British Columbia has no plans to change its royalty framework as new investment comes into that province from neigbouring Alberta, which will start collecting higher royalties in 2009. For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Market news A mild rebound for hard-hit natural gas futures has developed over the past few days. Like the Dow Jones, oil prices and the Asian market indices, natural gas futures are also in a state of flux. The instability is fairly easy to source: investors [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market news Natural gas futures fluctuated in response to Hurricane Gustav’s threatening track through the Gulf of Mexico over the weekend. As of Tuesday morning, they were hovering in the mid US$7 range. Thankfully, ‘Gustav’ weakened significantly and did not appear to cause much damage to [...]
By Duncan Sutherland – Exclusive to Gas Investing News Natural gas has been hit hard lately, losing approximately 40 per cent of its price in the last one month itself; a number eclipsing even the oil price collapse. A report in the business section of the Globe and Mail has a an in-depth article detailing [...]
India based Reliance Industries has submitted development plan for eight more gas discoveries in its eastern offshore KG-D6 block. Canada’s Niko Resources, which is Reliance’s junior partner in KG-D6, said: The discoveries are adjacent to the Dhirubhai 1 and 3 gas fields that are currently under development. For more information, click here For Reliance’s website, [...]
Texas oilman T. Boone Pickens agred that his plan related to pushing the use of more wind power and natural gas to replace foreign oil is expensive, however, it is still cheaper than importing fuel. For full story, click here
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