By Duncan Sutherland- Exclusive to Gas Investing News Company news The headline this week is obviously Shell (NYSE:RDS.A) and the Iraqi government putting ink to paper on a US$4 billion joint venture deal that will see the company collect flareoff from oil production in Southern Iraq’s Al-Basra province. In even better news, Shell opened a [...]
Read the full article: "South Parse: Interesting times"
Tuesday, September 16, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Post-Ike news In the wake of Hurricane Ike, a steady flow of updates on production, refining and transportation infrastructure has been forthcoming. Overall, it seems the storm was relatively gentle to energy companies, reserving its wrath for the population centres of the Texas Gulf Coast. Natural [...]
Read the full article: "South Parse: Ike updates"
Sunday, September 14, 2008
An Iraqi oil official was quoted as saying: Iraq plans to sign a gas deal with Royal Dutch Shell PLC within a year and negotiations to sign the deal will start soon. For full story, click here
Read the full article: "Iraq plans To Sign Shell Gas Deal Within Year"
Sunday, September 14, 2008
The political crisis in Bolivia led to a 55-percent cut in the country’s natural gas supply to its biggest customer Brazil. Sao Paulo state’s Basic Sanitation and Energy Secretary Dilma Pena said: The industrial sector will face the biggest reduction in gas supplies. For full news, click here
Read the full article: "Bolivia crisis reduces natural gas supply to..."
Sunday, September 14, 2008
Natural-gas futures closed nearly 2% higher Friday on concerns that Hurricane Ike may disrupt energy production for a long period by damaging refining infrastructure in the Gulf of Mexico region. James Williams, an economist at WTRG Economics, said: Hurricane Ike puts about 20% of the U.S. production of crude oil and natural gas in the [...]
Read the full article: "Natural gas rises on storm"
Wednesday, September 10, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Market news The radical realignment of oil and gas prices after Hurricane Gustav’s relatively tranquil passage through the Gulf of Mexico has been interesting to watch. NYMEX futures showed light crude taking a body blow, while natural gas seemed to largely shrug off the news. Part [...]
Read the full article: "South Parse: Focus on Iraq"
Monday, September 8, 2008
Gazprom plans to receive licenses for the development of seven strategic gas fields in Russia by the end of September. For full story, click here For company’s website, click here
Read the full article: "Gazprom to receive 7 natural gas field..."
Monday, September 8, 2008
Iraq’s Cabinet approved an initial gas agreement between the Oil Ministry and Royal Dutch Shell PLC to invest in a JV to tap natural gas in southern Iraq. A government statement said: The agreement calls for establishing a joint venture between the state-run South Oil Co. and Shell to exploit the fields. For full story, click here
Read the full article: "Iraqi Cabinet approves Shell’s gas deal"
Monday, September 8, 2008
ConocoPhillips and Origin Energy reported their plan to create a long-term Australasian natural gas business focused on coal bed methane production and liquefied natural gas processing and sales. Jim Mulva, chairman and CEO of ConocoPhillips, said: With this investment, ConocoPhillips has gained access to the leading coal bed methane resource in Australia, comprising 8.1 million net [...]
Read the full article: "ConocoPhillips, Origin to create natural gas..."
Tuesday, September 2, 2008
Natural gas production from New York wells totaled 54.9 billion cubic feet for 2007, lower than the all-time high of 55.2 bcf in 2006. State Department of Environmental Conservation Commissioner Pete Grannis said: The 2007 production, driven by prolific wells in the Finger Lakes region, was enough to heat nearly 800,000 homes for a year. [...]
Read the full article: "New York natural gas production falls shy of..."
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Thursday, September 25, 2008