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El Paso posts quarterly profit vs. loss
YAHOO
Reuters - Natural gas producer and pipeline
company El Paso Corp. on Monday posted a quarterly
profit, reversing a year-earlier loss, helped by strong results
from its pipelines and gains from a hedging program.
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No need to hurry Alaska gas deal: BP's Browne
YAHOO
Reuters - BP Plc Chief Executive
John Browne said on Thursday he hopes that a final agreement on
financial terms for the proposed natural gas pipeline can be
reached soon, but there is no need to rush, despite pressure
from the Bush Administration and Alaska's governor.
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Dhaka Decides To Go Ahead With Exploring Overlapping Blocks In The Bay
AHN
Bangladesh has decided to go ahead with several overlapping blocks in the Bay of Bengal for exploring natural gas and oil through a third round international bidding, a local newspaper reported. The Ministry of Energy, Power and Mineral Resources of Bangladesh is expected to approve 27 fresh...
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Anadarko To Acquire Its Two Competitors for $21 Billion
AHN
United States based oil and natural gas producer Anadarko Petroleum Corp. on Friday agreed to acquire its two competitors Kerr-McGee Corp. and Western Gas Resources Inc. for $21 billion.
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Bolivia says to sue ex-Enron execs for fraud
YAHOO
Reuters - Bolivia's government said on
Friday it would sue former executives of U.S. energy company
Enron as well as former government officials for fraud in
relation to the Brazil natural gas pipeline project that was
completed in the 1990s.
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Anadarko Takes Over Two Energy Rivals For $21 B
AHN
In a bid to boost its North American output, Anadarko Petroleum Corp. on Friday agreed to pay about $21 billion to acquire two smaller competitors, Kerr-McGee Corp. and Western Gas Resources Inc.. Amidst soaring demand for natural gas, the acquisitions will give the company a stronger foothold...
Sources: AHN
India's Reliance to invest 872m dlrs in agro-retail, gas pipeline
YAHOO
AFP - India's Reliance Industries will invest 40 billion ruppees (872 million dollars) to set up an agro-retail chain and a natural gas pipeline in eastern India, company chairman Mukesh Ambani said.
Sources: YAHOO
Jana bids $1.8 billion for Houston Exploration
YAHOO
Reuters - Jana Partners LLC on Monday offered to
buy Houston Exploration Co. for $62 a share in cash, in
what could be a move by the activist hedge fund to force the
oil and natural gas producer to put itself up for sale.
Sources: YAHOO
Chesapeake buys Barnett Shale sites
YAHOO
Reuters - Natural gas producer Chesapeake Energy
Corp. on Monday said it would acquires 39,000 acres of
Barnett Shale properties plus current production for $845
million in cash.
Sources: YAHOO
El Paso profit rises
YAHOO
Reuters - Natural gas producer and pipeline
company El Paso Corp. on Friday reported quarterly
profit rose as the company recognized non-cash gains on oil and
gas hedges.
Sources: YAHOO
Natural Gas Economy Is Losing Steam
YAHOO
AP - On the brink of the 21st century, a group of energy experts peered into the future of natural gas, and what they saw was quite rosy — and quite wrong.
Sources: YAHOO
US probing Russian gas supplier RosUkrEnergo: report
YAHOO
Reuters - The U.S. Justice Department's organized
crime division is investigating RosUkrEnergo AG, a company that
supplies Russian and Central Asian natural gas to Ukraine, the
Wall Street Journal reported on Friday.
Sources: YAHOO
Inflation Slows Sharply in February
YAHOO
AP - Inflation slowed sharply in February as food costs moderated and the price of gasoline, natural gas and other energy products posted big declines.
Sources: YAHOO
Williams profit falls on legal costs, charges
YAHOO
Reuters - Natural gas producer and pipeline
company Williams Cos. Inc. on Tuesday reported
quarterly profit fell 9 percent, hurt by legal costs and
charges for writing down the value of investments.
Sources: YAHOO
UK's National Grid to buy KeySpan for $7.3 bln
YAHOO
Reuters - Britain's National Grid Plc has agreed
to buy U.S. natural gas distributor KeySpan Corp. for around
$7.3 billion in cash in a major tie-up it says can generate
savings of $200 million a year.
Sources: YAHOO
National Grid agrees to buy KeySpan for $7.3 bln
YAHOO
Reuters - National Grid Plc said on Monday
it had agreed a deal to buy U.S. natural gas distributor
KeySpan Corp. for around $7.3 billion in cash plus
assumed debt of $4.5 billion.
Sources: YAHOO
UK's National Grid in talks with US KeySpan
YAHOO
Reuters - UK utility National Grid Plc said
on Friday it was in discussions over a deal with U.S. natural
gas distributor KeySpan Corp. .
Sources: YAHOO
Investors question ConocoPhillips-Burlington value
YAHOO
Reuters - When ConocoPhillips presented
its $35 billion deal to acquire Burlington Resources Inc.
to analysts on December 13, little did executives know
that natural gas would hit a record high that day -- and little
did they imagine it would then plunge 50 percent in 60 days.
Sources: YAHOO
KeySpan up for sale, offers top $6.5 bln: report
YAHOO
Reuters - Natural gas supplier KeySpan Corp.
is up for sale and attracting offers of more than $6.5
billion, the New York Times reported on Friday, citing people
involved in the process.
Sources: YAHOO
Morales Ready to Negotiate With Oil Cos.
YAHOO
AP - President-elect Evo Morales is ready to negotiate with foreign oil companies over the future of Bolivia's vast natural gas reserves and wants to boost exports beyond South America, a key member of his transition team said Friday.
Sources: YAHOO
Oil below $63 on US distillate, natgas stockbuild
YAHOO
Reuters - Oil hovered below $63 on Friday after
U.S. distillate and natural gas stocks rose as the weather
turned warmer.
Sources: YAHOO
Oil extends rally amid Russia-Ukraine gas row
YAHOO
Reuters - Oil prices rose on Tuesday, extending
year-end gains after a brief cut in Russian natural gas
supplies to Europe rattled traders and threatened to drive up
demand for oil-based heating fuels.
Sources: YAHOO
US crude rallies at open, extends end-year gains
YAHOO
Reuters - U.S. oil futures climbed half a
dollar early on Tuesday, building on a year-end rally amid
renewed investor enthusiasm for commodity markets and after a
brief cut in Russian natural gas supplies to Europe.
Sources: YAHOO
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