State gas utility GAIL India announced that it has won the rights to retail CNG and piped cooking gas in two cities Kota and Dewas in Rajasthan, while its joint venture with Hindustan Petroleum upset Reliance Industries to emerge top contender with another city. For full story, click here
Indraprastha Gas Ltd, which bid for the city gas distribution project in Sonepat and Meerut, India, reported that it has approached the appellate tribunal for electricity against the net worth criterion laid down by the Petroleum and Natural Gas Regulatory Board for the project. For full story, click here
Gazprom has urged the European Union to delve into the causes of January’s gas dispute between Russia and Ukraine that left millions of EU consumers short of gas. Alexander Medvedev, Gazprom’s deputy chairman, said: A transit blackmailer, who blackmails both Russia and Europe at the same time, is not the best possible candidate for EU [...]
Double Eagle Petroleum Co. reported that it has entered into a merger agreement with Petrosearch Energy Corporation. For full story, click here
Niko Resources Ltd. along with their partner Reliance Industries Limited reported that it has signed the Gas Sales and Purchase Agreements with customers in India’s fertilizer sector for supply of natural gas to be produced from the KG-D6 block. For full story, click here
Noble Energy, Inc. declared a natural gas discovery at the Dalit prospect in the Michal license, offshore Israel. For full story, click here
As prices at the gas pump slowly rise, the price of fuel to heat homes and power buildings remains low as the world faces an abundance of natural gas. Tim Rundall, director of gas supply for South Jersey Gas, stated: There are fewer rigs out there. For full story, click here
Reports reveal the discovery of natural gas at a second site off the Israeli coast. For full story, click here
British oil exploration company, Dana Petroleum declared a crucial discovery of natural gas off northern Moroccan coast. For full story, click here
Austrian oil and gas producer OMV reported to have sold its 21.2-per-cent interest in Hungarian counterpart MOL to the Russian firm Surgutneftegas. Vladimir Bodganov, the Russian firm’s general director, stated: The purchase of the interest in MOL will provide a basis for profitable, long-term cooperation and increase energy security in Europe. For full story, click [...]
Tuesday, March 31, 2009