International Business News - Gas http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Prices at the pump are dropping fast, and gas could fall below $3 a gallon in a matter of weeks, if not sooner. Does that mean Americans will return to their heedless, gas-guzzling ways? http://www.ibtimes.com/data/articleimgs/149330-gas-price-shock.jpg http://www.ibtimes.com/articles/20081010/will-cheap-gas-mean-return-to-gas-guzzling-ways.htm http://www.ibtimes.com/articles/20081010/will-cheap-gas-mean-return-to-gas-guzzling-ways.htm Fri, 10 Oct 2008 17:03:14 EDT Questar Gas and more than 500 of its customers share the burden in a proposed settlement over a case of faulty equipment that led to under-billing. Under a proposal announced Thursday, 582 customers who were under-billed will have to pay, on average, $385 each. The company would have to write off $480,000. The rest of the company's customers will have to pay about 30 cents each. http://www.ibtimes.com/articles/20081010/settlement-proposed-for-questar-billing-blunder.htm Fri, 10 Oct 2008 07:43:06 EDT Natural gas stockpiles in the U.S. rose last week, but remain 3.5 percent under year-ago levels, the government said Thursday. The Energy Department's Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states rose by 88 billion cubic feet to about 3.20 trillion cubic feet for the week ending Oct. 3. http://www.ibtimes.com/articles/20081009/doe-says-natural-gas-supply-jumped-last-week.htm Thu, 09 Oct 2008 10:48:49 EDT The Energy Department will likely report an 85 billion cubic feet to 90 billion cubic feet boost to natural gas reserves on Thursday for the week ended Oct. 3, according to a survey by Platts, the energy information arm of McGraw-Hill Cos. http://www.ibtimes.com/articles/20081009/ahead-of-the-bell-natural-gas-reserve-boost-seen.htm Thu, 09 Oct 2008 06:09:46 EDT Nearly 150 Georgia gas stations are having to defend why they charged inflated prices after Hurricanes Gustav and Ike made fuel scarce over the past month. http://www.ibtimes.com/articles/20081008/ga-officials-investigating-gas-price-complaints.htm Wed, 08 Oct 2008 13:18:46 EDT ATP Oil & Gas Corp. said Tuesday it is negotiating with potential buyers for some of its properties. The Houston-based oil and natural gas producer is considering selling a portion of its working interests in several properties in the Gulf of Mexico and the North Sea. http://www.ibtimes.com/articles/20081007/atp-oil-gas-negotiating-on-potential-asset-sale.htm Tue, 07 Oct 2008 11:21:14 EDT The New York State Department of Environmental Conservation has released its proposed plan to review the environmental impact of natural gas drilling in the Southern Tier. http://www.ibtimes.com/articles/20081006/ny-releases-plan-to-assess-impact-of-gas-drilling.htm Mon, 06 Oct 2008 17:10:37 EDT Two United Arab Emirates-based energy companies announced Saturday that they have begun producing natural gas in Iraq's self-ruled Kurdish area. Crescent Petroleum and its partner Dana Gas DANA.AD said initial gas production stood at 75 million cubic feet per day after completing the first phase of the $650-million project. http://www.ibtimes.com/articles/20081004/iraqs-kurdish-area-witnesses-first-gas-production.htm Sat, 04 Oct 2008 11:48:50 EDT State and BP PLC officials are looking into mishaps this week at Prudhoe Bay, including the rupture of a natural gas pipeline. A segment of the seven-inch pipe was thrown onto the tundra in the rupture Monday. There were no injuries. http://www.ibtimes.com/articles/20081003/bp-gas-line-blows-at-prudhoe-bay.htm Fri, 03 Oct 2008 11:59:55 EDT Authorities say a man filling up his truck at an upstate New York gas station was struck by lightning but survived with barely a scratch. A surveillance camera at the K&K Food Mart in Barker shows the lightning bolt hitting the parking lot in a burst of smoke and orange light Wednesday. Forty-four-year-old William Hall is