A state board yesterday approved plans to build a natural gas plant in Brockton, but left local officials with the power to veto the plant’s construction by choosing whether to grant the zoning exemptions needed to build the 350-megawatt facility. For full story, click here
Chevron Corp., the second-leading U.S. oil company, declared that its Wheatstone liquefied natural gas project in Western Australia is one of just “a handful” of LNG ventures proposed for the Asia-Pacific region that will go ahead. For full story, click here
The Supreme Court declared that it will give a date on September 1 to expedite the decision pertaining to the Krishna-Godavari basin gas dispute between Mukesh Ambani’s Reliance Industries and Anil’s Ambani’s Reliance Natural Resources. For full story, click here
U.S. natural gas inventories surged 71 billion cubic feet in the week ended July 24, the Energy Information Administration reported Thursday. Analysts at IHS Global Insight had expected a buildup of 72 billion cubic feet. For full story, click here
Oil and gas company Apache Corp. declared its second-quarter profit has plunged 69 percent, but strong production and better prices pushed results beyond Wall Street expectations. For full story, click here
Spanish utility Gas Natural declared that it expects its acquisition of Union Fenosa to generate an extra 200 $283.2 millionof capital expenditure savings. For full story, click here
AGL Resources Inc. declared second quarter net income of $20 million, or $0.26 per basic share, compared with a loss of $11 million for the second quarter of 2008. For full story, click here
Chevron Corporation declared the award of a major front-end engineering and design contract for the first phase of the Wheatstone natural gas development in northwest Australia. For full story, click here
The 8 billion cubic metre Medgaz pipeline will not begin pumping gas from Algeria to Spain until the middle of 2010. For full story, click here
Methanex Corp. declared a $5.7-million loss in its most recent quarter on Tuesday as revenue was cut in less than half by lower sales volumes and lower prices for methanol. For full story, click here
Thursday, July 30, 2009