Leading automobile manufacturers declared that they are developing engines that run on compressed natural gas as the availability of natural gas is expected to double by this year-end. For full story, click here
Prime Minister Manmohan Singh’s government, which won the national election in India this month, may ease curbs on fuel pricing and restore a tax break for gas output. For full story, click here
The government will allocate natural gas from Reliance Industries’ Bay of Bengal KG-D6 fields to companies like Essar Steel if any of the consumers it has currently identified is unable to use the fuel. For full story, click here
As prices at the gas pump slowly rise, the price of fuel to heat homes and power buildings remains low as the world faces an abundance of natural gas. Tim Rundall, director of gas supply for South Jersey Gas, stated: There are fewer rigs out there. For full story, click here
Brazil’s president revealed that a new natural gas terminal will reduce the nation’s dependence on buying the fuel from Bolivia. For full story, click here
Natonal Fuel Gas’ production of crude oil and natural gas was down 1.1 billion cubic feet equivalent from the same quarter in the previous year, a reduction caused by the lingering effects of Hurricane Ike, which occurred in September 2008. For full story, click here
Researched by Industrial Info Resources On February 6, National Fuel Gas Company reported a net loss of $42.7 million for the first quarter of 2009, which ended December 31, 2008. For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Post-Ike news In the wake of Hurricane Ike, a steady flow of updates on production, refining and transportation infrastructure has been forthcoming. Overall, it seems the storm was relatively gentle to energy companies, reserving its wrath for the population centres of the Texas Gulf Coast. Natural [...]
By Duncan Sutherland – Exclusive to Gas Investing News The tropical storm Edouard made landfall near Galveston Tuesday, with wind speeds approaching hurricane status. Prompted by fears of the storm, oil and gas companies in the Gulf evacuated 23 platforms, or “3.2% of the 717 manned platforms” in the region accounting for 7.21% of natural [...]
People heating their homes with natural gas from National Fuel Gas will have to pay 33 percent more towards their heating bills. For full story, click here
Monday, May 25, 2009