KG Gas row figures in Rajya Sabha
The CPI has welcomed in the Rajya Sabha the government’s stand that an important resource like natural gas from the KG Basin cannot become a subject of private disputes. For full story, click here
Articles Tagged "natural"
US Natural Gas Rig Count has slipped to 6-1/2 year low
The number of rigs drilling for natural gas in the United States slipped 3 to 700 this week, a fresh 6-1/2-year low, according to a report issued Friday by oil services firm Baker Hughes in Houston. For full story, click here
Enagas surged after Gas Natural sold 5 percent
Spanish utility Gas Natural declared that it has sold its 5 percent stake in national gas network operator Enagas, sending shares in the operator up 4.6 percent. Citigroup Global Markets stated: We consider this sale a relief for Enagas as overhang risk is significantly reduced for the company. For full story, click here
Spain’s Gas Natural sees Fenosa integration in September
Spain’s Gas Natural declared that it expects the integration of Spanish utility Union Fenosa to be completed in September. For full story, click here
Gas Natural Q1 has beaten forecasts on strong gas business
Spanish utility Gas Natural’s first-quarter core earnings has beaten analysts’ forecasts on Wednesday as strength from the company’s gas business offset weak Spanish electricity operations. For full story, click here
DOE reported natural gas supplies surged last week
Natural gas storage levels surged in line with expectations last week, well above historical averages with demand weak. For full story, click here
Fenosa swap saved Gas Natural over 450 mln euros
Spanish utility Gas Natural announced that it will save over $521 million in its acquisition of Union Fenosa by paying for the 5 percent it does not already own with shares rather than in cash. For full story, click here
French utility Suez to maintain level of gas natural stake
French utility GDF Suez reported that it will subscribe in full to Gas Natural’s planned capital hike and will avoid diluting the level of its current stake in the Spanish company, of close to 9%. For full story, click here
Gas production dips in December 2008
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
Natural gas shares up as temperatures fall
Natural gas stocks moved well into positive territory at midday in the face of a Northeastern cold snap as investors shrugged off a demand cut from OPEC in the face of a global economic slowdown and other somber economic developments. For full story, clcik here
