Gazprom Reports 9.5 Percent Drop in 2012 Profit on Waning Demand, Rising Costs
Gas – Bloomberg reported that Gazprom's 2012 profits fell by 9.5 percent in the midst of rising costs and dwindling European demand.
Articles Tagged "gas news"
U.S. Congress May Extend Oil & Gas Tax Benefits to Renewable Energy Developers
Gas – Bloomberg reported that U.S. Congress may be extending some of the same tax benefits that they give to oil and gas companies to renewable energy developers.
Natural Gas Bullish for Long-Term Despite Decline
Gas – Reuters reported that natural gas futures fell on Friday and are on track to post a weekly loss.
Exxon’s Profits Rise Despite Lower Prices, Production
Gas – Bloomberg reported that Exxon's quarterly profits rose to $9.5 billion, or $2.12 a share, thanks to wider chemical margins that absorbed some of the losses of lower crude prices and production.
U.S.Trucking Industry Moving Towards Natural Gas
Gas – CNBC reported that the trucking industry is apparently starting switch to natural gas as their fuel of choice.
Sinopec’s Puguang Gas Field Not Impacted by Earthquake
Gas – Reuters reported that China's largest oil refiner, Sinopec, has said that a recent strong earthquake will not impact operations at their Puguang gas field in southwest China.
Tight Supply Makes Natural Gas Best-Performing Commodity
Gas – The Financial Post reported that natural gas is the best-performing commodity globally, marking a rise to date this year of 32 percent, which many analysts attribute to a tight supply.
Polish Treasury Minister Fired After Failure to Supervise Relations Between PGNiG and Gazprom
Gas – Reuters reported that the Polish Prime Minister has fired his Treasury Minister over allegations that he did not supervise relations between Polish PGNiG and its dealings with Russia's Gazprom. As quoted in the market report:
Woodside Petroleum Q1 Sales Jump 21 Percent, Lifted by Pluto LNG
Gas – loomberg reported that Australian Woodside Petroleum announced that their first-quarter sales jumped by 21 percent, due to an uptick in LNG sales from the Pluto project.
Supply to Be Temporarily Interrupted at Sable Offshore Energy Project
Gas – Mining Weekly reported that the Sable Offshore Energy Project, located just off the coast of Nova Scotia, is scheduled to undergo maintenance on its natural gas operations beginning April 23 and ending May 5.
