Natural gas
Pakistan is facing a severe gas shortage, with state-owned Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) announcing a gas load management plan to deal with the crisis. The shortage is attributed to a delay in the arrival of a ship carrying liquefied natural gas
Natural gas
Energy majors, including Chevron, ExxonMobil, JERA, JGC, Mitsubishi Heavy Industries, Santos and SK E&S, are joining forces to reduce carbon emissions in Asia by promoting natural gas. The Asia Natural Gas and Energy Association (ANGEA) aims to advise governments on energy policies and solutions, including renewables and energy
Natural gas
Researchers from the National University of Singapore have discovered a new method for efficient storage and transportation of lean natural gas or biogas using hydrate-based technology. The study, published in the journal Energy & Fuels, demonstrates that adding carbon dioxide to a methane-tetrahydrofuran system can facilitate hydrate formation at ambient
Natural gas
Oil prices reached a three-year high yesterday due to mounting expectations of a gas crisis spilling over into other commodities, coupled with economic recovery boosting demand. Brent crude oil prices rose for a fifth consecutive day, increasing by 1.4% to $79.22 a barrel. This rally is attributed to
Petroleum industry
Energy stocks saw a boost on Friday, February 20, 2015, as three major indices traded lower. The Dow Jones Industrial Average (^DJI) was up 11 points (0.1%) at 17,997, despite the NYSE advances/declines ratio sitting at 1,566 issues advancing vs. 1,413 declining with 145 unchanged.
Petroleum industry
Russian stocks experienced a correction lower on Monday as a ceasefire in Ukraine led to profit-taking, despite some corporate news driven gains. The MICEX stock index fell 2% to 1,800.59 points, while the RTS fell 1.8% to 897.35. Amidst the declines, Sistema and Raspadskaya managed to
Petroleum industry
Lukoil, Russia's second-largest oil producer, is proposing its Caspian Sea projects for testing the new tax on addition income, while Gazprom Neft is suggesting its joint project with TNK-BP, Messoyakha, as a testing ground for the tax regime. The proposal was made by senior executives from the two
Petroleum industry
As the financial markets in Russia came to a close on October 17, 2011, the trading activity in the RTS (standard) at 16:00 MSK reflected a active day with several companies showing significant price movements. Gazprom led the way, with a massive 14,836,389 shares traded, while other
Gas industry
The U.S. Energy Department's weekly inventory release showed a smaller-than-expected build-up in natural gas supplies, driven by a decrease in domestic production, despite warmer temperatures in the northern parts of the country. The Weekly Natural Gas Storage Report, published by the Energy Information Administration (EIA), provides an
Gas industry
China's largest oil and gas producer, China National Petroleum Corporation (CNPC), is planning to spend over 100 billion yuan on building natural gas depots in the next five years, aiming to increase storage capacity from 1.8 billion cubic meters to 10 billion cubic meters by 2015. The
Gas industry
Gazprom, a leading Russian energy company, is set to hold negotiations with PetroChina Company Limited to finalize the details of natural gas supply to China. The two companies have already agreed on the technological specifications of the Altai Gas Pipeline, a 2,800-kilometer long pipeline that will export natural gas
Gas industry
The Russian stock market experienced a sharp decline on Tuesday, mirroring the trend of falling global markets and plummeting oil prices. The benchmark stocks on the Moscow Interbank Currency Exchange (MICEX) dropped by 2.48%, while the RTS Index fell by 2.41%. The International Monetary Fund's (IMF)
