By Duncan Sutherland- Exclusive to Gas Investing News Company news The headline this week is obviously Shell (NYSE:RDS.A) and the Iraqi government putting ink to paper on a US$4 billion joint venture deal that will see the company collect flareoff from oil production in Southern Iraq’s Al-Basra province. In even better news, Shell opened a [...]
An Iraqi oil official was quoted as saying: Iraq plans to sign a gas deal with Royal Dutch Shell PLC within a year and negotiations to sign the deal will start soon. For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Market news The radical realignment of oil and gas prices after Hurricane Gustav’s relatively tranquil passage through the Gulf of Mexico has been interesting to watch. NYMEX futures showed light crude taking a body blow, while natural gas seemed to largely shrug off the news. Part [...]
Iraq’s Cabinet approved an initial gas agreement between the Oil Ministry and Royal Dutch Shell PLC to invest in a JV to tap natural gas in southern Iraq. A government statement said: The agreement calls for establishing a joint venture between the state-run South Oil Co. and Shell to exploit the fields. For full story, click here
By Duncan Sutherland- Exclusive to Gas Investing News Natural gas futures prices subsided over the past week. Down more than a dollar since the 23rd, it seems likely that a further drop is forthcoming given continuing consumer malaise in the United States. Bloomberg is reporting that “Inventories gained 70 billion cubic feet” in the country [...]
By Duncan Sutherland- Exclusive to Gas Investing News Contracts for August delivery of natural gas slid before the weekend as Tropical Storm Dolly appeared to be dissipating. However, the storm intensified into a hurricane early in the week, spurring precautionary shutdowns of some oil and gas infrastructure in the Gulf of Mexico. Reuters is reporting [...]
Get our independent commentary on gas trends and companies delivered to your inbox.
