Integrated oil and gas company Essar Oil Ltd today said it would start selling coal bed methane, or natural gas, extracted from coal seams in West Bengal by the last quarter of the current fiscal (January-March 2009-10).
Gazprom and China National Petreleum Corporation will continue negotiations for pricing, volume, route and duration of gas supply to China. It is expected that the two companies may sign a framework agreement the supply of gas to China.
Mesa Royalty Trust (MTR) offers pure natural gas income with no debt and no hedging, but limited trading liquidity. The practical alternatives for most investors are buy-recommended San Juan Basin Royalty Trust (SJT) and buy-recommended Hugoton Royalty Trust (HGT).
The U.S. consumes about 23 trillion cubic feet (TCF) of natural gas a year, according to the Department of Energy’s Energy Information Agency (EIA). The Potential Gas Committee (PGC), an organization headquartered at the Colorado School of Mines, put the country’s potential natural-gas resources at 1,836 TCF in a biennial assessment released in June.
Natural-gas prices will rise next month for Columbia Gas of Ohio customers, but the rate will be at one of the lowest levels in years.
Columbia customers will pay 56 cents per 100 cubic feet of gas in November, before taxes and fees, up from 49 cents this month, the company said yesterday. But next month’s rate will be...
Oil exploration companies and service provider for the natural gas industry, American Oil & Gas Inc. is preparing the requirements for entry in the list of providers of products and services for oil and natural gas. American Oil & Gas has agreed terms, among others, completing the program Niobrara area of 53,000...
Multinational oil companies, Shell, ChevronTexaco, TotalFinaElf, Agip and Exxon-Mobil intensive lobbying in the National Assembly to delay pengesahaan draft legislation for oil and gas sector. Oil companies fear the possibility of losing a source of oil production that has lasted...
The Energy Information Administration (EIA) projects the monthly “Henry Hub” natural-gas spot price to average $2.32 per thousand cubic feet (Mcf) in October, the lowest monthly average spot price since September 2001, according to the most recent Short-Term Energy Outlook.
