BHP Billiton (BHP.AX)(BLT.L), world’s largest mining company, is planning to drill for gas in South Africa’s West Coast. This project will pursue once they get their permits by August 2010. David van der Spuy, a resource evaluation manager at Petroleum Agency SA is quoted saying: “BHP Billiton holds the area on sub-lease under the previous [...]
The Petroleum Ministry is understood to have pledged support to state-owned power manufacturing firm National Thermal Power Corporation in its legal fight against Reliance Industries Limited (RIL) to get natural gas from it at a price committed in 2004. For full story, click here
Chevron Corp., the second-leading U.S. oil company, declared that its Wheatstone liquefied natural gas project in Western Australia is one of just “a handful” of LNG ventures proposed for the Asia-Pacific region that will go ahead. For full story, click here
The project to build a gas-to-liquid plant in Uzbekistan has moved into the feasibility stage after petrochemicals group Sasol and its partners in the project yesterday signed a joint venture agreement. For full story, click here
Visiting Chinese Vice Premier Li Keqiang declared that the joint natural gas projects between China and Turkmenistan serve the fundamental and long-term interest of both peoples. For full story, click here
Ghana National Petroleum Corp., the state-run agency which manages the country’s oil and gas industry, declared that it’s seeking investors to help fund a $1 billion natural gas processing plant. For full story, click here
Natural gas transmission and distribution company GAIL India Ltd declared that it has kept Rs 1,000 crore ready to start establishing city gas distribution projects along with its pipeline network. Chairman and managing director U D Choubey stated: We don’t have any shortage of money. For full story, click here
Gas Authority of India Ltd. or GAIL announced that it has acquired 9% equity stake in a petrochemical plant project of ONGC Petro additions Ltd. or OPaL, compared to 19% sought by the company. For full story, click here
Chevron Corporation has disclosed its plans to postpone three major projects in the country, even as it raised cost estimates as much as 103 per cent on some of its biggest new sources of output. The Chief Executive Officer David O’Reilly, stated: Much of our 2009 spending continues to be on large, multiyear projects aimed [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market news The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices. Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it [...]
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