GLG News by Gasoline Experts

After Georgian troops entered South Osettia - the brake-away part of Georgia under Russian influence- Russia sent tanks and troops into the region.

The LNG supply will increase next year by over one third of present production with a total estimated supply of over 30 billion cubic feet per day (bcfd).  Qatar gas - a partnership of Qatar Petroleum and ExxonMobil -, Shell in Nigeria, BP in Indonesia, Gazprom from Sakhalin and Total from Yemen...

High oil and gas prices have rejuvenated Russia under Vladimir Putin.  He is now even emboldened to replay the Khrushchev Cuba game in response to our planned defense shield in European countries adjacent to Russian territories.  Energy is now the weapon, and we should use it forcefully and...

It has been widely reported that TNK-BP CEO Robert Dudley departed just now from Moscow, humiliated and driven out by BP's oligarch partners. Former BP CEO and chairman Lord Browne had his confrontations with the oligarch partners, but believed the formation of TNK-BP (50:50) was worth the risk to have...

Sarkozy has smartly created a French energy giant by the tacit approval of the merger of Gas de France and it's natural gas rival Suez SA, now known as GDF Suez.  While the French government controls 36% of GDF Suez, the shareholders voted more than 99% in favor of the merger.  This level...

WSJ reported a significant continental shift of oil & gas developments and BP is trying to catch up in view of their forthcoming loss of TNK-BP control. BP is going to invest $1.75 billion in Chesapeake Energy, one of the most successful wildcatters for unconventional natural gas in the Haynesville...

Royal Dutch Shell PLC is seriously looking at FPSO (floating production and storage off shore ships) for their Prelude gas field in the Browse basin of Western Australia. The Browse reserves are estimated in the range of 1 - 2 tcf of NG.  Shell has invited bids from three preselected consortiums,...

The Gulf Cooperation Council (GCC) has for some time prioritized oil development over natural gas (NG) and now finds its industrial development severely hampered without increased gas supply.  LNG imports have to fill the NG demand for power and industrial projects such as petrochemical plants...

In view of the high gas prices the public is now in favor of drilling off shore in Florida and elsewhere on the OCS.  Florida's Governor Charlie Christ has switched sides and now supports drilling on 8.3 million acres 125 miles off the Florida Panhandle.  In case of successful oil and gas...

Chesapeake Energy and Plains Exploration & Production have leased over 550,000 acres in the newly recognized  Haynsville natural gas (NG) field, located in the North West of Louisiana. An immediate real play is on for 44 trillion cubic feet of NG on the leases.