Gas industry
Pakistan plans to raise up to $2 billion from holdings in its largest banks and energy companies, as well as from Oil & Gas Development Co. exchangeable bonds, according to Privatisation Minister Naveed Qamar. The move is aimed at reducing the country's budget deficit, which is forecast to
Gas industry
Anadarko Petroleum Corporation has announced its 2011 capital program and guidance, setting a target for increasing sales volumes to a range of 244 to 248 million BOE (barrels of oil equivalent) and achieving a reserve-replacement ratio of more than 150 percent. The company plans to allocate approximately 15 percent of
Petroleum industry
The upcoming week is expected to be pivotal for the stock market, with several high-profile earnings announcements and significant economic data releases. The major focus will be on companies such as Medco Health Solutions, Barnes & Noble, Home Depot, and Wal-Mart Stores, among others. Additionally, the case-Shiller Home Price Index
Petroleum industry
India's oil ministry expressed concerns over Vedanta Resources Plc's proposed acquisition of Cairn India Ltd, a deal worth $9.6 billion, citing regulatory hurdles and a royalty payment dispute between state-owned Oil and Natural Gas Corp. Ltd (ONGC) and Cairn India. The cabinet committee on economic
Gas industry
A major gas discovery has been announced in Mozambique's offshore Rovuma Basin, with the Tubarao exploration well encountering more than 34 net meters of natural gas pay and no water in a high-quality Eocene-age reservoir. The well was drilled to a total depth of approximately 4237 meters in
Gas industry
China is set to import natural gas from Uzbekistan for the first time this year, as Beijing seeks to reduce its reliance on Russian gas and diversify its energy sources. The move comes as Uzbekistan seeks to offset declining revenues from its main export commodity due to falling demand. The
Gas industry
China will start importing natural gas from Uzbekistan in 2011 as part of its efforts to diversify its energy sources and pressure Russia's Gazprom. Uzbekistan, the second-largest natural gas producer in Central Asia, hopes to offset declining revenue from gas exports due to falling demand during the crisis
Gas industry
Russian stocks experienced a decline on Monday, with the MICEX index closing down 0.73% to 1,663.55 points and the RTS decreasing by 0.29% to 1,764.39 points. The decline was attributed to China's decision to raise interest rates, affecting various sectors, including energy
Gas industry
Trading of shares in the Russian Trading System (RTS) on 27 December 2010 revealed a diverse array of stock prices and activity levels. The data presented provides a snapshot of the market at 12:00 MSK, highlighting the highest and lowest prices, as well as the average prices for each
Gas industry
Bayer, a global chemical and pharmaceutical company, is considering expanding its ethylene production facility in West Virginia by renting or selling land adjacent to its existing sites in the region. The company is investigating the possibility of utilizing Marcellus shale-gas resources, which could provide a significant source of raw materials
Gas industry
The discovery of the Sarikamysh natural-gas field in Tajikistan, announced by Gazprom's head Aleksei Miller, has sent a wave of optimism through the Central Asian country's government and citizens. With an estimated 60 billion cubic meters of gas, the field has the potential to reverse Tajikistan&
Gas industry
Magnum Hunter Resources Corporation has announced a significant expansion of its operations with the purchase of a new 200 MMcf per day capacity cryogenic natural gas processing plant. This plant will treat and process natural gas liquids transported on the Company's Eureka Hunter Pipeline System located in Northwestern
