India’s natural gas output is expected to grow by over 60 per cent in the current fiscal on the back of higher output from Reliance Industries’ eastern offshore KG basin block. For full story, click here
South African petrochemical firm Sasol has reached a deal with Mozambique to increase natural gas production at the company’s Mozambican facilities by 53 percent, state media reported Thursday. For full story, click here
State-owned Oil and Natural Gas Corporation reported that it has seen its natural gas output rising to an all-time high of 66 million cubic metres a day in 2012-13 as it brings newer fields into productions to offset decline in old ones. For full story, click here
State-owned Oil and Natural Gas Corporation is forecasted to see its natural gas output surging to an all-time high of 66 million cubic meters per day in 2012-13 as it brings newer fields into productions to offset dip in old ones. For full story, click here
Mukesh Ambani’s Reliance Industries is expected to overtake state-owned Oil and Natural Gas Corporation and Oil India to account for over 40 per cent of the country’s natural gas production in the next three years. For full story, click here
Qatar launched its 13.2 billion dollar Qatargas 2 project, with a production capacity of 15 million tonnes of liquefied natural gas per year, most of it destined for Britain. Qatar Energy Minister Abdullah bin Hamad al-Attiyah stated: The project we are inaugurating today costs 13.2 billion dollars. For full story, click here
Production Enhancement Group reported that it has received from its senior lender a notice of default as a result of the Company’s failure to make its March 30, 2009 principle and interest payment. Joseph P. Lahey, PEG’s Chief Executive Officer, stated: The Company was not able to meet the first quarter 2009 principal and interest [...]
U.S. gross natural gas production in January dipped slightly from December levels but was still up 4.5 percent from the same year-ago month. For full story, click here
Reports reveal that the amount of U.S. natural gas in storage did not change last week from the week before, as higher production offset regional consumption. For full story, click here
Industry sources reported that Bahrain plans to triple its production of natural gas and crude oil. Bahrain’s National Oil and Gas Authority has signed an agreement with the U.S. firm Occidental Petroleum and the United Arab Emirate’s Mubadala Corp. for the development of the Bahrain Field. For full story, click here
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