The latest developments underscore a general theme from the subcontinent as it has been looking at other areas to acquire oil and gas assets overseas to meet its growing energy demand. As Asia’s third-largest oil consumer, India has been aggressively scouting for overseas gas and oil assets to meet its supply deficit and is competing with China for fields from Africa to Venezuela.
Continue reading "India Looking to Secure Gas Supplies"
Tuesday, June 1, 2010
Prices are expected to rise, initially pushed higher by increased gas demand for cooling, as Senior Meteorologist Joe Bastardi of AccuWeather.com predicted this summer to be the “hottest summer since 2005 for much of the nation” and later from increased demand in industrial and power generation.
Continue reading "Gas Prices to Increase Slowly"
Monday, August 3, 2009
Oil major BP plans to invest $2 billion over the next 5 years in the oil and gas projects it operates in Algeria. For full story, click here
Continue reading "BP will invest $2 bln in Algeria Over 5 years"
Sunday, March 15, 2009
The Energy and Mineral Resources Minister, Purnomo Yusgiantoro, has sought help from the Oil and Gas Upstream Executing Body, BP Migas, to search new markets for Liquefied Natural Gas in addition to Japan, Taiwan, and Korea. Purnomo Yusgiantoro said: I have asked BP Migas to start promoting this. For full story, click here
Continue reading "BP Migas to explore new markets for LNG"
Wednesday, August 13, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Bloomberg reported that NYMEX natural gas futures have lowered to their lowest in six months. The huge decline in the past month is comprised of multiple factors. First, the increased output and stockpiles have reassured traders of supply security. Second, the commodity drawdown has lured hedging [...]
Continue reading "South Parse: August 13"
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Thursday, July 22, 2010