Industry News

Update: Centrica may pass on gas price increases - ShareCast - Mon 12 May, 01:20 PM
Shares in Centrica rose on expectations that the British Gas owner may pass on the "stubbornly high" wholesale gas prices to customers.

EnCore says Cobra well is gas-bearing - ShareCast - Mon 12 May, 09:29 AM
EnCore Oil said drilling at its 'Cobra' appraisal well on Southern North Sea block 48/2c has been completed and is gas-bearing as expected.

Island Oil sells Dutch assets - ShareCast - Mon 12 May, 09:04 AM
Shares in Island Oil and Gas were wanted Monday morning after the Irish AIM-listed company said it is to sell its Island Netherland BV unit to Delta Hydrocarbons for $25m.

Centrica sees lower operating profit - Reuters - Mon 12 May, 08:27 AM
Energy company Centrica <CNA.L> said that, as expected, first-half group operating profit would be materially below that of last year due to lower profitability at its British Gas retail business, hitting its shares.

Dhaka says not enough gas for major Tata project - AFP - Mon 12 May, 08:25 AM
Talks between Indian conglomerate Tata and the Bangladesh government on a three-billion dollar investment were stalled Monday after the two sides failed to make a breakthrough, an executive said.

China faces 7.3 million tonne LPG shortfall in 2010: report - AFP - Mon 12 May, 08:12 AM
China will face a shortfall of 7.3 million tonnes in liquefied petroleum gas (LPG) supply by 2010 due to surging demand in the countryside and small and medium-sized cities, state media reported on Monday.

Dana Petroleum makes East Rinnes discovery - ShareCast - Mon 12 May, 07:52 AM
Oil and gas explorer Dana Petroleum has made a discovery in Block 210/24a of the East Rinnes oil field in the North Sea.

London pre-open: Flat start expected - ShareCast - Mon 12 May, 07:49 AM
Footsie is poised for a flat start with British Gas group Centrica the main point of interest early on.

Centrica H1 operating profits down - ShareCast - Mon 12 May, 07:29 AM
British Gas owner Centrica said, as expected, overall operating profit for the first half is will be materially lower than the same period last year, adding that for the full year wholesale gas and power prices remain "stubbornly high".

Canada oil and gas giant EnCana splits in two 03:21 AM [ AFP ]
Qatar signs deals to build bln dlr power plant 06:24 PM [ AFP ]
Shell pulls out of Iran gas deal 01:48 PM [ Reuters]
Caza soars after hydrocarbon finds 04:18 PM [ ShareCast]
BG says Origin talks inconclusive but ongoing 08:34 AM [ ShareCast]

Frontera gushes higher after positive results 12:51 PM [ ShareCast]
Man dies as suspected gas blast destroys house 08:23 AM [ Reuters]
BG backs Origin role in Australia state power sale 06:02 AM [ Reuters]
Rolls Royce says 2008 starts well 12:51 PM [ Reuters]
Frontera enthused over Block 12 unit's prospects 11:42 AM [ ShareCast]

Providence Resources to buy Triangle assets 09:16 AM [ ShareCast]
Crude price surge boosts Addax 02:32 PM [ ShareCast]
FTSE 100 movers: Oil strike lifts Tullow by a fifth 02:01 PM [ ShareCast]
Tullow says Ghana well hits oil 08:55 AM [ ShareCast]
EU rules out linking Russia up to Nabucco pipeline 05:30 PM [ AFP ]

Hillary Clinton dismisses "elite" economists on gas tax plan 02:54 AM [ Reuters]
Shell, Repsol seek way out of Iran gas deal: report 06:51 PM [ AFP ]
Bush says rebate cheques will boost economy 04:40 PM [ Reuters]
Shell and Repsol reportedly aim to leave Iran gas project 11:39 AM [ Reuters]
Axon buys EnterSys for initial $7.5m in cash 09:26 AM [ ShareCast]

Forum FY loss widens, Galoc on track 09:01 AM [ ShareCast]
Ombrina Mare 2 find boosts Mediterranean Oil 08:34 AM [ ShareCast]
Bolivia seizes control of energy, telecoms firms 12:18 AM [ AFP ]
Bolivia seizes control of foreign energy, telecoms companies 08:28 PM [ AFP ]
Man threatened incest victims with gas death 04:16 PM [ Reuters]

Dragon appoints new CEO, new structure 02:44 PM [ ShareCast]
Broker tips: BG Group, Mitchells and Butlers, Stagecoach 01:12 PM [ ShareCast]
Broker snap: Origin bid positive for BG Group, JPM says 12:02 PM [ ShareCast]
Japan evacuates hundreds after latest gas suicide 07:55 AM [ Reuters]
Sibir Energy boosts Siberia oil production 04:44 PM [ ShareCast]

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