Archive for April, 2009

Steel Companies to get a share of KG Gas

The government announced that it has planned to allot natural gas from Reliance Industries’s Krishna Godavari basin to steel companies affected by the shortage of the commodity. For full story, click here

GAIL India has kept Rs 1,000 crore for city gas networks

Natural gas transmission and distribution company GAIL India Ltd declared that it has kept Rs 1,000 crore ready to start establishing city gas distribution projects along with its pipeline network. Chairman and managing director U D Choubey stated: We don’t have any shortage of money. For full story, click here

Pumping up natural gas for low-priced power

In an energy-packed punch charged with natural gas, the city seems to have discovered a way of consolidating its would lead to lesser overdraws and cheaper supply. Finance secretary Sanjay Kumar stated: Right now, they’re focussing on the demand in Delhi. For full story, click here

A policy push to gas sector is needed

India’s natural gas market is set to change dramatically over the next few months. But what remains to be seen is whether the projected exponential growth actually materialises or the market is stymied even before it takes off. For full story, click here

Unbridled Year End Results

Unbridled Energy (CVE:UNE) today provided updated results for the year ending December, 2008. The company reported a 1,500% gain in revenue over the same period in 2007. Joseph Frantz Jr., UNE’s President and CEO is quoted as saying: The new wells on our Chautauqua Lake acreage have significantly increased our revenue stream… We previously announced [...]