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Seasonal demand weakness hits Piedmont Natural GasPiedmont Natural Gas Inc. on Friday posted a fiscal third-quarter loss, driven by seasonal demand weakness in the natural gas market.
Topix.net Sunday, September 06, 2009Crude oil on ?slippery slope? to $60
According to technical analysis by New York-based brokerage, Auerbach Grayson, crude oil is on a "slippery slope", after failing to break through resistance and is set to test support at $60.43 a barrel, Bloomberg has reported. The failure of October oil futures to rise above $75.27 - the June 11 high - has made crude vulnerable to "significant decline," the report said.
AME Sunday, September 06, 2009Campaign to drill off Florida has cash and confidence
A secretive group of powerful legislators, business groups and Texas oil companies has been laying the groundwork since December to win legislative approval to open Florida waters to oil exploration.
Houston Chronicle Sunday, September 06, 2009Atlas Pipeline announces Eric Kalamaras as new CFO
Atlas Pipeline Partners LP said Thursday that Eric Kalamaras will fill two key positions for the company.
Topix.net Sunday, September 06, 2009Elections could delay Iraq Shell deal
Iraq's deputy Oil Minister Ahmed al-Shamma believes political opposition to a gas joint venture between Iraq, Royal Dutch Shell and Mitsubishi may delay its finalisation until after national elections in January, Reuters has reported. The gas venture, once in place, will head Iraq's plans to modernise its aging oil and gas facilities, update technology and boost oil output.
AME Sunday, September 06, 2009Crude price slips ahead of Opec meeting
The belief that Opec will not change crude oil output at its meeting this week has pushed prices down, on the expectation of weaker demand as summer draws to a close. The group is expected to keep output at 24.5845 million barrels a day. Bloomberg reported that crude is poised for its biggest decline in eight weeks, with analysts stating that Opec doesn?t mind where the price is, as long as it is higher than $60, but not so high that it curbs demand.
AME Sunday, September 06, 2009Miss. seeks high court help in Tenn. water fight
Mississippi wants the U.S. Supreme Court to decide whether Tennessee's largest city is pumping too much water out of an aquifer shared by the two states.
Topix.net Sunday, September 06, 2009Key Energy Lifts Stake in Russian Oilfield Company
Key Energy Services Inc. said Thursday it closed the second part of its investment in Russian oilfield services company OOO GeoStream Services Group this week.
Topix.net Sunday, September 06, 2009Terasen Gas applies to adjust natural gas rates in parts of B.C.
Terasen Gas is planning to cut natural gas rates for its customers across many parts of British Columbia, citing a slump in the commodity price as a result of weaker demand across North America.
Topix.net Sunday, September 06, 2009
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