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 [...]
Norwegian oil company StatoilHydro ASA announced that it has found natural gas near its Snoehvit offshore field in the Barents Sea. Geir Richardsen, head of exploration activities in the far north for StatoilHydro, said: It is, of course, promising that we once more have proven gas in the Barents Sea. We need time to make an evaluation [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market news Ouch! Natural gas futures are hovering at six-month lows, in the mid-high US$7 range, on the NYMEX. Down by almost half their values in July, futures contracts reflect a growing conventional wisdom that demand is not going to keep up with American production “rising [...]
Norway’s StatoilHydro wants to treble its stake to 30 per cent in a significant gas block operated by India’s Oil and Natural Gas Corporation (ONGC) in the Krishna-Godavari basin. An ONGC official said: This was unacceptable, as the joint venture agreement allows Statoil to double its stake to 20 per cent and not treble it. However, it [...]
India based Oil and Natural Gas Corporation has received approval from government to partner Petrobras of Brazil and Statoil Hydro of Norway in the gas rich KG-DWN-98/2 block. For more information, click here For more information on ONGC, click here
Get our independent commentary on gas trends and companies delivered to your inbox.
