Tag: natural gas plants
Royal Dutch Shell Arrow Bid May Spur Australian Coal-Bed Gas Takeovers
Mar/11/2010 | Under : Crude Oil, Natural Gas, Oil and Gas Drilling, Petroleum
Royal Dutch Shell Plc and PetroChina Co.’s A$3.3 billion ($3 billion) bid for Arrow Energy Ltd. may spur more takeovers of Australian producers of coal-bed gas, a growing source of supply for Asian energy importers.
Eastern Star Gas Ltd., a coal-seam gas developer in the Australian state of New South Wales, climbed almost 13 percent to 81 cents in Sydney yesterday after Arrow reported the bid. Bow Energy Ltd. rose 28 percent. Santos Ltd., Australia’s third- largest oil and gas producer, is another potential target, said David Wall, an analyst at Hartleys Ltd. in Perth.
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Shell’s Arrow Bid May Spur Australian Coal-Bed Gas Takeovers
Mar/09/2010 | Under : Crude Oil, Energy, Oil and Gas Drilling, Petroleum
Royal Dutch Shell Plc and PetroChina Co.’s A$3.3 billion ($3 billion) bid for Arrow Energy Ltd. may spur more takeovers of Australian producers of coal-bed gas, a growing source of supply for Asian energy importers.
Eastern Star Gas Ltd., a coal-seam gas developer in the Australian state of New South Wales, climbed almost 13 percent to 81 cents in Sydney yesterday after Arrow reported the bid. (continue reading…)