ONGC: India’s new govt. may ease curbs on fuel prices
Prime Minister Manmohan Singh’s government, which won the national election in India this month, may ease curbs on fuel pricing and restore a tax break for gas output. For full story, click here
Archive for May, 2009
Indraprastha Gas dragged oil regulator to court on license issue
Indraprastha Gas Ltd. declared that it has challenged oil regulator PNGRB’s authority to give licences for retailing CNG to automobiles and piped cooking gas to households before the Delhi High Court, saying the Government had not given the regulator explicit powers to do so. For full story, click here
Fortune Oil Q1 Natural Gas Sales surged 44%
Fortune Oil Plc. declared that its sales of natural gas surged 44 percent in the first quarter from the same period last year, helped by a diverse revenue base, sending its shares up 10 percent. For full story, click here
Kurdistan Govt. hailed new natural gas plan
Kurdistan region government revealed that it has hailed the natural gas plan with the value of 8 billion dollars established by a consortium that includes European and Arab companies. The government announced that it will provide big quantities of gas for exports. For full story, click here
United States Natural Gas closed at $16.68
United States Natural Gas Fund, LP closed yesterday at $16.68. So far UNG has hit a 52-week low of $12.69 and 52-week high of $63.89. UNG has been showing support around 15.64 and resistance in the 17.40 range. Technical indicators are Bullish. For full story, click here
National Highway to be built for Gas in Pipeline
The government of India declared that it may develop a national gas highway network to ensure supply of natural gas across the country. For full story, click here
China National Offshore will purchase 3.6 mln tonnes of LNG
China National Offshore Oil Corp, parent of CNOOC Ltd, will purchase 3.6 million tonnes of liquefied natural gas per year from BG Group Ltd’s proposed Australian plant from as early as 2014. For full story, click here
Ghana seeking Investors for $1 bln natural gas project
Ghana National Petroleum Corp., the state-run agency which manages the country’s oil and gas industry, declared that it’s seeking investors to help fund a $1 billion natural gas processing plant. For full story, click here
Insignia Energy declared financial results for Q1, 2009
Insignia Energy Ltd. declared its financial and operating results for the three months ended March 31, 2009. For full story, click here
Orleans Energy declared financial results for Q1, 2009
Orleans Energy Ltd. declared financial and operating results for the first quarter ended March 31, 2009. For full story, click here