shown on the damp concrete near his pickup. http://www.ibtimes.com/articles/20081003/ny-man-survives-lightning-strike-at-gas-station.htm Fri, 03 Oct 2008 11:17:46 EDT Shares of Carrizo Oil & Gas Inc. dropped Thursday as prices for crude oil and natural gas declined. The independent crude oil and natural gas producer's stock fell $4.94, or 14.3 percent, to $29.54, its lowest close in a year. The stock earlier bottomed at $29.24. It had ranged between $30.75 and $76.30 over the past 52 weeks. http://www.ibtimes.com/articles/20081002/carrizo-oil-gas-shares-drop-with-energy-prices.htm Thu, 02 Oct 2008 19:52:04 EDT Natural gas reserves in the U.S. rose last week but are 4.2 percent below the same period last year, a government report said Thursday. The Energy Department's Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states rose by 87 billion cubic feet to about 3.11 trillion cubic feet for the week ending Sept. 26. http://www.ibtimes.com/articles/20081002/doe-says-natural-gas-supplies-increased-last-week.htm Thu, 02 Oct 2008 10:44:43 EDT Despite supply interruptions caused by Hurricane Gustav, there should be plenty of natural gas available for heating this winter and prices are likely to stay about the same as last winter, natural gas producers said Thursday. http://www.ibtimes.com/articles/20081002/natural-gas-for-winter-heating-should-be-plentiful.htm Thu, 02 Oct 2008 12:55:35 EDT Tired of waiting in long lines or simply running out of gas, angry drivers in the Southeast are lashing out at politicians, demanding that their leaders do more to get fuel flowing to the region. http://www.ibtimes.com/articles/20081001/gas-shortage-have-politicians-making-tough-calls.htm Wed, 01 Oct 2008 18:57:23 EDT Bulgaria's government announced a major hike in the price of state-controlled natural gas Wednesday due to the global increase in energy costs. The wholesale price for natural gas will rise by 24 percent as of Wednesday, with consumers paying 646 leva ($465) per 1,000 cubic meters, the state energy regulator said. http://www.ibtimes.com/articles/20081001/bulgaria-hikes-state-controlled-gas-price.htm Wed, 01 Oct 2008 11:49:57 EDT Lines eased somewhat Tuesday in Atlanta, the largest city hit by a hurricane-induced gas shortage in the southeast, as Georgia's governor waited for a White House answer to his request to release more crude oil. http://www.ibtimes.com/articles/20080930/gas-lines-shorter-in-largest-city-hit-by-shortage.htm Tue, 30 Sep 2008 20:36:40 EDT Pennsylvania needs more inspectors and greater wastewater treatment capacity to better handle the strong interest in drilling on Marcellus Shale, a mostly untapped reservoir of natural gas that holds huge potential, a top state environmental official said Tuesday. http://www.ibtimes.com/articles/20080930/pa-trying-to-keep-up-with-gas-drilling-rush.htm Tue, 30 Sep 2008 18:15:57 EDT ATP Oil & Gas Corp. said Tuesday that further inspection of its operations in the Gulf of Mexico has confirmed little damage to its production facilities from hurricanes Gustav and Ike. http://www.ibtimes.com/articles/20080930/atp-suffers-little-damage-from-hurricanes.htm Tue, 30 Sep 2008 12:36:24 EDT Motorists are rising before dawn so they can be at the filling station when the delivery truck arrives. Some are skipping work or telecommuting. Others are taking the extreme step--for Atlanta--of switching to public transportation. http://www.ibtimes.com/data/articleimgs/142142-gas-shortage.jpg http://www.ibtimes.com/articles/20080929/gas-shortage-plagues-the-southeast.htm http://www.ibtimes.com/articles/20080929/gas-shortage-plagues-the-southeast.htm Mon, 29 Sep 2008 17:53:05 EDT Shares of oil companies fell Monday afternoon after the House rejected a bailout for the financial sector, and as crude and natural gas prices tumbled. http://www.ibtimes.com/articles/20080929/sector-snap-oil-shares-dip-after-house-vote.htm Mon, 29 Sep 2008 15:24:54 EDT