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Nymex Crude Oil Prices Closed at $73.91/bbl
Market Recap
Crude oil prices gained by 2.8% on the Nymex to close at $73.91/bbl. Oil prices hit an intra-day high of $74.48/bbl yesterday. On the MCX platform, crude oil prices
Bahamas Suspends New Oil Exploration Licenses
The Bahamas’ government says it will not consider new oil exploration or drilling applications for the vast archipelago’s waters until a “very stringent” environmental framework can be put in place.
The
Sumitomo Corp. Agreed to Pay $140 million for 30 percent Shale Gas Stake Rex Energy at Marcellus Shale Gas, U.S.
Reg Energy Corp. reported, one of Japan’s largest trading companies, Sumitomo Corp. agreed to pay $ 140 million for 30 percent stake Reg Energy Corp. in the gas business in
Houston City Council Approved Natural Gas Exploration Under Three Houston City Park
Houston City Council has signed a deal with oil and gas exploration companies to explore natural gas reserves beneath the city park. Natural gas exploration will be conducted at three
Asian Oil and Gas Companies Compete to Take Over World’s Oil Reserve Exploration Projects
Asian oil and gas companies have taken some program to get oil exploration projects in several countries that have oil potential. This program is carried out to obtain a secure
Gazprom Expects Natural Gas Demand to Reach Pre-Crisis Level by 2012
Russian gas companies Gazprom is expecting natural gas demand to reach pre-crisis levels by 2012.
“Not later than 2012, we expect demand to be restored to the pre-crisis level,” the head
Results of Energy and Environmental Expert Panel Recommended Removal of Oil Drilling Moratorium
Oil and gas exploration company in America gets a fresh breeze to continue oil exploration and drilling project, because panel of energy and environmental experts recommend removal of oil drilling
India to Launch Shale Gas Exploration by End Of 2011
India plans to have a shale gas policy in place by the end of 2011, and is currently working on a resource assessment of its basins and drafting a fiscal
Oil and Natural Gas Corporation Announces Results of Oil drilling in Western Onshore Basin
Oil and Natural Gas Corporation (ONGC) has announced the results of oil drilling in Western Onshore Basin. This oil company has obtained permission to drill from the NELP.
A press release
