Canadian Natural Gas Potential Gaining Recognition
Canada’s natural gas sector is on the rise; however, for it to achieve its full potential an advancement of its gas transportation structure is needed.
Archive for 2012
Ten-Year Wait for Large-Scale Australian Oil and Gas Production?
Bloomberg reported that obstacles such as a lack of drilling equipment and increased labor and infrastructure costs could mean that Australian shale explorers will not reach large-scale oil and gas production for another ten years.
Dominion Takes Stand Against Sierra Club
Dominion Resources Inc. (NYSE:D) announced that it has filed a lawsuit in response to the Sierra Club’s claim that it has the authority to block Dominion’s plan to build a natural gas liquefaction project at Cove Point.
South Africa May Tap Shale Gas Reserves
Bloomberg reported that South Africa’s Energy Minister is considering allowing the country’s shale gas reserves to be tapped, a process that has been banned in France and Bulgaria.
Uzbekistan to Begin Supplying Gas to China
Reuters reported that this year, once legal issues are settled, Uzbekistan plans to begin pumping gas to China using a pipeline that crosses three Central Asian states. Turkmenistan is currently the only supplier using the pipeline.
Eni Announces Large Mozambique Gas Find
Eni S.p.A. (NYSE:E) announced that it has found a huge amount of natural gas at the Coral 1 exploration prospect, located offshore of Mozambique.
Total Plugs Gas Leak, Sees Rise in Shares
Reuters reported that shares in Total SA (NYSE:TOT) rose more than two percent on the news that the company had plugged a well at its North Sea Elgin platform that had been leaking for seven weeks.
Q1 2012 Sees Production Decrease for Sonde Resources
Sonde Resources Corp. (TSX:SOQ,AMEX:SOQ) announced that its financial and operating results for the first quarter of 2012 include decreased production compared to the previous quarter.
Ukraine to Attempt Escape from Russian Gas Dependence
The Wall Street Journal reported that Ukraine Prime Minister Mykola Azarov said that over the next three years the country plans to increase its natural gas production by up to 20 percent in an attempt to mitigate dependence on Russia.
Total Takes Action on Gas Leaks
Bloomberg reported that yesterday Total SA (NYSE:TOT) stopped a gas leak in Nigeria and this week expects to halt a leak in the North Sea that began on March 25. There is not yet a date for when operations in Nigeria will restart.
