Oil and energy companies said that there will be an overage of gas supplies until 2014. There was a decrease in demand for gas due to the financial and economic crisis in 2008 so gas prices have collapsed. Jean-Jacques Mosconi, head of strategy for Total SA (TOTF.PA) is quoted saying: “Gas faces a bubble — especially in [...]
Continue reading "Companies See Two-Tier World Gas Market til 2014"
Monday, May 24, 2010
BHP Billiton (BHP.AX)(BLT.L), world’s largest mining company, is planning to drill for gas in South Africa’s West Coast. This project will pursue once they get their permits by August 2010. David van der Spuy, a resource evaluation manager at Petroleum Agency SA is quoted saying: “BHP Billiton holds the area on sub-lease under the previous legislation and [...]
Continue reading "BHP Billiton to Drill Gas in South Africa"
Friday, February 19, 2010
Western Potash (TSX-V: WPX) announced today that drill hole data from their potash exploration program has returned data suggesting the presence of hydrocarbons. An evaluation by a petroleum geologist suggests two formations are targets for significant natural gas. Patricio Varas, the CEO of WPX is quoted saying: The possibility of [...]
Continue reading "Western Potash Strikes Hydrocarbons"
Tuesday, July 21, 2009
The Indian-operated Farzad field in Iran’s Farsi block is expected to produce about 9.7 trillion cubic feet (TCF) of gas in 30 years. For full story, click here
Continue reading "Iran Farzad Gas Field Output has seen 9.7 TCF"
Thursday, April 30, 2009
A unit of Ashmore Energy International Ltd. has planned to invest $400 million over five years in Peruvian natural-gas distribution and filling stations. For full story, click here
Continue reading "Ashmore’s Gas Unit will invest $400 mln in Peru"
Wednesday, April 29, 2009
The steel industry will be accorded priority in allocation of natural gas from Reliance Industries’ Krishna Godavari basin once fuel output exceeds 40 mmscmd. For full story, click here
Continue reading "KG Basin Gas allocations will boost steel output"
Monday, March 23, 2009
During 2008, Shale gas transaction accounted for more than 35 percent of U.S. deal value, while gas represented more than 70 percent of acquired proven reserves for the third consecutive year. For full story, click here
Continue reading "Shale Gas transaction form a large part of 2008 M&A activity"
Friday, January 30, 2009
Key index pivotals surged in afternoon trade, reversing early losses, led by oil & gas shares. For full story, click here
Continue reading "Oil & gas stocks propel Sensex"
Saturday, January 24, 2009
Gas production saw a marginal dip in December 2008 - the natural gas output fell by 1.6 per cent when compared with the same month of the previous year, according to data released by the Petroleum Ministry in India. For full story, click here
Continue reading "Gas production dips in December 2008"
Tuesday, November 11, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Market news What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches. Barring a major depression of the sort where people make shoelace soup, winter means more demand for natural gas. So, [...]
Continue reading "South Parse: Talking Turkey"
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Wednesday, May 26, 2010