Petroleum industry
The Indian government can potentially save up to Rs 5,000 crore (approximately $1.048 billion) in fertilizer subsidy if natural gas from Reliance Industries' (RIL) fields is priced at US$2.34 per million British thermal units (mmBtu), a top executive of the Anil Ambani Group said. This
Petroleum industry
A consortium of ONGC Videsh Ltd, Indian Oil Corp (IOC), and Oil India Ltd (OIL) has submitted a development plan to Iranian authorities for the Farzad gas field, which they discovered in the Farsi block in 2002. The proposed investment of around $5 billion is expected to bring the massive
Petroleum industry
An online community, WallStSense.com, offers free research on six North American equities, including Baxter International Inc., Teradata Corporation, Capital One Financial Corp., Goodrich Petroleum Corp., Key Energy Services Inc., and Metalico Inc. The research is provided by a dedicated team of analysts and covers various areas such as company
Petroleum industry
Environment Minister Peter Garrett's personal affection for Western Australia's Kimberley region is seen as a potential conflict of interest in the proposed multi-billion-dollar gas project, says Liberal senator Mathias Cormann. The region is home to a valuable gas field, and the Australian government is considering a
Petroleum industry
The Sri Lankan government has decided to remove a new tax on liquid petroleum gas (LPG) in response to protests from ceramic exporters, who claimed that the tax would drive them out of business due to sharply increased energy costs. The tax, which was initially imposed in December 2008, had
Gas industry
A fragile agreement has been reached between Ukraine and Russia to resume supplies of Russian natural gas to Europe, ending a bitter dispute that has left tens of thousands of households in eastern and southeastern Europe without gas for heating and cooking. The EU and both countries have stated that
Gas industry
A potential deal to restore natural gas supplies from Russia to Europe via Ukraine has collapsed due to Moscow's rejection of amendments made by Kiev, sparking a new wave of diplomatic activity. Russian President Dmitry Medvedev appealed to EU leaders to influence Ukraine to withdraw the added terms,
Gas industry
As Russia's standoff with Ukraine over natural gas prices continues, several European countries have reported a sudden decrease in gas supplies, prompting concerns of a winter energy crisis. Russia's state-owned gas giant Gazprom has accused Ukraine of stealing gas destined for European markets, and has begun
Gas industry
A high-stakes dispute over natural-gas prices between Russia and Ukraine has descended into counterclaims and legal threats, with six European countries downstream reporting slight supply disruptions. Russia's OAO Gazprom halted deliveries to Ukraine on January 1 after talks to negotiate a new supply contract broke down, citing a
Gas industry
Russian stocks slumped on the final trading session of 2008, following a decline in oil prices. The blue chips were heavily influenced by the dip in oil prices, with few buyers on the market. The RTS and MICEX indices both registered significant declines, with the RTS index dropping 0.07%
Gas industry
The Russian stock market declined on Tuesday on light volume, with major stocks shedding 0.3-1.8% as oil prices weakened. Despite gains on European exchanges and in US futures, investors remained cautious, awaiting share purchases from Vnesheconombank (VEB). The MICEX index dropped 1.21% to 606.37 points, and
Gas industry
Falcon Natural Gas Corp., in partnership with WhitMar Exploration Company, has successfully launched the production of natural gas from the first well in their planned drilling project in Latimer County, Oklahoma. The well achieved a total depth of 13,270 ft and has yielded multiple producing zones. As of December
