Oil and Natural Gas Corporation declared that it would hire a consultant for its plan to enter city gas distribution, keeping in view the high potential of growth. The company also declared it would be looking for a collaboration for the venture. For full story, click here
Oil major BP plans to invest $2 billion over the next 5 years in the oil and gas projects it operates in Algeria. For full story, click here
India’s Oil and Natural Gas has a negative net present value on its investment in Cairn India’s Rajasthan block under the revised field development plan. For full story, click here
Nigeria has selected 15 energy companies to participate in its natural-gas development plan. For full story, click here
The U.S. Commerce Department declared that it opposed a proposed massive floating liquefied natural gas terminal in Long Island Sound. For full story, click here
The N.C. Utilities Commission has approved Piedmont’s $1.28 million conservation plan. For full story, click here
Russian Prime Minister Vladimir Putin has declared a gas plan presented by Ukraine to the European Union to be ill-considered and unprofessional. For full story, click here
The board of directors is proposing a dividend of NOK 7.25 per share. For full story, click here
Novatek could start prospective drilling in Egypt in late 2009 and not in 2010 as previously scheduled, the head of Russia’s largest independent natural gas producer said. Leonid Mikhelson said: We said earlier that we had to start drilling in 2010. But if we receive seismic interpretation data soon enough, we could start drilling at [...]
A pair of oil and gas companies are exploring the possibility of bringing natural gas to Homer. The project is still a couple of years out at the very least. But all signs point to a positive outcome For full story, click here
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