Reliance Industries Ltd is likely to sign a gas sales and purchase agreement with state-owned power major NTPC to supply gas at the government-mandated price of $4.2 per million metric British thermal unit. For full story, click here
Fortune Oil Plc. declared that its sales of natural gas surged 44 percent in the first quarter from the same period last year, helped by a diverse revenue base, sending its shares up 10 percent. For full story, click here
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 [...]
Pantera Petroleum reported that it has started Commercial Natural Gas Sales From Its Sibley 84 #1 Well in West Texas. Pantera Petroleum’s CEO, Chris Metcalf said: We are very pleased to have successfully brought the Sibley 84 #1 into production at the natural flow rates we are seeing without the added step of acidization. For more [...]
Myanmar’s natural gas sales gained nearly 25 percent to US$2.5 billion in the financial year through March. Ministry of National Planning and Economic Development said: Natural gas sales constituted 40 percent of Myanmar’s total commodities export revenue of US$6.4 billion in 2007-2008, with neighboring Thailand being the primary market. For more information, click here
Saturday, June 27, 2009