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
Continue reading "China National Offshore will purchase 3.6 mln tonnes of LNG"
Thursday, March 5, 2009
Consultancy RPS falls on the belief that planners will go ahead with gas storage developments before a new system takes in. The firm has submitted an application for a £300 million expansion of its offshore natural gas storage facility in the Irish Sea on behalf of Centrica. RPS director Geoff Bullock said: While clear national [...]
Continue reading "RPS submits natural gas plan before system shifts"
Sunday, February 22, 2009
As per a new study, Oil and natural gas development in newly opened offshore areas will result in $1.7 trillion in federal tax revenue and around $600 million in state and local taxes throughout the life span of the new fields. For full story, click here
Continue reading "New offshore energy to increase US govt revenue"
Thursday, November 13, 2008
The federal government said that it is going forward with a process to begin allowing oil and gas exploration off the Virginia coast. For full story, click here
Continue reading "Natural Gas Exploration Moves Forward Off Virginia Coast"
Friday, October 31, 2008
Norwegian oil company StatoilHydro ASA announced that it has found natural gas near its Snoehvit offshore field in the Barents Sea. Geir Richardsen, head of exploration activities in the far north for StatoilHydro, said: It is, of course, promising that we once more have proven gas in the Barents Sea. We need time to make an evaluation [...]
Continue reading "StatoilHydro finds gas in Barents Sea"
Tuesday, October 7, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Market News: The American Energy Information Administration (the U.S. Government’s register of official energy statistic) is still forecasting an increase in home heating costs over the winter. The EIA did note that its figures were subject to change as new information about the extent of the [...]
Continue reading "South Parse: CNG is what I see"
Wednesday, August 13, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Bloomberg reported that NYMEX natural gas futures have lowered to their lowest in six months. The huge decline in the past month is comprised of multiple factors. First, the increased output and stockpiles have reassured traders of supply security. Second, the commodity drawdown has lured hedging [...]
Continue reading "South Parse: August 13"
Friday, August 1, 2008
India’s Oil & Natural Gas Corp. (ONGC) plans to establish an integrated offshore supply base and onshore terminal on India’s east coast to speed up production from the Krishna-Godavari (KG) basin. For full story, click here
Continue reading "ONGC to set up offshore supply base"
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Friday, May 15, 2009