An early end to winter has pressured natural gas prices so far this year. Is relief on the horizon?
China’s growing demand for liquefied natural gas could help balance an oversupplied market challenged by new production coming from US and Australia.
CALGARY, AB–(Marketwired – September 26, 2016) – Condor Petroleum Inc. (“Condor” or the “Company”) (TSX: CPI) is pleased to announce that the Company has commenced commercial oil production at the Shoba oilfield in Kazakhstan on September 18, 2016. Current stabilized production is exceeding 500 barrels per day as forecast and
CALGARY, ALBERTA–(Marketwired – Aug. 10, 2016) –
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Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX:PNE) is pleased to announce that it has completed its semi-annual borrowing base redetermination and has renewed its credit facilities with its
CALGARY, AB–(Marketwired – August 02, 2016) – Husky Energy’s (TSX: HSE) China subsidiary has signed a Heads of Agreement (HOA) with CNOOC Limited and relevant companies for the price adjustment of natural gas from the Liwan 3-1 and Liuhua 34-2 fields that would see the price set at $12.50-15.00 Cdn
Mining Weekly reported that Beach Energy’s sales revenue fell 15 percent in the third quarter despite seeing an increase in sales volume for the quarter, due to falling oil prices.
The rules are aimed at cutting methane emissions from oil and natural gas drilling as part of the Obama administration’s plan to reduce emissions from the sector by up to 40 to 45 percent by 2025.
Mining Weekly reported that the Queensland government launched a gas action plan, which is aimed at growing its gas industry while boosting employment.
Bloomberg reported that over the last six weeks, gas for next-month delivery in the UK has risen 17 percent, largely because Ukraine said it may ban Gazprom OAO (MCX:GAZP), a major European gas supplier, from shipping the fuel across its territory.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) signed a non-binding Memorandum of Understanding (MoU) with a Multinational Gas Company (MGC) to conduct a technical and market study of a CBM-to-LNG facility, with a potential capacity of up to 50 MMcf/d in South Kalimantan, Indonesia.