Natural Gas Utilities

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National Fuel Gas Co raises FY 2014 production guidance

Monday, 28 Jul 2014 04:30pm EDT

National Fuel Gas Co:Updates its previous FY 2014 production guidance range of 155 to 165 Bcfe to a new range of 160 to 168 Bcfe.

China Oil and Gas Group Ltd announces acquisition of 100 pct. equity interest in n oil and gas producing company in Canada

Wednesday, 23 Jul 2014 06:33pm EDT

China Oil and Gas Group Ltd:Referred to the announcement of the company dated June 20, in relation to acquisition of 100 pct. equity interest in Baccalieu Energy Inc., the target company.Unless otherwise defined, capitalised term used in this announcement shall have same meanings as those defined in announcement.Says that all conditions precedent under arrangement agreement have been fulfilled and all related procedural registration matters have also been completed, and the target company has become an indirect wholly owned subsidiary of the company.

Atco Ltd forms strategic alliance with Wipro

Thursday, 17 Jul 2014 04:15pm EDT

Atco Ltd:Enters into strategic alliance with global information technology (IT) leader, Wipro Ltd.This alliance builds on ATCO's existing 5 year relationship with Wipro and will provide ATCO with IT solutions and support services globally for all of its companies.Wipro is global information technology, consulting and business process services company.ATCO and Wipro have agreed to enter into series of Master Services Agreements for a period of 10 years that will see Wipro provide the complete suite of IT services to ATCO.Transaction provides for continuity of employment for existing ATCO I-Tek personnel who will continue to support the IT needs of ATCO as employees of Wipro.Wipro has experience in delivering IT solutions across a variety of industries around the world and is well suited to meeting ATCO's global technology needs.Wipro will also acquire all shares of ATCO I-Tek, including current contracts and employees, as well as assets of ATCO I-Tek Australia as valuable resources to provide IT services ATCO requires and to serve as launching point for Wipro's expansion in Canada and Australia.ATCO I-Tek will continue to operate as subsidiary under Wipro.Sale is expected to close in third quarter of 2014.Aggregate proceeds from sale are expected to be about C$210 mln.

New Jersey Resources Corp raises FY 2014 earnings outlook; gives Q3, Q4 2014 earnings outlook

Wednesday, 16 Jul 2014 08:00am EDT

New Jersey Resources Corp:Increases FY 2014 net financial earnings (NFE) guidance to a range of $4.00 to $4.20 per basic share, from the previously announced range of $3.90 to $4.10 per basic share.Expects Q3 2014 NFE per share of between $0.05 and $0.15.Expects Q4 2014 NFE loss of between $0.50 and $0.60 per share.The forecasted loss in the Q4 is due to the seasonal nature of NJRES and NJNG's businesses and higher discretionary expenses, including the estimated impact of a voluntary early retirement program.FY 2014 EPS of $4.14 - Thomson Reuters I/B/E/S.

PT Perusahaan Gas Negara (Persero) Tbk seeks $650 mln syndicated loans-Bisnis Indonesia

Tuesday, 15 Jul 2014 08:00pm EDT

PT Perusahaan Gas Negara (Persero) Tbk:Seeks syndicated loans with five-year tenure totaling to $650 mln to finance its expansion-Bisnis Indonesia.Invites three banks to join the syndication, including ANZ, Bank of Tokyo-Mitsubishi UFJ, Citigroup, HSBC and Sumitomo Mitsui Banking Corp.

Altaykraygazservis OAO appoints chairman and announces change of general director

Tuesday, 15 Jul 2014 05:55am EDT

Altaykraygazservis OAO:Appoints Stanislav Viktorovich Volynkin to the post of chairman of the board of directors.Dismisses Lyudmila Leonidovna Pautova from the post of general director at her own request, effective as of July 14.Appoints Konstantin Nikolaevich Fokin to the post of general director, effective as of July 15.

Moody's changes outlook on Gas Natural SDG's Baa2 ratings to positive; affirms ratings

Friday, 11 Jul 2014 10:48am EDT

Gas Natural SDG SA:Moody's Investors Service has changed to positive from stable outlook on Baa2 ratings of company and its guaranteed subsidiaries.Concurrently Moody's has affirmed Baa2/Prime-2 issuer ratings of Gas Natural SDG, as well as guaranteed Baa2 and (P)Baa2 debt ratings of Gas Natural Capital Markets SA and Gas Natural Fenosa Finance BV and guaranteed Prime-2 short-term rating of Gas Natural Fenosa Finance BV.Outlook for all ratings is now positive.Rating action follows recent publication of Royal Decree Law 8/2014, which has cut returns for gas distribution, but has also reduced regulatory uncertainty in gas sector in Spain.

Amber Grid AB appoints chairman of the board

Thursday, 10 Jul 2014 09:50am EDT

Amber Grid AB:Announces the appointment of Board member, Aleksandras Spruogis as the company’s chairman of the board.

Latvijas Gaze AS appoints external auditors for FY 2014

Friday, 4 Jul 2014 03:51am EDT

Latvijas Gaze AS:Announces the appointment of M/s. PricewaterhouseCoopers as the company's external auditors for the fiscal year 2014.

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