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Swiss company to drill for gas in Lake Geneva
Geneva (AFP) July 29, 2009 A Swiss gas trading company has received permission to drill for gas in Lake Geneva, raising the prospect of derricks appearing at the foot of the Alps, Swiss news agency ATS reported Wednesday. Local authorities in the village of Noville, on the southeastern edge of the lake, gave the company, Petrosvibri, the final go ahead to erect a derrick and search for gas in the autumn. Swiss media reported that the 20 million Swiss-franc project (13.1 million euros, 18.1 million dollars), which is due to be presented next week, would allow a 61-metre high derrick in Noville to drill up to three kilometres beneath the lake. The original project had sparked strong objections from environmental groups, but the final planning opposition was dropped in June. Share This Article With Planet Earth
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Targa buys gas liquid logistics off parentNew York (UPI) Jul 28, 2009 Targa Resources Partners LP will buy the natural gas liquids logistics and marketing business off its parent Targa Resources, Inc. for $530 million. Moody's ratings service said the transaction would impact on approximately $1.8 billion of securities and emphasized the outlook for both companies was stable. Both Targa Resources, Inc. and Targa Resources Partners LP have headquarters in ... read more |
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