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Daily Telegraph: Database: Friday 30 March 2007

A round-up of headlines from across the financial sectors, provided by Bloomberg News

ENERGY

Royal Dutch Shell scrapped a plan to build a liquefied natural gas import terminal on the US Gulf Coast, citing adequate capacity to meet requirements among other terminals under construction or planned in the region.

• Sterling Energy, an oil and gas explorer, said it completed the purchase of Houston-based Whittier Energy for $145m (£73.8m), doubling reserves and production.

• Egdon Resources, a oil and natural-gas explorer, applied for planning approval to develop a gas storage site to supply as much as 5pc of daily demand during the heating season.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/03/30/cxbloom30.xml

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