National Fuel Gas Company declared that its Exploration and Production segment, Seneca Resources Corporation, through its subsidiary, Seneca South Midway LLC, has purchased Ivanhoe Energy’s oil and gas operations for approximately US$40 million. For full story, click here
Shares of GSPL and GAIL are trading higher after the Finance Minister in the Budget proposed to develop a blueprint for long distance gas highway leading to a National Gas Grid. This would facilitate transportation of gas across the length and breadth of the country. For full story, click here
The government of India declared that it may develop a national gas highway network to ensure supply of natural gas across the country. For full story, click here
China National Offshore Oil Corp, parent of CNOOC Ltd, will purchase 3.6 million tonnes of liquefied natural gas per year from BG Group Ltd’s proposed Australian plant from as early as 2014. For full story, click here
Natural gas bills are expected to surge about 5 percent for customers of National Grid if the state Public Service Commission approves a $39.4 million rate surge scheduled to be voted upon Thursday. For full story, click here
China National Petroleum Corp’s proven crude oil and natural gas reserves rose by 740 million tonnes and 416.8 billion cubic meters respectively in 2008. For full story, click here
Brazilian state-run energy giant Petrobras, notified the National Petroleum Agency about the discovery traces of natural gas in two exploration wells. For full story, click here
U.K. natural gas grid operator National Grid PLC declared the Seri Ayu liquefied natural gas ship berthed at its Isle of Grain regassification terminal in Kent. 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
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