Gas Investing News

South Africa May Tap Shale Gas Reserves

Charlotte McLeod — Thu, 17 May 2012 17:31:41 +0000

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

Charlotte McLeod — Thu, 17 May 2012 17:26:08 +0000

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

Charlotte McLeod — Wed, 16 May 2012 17:17:43 +0000

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

Charlotte McLeod — Wed, 16 May 2012 17:07:49 +0000

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

Charlotte McLeod — Tue, 15 May 2012 17:24:04 +0000

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

Charlotte McLeod — Tue, 15 May 2012 17:15:45 +0000

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

Charlotte McLeod — Mon, 14 May 2012 17:11:04 +0000

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.

Vanguard Reveals Financial Results for Q2 2012

Charlotte McLeod — Mon, 14 May 2012 16:56:09 +0000

Vanguard Energy Corp. (OTCQX:VNGE,OTCBB:VNGE) announced its financial results for the second quarter of its 2012 fiscal year, which ended on March 31.

Bulgaria and Greece to Build Pipeline for $258 Million

Charlotte McLeod — Fri, 11 May 2012 17:04:19 +0000

Bloomberg reported that Bulgaria and Greece are planning to complete construction of a pipeline that will cost $258 million and will connect the countries' natural gas grids by 2015.

Q1 2012 Results for EV Energy Include Production Increase

Charlotte McLeod — Thu, 10 May 2012 17:20:49 +0000

EV Energy Partners (NASDAQ:EVEP) announced that its results for the first quarter of 2012 include a 47 percent increase in production compared to the same quarter last year.