UK-listed oil explorer Imperial Energy said its agreed takeover by ONGC was not at risk because shares owned by collapsed investment bank Lehman Brothers would not be tendered for sale. For full story, click here
Phoenix Technology Income Fund announced that it has entered into an agreement to sell, on a bought deal basis, to a syndicate of underwriters. For full story, click here
After receiving approval for the commercial viability of natural gas production from the Farsi block in Iran, the overseas arm of Oil and Natural Gas Corporation, OVL, has now submitted a feasibility report for the oil discovery it made in the block two years ago. For full story, click here
ONGC Videsh is likely to borrow the equivalent of $ 1 billion in rupees to part-fund the buyout of Imperial Energy. For full story, click here
Imperial Energy, which is in the process of being taken over by ONGC, has not renewed its licence to prospect oil in Kazakhstan. For full story, click here
The government has declined Reliance Petroleum permission to export LPG from its under- construction only-for-exports refinery at Jamnagar in Gujarat, as the nation continues to face deficit in cooking gas production. For full story, click here
State-run Oil and Natural Gas Corp (ONGC) is likely to be exempted from subsidising domestic LPG and kerosene from this month as the steep fall in global crude oil prices has eroded the gains of the company. For full story, click here
Natural gas prices also declined during the first half of October. Natural gas closed at $7.728 per million British thermal units (mmBtu) on Oct. 1 on NYMEX and declined $1.136 – 15 percent – to $6.592 per mmBtu . For full story, click here
Gas at the Waha facility usually goes west,and Houston Ship Channel gas usually goes either north or east. For full story, click here
The gas industry in Texas continues to expand at a brisk pace. The Texas Petro Index, which is a compilation of economic indicators in the oil and gas industry, was 279.6, setting another record. For full story, click here
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