NGS Energy LP has signed a deal with El Paso Corp. to develop a natural gas storage facility in Pinal County. NGS Energy President Laura Luce stated: The growth in the Arizona market has not received the appropriate response from the natural gas storage industry. For full story, click here
Denbury Resources Inc. declared that it will sell 60 percent of its Barnett Shale natural gas assets for $270 million to privately held Talon Oil & Gas LLC, and announced that it plans to adjust its 2009 production outlook on completing the sale. Chief Executive Gareth Roberts stated: We plan to use these funds to [...]
Natural-gas fuel tanks built with carbon briquettes made from corn cobs may soon be produced in Missouri. For full story, click here
Reliance Industries, Essar Oil and Indian Oil are among the six firms, which have expressed interest in taking on lease the LNG terminal adjacent to the Dabhol power plant, even as the commissioning of the import facility has been put off by six months to October. For full story, click here
Dana Gas, the Middle East’s first private sector regional natural gas company, declared its intention to expand its gas operations and investments in Egypt’s growing natural gas industry. For full story, click here
The government may levy a cess on domestically produced natural gas to fund construction of gas pipeline network. For full story, click here
Indian state-run explorer Oil and Natural Gas Corp plans to commence gas output in a field off India’s east coast by April next year. For full story, click here
Canada’s second-leading natural-gas producer plans to drill 50% fewer gas wells this year than it did last year because of sagging prices. For full story, click here
Natural gas bills are expected to surge about 5 percent for customers of National Grid if the state Public Service Commission approves a $39.4 million rate surge scheduled to be voted upon Thursday. For full story, click here
The South Hook LNG Terminal, which is being formally inaugurated today is reported that it will pump Qatari gas into the national grid and heat homes and business establishments throughout the UK. For full story, click here
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