The comparatively high population density of Europe could mean that shale production will run into local opposition because of the way drilling might disrupt communities, and the way that prohibitions could target the pollution associated with drilling processes.
American Petro-Hunter was founded on January 24, 1994. The Company’s primary focus is developing oil and gas exploration projects in the United States. Their principal project is a new interest in North Oklahoma, historically a region in the United States known for prolific oil production.
Prices are expected to rise, initially pushed higher by increased gas demand for cooling, as Senior Meteorologist Joe Bastardi of AccuWeather.com predicted this summer to be the “hottest summer since 2005 for much of the nation” and later from increased demand in industrial and power generation.
After seeing a decline for over six months, domestic crude oil output surged 4.1 per cent in June against the same month last year. Natural gas production saw a surge of 36.3 per cent during the month. For full story, click here
Natural gas prices moved up by 10% this week especially due to less than expected rise in US natural inventory signalling a dip in output. Prices got support from short covering and fund purchasing at low levels. For full story, click here
RIA Novosti quoted the Energy Ministry of Russia as saying that Russia natural gas output dipped 20.8%YoY in January to June 2008 to 274.275 billion cubic meters while exports declined 54.55% to 45.523 billion cubic meters. Its gas production totaled 36.338 billion cubic meters in June, and 120.698 billion cubic meters in the second quarter, [...]
At least 250 Morbi, Gujarat-based, ceramic manufacturers have formed a consortium to bid for natural gas blocks, when they come up for auction in August, in order to slash their output cost. For full story, click here
PetroQuest Energy Inc., an independent petroleum exploration and production company announced that it has posted a first-quarter loss driven by a hefty write-down related to deteriorating natural gas prices. For full story, click here
The volatility of natural gas prices has caused a major production downturn on Colorado’s Western Slope is exactly why William Schroeder Jr. of the Intermountain Rural Electric Association stated the state’s leading co-op spent $366 million on a new coal-fired power plant. For full story, click here
With straining state budgets and the burden of natural gas exploration on governments and communities, a movement to tax natural gas production in Pennsylvania surged another supporter and more momentum. For full story, click here
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