TransGlobe Energy Corporation offered a mid-quarter production and operations update for the first quarter of 2009 and increased production guidance for 2009. For full story, click here
Continue reading "TransGlobe Energy offered mid-quarter update for Q1, 2009"
Friday, March 20, 2009
Canadian oil and natural gas exploration and production company Open Range Energy announced a net income of C$1.07 million for the fourth quarter ended December 31, 2008 when compared to a net loss of C$344,678 for the same period of 2007. For full story, click here
Continue reading "Open Range Energy reported fourth quartile profits"
Friday, March 13, 2009
RAM Energy Resources, Inc. unveiled its fourth quarter and year ended December 31, 2008 earnings and operating results. RAM’s realized price for natural gas liquids also declined 56 percent to $26.32, compared to $59.37 per barrel in the last quarter of 2007. For full story, click here
Continue reading "RAM Energy announced fourth quarter results"
Monday, March 9, 2009
Piedmont Natural Gas’ announced that its first quarter net income fell by 1.7 percent to $80.9 million in comparison with the same period last year. Piedmont Natural Gas Chief Executive Officer Thomas Skains, stated: We are pleased with our operating performance during the first quarter of fiscal 2009, particularly in light of the deepening recession [...]
Continue reading "Piedmont Natural Gas announced its 1st quarter results"
Thursday, March 5, 2009
Oil and natural gas producer Canadian Natural Resources Ltd. announced that its profits for the fourth quarter rose up from last year, boosted by unrealized gains from risk management activities, despite lower revenues, and slip in natural gas pricing. For full story, click here
Continue reading "Canadian Natural Resources Q4 profits rose on unrealized gains"
Tuesday, November 11, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Market news What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches. Barring a major depression of the sort where people make shoelace soup, winter means more demand for [...]
Continue reading "South Parse: Talking Turkey"
Thursday, November 6, 2008
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 [...]
Continue reading "South Parse:Warning signs"
Tuesday, November 4, 2008
The energy industry could slow down its North Sea investment due to falling oil prices and increasing costs, BG Group said as it posted a 140% increase in quarterly operating results. Frank Chapman, chief executive, BG Group, said: It did not make sense to plough ahead with some new projects when service costs were at the top of [...]
Continue reading "BG Group announces 140% up quarterly operating results"
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Sunday, April 12, 2009