IBTimes reported that South Korea has committed to investing in oil, natural gas and rare earth projects to reduce its dependence on energy imports.
Xebec Adsorption Inc. (TSX:XBC) announced it has a purchase order for a Pressure Swing Adsorption system to be installed in India.
Bloomberg reported that US natural gas inventories fell less than usual for this time of year.
Bloomberg reported that Canadian natural gas prices dropped due to mild temperatures and abundant US supply.
Petro-Reef Resources Ltd. (TSXV:PER) announced increases to both production and reserves.
Bloomberg reported that oil and natural gas output for Socar was down over 2010 output.
Bloomberg reported that anticipated record US gas stores kept Canadian natural gas prices stable.
Following a $2.2 billion deal that will see Sinopec acquire Daylight Energy, analysts believe Chinese firms may be poised for a shopping spree in Canada’s natural gas sector.
Gas prices maintain their stubborn streak, but drillers remain active with the US winter heating season set to begin late in Q4.
Bloomberg reported that Canadian natural gas prices decreased on higher inventories.
Thursday, December 22, 2011