Hurricane Gustav, crude oil and natural gas
U.S. equity indices are higher in overnight trade. In the pre-opening trade S&P 500 futures are up 12points in response to less than feared damage from Hurricane Gustav. For more information, click here
Archive for September, 2008
Quicksilver Gas Services Increase 2008 Capital Budget
Quicksilver Gas Services LP announced that its board of directors has made a joint decision to approve a raise of approximately $65 million to its 2008 capital budget to further increase and upgrade the company’s gathering and processing network. Thomas Darden, Quicksilver Gas Services president and chief executive officer said: Rapid demand growth for our [...]
British Petroleum buys Arkansas natural gas assets
BP America has decided to aquire a 25 percent stake in Chesapeake Energy Corp.’s Fayetteville Shale assets in Arkansas for $1.9 billion. For more information click here For company information, click here
South Parse: September 2
By Duncan Sutherland – Exclusive to Gas Investing News Market news Natural gas futures fluctuated in response to Hurricane Gustav’s threatening track through the Gulf of Mexico over the weekend. As of Tuesday morning, they were hovering in the mid US$7 range. Thankfully, ‘Gustav’ weakened significantly and did not appear to cause much damage to [...]
Dominion Transmission is planing a $1 billion natural gas project
As Natural gas industry in West Virginia expands, producers want to move more gas across and out of the state. Now, Dominion Transmission is planing a $1 billion project to help get that gas to eastern markets. For full information click here
India’s leading energy explorer ONGC to start producing coalbed methane
India’s leading energy explorer Oil and Natural Gas Corp Ltd.(ONGC) will start producing coalbed methane (CBM) from a block in eastern India from December, the company reported on Monday. ONGC said: it would ramp up production to reach a peak of 400,000 cubic metres of gas per day by 2011, but did not say how [...]
Gas prices increase as Gustav threatens Gulf of Mexico refineries
Retail gas prices increased on Friday the first increase in 43 days, as analysts threatened that a direct hit on U.S. energy infrastructure by Hurricane Gustav could send pump prices hurtling toward $5 a gallon. Jeff Rubin, chief economist at investment bank CIBC World Markets, said that: Any replays of the 2005 storm season could [...]
Natural gas bills are all set to get more costly
SourceGas Distribution LLC reported that Natural gas bills in the region are all set to go up next week. The bill for a typical residential customer will increase between $3 to $12 per month, according to SourceGas Distribution LLC. Dan Watson, president and CEO of SourceGas said: We have been able to operate without increasing [...]
