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 [...]
Canada’s energy players don’t quite seem to get it. At least, not yet. There is much hand-wringing going on about the depressed state of natural gas prices but nothing is being done. For full story, click here
Russian natural gas firm OAO Gazprom may delay development of the giant Shtokman gas condensate field depending upon market conditions. The announcement was made in a eurobond memorandum. For full story, click here
State-owned CNPC, China’s leading oil and gas company, aims to double its natural gas output in seven years. CNPC, the parent of PetroChina, declared that it has planned to produce 120 billion cubic metres of natural gas by 2015 and 150 billion cubic metres by 2020, which would enable the oil heavyweight to take half [...]
Come August and GAIL will lift gas from ONGC’s marginal C-series field at a market-related price. The field is located 60 km west of Daman in the Tapti-Daman block of Mumbai Offshore. The gas will be priced at $5.5/mBtu. For full story, click here
U.S. Natural Gas Fund, the giant exchange-traded fund that tracks the gas market, was forced to stop issuing new shares on Tuesday after slipping to win regulatory approval in time. For full story, click here
French utility GDF Suez SA declared that it has proposed a number of commitments to European Union regulators designed to boost competition in its home natural gas market. For full story, click here
Brazil’s government managed oil corporation Petrobras declared this week it had commenced refining oil from the Tupi field, located at the pre-salt area of Santos Basin which is Brazil’s great hope for becoming a major player in the world’s hydrocarbons market. For full story, click here
OAO Gazprom declared that it has planned to sell Nigerian Natural Gas on export markets. For full story, click here
The Bombay High Court has asked Reliance to sell gas at a sharply reduced price to an Anil Ambani group firm, Decade’s hottest biz feuds Tycoons with a golden heart may-challenge-decision Mukesh’s street on plushest list causing some uncertainty in India’s nascent natural gas industry, and delivering a sharp blow to the valuations of RIL, [...]
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