50% cheaper LNG may save $750mn in Fiscal 2010
Global prices of natural gas which is rising replacing liquid fuel, dipped by more than 50% over the last six months, leading to huge foreign exchange savings on imports. For full story, click...
View ArticleNatural Gas supply is surging but demand is low
As prices at the gas pump slowly rise, the price of fuel to heat homes and power buildings remains low as the world faces an abundance of natural gas. Tim Rundall, director of gas supply for South...
View ArticleGovernment launched biggest auction of oil and gas exploration
The Government reported that it has launched the biggest auction of oil & gas exploration blocks even as global energy producers cut investments in the face of slipping prices and the worst...
View ArticleShares of Dynergy dip on weak natural gas prices
Shares of Dynegy Inc. dipped on Monday, as an analyst reported the power producer faces profit pressure from continued weak natural gas prices and lowered his rating on the company. For full story,...
View ArticleChevron Corp. Q1 profit dips 64% as oil prices fell
Chevron Corp. declared that first-quarter profit slipped 64 percent as it, along with competitors, was stung by lower oil and natural gas prices. For full story, click hereContinue reading...
View ArticlePetroQuest Energy posted Q1 loss
PetroQuest Energy Inc., an independent petroleum exploration and production company announced that it has posted a first-quarter loss driven by a hefty write-down related to deteriorating natural gas...
View ArticleIndian Govt. has considered deregulating petrol and diesel prices
Government declared that it will consider deregulating petrol and diesel prices as also raising rates of natural gas sold by state firms. For full story, click hereContinue reading...
View ArticleTotal U.S Natural Gas Consumption forecasted slip of 2.2% in ’09
The U.S. Energy Information Administration has expected natural gas prices to remain below $4 a thousand cubic feet until late this year amid robust supplies and weaker demand resulting from the...
View ArticleNatural Gas Price may increase by 15-20%
After sitting on the matter for years despite repeated pleas from Oil and Natural Gas Corporation and Oil India Limited to hike prices, the Petroleum and Natural Gas Ministry is learnt to have prepared...
View ArticleNatural Gas Futures Fall on Mild Weather, High Production
Reuters reported that near-record levels of production coupled with forecasts for mild US weather for the next two weeks brought natural gas futures down for the third day in a row.Continue reading...
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