The Supreme Court declared that it will give a date on September 1 to expedite the decision pertaining to the Krishna-Godavari basin gas dispute between Mukesh Ambani’s Reliance Industries and Anil’s Ambani’s Reliance Natural Resources. For full story, click here
Just about a year ago, natural gas prices were peaking above $13.50 per 1,000 cubic feet in futures trading on the New York Mercantile Exchange. Today, gas fetches less than $4. For full story, click here
The Senate Energy and Natural Resources Committee declared that it has approved expanded oil and gas leasing today in the eastern Gulf of Mexico in a bipartisan vote that would upend a 2006 compromise with Florida senators that provided their state at least a 125-mile buffer in most areas until mid-2022. For full story, click [...]
Natural-gas distributor AGL Resources Inc. declared that its first-quarter earnings surged 34 percent, driven mainly by $47 million in hedging gains, and maintained its earlier 2009 profit estimate. For full story, click here
AGL Resources Inc. declared its first-quarter net income rose about 30 percent even as revenue declined. John W. Somerhalder II, AGL Resources chairman, president and CEO, stated: We are off to a good start and are on track to meet our goals for 2009. For full story, click here
Niko Resources Ltd. along with their partner Reliance Industries Limited reported that it has signed the Gas Sales and Purchase Agreements with customers in India’s fertilizer sector for supply of natural gas to be produced from the KG-D6 block. For full story, click here
Warren Resources, Inc. declared that it has filed a universal shelf registration statement with the Securities and Exchange Commission to replace its previous shelf registration statement, which expired in December 2008. For full story, click here
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
Scientists say that state of Pennsylvania holds one of the largest untapped natural gas resources in the nation. For more information, click here
Swede Resources AB (publ) will raise gross proceeds of up to SEK 7.1 million (USD 1.0 million / EUR 771,000) in a new share issue to fund investments in Italy and the United States. For full story, click here
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