Gas industry
Asian markets surged Monday as the Chinese yuan, known as the renminbi, rose to its highest value against the dollar in 20 months, driven by the People's Bank of China's decision to allow limited flexibility in its currency. The move has sent a positive signal to
Gas industry
Enterprise Products Partners L.P. (NYSE:EPD) and its affiliate, Duncan Energy Partners L.P. (NYSE:DEP), have made significant announcements regarding the expansion of their midstream energy infrastructure. The company will increase the capacity of its Acadian Gas pipeline by 200 million cubic feet per day, while also expanding
Gas industry
The Petroleum & Natural Gas Regulatory Board (PNGRB) has approved a distance-based tariff for the transportation of natural gas through two main trunk pipelines, operated by state-run GAIL India. The tariffs, which apply to the Hazira-Vijaipur-Jagdishpur (HVJ) and Dahej Vijaipur pipelines, vary by distance zone, with GAIL charging different rates
Gas industry
Enterprise Products Partners L.P. is expanding its network of crude oil and natural gas assets in South Texas through a letter of intent (LOI) with a major Eagle Ford Shale producer. The partnership will construct a 140-mile crude oil pipeline connecting Karnes County, Texas to its existing crude oil
Gas industry
Beijing is bracing for a challenging second half of the year as China's top price regulator, the National Development and Reform Commission (NDRC), has announced a 24.9% hike in domestic onshore natural gas prices. This move is expected to further erode profit margins for chemical producers, particularly
Gas industry
China's Vice-Minister of National Development and Reform Commission, Xie Zhenhua, announced that the country is likely to raise natural gas prices by 10-20 percent during the third quarter. The price hike will be implemented gradually across different regions, taking into account the financial capacity of residents. This move
Gas industry
China's trial launch of a resources tax in Xinjiang province, a major gas-producing region, is expected to put pressure on the government to introduce natural gas pricing reform. The tax, which has a rate of 5% on ad valorem, may force PetroChina, the largest gas producer in Xinjiang,
Gas industry
Enterprise Products Partners L.P. is expanding its network of crude oil and natural gas assets in South Texas through a letter of intent (LOI) with a major Eagle Ford Shale producer. The partnership will construct a 140-mile crude oil pipeline originating in Karnes County, Texas, and connecting to its
Gas industry
UIL Holdings, the holding company for electric distribution company United Illuminating Co., has announced its intention to acquire three natural gas companies in the Northeast for $885 million. The acquisition, which is expected to close by early next year, will create an energy delivery company serving approximately 694,000 customers.
Gas industry
The Indian government has more than doubled the price of natural gas produced by Oil and Natural Gas Corp and Oil India Ltd to $4.2 per unit (Rs 189 per unit), effective immediately. This decision affects the rates at which power and fertiliser firms purchase gas from the state-owned
Gas industry
SandRidge Energy, Inc. is a leading oil and gas exploration and production company operating in the west Texas, east Texas, and Gulf Coast regions of the United States. The company engages in natural gas and oil exploration, development, and production, as well as operates natural gas gathering and treating facilities,
Gas industry
Clean Energy Fuels Corp., a leading provider of natural gas (CNG and LNG) for transportation in North America, has announced its support for the American Power Act introduced by U.S. Senators John Kerry and Joseph Lieberman. A major provision of the proposed legislation would double the current federal tax
