United States Natural Gas Fund, LP declared that it closed yesterday at $14.48. 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 14.05 and resistance in the 14.89 range. Technical indicators are Bearish. For full story, click here
Spanish utility Gas Natural has planned to sell a two-part bond consisting of a five-year euro benchmark-size tranche and a 10-year $693 million tranche. For full story, click here
A severed natural gas line near the intersection of Harpst Street and L.K. Wood Boulevard was capped Tuesday morning after Humboldt State University evacuated a nearby apartment complex and partially closed L.K. Wood Boulevard. HSU spokesman Jarad Petroske stated: The university is investigating what caused the actual rupture but we suspect it has something to [...]
The fertiliser industry, which was granted the first right over gas from Reliance Industries’ D6 fields, on Wednesday voiced concern over the Anil Ambani-run RNRL getting the maximum gas allocation after the Bombay High Court order and sought firm assurance on uninterrupted supplies. For full story, click here
Spanish utility Gas Natural has planned a euro-denominated bond issue. For full story, click here
The Arctic Wolf drilling rig left Fairbanks in a slow caravan of tractor-trailers on Tuesday morning, destined for natural gas exploration work in the Nenana Basin. For full story, click here
Russia’s prime minister declared that could not help Ukraine pay for Russian gas deliveries as Kiev signaled it was having difficulties raising funds. For full story, click here
Reliance Industries has signed gas sale agreements with steel makers including Essar Steel and Ispat Industries for supplying 3.75 mmcmd of natural gas from its offshore Krishna Godavari-D6 basin. For full story, click here
Ukrainian Journal quoted Naftogaz Ukrayiny declared Ukraine and the European Union jointly work on a solution to purchase USD 4.2 billion worth of natural gas to fill Ukrainian underground gas tanks to secure steady gas transit to Europe. For full story, click here
After sitting on the matter for years despite repeated pleas from Oil and Natural Gas Corporation and Oil India Limited to hike prices, the Petroleum and Natural Gas Ministry is learnt to have prepared a Cabinet note for a 15-20 per cent hike in natural gas to help the two companies cut losses due to [...]
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