Schlumberger Ltd. declared its first-quarter earnings dipped about 30 percent as oil and natural gas companies cut back on exploration and drilling due to lower prices and demand. For full story, click here
Leaders from the EU, the Balkans and gas supplier countries meet in Sofia for a two-day gas security summit was overshadowed by a last-minute boycott by Russian President Vladimir Putin. For full story, click here
India’s natural gas output is expected to grow by over 60 per cent in the current fiscal on the back of higher output from Reliance Industries’ eastern offshore KG basin block. For full story, click here
Spanish utility Gas Natural announced that it will save over $521 million in its acquisition of Union Fenosa by paying for the 5 percent it does not already own with shares rather than in cash. For full story, click here
GAIL India Ltd. announced that it is planning to lay a 1,100 km pipeline, primarily to transport gas from Reliance Industries Ltd’s D6 block off the east coast to industries in the central and northern parts of the country. For full story, click here
Tango Energy Inc. declared its audited financial and operating results for the year ended December 31, 2008. For full story, click here
EnCana Corporation declared that it is continuing to deliver strong financial and operating performance in the first quarter of 2009. Randy Eresman, EnCana’s President & Chief Executive Officer, stated: Operational excellence in our portfolio of low-cost, low-risk resource plays helped EnCana achieve cost-effective production across North America. For full story, click here
Toromont Industries Ltd. declared record financial results for the three months ended March 31, 2009. Revenues in the quarter increased 15% and operating income increased 56% versus the comparable period of 2008. For full story, click here
Canext Energy Ltd. declared its operating and financial results for the year ended December 31, 2008. For full story, click here
Natural Gas providers, including those who serve the Nashville area, want the ability to raise rates with less regulatory oversight. For full story, click here
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