to commercialize and deploy natural gas and biogas refueling systems that will support Europe’s increasing number of natural gas vehicles. Dr. Aldo Belloni, a member of Linde AG’s executive board, said: The demand for alternative fuels continues to increase. For full [...]
Read the full article: "Flowserve and Linde Group form a JV"
Friday, August 29, 2008
As natural gas prices jumped last spring, Ontario government officials contacted the province’s gas distributors for assurances about price and supply. In response to these concerns, the province’s two biggest gas distributors offered two words: shale gas. Malini Giridhar, director of energy policy and analysis at Enbridge Gas Distribution, said: The shale production story is certainly [...]
Read the full article: "Natural gas game changed by summer of shale"
Tuesday, August 26, 2008
Natural gas jumped 6% amid speculation that Hurricane Gustav will slash through the Gulf of Mexico next week, paring output from production platforms. Chris Jarvis, president of Caprock Risk Management LLC in Hampton Falls, N.H, said: The question is whether it hits northern Mexico and southern Texas, or does it head for the big production areas” of the [...]
Read the full article: "Natural Gas jumps by 6%"
Tuesday, August 26, 2008
Consumers’ natural gas bills are set to decline next month as Direct Energy’s regulated rates follow the global decline in prices. Lisa Frizzell, director of public relations for Direct Energy,said: Our rates follow the gas market, and there has been more production from the U.S., as well as a slowdown in consumption there because of the economic [...]
Read the full article: "Natural gas bills set to fall sharply next..."
Tuesday, August 26, 2008
ONGC Videsh Ltd (OVL), the wholly-owned subsidiary of India based Oil and Natural Gas Corporation (ONGC), reported that it has bought 15 per cent stake in Imperial Energy and formally launched a negotiated takeover bid for the company at $2.6 billion. OVL Managing Director R S Butola said: The acquisition represents an important addition to OVL’s operations and we [...]
Read the full article: "ONGC’s subsidiary submits bid for..."
Tuesday, August 26, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Market news Ouch! Natural gas futures are hovering at six-month lows, in the mid-high US$7 range, on the NYMEX. Down by almost half their values in July, futures contracts reflect a growing conventional wisdom that demand is not going to keep up with American production “rising [...]
Read the full article: "South Parse: August 26"
Monday, August 25, 2008
Precision Drilling Trust will acquire U.S.-based Grey Wolf Inc in a $2 billion deal to accelerate its U.S. expansion without flooding the market with new rigs. Pritchard Capital Partners analyst Mark Brown said: The deal’s success will ride on a recovery in gas prices, which will drive oil companies to boost spending on plays like Louisiana’s [...]
Read the full article: "Precision bets on natural gas"
Monday, August 25, 2008
Natural gas prices declined to a new six-month low on Monday, raising the chances for a third-consecutive winter of discontent for drilling levels. Duncan Robertson, a managing partner with Calgary-based markets analysts SBM Inc, said: Without a catalyst in the form of extreme weather the leading indicators are all pointing downward. For more information, click here
Read the full article: "Natural gas price dive to six month low"
Monday, August 25, 2008
Norway’s StatoilHydro wants to treble its stake to 30 per cent in a significant gas block operated by India’s Oil and Natural Gas Corporation (ONGC) in the Krishna-Godavari basin. An ONGC official said: This was unacceptable, as the joint venture agreement allows Statoil to double its stake to 20 per cent and not treble it. However, it [...]
Read the full article: "ONGC blocks move of Statoil to treble stake"
Monday, August 25, 2008
As drivers feel the pinch of high gasoline prices, natural gas vehicles are attracting renewed interest both on Capitol Hill and carmakers in Detroit. For full story, click here
Read the full article: "Pump prices revive appeal of Natural Gas"
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Friday, August 29, 2008