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Methane Gas Rises From Island Created by Pakistan Quake

Date:
September 26, 2013
Source:
AFP / Powered by NewsLook.com
Summary:
A small island of mud and rock created by the huge earthquake that hit southwest Pakistan is fascinating locals but experts -- who found methane gas rising from it -- say it is unlikely to last long.


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last updated on 2014-08-02 at 1:30 am EDT

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

TheStreet (July 11, 2014) — Gas Natural, the Ohio-based company mired in scandal, was recently talking to prospective buyers about a sale, but talks came to a screeching halt when former CEO Richard Osborne filed a lawsuit against the company. The scandal started back in November when Ohio regulators ordered an investigation into Gas Natural. In May, the company announced that Osborne would be retiring and his son would take the reins. Late last month, Osborne Senior struck back, filing a lawsuit against the company. The suit has forced Gas Natural to put the sale on the back burner, but sources say that as soon as the matter is settled, the company will once again be on the prowl for a buyer. Even with the controversy surrounding the company, there will be no shortage of buyers as there is an intense level of interest in the gas local distribution space. Similar companies that have recently traded hands have fetched rich ebitda multiples of 10.5 times. With about $20 million in ebitda last year, Gas Natural could easily fetch north of $200 million in a sale. Video provided by TheStreet
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A Closer Look at Pakistan's Earthquake Island

A Closer Look at Pakistan's Earthquake Island

Reuters (Sep. 26, 2013) — After a 7.7 magnitude earthquake hit a remote province of Pakistan Tuesday, a new island emerges in the Arabian Sea, but this isn't the first island created by an earthquake... Gavino Garay reports.
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Wind Power a New Course for Heligoland Part 1

Wind Power a New Course for Heligoland Part 1

Deutsche Welle (Oct. 1, 2013) — Heligoland is Germany's only high-sea island, located in the middle of the North Sea. Until now, islanders relied on income from tourism. But now the idyllic island is undergoing transformation: to become the worlds "first offshore service island. It's meant to serve as a base for people involved in the construction and maintenance of wind farms being built just a few kilometers off the coast of Heligoland. Carmen Meyer and Grit Hofmann tell us about fascinating offshore technology and the changes taking place on the picturesque island of Heligoland.
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Gas Find Gives New Energy to Cyprus Politics

Gas Find Gives New Energy to Cyprus Politics

AFP (Mar. 25, 2014) — The discovery of gas reserves off the coast of Cyprus is giving renewed impetus to peace talks between the divided island’s north and south and some optimism that natural gas will provide relief for the island's crippled economy. Duration: 02:16 Video provided by AFP
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